Plastic Extrusion Machines Market

Global 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 Regional Outlook and Forecast, 2024 - 2031

Report Id: KBV-23194 Publication Date: June-2024 Number of Pages: 249
2023
USD 6.7 Billion
2031
USD 9.5 Billion
CAGR
4.6%
Historical Data
2020 to 2022

Market Report Description

The Global Plastic Extrusion Machines Market size is expected to reach $9.5 billion by 2031, rising at a market growth of 4.6% CAGR during the forecast period.

The booming manufacturing sector in countries like China and India drives the demand for plastic products used in packaging, construction, and various other industries. Thus, the Asia Pacific region acquired 40% revenue share in the market 2023. This, in turn, fuels the need for extrusion machines. The region's focus on cost-effectiveness often makes plastic an attractive material choice compared to alternatives. This affordability factor translates to a high demand for plastic extrusion machinery.

Plastic Extrusion Machines Market Size - Global Opportunities and Trends Analysis Report 2020-2031

The affordability of plastic as a material is a key factor driving the competitive pricing of plastic products. Raw plastic resins are generally less expensive than metals or wood. This translates directly into lower production costs for the final plastic good. Additionally, the extrusion process itself is quite efficient.

Additionally, the lightweight nature of plastic reduces transportation costs and simplifies handling and installation, making it an economically viable choice for large-scale construction projects. Therefore, the growth of the construction industry will aid in the market's growth.

However, the plastic extrusion industry is especially susceptible to volatile raw material prices, notably polymers and resins. Industry relies heavily on these materials, which form the basis of plastic products and can constitute a significant portion of production costs. Thus, the price volatility may deter the expansion of the market.

Driving and Restraining Factors
Plastic Extrusion Machines Market
  • Competitive pricing and cost advantages
  • Innovations in plastic extrusion technology
  • Growth in the construction industry
  • High initial cost of purchasing and setting up machines
  • Volatility in raw material prices
  • Rising urbanization and infrastructure development
  • Rapid expansion of the automotive industry
  • Competition from alternative technologies
  • Technological challenges regarding continuous updates and investments

Machine Type Outlook

On the basis of machine type, the market is classified into single-screw and twin-screw. The single-screw segment recorded 46.1% revenue share in the market in 2023. Single-screw extruders are widely used in the industry due to their simplicity, lower cost, and ability to process a wide range of materials.

Solution Outlook

Based on solution, the market is segmented into new sales and aftermarket. The new sales segment procured 73.8% revenue share in the market in 2023. This is partially due to the ongoing demand for new plastic extrusion machines to satisfy the expanding requirements of various industries.

Plastic Extrusion Machines Market Share and Industry Analysis Report 2023

Process Type Outlook

By process type, the market is divided into blown film extrusion, sheet/film extrusion, tubing extrusion, and others. The tubing extrusion segment garnered 26.9% revenue share in the market in 2023. Tubing extrusion is used to manufacture plastic tubes and pipes for plumbing, medical devices, and automotive components.

Application Outlook

building & construction, and others. The building & construction segment garnered 33% revenue share in the market in 2023. Extrusion processes are employed to manufacture pipes, profiles, and insulation materials among the plastic products in high demand in the construction industry.

Free Valuable Insights: Global Plastic Extrusion Machines Market size to reach USD 9.5 Billion by 2031

Regional Outlook

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America segment witnessed 26.2% revenue share in the market in 2023. North American manufacturers are at the forefront of developing innovative extrusion technologies, leading to a demand for advanced machinery.

Plastic Extrusion Machines Market Report Coverage
Report Attribute Details
Market size value in 2023 USD 6.7 Billion
Market size forecast in 2031 USD 9.5 Billion
Base Year 2023
Historical Period 2020 to 2022
Forecast Period 2024 to 2031
Revenue Growth Rate CAGR of 4.6% from 2024 to 2031
Number of Pages 249
Number of Tables 450
Report coverage Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives
Segments covered Machine Type, Solution, Process Type, Application, Region
Country scope
  • North America (US, Canada, Mexico, and Rest of North America)
  • Europe (Germany, UK, France, Russia, Spain, Italy, and Rest of Europe)
  • Asia Pacific (China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific)
  • LAMEA (Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA)
Companies Included 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., and Windsor Machines Pvt. Ltd.
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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.

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 Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Frequently Asked Questions About This Report

This Market size is expected to reach $9.5 billion by 2031.

Competitive pricing and cost advantages are driving the Market in coming years, however,Volatility in raw material prices restraints the growth of the Market.

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., and Windsor Machines Pvt. Ltd.

The expected CAGR of this Market is 4.6% from 2023 to 2031.

The Twin-screw segment is leading the Market by Machine Type in 2023; thereby, achieving a market value of $5.1 billion by 2031.

The Asia Pacific region dominated the Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $3.9 billion by 2031.

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