In an imminent era of substantial expansion, the global extrusion equipment market is projected to experience a noteworthy compound annual growth rate (CAGR) of 5.3% throughout the entire forecast period. By the year 2032, the market is poised to achieve an impressive valuation of US$ 8,764.6 million, signifying a substantial increase from its 2022 value of US$ 5,243.7 million.
Several pivotal factors drive the widespread adoption of extrusion equipment across diverse industries. A key catalyst is the burgeoning demand for extruded products. The versatile nature of extrusion, enabling the creation of intricate shapes and profiles, coupled with its efficiency in large-scale production, has fueled the escalating demand for extrusion equipment. Its applications span a broad spectrum of industries, encompassing, but not limited to, food and beverages, plastics, automotive, and construction.
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Extrusion Equipment Market Dynamics and Trends:
The extrusion equipment market is generally driven by end use industries such as food, consumer goods, pharmaceuticals, refractory materials, etc. where the extruded products are manufactured. Operation on optimal loads and flexibility in design orientation of feedstock materials are being focused by extrusion equipment manufacturers. These are the trends currently prevailing in the extrusion equipment manufacturing segment. This aspect has been regularly acted upon by OEMs via product development programs. The market however, could be restrained only due to lack of growth and expansion in the end use industries in regions such as Europe and U.S.
The extrusion equipment market has business potential in the form of maintenance and service aspects, post initial purchase and installation. Product support and services are provided by OEMs, suppliers as well as distributors. Price, product features, after sales service and sales distribution network are the key defining parameters for a company to sustain its business in the competitive market.
Extrusion Equipment Market: Regional Analysis and Outlook
The OEMs related to extrusion equipment market are mainly based in Asia Pacific particularly in China, U.S. and Europe owing to the end industry development, strong sales and distribution channels and their established technical know-how in end use industries. The Asia Pacific end use market alone is expected to drive a significant growth rate of industrial equipment especially in the field of consumer goods, food products and pharmaceutical industry. In pharmaceutical industry, extrusion is done using nano-porous, polymeric filters with a specific size of narrow-size distribution.
Latin America is also expected to augment the market demand in terms of development in food, pharmaceutical industry as well. The extrusion equipment market would also benefit significantly from the renewable energy sector across the globe with biomass extrudes used as feedstock. The extrusion equipment market is expected to witness a decent growth during the forecast period, 2022-2032.
Extrusion Equipment Market: Market Participants
The competitive landscape for Extrusion Equipment Market is majorly marked by the presence of large players as well as small scale players. Some of the market participants involved in the global Extrusion equipment market are: Milacron, RDN Manufacturing Co., Inc., Coperion GmbH, Conair Group, Toshiba Machine Co., Ltd., HPM, Krauss Maffei and Thermo Fischer Scientific Inc. along with other mid-small scale OEMs and regional enterprises.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
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Key Segments:
By Product Type:
- Single Screw Extruders
- Twin Screw Extruders
- Downstream Equipment
By Load Type:
- Variable
- Hydrostatic
By Press Position:
- Horizontal
- Vertical
By End User:
- Plastic Goods
- Processed Food
- Pharmaceutical
- Non-Conventional Energy
- Construction Materials
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
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Author:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
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