Plastic Extrusion Machine Market Size, Share & Trends Analysis Report By Type (Single-screw, Twin Screw), By End-use (Construction, Automotive, Consumer Goods), By Region, And Segment Forecasts, 2023 - 2030

Report Overview

The globalplastic extrusion machine market sizewas estimated atUSD 6,408.4 million in 2022and is expected to expand at a compound annual growth rate (CAGR) of 4.4% from 2023 to 2030. Growing demand for plastic products and high investment in the construction industry are anticipated for market growth over the forecast period. Recent years have seen a rise in the use of plastic extrusion machines across various industries due to their efficiency, user-friendliness, increased flexibility, and superior production quality. Energy conservation is becoming increasingly popular, which is anticipated to increase demand for plastic extrusion equipment globally.

塑料挤出机的市场growing as energy saving awareness rises on a global scale. In order to fuel market expansion, twin-screw plastic extrusion machine manufacturers are increasingly concentrating on creating effective and dependable machines. For instance, Japan Steel Works (JSW) produces the TEX series of twin-screw extruders, which offers superior degassing & kneading performance for direct film/sheet processing. Additionally, it is anticipated that increased manufacturing rates and quick production using plastic extrusion will support the expansion of the global market for plastic extrusion machines.

Household appliances have been the largest application segment of plastics in the past few years. Expanding urban settlements, increasing immigration, and ongoing fast-paced modern lifestyles will positively impact the demand for household appliances over the forecast period. Manufacturers of plastic extrusion products benefited during the U.S.-China trade dispute because tariffs imposed on cheaper imports from China raised demand for American-made goods. Moreover, the pandemic prompted plastic part manufacturers to resort to automation and increase the use of robotics in manufacturing. The manufacturing of household appliances is likely to increase, thereby augmenting the growth of the plastic extrusion machine market.

According to International Energy Agency, in 2021 the U.S. battery electric vehicle stock reached 1.3 million units, which increased by 18.2% as compared to 2020. Moreover, increased investment in electrifying to U.S. road transportation system will further create new opportunities for extruder manufacturers. For instance, in October 2022, ENTEK received USD 200 million grant from the U.S. Department of Energy (DOE) for the construction of a new lithium separator plant, in the U.S. the investment was aimed at improvement of ENTEK’s current production capacity to supply material for 1.4 millionelectric vehiclesannually. The growing EV industry in the U.S. is expected to increase the demand for plastic extruded components and in turn, is likely to increase the demand for plastic extruders in the country.

The Russia and Ukraine war has brought the role of electric vehicles in reducing dependency on the oil demand to the front. Many governments has announced pledges to reduce oil consumption by 1.6 million barrels per day of oil by 2025, and 4.6 by 2030 and made a significant investment in EV infrastructure to promote the lower emission vehicle. For instance, in March 2022, the government of Canada announced USD 1.30 Billion in incentives for zero-emission vehicles, or ZEV sales. The U.S. federal government announced they have a target to include 50% electric vehicle sales of automotive vehicle by 2030 and 500 thousand EV public chargers. The abovementioned factors will create significant opportunities for plastic extruder parts and drive market expansion.

Plastic extruded parts provide a solution for high volume and cost-efficiency. The recent trend of lightweight in the automotive industry to enhance fuel efficiency has resulted in increased use of plastic extruded parts coupled with the growing adoption of extruded products in the packaging industry is projected to drive the market of extrusion machinery in the U.S. & Canada over the forecast period.

Type Insights

The single screw type segment accounted for 63.2% of the global revenue share in 2022. Single screw extruders are expected to dominate the plastic extrusion machine market over the forecast period. They offer low noise emission, continuous output, compact design, low cost, and easy operation. Single screw extruders have a wide range of applications in the production of numerous products including rubber sheets for conveyors, automobile tires,plastic film/sheet, cling films, thermal insulation board, food storage bags, rotor blades for wind turbines, window frames, weather stripping, house siding, pipe, and tubes.

双螺杆挤压机械有一个高水平的process flexibility along with the capability to handle numerous processes including mixing, melting, cooking, cooling, and venting. This machinery is highly energy efficient and has about 30% lower power consumption than a single screw extruder. Twin screw extrusion machinery offers numerous advantages such as excellent compounding ability, easy material feeding, excellent exhaust ability, and high productivity.

End-use Insights

The construction end-use segment dominated and accounted for 31.8% of the global revenue share in 2022. The use of plastic extruded products in the construction industry has been significantly influenced by the rising investment in the housing sector. The growth of the construction industry in the Asia Pacific, North America and Europe has resulted in an increased demand for plastic extruded products including window frames, curtain walling, door frames, roofing & exterior claddings,canopies, space frame systems, and arches, thereby driving the demand for plastic extrusion machine in the construction industry.

塑料挤出机有各种各样的美联社plications in producing numerous consumer goods such astelevisions, computers, lighting, refrigerators, music players, ladders, toys, furniture, bottles, sporting goods, pet accessories, and containers. In the past few years, most of the traditional materials, such as glass, wood, and metal have been replaced by high-quality plastics, thereby augmenting the demand for plastic extrusion machine.

Plasticsplays an important role in the automotive industry. Factors such as high tensile strength, chemical resistance, lightness in weight, mold ability, corrosion resistance, low cost, and high-temperature endurance led to the increased adoption of plastic material in the automotive industry. Plastics such as Polypropylene, ABS, and High Impact Polystyrene (HIPs) are commonly used to produce extruded products for the automotive industry.

Increasing demand for processed food, consumer goods, and beverages is a major factor driving the packaging industry. Rising demand for packaging in the pharmaceutical and food sectors is expected to further complement the market growth. Plastics are gaining importance in packaging owing to corrosion resistance, temperature resistance, durability, and ability to withstand wear & tear.Polyethylene terephthalate, polyethylene terephthalate glycol, High Impact Polystyrene, and polypropylene are commonly used to produce extruded products in the packaging industry.

Regional Insights

Asia Pacific dominated and accounted for 41.1% of the global market's revenue in 2022 as a result of consumer desire for supple and soft plastic products. Additionally, there is a constant need for plastic extrusion equipment in nations like China and India due to the existence of numerous small- to medium-sized manufacturing sectors including packaging, the automobile industry, consumer goods, and others that demand extruded plastic products of the highest quality.

North America accounted for over 19.0% of the global revenue in 2022 owing to the strong presence of various small and medium-sized end-use manufacturing industries, including packaging, consumer goods, construction, and automotive, among others, that require high-quality extruded components.

Key Companies & Market Share Insights

Plastic extrusion machine market is employing a variety of methods, including as acquisitions, mergers, joint ventures, new product development, and geographical growth, to increase market penetration and meet changing technical demand from end-use industries such as construction, consumer goods, automotive, packaging, medical, electronics, and others.

For instance, in July 2022, Graham Engineering Acquires Kennedy Tool & Die. Kennedy will remain to have operations in Birdsboro and will offer key contributions to Graham Engineering maintenance business. The acquisition will help company to support its consumers throughout the life of their extrusion system Some prominent players in the plastic extrusion machine market include:

• KraussMaffei

• Milacron

• 日本钢铁厂有限公司.

• NFM / Welding Engineers, Inc.

• BC Extrusion Holding GmbH

• WENGER MANUFACTURING

• Davis Standard

• Extrusion Technik USA, Inc.

• Graham Engineering

• AMUT S.P.A.

Plastic Extrusion Machine Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 6,637.0 million
Revenue forecast in 2030	USD 9,020.8 million
Growth rate	CAGR of 4.4% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 - 2021
Forecast period	2023 - 2030
Quantitative units	Revenue in USD million and CAGR from 2023 to 2030
Report coverage	Revenue forecast, company market position analysis, competitive landscape, growth factors, and trends
Segments covered	Type, end-use, region
Regional scope	North America; Europe; Asia Pacific; Central & South America; Middle East & Africa
Country Scope	U.S.; Canada; Mexico; Germany; France; Italy; UK; China; Japan; India; Australia; Brazil; Argentina; Saudi Arabia; South Africa
Key companies profiled	KraussMaffei;Milacron;日本钢铁厂有限公司.; NFM / Welding Engineers, Inc.; BC Extrusion Holding GmbH; WENGER MANUFACTURING; Davis Standard; Extrusion Technik USA, Inc.; Graham Engineering; AMUT S.P.A.
Customization scope	Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs.Explore purchase options

Global Plastic Extrusion Machine Market Report Segmentation

This report forecasts revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the plastic extrusion machine market on the basis of type, end-use and region:

• TypeOutlook(Revenue, USD Million; 2018 - 2030)

  • Single-Screw

  • Twin Screw

  • Others

• End-use Outlook(Revenue, USD Million; 2018 - 2030)

  • Construction

  • Consumer Goods

  • Automotive

  • Packaging

  • Medical

  • Electronics

  • Others

• Regional Outlook (Revenue, USD Million; 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

  • Asia Pacific

    • China

    • India

    • Japan

    • Australia

  • Central & South America

    • Brazil

    • Argentina

  • Middle East & Africa

    • Saudi Arabia

    • South Africa