Profiled in Extruders Market Size by Machine Type, End Use Industry, Region – Segment-Level Market Assessment, Growth Opportunity Analysis, Competitive Mapping & Forecast to 2030
Overview
Extruders Market size was valued at USD 8.20 Billion in 2023 and the total Extruders Revenue is expected to grow at a CAGR of 4.5 % from 2024 to 2030, reaching nearly USD 11.16 Billion in 2030.
Extruders Market Overview:
An ‘Extruder’ is an extruding machine that is used to extrude metals like copper, steel, aluminium and plastics. Some brittle metals extruded very easily through the extruder. The main function of an extruder is conversion of raw material directly into finished goods ready for supply and packaging.
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The main driver of market growth is the increase in demand for extruded products in the building and construction industry. The rapidly growing automotive industry, increasing demand in the packaging industry and growing extruders are contributing to the growth of the extrusion market. The growth of the middle class, the recovery of the global economy and the growth of global personal consumption fuelling the high demand for consumer goods are the main drivers of market development. Technological advances are emerging as an important trend in the extrusion market. Major companies in the market are focusing on developing their products using advanced technology to strengthen their positions.
Key companies in the Extruders market are focusing on developing innovative solutions including introducing new end extruders to gain competitive advantage. End extruders usually refer to specialized tools or equipment used in additive manufacturing processes, especially 3D printing. An example of the trend seen in November 2023, when Carol, an Italian company specialized in robotic large-scale polymer additive manufacturing, launched the "High Versatility" extruder. Designed specifically for Carol's large Heron AM rig, the extruder is used in a variety of applications including medium-sized gear, jigs, single gear, fasteners, architectural panels, furniture components and ship superstructures. The "High Versatility" extruder offers precision, efficiency and fast processing for a variety of thermoplastic pellets, including advanced compounds. It is an example of the industry's commitment to developing cutting-edge solutions to improve the versatility and performance of extruders on the market.
Extruders Market Dynamics:
Exploring the Intersection of Food Extrusion and Automotive Plastics Demand
The rising processes food sector are driving the food extrusion market. The population’s changing lifestyles and high disposable incomes have increased demand for ready-to-eat product varieties, saving time and effort. The need for extruded product types is also fuelled by increased per capita income and the growing tendency to snack between meals.
The rising plastics demands in the automotive industry are driven by the need for lightweight and fuel-efficient vehicles. Plastics are used in automotive applications, such as body panels, dashboards, door panels, and bumpers. Advancements in technology, such as improved automation and control systems, are enhancing the efficiency and effectiveness of food industry extruders. It is enabling manufacturers to produce a wider variety of products with higher precision and consistency, which is driving the market growth.
The Growing Influence of Extrusion Technology
Extrusion-based additive manufacturing (EB-AM) is a 3D fabrication process in which the material is heated and extracted through a nozzle before being deposited one layer at a time. It uses two types of technologies: filament and pellet extrusion. Filament extrusion machines entail transforming raw plastic pellets into a spool of filament; hence, these machines use limited materials. Pellet extrusion printers are more complex machines and use a screw inside a barrel. Screw feeds, transports, and melts the material before forcing it to be deposited at the required temperatures. Besides the complexities, a pellet extruder offers lower costs, higher speeds, and a wide variety of materials that can be used
Extrusion technology is gaining increasing popularity in the global agro-food processing industry, which employs mixing, forming, texturing, and cooking to develop a novel food product. Extrusion cooking is a high-temperature short-time (HTST) process that inactivates enzymes and reduces microbial contamination. Extrusion cooking is mostly preferred, as it has high productivity and significant nutrient retention as compared to conventional cooking.
Extruders Market Segment Analysis:
By Machine Type, Single screw has largest market share of 60% in 2023. The extruder includes the barrel, a screw that fits inside the barrel, a motor-drive system for rotating the screw, and a control system for the barrel heaters and motor speed. Many innovations in the construction of the components have been developed by machine suppliers in 2023. The single-screw extruder screw single flighted or multiple-flighted. Multiple-flighted screws with two or more helixes started on the core are very common on high-performance screws and on large-diameter melt-fed machines. Single screw extruders are usually divided into three zones: feeding, kneading, and cooling. Single-screw extruders, in contrast to twin-screw extruders, have limited mixing capabilities, necessitating pre-mixing or preconditioning of the ingredients.Single Screw Extruder Line Machines are offered for the extrusion of polyolefin (HDPE/LDPE/PLB Ducting, PP, PPR) PIPES. The extruder with screw diameters 25-120 mm is available for an output range of 5 Kg/hr to 1000 Kg/hr. The next-generation extruders with barrier screw and groove feed bush result in a higher output rate, homogeneous plasticizing, and less material slippage.
North America is one of the largest markets for single screw press equipment, mainly due to its strong presence in the packaging and automotive industries. Technological advances in extrusion design aimed at improving efficiency and effectiveness can be seen in the region. Europe has a significant market share due to the growing demand for single screw extruders in the construction industry.
Extruders Market Regional Insight
Asia Pacific region holds the largest share of 40% in Extruder market. China is the world’s leading producer of plastic extruders with a dominant market share. The country’s popular China plastic extrusion machine is known for its high quality and reliability, making it a popular choice for manufacturers worldwide. The plastic extruder industry is currently in the leading position in the world, with a market share of more than 50%. The dominance is attributed to a variety of factors, including the large number of extruder manufacturers in China, the country’s low labor costs, and China’s growing demand for plastics. Additionally, Chinese manufacturers quickly adopt new technologies, which helps them stay ahead of the competition.
As China’s economy continues to grow, so does the demand for plastic products. This has led to the rapid expansion of the plastic extruder industry which is currently having a major impact on the global market. Chinese extruders produce products at a lower cost than their counterparts in other countries, leading to a surge in demand for Chinese-made plastics. This could have a major impact on the global plastics market, with Chinese manufacturers likely to dominate the market for years to come. China’s plastic extruder has had a great influence on the global market. Their low prices and high quality have forced many Western manufacturers out of business, and this trend is likely to continue in the future. This has led to a situation where Chinese manufacturers now dominate the global plastic extruder market.
1. China imports most of its Twin-screw extruders from Germany, India, and Vietnam.
2. The top 3 importers of Twin screw extruders are India with 4,369 shipments followed by the United States with 1,013 and Vietnam at the 3rd spot with 568 shipments.
Owing to food regulations imposed by the US Food and Drug Administration (FDA), the North American market is likely to grow significantly through the forecast period. The increasing sales of single-screw food extruders is thanks to increased demand for processed foods and changing lifestyles regarding health safety and hazards in the United States, Canada, and Mexico. Growth in the food sector is expected to increase the consumption of processed product categories in Eastern and Southeastern European countries. Since domestic production is not sufficient to satisfy the demand of the European food industry, companies have had to import extruded snacks from other parts of the world to ensure a constant supply of raw materials.
Extruders Market Competitive Landscape:
1. In November 2023, Davis-Standard, a specialist in the extrusion equipment and services sector, reached a definitive agreement to acquire the Extrusion Technology Group (ETG) from entities controlled by the Dutch Investor Nimbus.
2. In September 2022, it was announced that the ISEC evo shredder-extruder combination developed by PURE LOOP enhances the recycled synthetic nonwoven content.
Scope of the Extruders Market: Inquire before buying
| Global Profiled in Extruders Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2023 | Forecast Period: | 2024-2030 |
| Historical Data: | 2018 to 2023 | Market Size in 2023: | US $ 8.20 Bn. |
| Forecast Period 2024 to 2030 CAGR: | 4.5% | Market Size in 2030: | US $ 11.26 Bn. |
| Segments Covered: | by Machine Type | Single Screw Extruder Twin Screw Extruder Ram Extruder |
|
| by End Use Industry | Building & Construction Transportation Consumer Goods Others |
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Profiled in Extruders Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Extruders Market Key Players:
1. Bühler Group - Switzerland
2. KraussMaffei Group - Germany
3. Leistritz AG - Germany
4. Davis-Standard, LLC - United States
5. Toshiba Machine Co., Ltd. - Japan
6. Milacron Holdings Corp. - United States
7. The Bonnot Company - United States
8. Wenger Manufacturing, Inc. - United States
9. Clextral SAS - France
10. American Kuhne - United States
11. Reifenhäuser Group - Germany
12. Macro Engineering & Technology Inc. - Canada
13. Steer Engineering Pvt. Ltd. - India
14. Groupe Gorgé - France
15. Thermo Fisher Scientific Inc. - United States
16. Battenfeld-Cincinnati Group - Austria
17. Everplast Machinery Co., Ltd. - Taiwan
18. USEON (Nanjing) Extrusion Machinery Co., Ltd. - China
Frequently Asked Questions:
1] What segments are covered in the Extruders Market report?
Ans. The segments covered in the Extruders Market report are based on Machine Type and End Use Industry.
2] Which region is expected to hold the highest share in the Extruders Market?
Ans. The North American region is expected to hold the highest share of the Extruders Market.
3] What is the market size of the Extruders Market by 2030?
Ans. The market size of the Extruders Market by 2030 will be $ 11.26 Billion.
4] What is the forecast period for the Extruders Market?
Ans. The Forecast period for the Extruders Market is 2024- 2030.