LAMEA Plastic Extrusion Machines Market

LAMEA Plastic Extrusion Machines Market Size, Share & Trends Analysis Report By Machine Type (Twin-screw, and Single-screw), By Solution (new sales, and Aftermarket), By Process Type, By Application, By Country and Growth Forecast, 2024 - 2031

Report Id: KBV-23197 Publication Date: June-2024 Number of Pages: 107
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Market Report Description

The Latin America, Middle East and Africa Plastic Extrusion Machines Market would witness market growth of 5.7% CAGR during the forecast period (2024-2031).

The Brazil market dominated the LAMEA Plastic Extrusion Machines Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $168.7 million by 2031. The Argentina market is showcasing a CAGR of 6.6% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 5.3% during (2024 - 2031).

LAMEA Plastic Extrusion Machines Market

The packaging industry is another significant market for plastic extrusion machines. The rise of e-commerce and consumer goods has heightened the need for efficient and cost-effective packaging solutions. Plastic films and sheets produced through extrusion are widely used in packaging applications, offering excellent barrier properties, flexibility, and visual appeal.

Additionally, medical and healthcare applications also rely heavily on plastic extrusion machines. The medical sector demands high-quality, precise, and reliable plastic products for various applications, including medical tubing, catheters, and packaging for pharmaceutical products.

Urbanization and the growing demand for a variety of consumer goods have emerged as the primary factors that are driving the demand for plastics in this region. Africa is experiencing rapid urbanization, with cities like Lagos in Nigeria and Nairobi in Kenya expanding rapidly. Infrastructure development in these regions is critical to accommodate the growing urban populations. The Lagos State government has embarked on several infrastructure projects in Nigeria, including constructing new housing units and developing a light rail system.

Free Valuable Insights: The Worldwide Plastic Extrusion Machines Market is Projected to reach USD 9.5 Billion by 2031, at a CAGR of 4.6%

Based on Machine Type, the market is segmented into Twin-screw, and Single-screw. Based on Solution, the market is segmented into New sales, and Aftermarket. Based on Process Type, the market is segmented into Blown Film Extrusion, Tubing Extrusion, Sheet/Film Extrusion, and Others. Based on Application, the market is segmented into Building & construction, Transportation, Consumer Goods, Medical, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

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List of Key Companies Profiled

  • Sinochem Holdings Corporation Ltd. (SASAC)
  • Bausano & Figli S.p.A.
  • Costruzioni Meccaniche Luigi Bandera SpA
  • Kabra ExtrusionTechnik Ltd.
  • Hillenbrand, Inc.
  • Reifenhauser Group
  • Japan Steel Works, Ltd.
  • Shibaura Machine Co. Ltd.
  • UNION Officine Meccaniche s.p.a.
  • Windsor Machines Pvt. Ltd.

LAMEA Plastic Extrusion Machines Market Report Segmentation

By Machine Type

  • Twin-screw
  • Single-screw

By Solution

  • New sales
  • Aftermarket

By Process Type

  • Blown Film Extrusion
  • Tubing Extrusion
  • Sheet/Film Extrusion
  • Others

By Application

  • Building & construction
  • Transportation
  • Consumer Goods
  • Medical
  • Others

By Country

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA
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