The global plastic extrusion machine market is poised to achieve a significant milestone, reaching an estimated valuation of US$ 6,793.9 million in 2022. According to the latest industry report, the sales trajectory of plastic extrusion machines is projected to maintain a robust Compound Annual Growth Rate (CAGR) of 4.70%. By the year 2032, these machines are anticipated to achieve an impressive market evaluation of US$ 10,754.4 million.
The escalating demand for plastic extrusion machines can be attributed to the surging requirement for extruded plastic products across diverse end-use segments. These segments encompass packaging, consumer goods, construction, and automotive industries. This robust demand acts as a driving force, catalyzing the growth trajectory of the global plastic extrusion machine market.
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The plastic extrusion process offers a prominent advantage by enabling the creation of intricate shapes and designs without compromising on quality. This method ensures the absence of cracks or imperfections, as plastic undergoes shear and compressive stresses exclusively. Furthermore, the process yields parts and components with exceptional surface finishes. An extruder machine encompasses crucial components like a barrel, screw, heaters, die, and screw drives. It operates based on the application of two essential conditions: pressure.
The extruder screw facilitates the mixing action of plastic compounds through shearing. This versatile plastic extrusion process finds application in the global market for producing plastic tires and belt conveyors. Extrusion machines accommodate various materials, including thermoplastic plastic, thermoplastic, and natural plastic, enabling the manufacturing of cross-sectional shapes such as cords, rectangles, squares, triangles, and hollow sections. This adaptability underscores the versatility of plastic extrusion machines in delivering diverse profiles with precision.
Market Dynamics: Global Plastic Extrusion Machine Market
The plastic extrusion machine market is poised for growth during the forecast period, driven by significant factors including innovative processing technologies and the introduction of novel plastic products worldwide.
Moreover, various factors are expected to fuel the demand for plastic extrusion machines. These include the expansion of piping industries and the manufacturing sector in both emerging and developed regions, rising awareness about the advantages of plastic extrusion machines, increasing consumer consciousness towards eco-friendly equipment, and other conveniences. Manufacturers are presented with a robust opportunity to introduce innovative plastic products that cater to evolving consumer demands for fuel-efficient and high-performance lightweight vehicles. This confluence of factors positions the plastic extrusion machine market for favorable expansion.
Key Players:
- Apex Engineers
- Reifenhauserindia
- Shyam Plastic Machinery
- KraussMaffei Berstorff
- Extrusion Technik USA, Inc.
- TROESTER GmbH & Co. KG
- Well Shyang Machinery (WSM)
- W. Brabender Instruments Inc.
- MITSUBA MFG. CO., LTD.
- DEGUMA-SCHÜTZ GmbH
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Key Segments Covered:
By Machine Type:
- Single-screw
- Twin-screw
By Process Type:
- Blown Film Extrusion
- Sheet/Film Extrusion
- Tubing Extrusion
- Others
By Material:
- PVC
- Polypropylene (PP)
- Polyethylene (PE)
- Others
By Component:
- ScrewDrivers
- Heaters
- Dies
- Others
By Application:
- Building and Construction
- Medical
- Transportation
- Consumer Goods
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
Reference:
Plastic Extrusion Machine Market Size @ https://www.digitaljournal.com/pr/plastic-extrusion-machine-market-2022-outlook-current-and-future-industry-landscape-analysis-2027
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