Market Survey on Extruders and Compounding Machines Market Covering Sales Outlook, Up-to-date Key Trends, Production and Consumption Statistics, Market Size and Forecast Including New and Replacement Sales, Import and Export Analysis, Installed Base Analysis, Trade Scenario Analysis, Company Share and Pricing Analysis

NEWARK, DE / ACCESSWIRE / July 31, 2024 / The global extruder and compounding machine market value is expected to rise from US$ 75.53 billion in 2024 to US$ 113.96 billion by 2034. This estimated growth is expected to be driven by a steady CAGR of 4.20% in the extruder and compounding machine industry over the next decade.

End users are increasingly adopting extruders and compounding machines to empower firms to raise their production capacity while reducing their overall costs. By using this equipment, end users are also able to minimize the chances of contamination and error.

In the modern world, plastic has become an indispensable material for carrying various products. To develop plastic materials like specialty and engineering plastics, companies in the plastic industry are rapidly adopting extruders and compounding machines for efficient and swift development of plastics.

Key players in the extruder and compounding machine market are integrating IoT and automation to boost their manufacturing process and meet the demands of end users.

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What are the Factors Driving Extruders and Compounding Machines Market?

"Flourishing Plastic Industry Spurning Sales of Plastic Extruders and Compounding Machines"

Despite various restrictions on plastic usage, the growth of plastic industry remains unaffected. Sales of plastic products have witnessed a substantial rise over the last few years.

The modern world has become so dependent on plastic that is almost impossible to replace it. Plastic materials such as engineering and specialty plastics have taken over industries due to their various advantages. Right from automotive and packaging industries to consumer goods, plastic is being extensively used for making products like pipes, automotive spare parts, sheets, saps & closures etc.

To increase their production capacity and manufacture customized plastic items, manufacturers are increasingly adopting plastic extruders and compounding machines. This is providing impetus to the growth of extruders and compounding machines market.

Expansion of industries such as automotive and packaging will directly impact the demand for plastics. This is anticipated to create lucrative growth opportunities within the global extruders and compounding machines market.

How is the Expansion of the Food Industry Affecting Sales of Extruders and Compounding Machines?

Apart from demand in the plastic industry, the food sector has presented potential opportunities for growth in the global extruders and compounding machines market. Rising disposable income and changing life standards of consumers have triggered the growth of food industry during the last few years.

Food manufacturers are utilizing modern processing machines such as extruders and compounding machines to increase their productivity as well as to reduce costs. Extruders are gradually becoming standard machines for extrusion and maintaining better hygienic conditions of food products without compromising the quality.

An increase in number of food outlets and processing units will eventually boost the sales of extruders and compounding machines over the forecast period. Moreover, rising demand for packaged food items will also support the growth of the market in the future.

Key Takeaways from the Extruder and Compounding Machine Market Report

• The extrusion and compounding machine market generated a revenue of US$ 61.08 billion in 2019. The revenue expanded by 2024 and gained a valuation of US$ 72.43 billion, meanwhile registering a CAGR of 3.51%.

• By product type, the twin screw segment is projected to acquire a market share of 58.30% in 2024.

• Based on application, the specialty plastics segment is estimated to capture a market share of 37.20% in 2024.

• The United States extrusion and compounding machine market is projected to propel at a CAGR of 4.4% over the forecast period.

• The German extrusion and compounding machine market is expected to register a CAGR of 4.5% through 2034.

• In Asia Pacific, the India, China, and Australia market is anticipated to record CAGRs of 5.5%, 5%, and 4.6% from 2024 to 2034.

"Industry participants are expected to introduce specialized machines in the market to enhance their attractiveness among different end-use industries," opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Competitive Dashboard

Key players in the extrusion and compounding market are focusing on product advancement and market expansion by developing specialized machines, widening their product portfolio, and investing in research and development activities. Apart from this, players are entering new markets, establishing strategic partnerships, and setting up local manufacturing units to enhance their responsiveness to local requirements.

Top 10 Key Players in the Extrusion and Compounding Machine Market

• Toshiba Machine Co., Ltd.

• The Japan Steel Works Ltd.

• Coperion GmbH

• Battenfeld-Cincinnati

• NFM Welding Engineers, Inc.

• Clextral S.A.S.

• KraussMaffei Berstorff GmbH

• Leistritz AG

• Davis-Standard, LLC

• Theysohn Extrusionstechnik GmbH

Noteworthy Advancements in the Extrusion and Compounding Machine Market

• Brabender introduced a new electrically powered twin-screw extruder B-TSE-S 30/40 Big Compounder in November 2022. As per the company, the extruder was manufactured as an interface between the laboratory and the pilot plant. The compact design of the extruder unites the drive and processing unit, making it suitable for creating formulations and small-scale production of different extrudates composed of plastics, rubber, feed, food, and various other extrudable materials.

• Bausano, which is an Italy-based extrusion machinery developer, launched its Smart Energy System in July 2022. The product has been developed for both a single screw extruder E-GO R and a twin screw extruder Nextmover range. As per the firm, the product is equipped with forced-cooled induction coils with specialized openings to reduce heat loss. For faster cooling, the cooling airflow is channeled into plasticizing cylinder.

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Extruder and Compounding Machine Industry by Category

By Product Type:

• Single Screw

• Twin Screw

• Ram Extruders

By Application:

• Speciality Plastics

• PVC Cable

• Master Batch Production

• Flooring Sheet

• Others

By End Use Industry:

• Food Industry

• Chemical Industry

• Plastic Industry

• Medical/Pharmaceutical

• Others

By Region:

• North America

• Latin America

• Western Europe

• Eastern Europe

• South Asia and the Pacific

• East Asia

• Middle East and Africa

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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