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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Extruders Market size was valued at US$ 8,793.2 million in 2023 and is anticipated to grow at a CAGR of 5.8 % over 2024-2030. The Extruders Market refers to the industry involved in the manufacturing and distribution of extrusion machinery and equipment. Extruders are versatile instruments used in a variety of industries to force materials through a die to shape and mold them. They are vital for industries including building, food processing, pharmaceutical manufacture, and extrusion of plastic and rubber. Extruders consist of a screw mechanism that rotates within a barrel. The material is fed into the extruder, where it is heated, melted, and then pushed through a die to create a desired shape or form. The extrusion industry serves a wide range of sectors, including packaging, automotive, building and construction, aerospace, and consumer products. Extruder demand is primarily driven by the requirement for efficient and cost-effective production processes capable of producing high-quality goods with uniform dimensions and features.
Moreover, the extruders market is expanding rapidly as a result of technological breakthroughs, raising demand for plastic and rubber goods, and the requirement for energy-efficient and ecologically friendly production solutions. Additionally, the introduction of extrusion-based additive manufacturing and 3D printing technologies has created new potential for extrusion processes, boosting extrusion market growth even further. However, the setup and installation of extrusion machines necessitate a large initial expenditure, which can be viewed as a major limitation of the extruder industry, particularly for small and medium-sized businesses. The market for extruders is extremely competitive, with several global and regional competitors offering a wide range of goods and services. Key market players prioritize R&D operations to deliver novel solutions and meet the changing demands of industries. For instance, in June 2019, Bühler introduced a new Single-Screw Extruder designed to give exceptional product quality to the pet food and aqua feed sectors.
Study Period
2024-2030Base Year
2023CAGR
5.8%Largest Market
Asia PacificFastest Growing Market
Asia Pacific
Extruders have been used in everything from guttering, piping, fascias and soffits though to more specific applications such as insulation and protective housings for cabling and electronics. The construction industry is heavily dependent on the use of plastic extrusions, as PVC and other plastics are used as lightweight, flexible alternatives to more traditional building materials. Aluminium extrusions are used widely within the building industry. The strength, low density, corrosion resistance and design flexibility of aluminium make it an ideal material for building applications ranging from a louvre blade in an air conditioning system to a structural support in a roofing system. Hence, increasing demand for extruders from construction industry is fueling the market growth. As extruded products has less nutritional components and are not rich in terms of nutrition such as minerals, vitamins etc which is the major factor limiting the market growth. Demand may affect from the side of health conscious consumers if companies does not focus on nutritional content.
Asia Pacific accounted for larger revenue share in global extruders market with considerable CAGR due to easy availability of feedstock for manufacturing plastic and metal products. Rising disposable income of consumers, growing population and rapid urbanization are other factors responsible for the market growth.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 8,793.2 million |
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Market CAGR |
5.8% |
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By Type |
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By End User |
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By Region |
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The global extruders market was valued at US$ 8,793.2 million in 2023
The extruders market key players are Battenfeld-Cincinnati (Germany) Clextral (France) Coperion GmbH (Germany) Davis-StandardLLC (US) KraussMaffei (Germany) LEISTRITZ AG (Germany) Milacron Holdings Corp. (US)
Asia Pacific is the fastest growing region for the extruders market
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.