The Extruders Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Extruders Global Market Report 2024, The extruders market size has grown strongly in recent years. It will grow from $9.92 billion in 2023 to $10.43 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to plastic industry expansion, demand for food processing equipment, development in construction materials, increasing application in pharmaceuticals, growing awareness of recycling.
The extruders market size is expected to see strong growth in the next few years. It will grow to $12.85 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to sustainable and biodegradable materials, 3D printing filament production, demand for energy-efficient machinery, biomedical material processing, rapid prototyping in aerospace. Major trends in the forecast period include digitalization and industry 4.0, advancements in technology, rise in 3D printing extruders, increased adoption of twin-screw extruders, growing application in medical extrusion.
The increase in the packaging industry is expected to propel the growth of the extruders market going forward. Packaging refers to the process of enclosing or protecting a product in a container in order to facilitate distribution, identification, storage, promotion, and usage. Extrusion is a commercially effective technique that is increasing in demand across the food sector, including food processing, digital food marketing, and food packaging. For instance, in October 2021, according to a report released by Invest India, an Indian-based national investment promotion and facilitation agency, the packaging sector in India is developing at a CAGR of 22% to 25%. Furthermore, according to the Flexible Packaging Association, a US-based association of manufacturers of flexible packaging; and material or equipment suppliers to the industry, 2021, the US Flexible Packaging market generated $39 billion in sales in 2021. Therefore, the increasing packaging industry is driving the demand for the extruders market.
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The extruders market covered in this report is segmented –
1) By Type: Single-Screw Extruder, Twin-Screw Extruder, Ram Extruder
2) By End-User: Building and Construction, Transportation, Consumer Goods, Other End-Users
Major companies operating in the extruder market are focusing on developing innovative solutions, such as new end-effector extruders, to gain a competitive advantage. End-effector extruders typically refer to a specific type of tool or device used in additive manufacturing processes, specifically in 3D printing. For instance, in November 2023, Carol, an Italy-based robotic large-format polymer additive manufacturing company, launched the ‘High Versatility’ extruder. It is designed for its large Heron AM platform and is used for a wide range of applications, such as mid-sized tools, jigs, single tools, fixtures, architectural panels, furniture components, and marine superstructures. It provides accuracy, efficiency, and rapid processing capabilities for various thermoplastic pellets, including advanced composite materials.
The extruders market report table of contents includes:
1. Executive Summary
2. Extruders Market Characteristics
3. Extruders Market Trends And Strategies
4. Extruders Market – Macro Economic Scenario
5. Global Extruders Market Size and Growth
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26. South America Extruders Market
27. Brazil Extruders Market
28. Middle East Extruders Market
29. Africa Extruders Market
30. Extruders Market Competitive Landscape And Company Profiles
Top Major Players:
- Hillenbrand Inc
- Nordson Corporation
- The Japan Steel Works Ltd
- Kraussmaffei Group GmbH
- Coperion GmbH
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