The global plastic extrusion machines market reached a value of US$ 6.05 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 8.12 Billion by 2027, exhibiting a CAGR of 4.70% during 2022-2027.
Plastic extrusion machines, also called plastic extruders, refer to the mechanical systems used in high-volume manufacturing processes to melt and transform raw plastics. They comprise of hoppers, barrels, temperature controllers, screw drives, and screw drive motors. Plastic extrusion machines work by heating, melting, and transporting the plastics through a screw to press them in a mold or work with them freehand. They help speed up the workflow while ensuring consistency throughout the manufacturing process. As such, plastic extrusion machines are gaining traction across various industries, owing to their high speed, greater flexibility, easy to operate process, bulk production advantage, excellent production quality, etc.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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The escalating demand for extruded plastic products in the consumer goods, packaging, automotive, and construction sectors is primarily driving the plastic extrusion machines market. Additionally, the shifting preferences towards automated plastic processing and manufacturing are further catalyzing the market growth. Besides this, the elevating requirement for these processes in manufacturing fixed cross-sectional products with high accuracy is also augmenting the global market.
Moreover, the integration of plastic extrusion machines with advanced technologies, such as artificial intelligence (AI), is acting as another significant growth-inducing factor. Apart from this, several leading manufacturers are investing heavily in the development of innovative product variants with enhanced quality and energy efficiency, which is anticipated to fuel the plastic extrusion machines market over the forecasted period.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Apex Engineers, Bausano & Figli S.p.A., China National Chemical Corporation, Costruzioni Meccaniche Luigi Bandera SpA, DEGUMA-SCHÜTZ GmbH, Extrusion Technik USA Inc., Hillenbrand Inc., Kabra ExtrusionTechnik Ltd., Mitsuba Mfg. Co. Ltd., Reifenhäuser GmbH & Co. KG Maschinenfabrik, Shibaura Machine Co. Ltd., The Japan Steel Works Ltd., Well Shyang Machinery Co. Ltd. and Windsor Machines Limited.
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The report has segmented the market on the basis of region, machine type, process type, material, solution and application.
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