Global Extrusion Machinery Market Overview
Extrusion Machinery Market Size was estimated at 21.74 (USD Billion) in 2022. The Extrusion Machinery Industry is expected to grow from 23.2(USD Billion) in 2023 to 41.6 (USD Billion) by 2032. The Extrusion Machinery Market CAGR (growth rate) is expected to be around 6.7% during the forecast period (2024 - 2032).
Key Extrusion Machinery Market Trends Highlighted
The Extrusion Machinery Market is driven by factors such as the growing demand for extruded products, advancements in technology, and the increasing adoption of automation in manufacturing processes. Plastic extrusion is widely used in industries including automotive, packaging, construction, and medical devices, contributing to the market's growth. Opportunities for exploration lie in developing sustainable and eco-friendly extrusion technologies and expanding into emerging markets.
Recent trends in the extrusion machinery market include the integration of advanced automation and control systems, the rise of micro-extrusion for precision applications, and the increasing use of bio-based and biodegradable polymers. Manufacturers are focusing on developing energy-efficient and high-speed extrusion machines to meet the growing demand for extrusion-based products. Additionally, the adoption of Industry 4.0 principles is enabling real-time monitoring and optimization of extrusion processes, enhancing productivity and quality control.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Extrusion Machinery Market Drivers
Increasing Demand for Plastic Products
One of the major drivers of the Extrusion Machinery Market Industry is the growing demand for plastic products in various industries. Plastic products are popular in packaging, construction, automotive and other industries due to a number of reasons: plastics are lightweight durable, and cost-efficient. The growing population and urbanization combined with the rising disposable income results in the steadily growing demand for plastic products across the globe, which drives the growth of the extrusion machinery market.
Technological Advancements and Innovation
Technological advancements and innovation are continuously shaping the Extrusion Machinery Market Industry. Extrusion machinery manufacturers are investing in research and development to improve the efficiency, accuracy, and versatility of their machines. The adoption of automation, sensors, and data analytics enables manufacturers to optimize production processes, reduce waste, and enhance product quality. These advancements lead to increased productivity and cost savings, making extrusion machinery more attractive to manufacturers.
Growing Focus on Sustainability
The leading trend which is getting an impetus in the Extrusion Machinery Market Industry is the focus on sustainability. Both consumers and governments all over the world are becoming more concerned about plastic waste and its impact on the environment. Manufacturers are forced to address this issue and reduce their companies’ carbon footprint. Thereby, producers of extrusion machinery are launching energy-saving equipment and creating biodegradable materials to ensure the required safety performance.In the future, there will be an increase in the demand for this type of products.
Extrusion Machinery Market Segment Insights:
Extrusion Machinery Market Product Type Insights
The Extrusion Machinery Market is segmented by product type into plastic extrusion machinery, metal extrusion machinery, rubber extrusion machinery, ceramic extrusion machinery, and food extrusion machinery. Among these segments, the plastic extrusion machinery segment held the largest market share in 2023, accounting for over 55% of the global market revenue. This dominance is primarily attributed to the extensive use of plastic materials in various industries, including packaging, construction, and automotive. The plastic extrusion machinery segment is projected to maintain its leading position throughout the forecast period, driven by the increasing demand for plastic products and the development of advanced plastic extrusion technologies.The metal extrusion machinery segment is expected to witness significant growth over the forecast period. The growing demand for lightweight and durable metal components in industries such as automotive, aerospace, and construction is fueling the growth of this segment. The increasing adoption of metal extrusion processes for the production of complex and intricate metal parts is also contributing to the growth of this segment. The rubber extrusion machinery segment is anticipated to grow steadily during the forecast period. The increasing demand for rubber products in various industries, including automotive, construction, and healthcare, is driving the growth of this segment.The development of innovative rubber extrusion technologies and the growing use of rubber in various applications are further supporting the growth of this segment. The ceramic extrusion machinery segment is expected to experience moderate growth over the forecast period. The growing demand for ceramic materials in industries such as construction, electronics, and healthcare is fueling the growth of this segment. The increasing adoption of ceramic extrusion processes for the production of high-precision ceramic components is also contributing to the growth of this segment.The food extrusion machinery segment is anticipated to grow at a steady pace during the forecast period. The increasing demand for processed food products and the growing popularity of extruded snacks are driving the growth of this segment. The development of innovative food extrusion technologies and the increasing use of food extrusion processes for the production of various food products are further supporting the growth of this segment.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Extrusion Machinery Market Application Insights
Packaging segment captured largest market size of USD 9.4 billion in 2023 and is set to witness steady growth over the forecast period. Demand for flexible and rigid packaging solutions is increasing, driven by the rise of e-commerce, food beverages, and pharmaceuticals industries. Construction segment held a significant market share of 12.5% in 2023, valued at USD 4.6 billion. Growing demand for lightweight and durable building materials, such as plastic profiles and pipes, is propelling segment growth. Automotive segment is projected to exhibit a CAGR of 6.2% during the forecast period, reaching a market value of USD 4.6 billion by 2032.Increasing adoption of plastics in automotive components, such as interior parts, exterior panels, and under-the-hood applications, is driving segment growth. Consumer Electronics segment is estimated to grow at a CAGR of 5.3% over the forecast period. Rising demand for lightweight and portable electronic devices, such as smartphones, laptops, and tablets, is fueling segment growth. Medical segment is anticipated to witness a CAGR of 4.8% during the forecast period, reaching a market size of USD 3.2 billion by 2032. Growing demand for medical devices and disposables, such as catheters, tubes, and vials, is driving segment growth.
Extrusion Machinery Market Process Type Insights
The Extrusion Machinery Market is segmented by process type into blown film extrusion, cast film extrusion, sheet extrusion, profile extrusion, and pipe extrusion. Among these, the blown film extrusion segment is expected to account for the largest share of the market in 2023. This is due to the increasing demand for blown films in packaging applications, particularly in the food and beverage industry. The cast film extrusion segment is also expected to witness significant growth, owing to the rising demand for cast films in the construction and automotive industries.The sheet extrusion segment is projected to grow at a steady pace, driven by the increasing use of sheets in thermoforming and other plastic fabrication processes. The profile extrusion segment is expected to benefit from the growing demand for plastic profiles in construction, automotive, and other industries. The pipe extrusion segment is expected to witness moderate growth, driven by the increasing demand for plastic pipes in infrastructure and construction applications.
Extrusion Machinery Market Raw Material Insights
The raw material segment of the Extrusion Machinery Market is expected to exhibit significant growth over the forecast period. Polyethylene (PE) is projected to dominate the market, accounting for a major share of the revenue. The growing demand for PE in various applications, such as packaging, construction, and automotive, is driving the segment's growth. Polypropylene (PP) is another key raw material, widely used in industries like automotive, consumer goods, and packaging. The rising demand for lightweight and durable materials is fueling the growth of the PP segment.Polyvinyl Chloride (PVC) is also witnessing increasing adoption in construction, plumbing, and electrical applications, contributing to the segment's growth. Thermoplastic Elastomers (TPEs) and Ethylene Vinyl Acetate (EVA) are gaining traction in various industries due to their unique properties, such as flexibility, durability, and resistance to chemicals and wear. The increasing use of these materials in applications like footwear, automotive interiors, and medical devices is expected to drive the growth of their respective segments. Overall, the raw material segment of the Extrusion Machinery Market is set to witness robust growth, driven by the increasing demand for these materials across various industries.
Extrusion Machinery Market Regional Insights
The Extrusion Machinery Market is segmented into North America, Europe, APAC, South America, and MEA. Among these regions, North America accounted for the largest market share in 2023. The growth of the North American market is attributed to the increasing demand for extruded products in various industries such as automotive, building construction, and packaging. Europe is the second-largest market for extrusion machinery, followed by APAC. The APAC region is expected to witness the highest growth rate during the forecast period due to the increasing demand for extruded products in emerging economies such as China and India.South America and MEA are relatively smaller markets for extrusion machinery, but they are expected to grow at a steady pace in the coming years.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Extrusion Machinery Market Key Players And Competitive Insights:
Major players in Extrusion Machinery Market industry are focusing on developing innovative technologies to meet the evolving demands of customers. Leading Extrusion Machinery Market players are investing in research and development activities to enhance the efficiency and capabilities of their machinery. The Extrusion Machinery Market Competitive Landscape is characterized by intense competition among established players and emerging new entrants. To gain a competitive edge, companies are adopting strategies such as mergers and acquisitions, partnerships, and collaborations. Market participants are also focusing on expanding their geographic presence to cater to the growing demand from emerging economies.Krauss Maffei, a leading Extrusion Machinery Market company, has a strong global presence with manufacturing facilities in several countries. The company offers a wide range of extrusion machinery for various applications, including plastics, rubber, and food processing. Krauss Maffei is known for its innovative technologies and commitment to quality. The company's machinery is used by leading manufacturers worldwide, and it has a strong reputation for reliability and performance.Another key player in the Extrusion Machinery Market is Coperion. The company is headquartered in Germany and has a global presence. Coperion offers a comprehensive range of extrusion machinery for plastics, rubber, and chemicals processing. The company's machinery is known for its high quality and efficiency, and it is used by leading manufacturers in various industries. Coperion is committed to providing innovative solutions to meet the changing needs of its customers.
Key Companies in the Extrusion Machinery Market Include:
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Shanghai Jwell Machinery Co., Ltd.
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Milacron Holdings Corp
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Boy Machines (Suzhou) Co., Ltd.
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Yizumi Precision Machinery Co., Ltd.
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Engel Holding GmbH
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Sumitomo Heavy Industries, Ltd.
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Haitian International Holdings Limited
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Xinyu Plastic Machinery Co., Ltd.
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Demag Plastics Group
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BattenfeldCincinnati Austria GmbH
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Toshiba Machine Co., Ltd.
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Chen Hsong Holdings Limited
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KraussMaffei Group
Extrusion Machinery Market Industry Developments
The Extrusion Machinery Market is projected to reach USD 41.6 billion by 2032, exhibiting a CAGR of 6.7% from 2024 to 2032. Rising demand for extruded products in various end-use industries, including packaging, construction, and automotive, is driving market growth. Furthermore, advancements in extrusion technology, such as the development of multi-layer extrusion and co-extrusion techniques, are creating new opportunities for market expansion. Key industry participants are focusing on strategic collaborations and product innovations to gain a competitive edge. For instance, in January 2023, KraussMaffei announced a partnership with Borealis to develop advanced extrusion solutions for the automotive industry. Such developments are expected to shape the future landscape of the Extrusion Machinery Market.
Extrusion Machinery Market Segmentation Insights
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Extrusion Machinery Market Product Type Outlook
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Plastic Extrusion Machinery
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Metal Extrusion Machinery
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Rubber Extrusion Machinery
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Ceramic Extrusion Machinery
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Food Extrusion Machinery
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Extrusion Machinery Market Application Outlook
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Packaging
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Construction
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Automotive
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Consumer Electronics
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Medical
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Extrusion Machinery Market Process Type Outlook
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Blown Film Extrusion
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Cast Film Extrusion
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Sheet Extrusion
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Profile Extrusion
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Pipe Extrusion
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Extrusion Machinery Market Raw Material Outlook
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Extrusion Machinery Market Regional Outlook
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North America
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Europe
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South America
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Asia Pacific
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Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
21.74(USD Billion) |
| Market Size 2023 |
23.2(USD Billion) |
| Market Size 2032 |
41.6(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
6.7% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Shanghai Jwell Machinery Co., Ltd. ,Milacron Holdings Corp ,Boy Machines (Suzhou) Co., Ltd. ,Yizumi Precision Machinery Co., Ltd. ,Engel Holding GmbH ,Sumitomo Heavy Industries, Ltd. ,Haitian International Holdings Limited ,Xinyu Plastic Machinery Co., Ltd. ,Demag Plastics Group ,BattenfeldCincinnati Austria GmbH ,Toshiba Machine Co., Ltd. ,Chen Hsong Holdings Limited ,KraussMaffei Group |
| Segments Covered |
Product Type ,Application ,Process Type ,Raw Material ,Regional |
| Key Market Opportunities |
Advanced Packaging Flexible Manufacturing Bioplastics Automation Sustainability |
| Key Market Dynamics |
Increasing demand from plastic industry Rising urbanization Growing demand for packaging materials Technological advancements Industry 40 integration |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Extrusion Machinery Market was valued at USD 23.2 billion in 2023 and is expected to reach USD 41.6 billion by 2032, exhibiting a CAGR of 6.7% during the forecast period (2023-2032).
Asia-Pacific is expected to dominate the Extrusion Machinery Market, accounting for the largest market share. The growth in this region is attributed to the increasing demand for extruded products in various end-use industries, such as automotive, construction, and packaging.
Extrusion Machinery is used in a wide range of applications, including the production of pipes, tubes, profiles, sheets, and films. These products are used in various industries, including automotive, construction, packaging, and consumer goods.
The key competitors in the Extrusion Machinery Market include KraussMaffei, Coperion, Davis-Standard, Cincinnati Extrusion, and Haitian International.
The growth of the Extrusion Machinery Market is driven by several key trends, including the increasing demand for lightweight materials, the growing use of recycled materials, and the development of new extrusion technologies.
The Extrusion Machinery Market is faced with several challenges, including the high cost of raw materials, the volatility of energy prices, and the increasing competition from alternative manufacturing technologies.
The future outlook for the Extrusion Machinery Market is positive. The growing demand for extruded products, the development of new technologies, and the increasing adoption of sustainable manufacturing practices are expected to drive the growth of the market in the coming years.
Some of the recent developments in the Extrusion Machinery Market include the development of new high-performance materials, the integration of advanced sensors and controls, and the adoption of Industry 4.0 technologies.
The key opportunities for growth in the Extrusion Machinery Market include the increasing demand for extruded products in emerging markets, the development of new applications for extrusion technology, and the growing adoption of sustainable manufacturing practices.
The key challenges facing the Extrusion Machinery Market include the high cost of raw materials, the volatility of energy prices, and the increasing competition from alternative manufacturing technologies.
