The feed screw barrel market has experienced strong growth, with its size increasing from $1.63 billion in 2023 to $1.75 billion in 2024, at a compound annual growth rate (CAGR) of 7.3%. This growth is driven by the expansion in the packaging industry, increasing demand for extrusion processes, rising automation in manufacturing, higher demand for consumer electronics, and a growing need for aerospace components. The market is expected to continue its growth, reaching $2.35 billion by 2028 at a CAGR of 7.6%. This projected growth is attributed to the rising demand for recycled materials, the increasing need for customization, growing use of feed screw barrels in the food and beverage industry, and the demand for plastic products. Key trends in the forecast period include technological advancements, adoption of digital technologies, the impact of artificial intelligence, the growth of smart homes, and increasing partnerships within the industry.
Global Feed Screw Barrel Market Key Driver
The growing plastic industry is expected to propel the growth of the feed screw barrel market. The plastic industry involves producing, processing, and distributing plastic products across various sectors. The industry's growth is driven by increasing demand for plastic products and technological advancements. Feed screw barrels are crucial for extrusion and injection molding processes in the plastic industry. According to the British Plastics Federation, the UK's plastic products manufacturing industry grew from £20.19 billion ($26.25 billion) in 2020 to £22.01 billion ($28.61 billion) in 2021. Therefore, the growing plastic industry is driving the feed screw barrel market.
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Global Feed Screw Barrel Market Segments
The feed screw barrel market covered in this report is segmented –
1) By Product Type: Single Flight Screw Barrel, Double Flight Screw Barrel, Barrier Screw Barrel, Vented Screw Barrel
2) By Material: Bimetallic, Nitride, Alloy Steel, Other Materials
3) By Application: Extrusion, Injection Molding, Blow Molding, Compounding
4) By End-Use Industry: Plastics Processing, Food And Beverage, Chemical Processing
By Geography:The regions covered in the feed screw barrel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia-Pacific was the largest region in the feed screw barrel market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period.
Major Feed Screw Barrel Industry Players
Spirex Corporation, Milacron LLC, Windsor FeedScrews Inc., Entek International, Battenfeld-Cincinnati, Xaloy Inc., Wenger Manufacturing Inc., Hi-Tech Industries, Dynisco, Euro Tech Machinery, Reiloy USA, ADG Solutions Inc., Wexco Industries, W-J Incorporated, TWS. ltd, Concor Tool and Machine Inc., Precision Feedscrews Inc, American Screw and Barrel Inc., Raj Engineering Works, Candian Feed Screws Mfg.Ltd., TIR Feed Screws and Barrels, Cpm Extricom Extrusion Gmbh, Flite Technology, United Feed Screws, Rauwendaal Extrusion Engineering Inc., BR Engineering Works
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Feed Screw Barrel Market Overview
A feed screw barrel is a critical component used in various types of machinery for processing materials, such as plastic and rubber extrusion, injection molding, and food processing. It is essential in various industrial processes where materials need to be transported, melted, mixed, and shaped into final products.
Feed Screw Barrel Global Market Report 2023 provides data on the global feed screw barrel market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The feed screw barrel market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
