The global plastic extrusion machine market is projected to reach US$ 6.7 Billion in 2022. Based on the report, sales of plastic extrusion machines are expected to have a CAGR of 4.70% and to reach an evaluation of US$ 10.7 Billion by 2032. The prominent advantage of the plastic extrusion machine process is that the plastic can be given any complex shape and molded into any design without the appearance of any cracks or im.perfections as the plastic encounters only shear and compressive stresses.
The process also helps in the production of parts and components with excellent surface finishes. The extruder machine consists of a barrel and screw as well as heaters, dies, and screw drives. Two different pressure conditions are applied when the extrusion machine is in operation. Plastic products like weatherstripping lines, pipes, tubes, deck railings, plastic films, window frames, plastic sheets, wire insulation, and thermoplastic coatings are made using plastic extrusion. Fixed cross-sectional profiles are made using the extrusion process.
Materials, such as plastic or thermoplastic, are pressed through a die of desired shape and cross-section. Plastic extrusion is a manufacturing process using which high volumes of plastic material is manufactured and produced to form a continuous profile.
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Additionally, the mixing action of the plastic compound through the shearing action is facilitated by the extruder screw. The plastic extrusion process is used for the manufacturing of plastic tires and belt conveyors in the global market. Extrusion machines can be used for the manufacturing of several materials from thermoplastic plastic, thermoplastic and natural plastic. The cross-sectional shapes or profiles, such as cord, rectangles, squares and triangular shapes and hollow sections of the aforementioned profiles can be easily manufactured using plastic extrusion machines.
Market Dynamics: Plastic Extrusion Machine Global Market
The Plastic extrusion machine market is estimated to gain traction in the market over the forecast period owing to significant drivers, such as significant innovation processing technologies and introduction of new and novel plastic products in the global market.
However, there are other factors which are also expected to drive the demand for plastic extrusion machines, such as the growing piping industries and manufacturing sector in emerging and developed regions, increasing awareness about the benefits of plastic extrusion machine, growing consumer consciousness about environment-friendly equipment and other comforts. Manufacturers have strong opportunity to introduce innovative plastic products which are being manufactured to meet transitioning consumer demand for fuel effective & high-performance lightweight vehicles.
Automotive, oil & gas and construction industries are expected to fuel the demand for plastic extrusion machines during the forecast period. This trend in the plastic extrusion machine market is estimated to increase owing to the growing automotive industries, rising population across the world and growing spending on infrastructure. Currently, major manufacturers in the plastic extrusion machine market which have extensive presence globally dominate the market with their extensive distribution network along with their innovative product portfolio, which is a key driving factor for the growth of the global plastic extrusion machine market.
Also, growing consumer preference towards less carbon emission control vehicles has encouraged manufacturers to achieve minimum fuel efficiency and to continue this, manufacturers have tied up with OEMs to develop specific products for automobiles which are light in weight. Lack of awareness about the advantages of plastic extrusion machine systems may act as a restraint for the global Plastic Extrusion Machine system market.
Regional Outlook: Plastic Extrusion Machine Global Market
Rising automotive sector in APAC and Europe is expected to grow with healthy CAGR over the forecast period. European countries, such as Germany and Russia, are expected to gain traction during the forecast period. Stringent emission regulations are increasing the demand for plastic products in interior materials in all the vehicle types across the globe.
People in Europe, North America and the Middle East live a luxurious lifestyle. This coupled with higher standard of living and high disposable incomes has led to a growth in the application of plastic products in all end use industries, such as automotive and footwear, which is in turn estimated to propel the demand for global Plastic extrusion machines. People have developed a liking towards comfortable and smooth plastic products and thus, the market is expected see rapid growth in all developed and developing countries in the future.
Developing markets in the APEJ region, especially China and India, are estimated to play a significant role in the growth of the Plastic extrusion machines in coming future. In countries, such as India and China, manufacturing industries are growing at a good pace and hence, there is humungous growth potential for plastic extrusion machines in the near future.
Key Market players: Plastic Extrusion Machine Global Market
Some of the key players in the polyurethanes additives market are:
- Apex Engineers
- 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
Market Segmentation: Plastic Extrusion Machine Global Market
The Plastic Extrusion Machine market is segmented on the basis of product type, material component and end use.
On the basis of product type, the plastic extrusion machine market is segmented into:
- Single screw extrusion
- Twin screw extrusion
On the basis of material, the plastic extrusion machine market is segmented into:
On the basis of component, the plastic extrusion machine market is segmented into:
- Screw Drives
- Blown film extrusion
- Sheet/film extrusion
- Tubing extrusion
- Extrusion coating
On the basis of end use, the plastic extrusion machine market is segmented into:
- Oil & Gas
- Consumer Goods