Extrusion Machinery Market - By Type (Single Screw Extrusion, Twin Screw Extrusion), By Material (Metals, Polymers, Concrete, Ceramics, And Foodstuffs), By Application (Automotive, Construction, Packaging and Other) - Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Extrusion Machinery Market held USD 6555.1 million by 2020 and is to grow with a CAGR of 4.0% from 2020-2030. The procedure used in the making items with a standard cross-sectional profile is called extrusion. The material to be extruded is forced into the desired cross-section by a die. Both the extrusion process and the continuous cycle can be semi-continuous. This can be achieved on both hot and cold products. Metals, polymers, concrete, ceramics and foodstuffs are commonly extruded materials. Developments in molding techniques have resulted in diverse products like joints, structural components, brake components, housing units, fuel tanks, suspensions and motor frames being produced, which will be held dresponsible for the growth of global extrusion machinery market. It was also noted that the market for laminating lines and extrusion coating  from different packaging industries such as flexible packaging, liquid packaging, and the medical packaging industry is growing, which will result in growth of global extrusion machinery market. Extrusion coating is also used to render sacks to load a wide variety of items, such as cement, cereal grain and dry chemicals.

Market Dynamics and Factors:

The growing popularity of the additive manufacturing process worldwide will drive growth prospects for the global extrusion machinery market for in the coming years. This development method is often used in the process of extrusion, because it can generate complex geometries with details. The method where extrusion happens layer by layer is called fuse deposition modeling (FDM), which is similar to the technique of 3D printing. This technology can also be used in materials like acrylonitrile butadiene styrene (ABS) and nylon. In addition, a key advantage of FDM is that it uses ABS plastic which is readily available, resulting in the development of good structural properties of products. Strict regulations on the degradation and recycling of traditional materials such as metal and wood are expected to drive increased demand for plastics from the construction industry in isolation, pipes, wires, walls, windows and storage tanks, among others, thus restraining the global extrusion machinery market growth.

Market Segmentation:

Based on the type, the global extrusion machinery market is segmented into single screw extrusion, twin screw extrusion. On the basis of material, the market is segmented into metals, polymers, concrete, ceramics, and foodstuffs, On the basis of application, the global extrusion machinery market is divided into automotive, construction, packaging and other. The segment of single-screw extrusion machines held the highest market share and will continue to affect the global extrusion machinery market in upcoming years. Some of the helpful features of these machines are that they are feasible for extrusion process of less complex ingredients and small-scale manufacturing, generate high friction heat, demonstrate short life, and show low adaptability. Geographic bifurcation of global extrusion machinery market includes regions like North America, Europe, Asia-Pacific, and RoW.

Geographic Analysis:

The US is driving the growth in the area of North America, as it is the world's largest sector. The Asia-Pacific region, owing to rapid growth in markets such as India and China, offers considerable market growth opportunities for global extrusion machinery market.

Competitive Scenario:

The key players of global extrusion machinery market are Poly Machinery Works, Amut, Leader Extrusion Machinery, Hans Weber Maschinenfabrik, Toshiba, Bausano & Figli, Everplast Machinery, Vulcan Extrusion, Reifenhauser Group, Yean Horng Machinery Zhangjiagang Baixiong Klimens Machinery, Kabra Extrusion technik, Corma Inc, Cds Machines,  Itib Machinery International, Hegler, and Nanjing Haisi Extrusion Equipment.

Extrusion Machinery Market Report Scope