Market Research Future (MRFR) has published a cooked research report on the “Global Plastic Extrusion Machine Market” that contains information from 2018 to 2032. The Plastic extrusion machine market is estimated to register a CAGR of 5.00% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global plastic extrusion machine market— Bausano & Figli SpA, Costruzioni Meccaniche Luigi Bandera SpA, Kabra ExtrusionTechnik Ltd., KraussMaffei Group, Milacron Holdings Corp., The Japan Steel Works, Toshiba Machine Co., Ltd., UNION Officine Meccaniche SpA, and Windsor Machines Limited and others
Plastic Extrusion Machine Market Highlights
The global plastic extrusion machine market is accounted to register a CAGR of 5.00% during the forecast period and is estimated to reach USD 10.08 Billion by 2032.
The plastic extrusion machine market is expanding as plastic processing industries demand efficient manufacturing solutions. These machines play a pivotal role in shaping and forming plastic products for sectors ranging from packaging to construction, driving market growth.
Segment Analysis
The global plastic extrusion machine market has been segmented based machine type, process type and application.
On the basis of machine type, the market is segmented into single-screw and twin-screw. The twin-screw segment dominated the market in 2022. Twin-screw extruders are particularly effective at combining and compounding a variety of components, including additives, fillers, and polymers.
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Based on process type, the global plastic extrusion machine market has been segmented into blown film extrusion, sheet/film extrusion, tubing extrusion and others. The blown film extrusion category generated the most income in 2022. The incredibly adaptable process known as blown film extrusion can be used to create a wide range of plastic film products with various thicknesses, traits, and functions.
Based on solution, the global plastic extrusion machine market has been segmented into new sales and aftermarket. The new sales segment dominated the market in 2022. As Industry 4.0 concepts like data analytics, automation, and the Internet of Things (IoT) are embraced, the production environment is changing.
Based on application, the global plastic extrusion machine market has been segmented into building & construction, medical, transportation, consumer goods and others. The building & construction segment dominated the market in 2022. Products constructed of plastic extrusion are favoured in the construction industry because to their strength and light weight. Because they are easy to carry, handle, and install, they are less expensive to transport and labor.
Regional Analysis
The global plastic extrusion machine market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Plastic extrusion machine market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Plastic extrusion machine market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Plastic extrusion machine market comprises of Middle East, Africa, and Latin America.
The Asia-Pacific plastic extrusion machine market dominated this market in 2022 (45.80%). China is becoming more urbanized, which is resulting in the construction of high-rise buildings. PVC profiles produced by extrusion machines are often used for window and door frames due to its accessibility and resilience to environmental impacts. The surge in building in cities like Shanghai and Beijing has increased demand for these extrusion products.
Moreover, the market for plastic extrusion machines holds the second-largest market share in Europe. Germany uses a lot of plastic extrusion items because it is committed to using green and energy-efficient building techniques. The rigorous Passive House Standard typically specifies the use of plastic extruded profiles for window frames and insulation. For instance, the German company Rehau employs extrusion technology to make window profiles that are energy efficient..
Additionally, the North America plastic extrusion machine market is expected to grow at the fastest CAGR from 2023 to 2032. The ongoing construction of important infrastructure projects including highways, bridges, and tunnels has increased demand for high-density polyethylene (HDPE) pipes in the United States. These pipes are used in place of more traditional materials like concrete and steel for water and wastewater management systems because of their durability and resistance to corrosion.
Furthermore, the rest of the world's plastic extrusion machine market is divided into the Middle East, Africa, and Latin America. The Latin American plastic extrusion machine market is on the rise as industries seek efficient plastic processing solutions. These machines hold significance in shaping plastic products across sectors like packaging and construction, serving as a driving force behind market growth.
Key Findings of the Study
- The global plastic extrusion machine market is expected to reach USD 10.08 Billion by 2032, at a CAGR of 5.00% during the forecast period.
- The North America region accounted for the fastest-growing global market. High-density polyethylene (HDPE) pipes are in higher demand in the United States as a result of the continued building of significant infrastructure projects like highways, bridges, and tunnels.
- Based on application, the building & construction segment was attributed to holding the largest market in 2022.
- Bausano & Figli SpA, Costruzioni Meccaniche Luigi Bandera SpA, Kabra ExtrusionTechnik Ltd., KraussMaffei Group, Milacron Holdings Corp., The Japan Steel Works, Toshiba Machine Co., Ltd., UNION Officine Meccaniche SpA, and Windsor Machines Limited and others.
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Companies Covered | 15 |
Pages | 128 |
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