Summary
Major players in the extrusion machinery market are KraussMaffei Technologies GmbH, AMUT S.P.A., Hegler Plastik GmbH, Bausano & Figli S.p.A., Windsor Machines Pvt. Ltd., Milacron, Extrusion Technik USA Inc., Yean Horng Machinery Co. Ltd., Everplast Machinery Co. Ltd., Graham Engineering, Reifenhauser Inc., Kabra ExtrusionTechnik Ltd., Itib Machinery International, UNION Officine Meccaniche S.p.A, and BC Extrusion Holding GmbH.
The global extrusion machinery market is expected to grow from $7.31 billion in 2022 to $7.65 billion in 2023 at a compound annual growth rate (CAGR) of 4.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The extrusion machinery market is expected to grow to $9.02 billion in 2027 at a CAGR of 4.2%.
The extrusion machinery market consists of sales of rubber extruders, lab extruders, and catalyst extruders.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers.
The value of goods in this market includes related services sold by the creators of the goods.
Extrusion machinery refers to equipment that pushes or pulls material through a shaped die to create a continuous length of product with a predetermined cross-section. It is used to produce a large number of commercial products, which include steel or copper wire, plastic tubing, plastic sheets, and many food types.
North America was the largest region in the extrusion machinery market in 2022. The regions covered in the extrusion machinery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of extrusion machinery are single-screw and twin-screw.Single-screw extrusion refers to a device with just one screw in the extruder barrel.
The various materials involved are metals, polymers, concrete, ceramics and foodstuffs which are processed by cold extrusion, hot extrusion, friction extrusion, and other processes. They are used in construction, consumer goods, automotive, packaging and other end-uses.
The growing demand for plastic products is expected to boost the growth of the extrusion machinery market going forward.Plastic products refer to synthetically produced compounds that are made from polymers.
Plastic extrusion machines are used to shape plastic into the variety of shapes, sizes, and structures needed to produce a wide range of items.Hence, the growing demand for plastic products will result in demand for extrusion machinery.
For instance, according to the United Nations Environment Programme, a US-based authority for the environment with programs focusing on climate, nature, pollution, sustainable development, and more, the global primary plastic output is expected to increase to 1,100 million tons by 2050 from the current 400 million tons per year.And a whopping 36% of all plastics made are used in packaging, including single-use items for food and drink containers that are disposed of in landfills or as uncontrolled trash in a whopping 85% of cases.
Therefore, the growing demand for plastic products is driving the growth of the extrusion machinery market.
Product innovation is the key trend gaining popularity in the extrusion machinery market.Major companies operating in the extrusion machinery market are focusing on developing innovative products to strengthen their market position.
For instance, in September 2021, Uniloy Inc., a US-based blow molding machine and mold technology company, launched the all-electric Uniloy UCS.E continuous extrusion shuttle machine. The unique feature of UCS.E is its focus on producing bottles, containers, and technological components in sizes ranging from 50 ml to 30 l. Its processing capabilities allow users to create anything from small cosmetic containers to huge industrial packaging, and it has co-extrusion capabilities of up to 7 layers, including bio-resins and post-consumer resins (PCR). The UCS.E consumes 40% less energy than a conventional hydraulic shuttle machine due to Uniloy’s all-electric platform.
In June 2022, Kautec Solutions, a Spain-based manufacturer of all types of equipment for aluminum extrusion processes using innovative field and cloud-connected technologies, acquired Tecalex for an undisclosed amount.Through the acquisition, Kautec will have access to all of Tecalex’s knowledge, making Kautec the sole producer of extrusion equipment officially permitted to produce replacement parts and Tecalex-original components.
Tecalex is a Spain-based company dedicated to the manufacture of machinery for aluminum extrusion profiles.
The countries covered in the extrusion machinery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The extrusion machinery market research report is one of a series of new reports that provides extrusion machinery market statistics, including extrusion machinery industry global market size, regional shares, competitors with extrusion machinery market share, detailed extrusion machinery market segments, market trends, and opportunities, and any further data you may need to thrive in the extrusion machinery industry. This extrusion machinery market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
