The global vinyl extrusion equipment market is poised for substantial growth, with a projected market value reaching US$ 7.57 billion in 2023 and an expected valuation of US$ 14.5 billion, displaying an impressive Compound Annual Growth Rate (CAGR) of 6.7% throughout the forecast period from 2023 to 2033. In the historical period spanning from 2018 to 2022, the Vinyl Extrusion Equipment industry recorded a commendable CAGR of 5%.
The escalating global awareness about energy conservation emerges as a pivotal driver propelling the vinyl extrusion equipment market forward. Consequently, manufacturers of vinyl extrusion machines are strategically focusing on the production of efficient and reliable twin-screw plastic extrusion equipment to catalyze market growth.
Furthermore, the increasing consumer demand for energy-efficient and innovative blown film is incentivizing manufacturers to continually innovate their products with new technologies. This emphasis on energy efficiency and technological advancements positions the vinyl extrusion equipment market at the forefront of meeting the evolving needs of various industries.
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Industry Dynamics
The vinyl extrusion process initiates with the heating of vinyl, which is then loaded into the press container. Dummy molds shape the vinyl, and ram forces it out of the die. Subsequently, heat treatment or cold pressing refines its properties. The escalating demand for vinyl, particularly in the medical sector for manufacturing items like gloves, caps, and valves, is anticipated to drive an increase in market demand for vinyl extrusion equipment in the forecast period.
The array of vinyl extrusion equipment encompasses embossing machines, water dip cooling systems and rolls, calibrators, water tanks, air knife systems, pullers, cut-off presses and dies, rotary scrap cutters, soffit venting machines, and more. The sales segment for new vinyl extrusion equipment is poised to dominate the market during the specified timeframe.
The growth of the market is further propelled by an upsurge in the need for plastic extrusion machines from the building and construction industry. Additionally, the increasing demand for extruder machines from the transportation sector contributes to the overall growth of the vinyl extrusion equipment market. This confluence of factors underscores the market’s versatility and its integral role in diverse industries.
Market Drivers
The Vinyl Extrusion Equipment Market is driven by several key factors that contribute to its growth and prominence in various industries:
- Rising Demand in the Medical Sector: The increased demand for vinyl in the medical sector, particularly for the production of gloves, caps, and valves, is a significant driver. The healthcare industry’s reliance on vinyl-based products fuels the demand for vinyl extrusion equipment.
- Diverse Range of Equipment: The availability and versatility of vinyl extrusion equipment, including embossing machines, cooling systems, calibrators, and more, cater to a wide range of applications. This diversity makes vinyl extrusion equipment indispensable across various industries.
- Market Dominance of New Sales Segment: The dominance of the new sales segment in the vinyl extrusion equipment market contributes to market growth. The continuous innovation and introduction of advanced equipment drive the market forward.
- Demand from Building and Construction Industry: The growing need for plastic extrusion machines from the building and construction sector is a driving force. Vinyl extrusion equipment plays a crucial role in producing components used in construction applications.
- Increased Demand in the Transportation Industry: The rising demand for extruder machines from the transportation industry further propels market growth. Vinyl extrusion equipment is utilized in manufacturing various components used in vehicles and transportation infrastructure.
- Escalating Awareness of Energy Conservation: The increasing global awareness of energy conservation is a significant market driver. Manufacturers are focusing on producing efficient and reliable twin-screw plastic extrusion equipment to align with the growing emphasis on energy-efficient technologies.
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Key Market Players
- Bausano & Figli SpA
- Costruzioni Meccaniche Luigi Bandera SpA
- Kabra ExtrusionTechnik Ltd.
- KraussMaffei Group
- Milacron Holdings Corp.
- Reifenhäuser GmbH & Co. KG Maschinenfabrik
- The Japan Steel Works
- Toshiba Machine Co. Ltd.
- UNION Officine Meccaniche SpA
- K-Ter Imagineering
- Windsor Machines Limited
Market Segmentation
Extrusion:
- Direct Extrusion
- Indirect Extrusion
- Hydrostatic Extrusion
Equipments:
- Carbon steel
- Stainless steel
- Titanium
- Aluminium
- Magnesium
Application:
- Automotive
- Construction
- Aerospace
- Medical Applications
- F&B Applications
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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