What Has Been the Growth Trajectory of the Extrusion Machinery Market?
The extrusion machinery market has seen considerable growth due to a variety of factors.
• In recent times, the size of the extrusion machinery market has been progressively increasing. It is estimated to expand from a value of $7.9 billion in 2024, escalating to $8.25 billion in 2025, reflecting a compound annual growth rate (CAGR) of 4.4%. Factors contributing to this growth during the historic period include increased industrialization and manufacturing output, heightened construction activity, market demand, competitive scenarios, and changes in the cost of raw materials.
What Is The Expected Growth In The Extrusion Machinery Market?
The Extrusion Machinery market is expected to maintain its strong growth trajectory in upcoming years.
• The scale of the extrusion machinery market is poised for significant expansion in the upcoming years. By 2029, it's predicted to reach $10.15 billion, with a compound annual growth rate (CAGR) of 5.3%.
Various factors like sustainability measures, increased market demand, global trade conditions, customization needs, and energy efficiency are fueling this growth for the forecasted period. Key trends to watch out for during this period include market growth, meeting customization and adaptability needs, energy efficiency and sustainability, market unification and rivalry, and advancements in technology.
What Main Forces Are Fueling Expansion In The Extrusion Machinery Market?
The increasing consumer need for plastic goods is anticipated to accelerate the expansion of the extrusion machinery market in future. Artificially produced composites derived from polymers are commonly referred to as plastic products. These products require plastic extrusion machines for their formation into a variety of sizes, shapes, and structures. Therefore, the escalating demand for plastic products will inevitably increase the need for extrusion machines. For instance, the United Nations Environment Programme, a US-based environmental authority specializing in climate, nature, pollution, and sustainable development, posits that global primary plastic production could reach 1,100 million tons by 2050 from the 400 million tons per annum currently. Astonishingly, 36% of all fabricated plastics constitute packaging materials, including single-use food and beverage containers, which are discarded in either landfills or as litter in up to 85% of situations. Consequently, the extrusion machinery market's growth is being propelled by the burgeoning demand for plastic commodities.
What Are The Primary Segments In The Global Extrusion Machinery Market?
The extrusion machinery market covered in this report is segmented –
1) By Type: Single-Screw, Twin-Screw
2) By Material: Metals, Polymers, Concrete, Ceramics, Foodstuffs
3) By Process: Cold Extrusion, Hot Extrusion, Friction Extrusion, Other Processes
4) By End-Use: Construction, Consumer Goods, Automotive, Packaging, Other End-Uses
Subsegments:
1) By Single-Screw: General-Purpose Single-Screw Extruders, Barrier Screw Extruders, Co-Rotating Single-Screw Extruders
2) By Twin-Screw: Co-Rotating Twin-Screw Extruders, Counter-Rotating Twin-Screw Extruders, Intermeshing Twin-Screw Extruders
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Which Key Trends Are Driving Changes In The Extrusion Machinery Market?
In order to adapt to the evolving demands of the industry and enhance overall effectiveness, key players in the extrusion machinery market are concentrating their efforts on the creation of cutting-edge, technologically advanced products, such as advanced extrusion machinery. These innovative machines are designed to systematically shape and process materials, in particular plastics and metals, by applying heat and pressure, resulting in high quality, uniform products with improved efficiency and precision. As a concrete example, in January 2024, the Spanish-based aluminum products manufacturer, Exlabesa, inaugurated a new extrusion line at its fresh plant in Portugal. The company has upgraded its extrusion capability with the inclusion of an impressive 2,800-ton line at its newly built facilities in Coimbra, Portugal. This new line can handle all the 6000 series alloys (including 6005, 6060, 6061, 6063, 6082, 6101, and 6106) to create billets with a diameter of up to 8 inches. Aside from producing high-quality, intricate profiles, the new line also significantly enhances industrial process optimization and boosts energy efficiency.
Who Are the Key Players In The Extrusion Machinery Market?
Major companies operating in the extrusion machinery market include:
• KraussMaffei Technologies GmbH
• AMUT S.P.A.
• Hegler Plastik GmbH
• Bausano & Figli S.p.A.
• Windsor Machines Pvt. Ltd.
• Milacron LLC
• Extrusion Technik USA Inc.
• Yean Horng Machinery Co. Ltd.
• Everplast Machinery Co. Ltd.
• Graham Engineering Corporation
• Reifenhauser Inc.
• Kabra ExtrusionTechnik Ltd.
• ITIB MACHINERY INTERNATIONAL s.r.l.
• UNION Officine Meccaniche S.p.A.
• BC Extrusion Holding GmbH
• The Japan Steel Works Ltd.
• Welding Engineers Inc.
• Davis-Standard LLC
• Coperion GmbH
• Leistritz AG
• SMS group GmbH
• Toshiba Machine Co. Ltd.
• Gneuss Kunststofftechnik GmbH
• Macro Engineering & Technology Inc.
• Nanjing Haisi Extrusion Equipment Co. Ltd.
• USEON (Nanjing) Extrusion Machinery Co. Ltd.
• CPM Extrusion Group
• Bandera Luigi Costruzioni Meccaniche S.p.A.
• BREYER Maschinenfabrik GmbH
• Plasmec S.p.A.
• SML Maschinengesellschaft mbH
• Sino-Alloy Machinery Inc.
• R&B Plastics Machinery LLC
• Sarei Machinery & Mould Co. Ltd.
What Is The Most Dominant Region In The Extrusion Machinery Market?
North America was the largest region in the extrusion machinery market in 2024. The regions covered in the extrusion machinery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
