According to IMARC Group, the global plastic extrusion machines market size reached US$ 6.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.5 Billion by 2028, exhibiting a growth rate (CAGR) of 4.6% during 2023-2028.
The report has segmented the market by region, machine type, process type, material, solution and application.
Request a Sample Report:- https://www.imarcgroup.com/plastic-extrusion-machines-market/requestsample
Factors Affecting the Growth of the Plastic Extrusion Machines Industry:
• Increasing Demand for Plastic Products:
Plastic products find extensive use across a wide range of industries, including packaging, construction, automotive, electronics, and consumer goods. As the demand for these products is growing, the need for plastic extrusion machines to manufacture them is rising. Plastic packaging materials, such as bottles, containers, and films, are in high demand due to their convenience, lightweight nature, and durability. Plastic extrusion machines are essential for producing these packaging materials in large quantities and with consistent quality.
• Technological Advancements:
Technological advancements are leading to the integration of advanced automation and control systems in plastic extrusion machines. These systems enhance precision, reduce human error, and optimize production efficiency, making the manufacturing process more streamlined and cost-effective. Energy-efficient technologies, including improved heating and cooling systems, have been incorporated into plastic extrusion machines. This not only reduces energy consumption but also lowers operational costs, making these machines more attractive to manufacturers.
• Infrastructure Development:
Plastic extruded products like pipes, profiles, and sheets are essential components in construction projects. They are used for plumbing, electrical conduit, insulation, and structural elements. The growing number of infrastructure development projects is leading to a higher demand for these products, driving the need for plastic extrusion machines. The increasing urbanization rates in many regions result in the construction of residential and commercial buildings, as well as infrastructure, such as roads and bridges. Plastic extrusion products find extensive use in these applications, contributing to the market growth.
Inquire before Buying:- https://www.imarcgroup.com/request?type=report&id=5304&flag=F
Plastic Extrusion Machines Market Report Segmentation:
By Machine Type:
• Single-screw
• Twin-screw
Twin-screw represented the largest segment as twin-screw extruders offer versatility and efficiency.
By Process Type:
• Blown Film Extrusion
• Sheet/Film Extrusion
• Tubing Extrusion
• Others
Blown film extrusion accounted for the largest market share due to its utilization in packaging and agricultural film production.
By Material:
• PVC
• Polypropylene (PP)
• Polyethylene (PE)
• Others
PVC exhibits a clear dominance in the market on account of its versatility and cost-effectiveness.
By Solution:
• New Sales
• Aftermarket
New sales hold the biggest market share as manufacturers frequently upgrade their machinery to benefit from technological advancements and improve production efficiency.
By Application:
• Building and Construction
• Medical
• Transportation
• Consumer Goods
• Others
Building and construction dominates the market as plastic extruded products like pipes, profiles, and sheets are essential in various construction applications.
Regional Insights:
• North America
o United States
o Canada
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
• Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Others
• Latin America
o Brazil
o Mexico
o Others
• Middle East and Africa
Asia Pacific enjoys the leading position in the plastic extrusion machines market due to rapid urbanization and infrastructure development.
Global Plastic Extrusion Machines Market Trends:
The growing emphasis on sustainability and eco-friendly materials is offering a favorable market outlook. As a result, the market is witnessing an increase in the adoption of plastic extrusion machines capable of processing recycled plastics and bio-based materials.
Manufacturers are incorporating advanced automation technologies and Industry 4.0 principles into plastic extrusion machines. This leads to improved precision, higher efficiency, and predictive maintenance capabilities.
Leading Companies Operating in the Global Plastic Extrusion Machines Industry:
• Apex Engineers
• Bausano & Figli S.p.A.
• China National Chemical Corporation
• Costruzioni Meccaniche Luigi Bandera SpA
• DEGUMA-SCHÜTZ GmbH
• Extrusion Technik USA Inc.
• Hillenbrand Inc.
• Kabra ExtrusionTechnik Ltd.
• Mitsuba Mfg. Co. Ltd.
• Reifenhäuser GmbH & Co. KG Maschinenfabrik
• Shibaura Machine Co. Ltd.
• The Japan Steel Works Ltd.
• Well Shyang Machinery Co. Ltd.
• Windsor Machines Limited
Other Key Points Covered in the Report:
• COVID-19 Impact
• Porters Five Forces Analysis
• Value Chain Analysis
• Strategic Recommendations
Browse More:-
Video Surveillance Systems Market:- https://www.imarcgroup.com/video-surveillance-systems-market
Digital Textile Printing Market:- https://www.imarcgroup.com/digital-textile-printing-market
Neurovascular Devices Market:- https://www.imarcgroup.com/neurovascular-devices-market
Rainscreen Cladding Market:- https://www.imarcgroup.com/rainscreen-cladding-market
Contact Us:
IMARC Services Private Limited.
134 N 4th St. Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
This release was published on openPR.
