Global Twin Screw Extruders Market: Growth Continues to be Driven by Emerging Pharmaceutical Applications

Future outlook twin screw extruders market seems stable, according to a report, titled “Twin Screw Extruders Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025”, which is recently added to Market Research Reports Search Engine’s (MRRSE) vast repository. Revenues from the twin screw extruders market are likely to reach nearly US$ 1.15 Bn by 2025-end.

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Twin screw extruders seek high employment in transforming viscous polymeric media to produce structured products, on account of their increased efficiency. Technological advancements in the twin screw extruders has been complementing their demand in various industrial sectors such as plastic industries where old machinery are being replaced with the advanced ones.

Leading players operating in the twin screw extruders market are directing their focus toward achieving long-term growth via R&D activities and innovation-driven efforts. Strategies adopted by the market participants, including Toshiba Machine, Thermo Fisher Scientific, Coperion GmbH, Leistritz AG, KraussMaffei Group, and Buhler AG, for gaining a firm foothold in the market will pose a profound impact on demand for twin screw extruders in the long run.

Twin Screw Extruder Market: Demand will Rise as Opportunities Expand with Emerging Applications

According to the report, in the upcoming years, the market for twin screw extruders will continue to be influenced by increasing demand from food, plastic, and rubber processing industries. New and emerging applications in pharmaceutical industries will also create significant opportunities for twin screw extruders. Provided with the recent technology advancements, demand for twin screw extruders will remain stable, underpinned by efforts of the market players in seeking lucrative avenues in the plastic industry.

Robust production of plastic products and their increasing application across various sectors will further sustain demand for twin screw extruders in the near future. The market will continue to benefit from surging demand in food & beverage and packaging sectors. Gradual rise in GHDI of consumers worldwide, along with changing lifestyle aspirations and preferences, is expected to significantly rub off on demand for packaged and processed foods, which in turn will create demand for twin screw extruders from plastic industry.

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Twin Screw Extruders Market: North America Leads with Europe on the Trail

The report states that North America held majority volume share of the twin screw extruders market in 2016, led by the robust plastic industry in the region. According to data acquired from the Committee on Equipment Statistics (CES) of Plastics Industry Association, shipments of plastic processing equipment such as blow molding, injection molding, and extrusion surpassed US$ 330 Mn revenues in 2017. Additionally, North America accounts for high consumption of food products based on extrusion process such as snacks, and bakery products.

As thermoplastic extrusion forms an imperative part of processing such food products, upward trend toward extrusion-based food products will impact demand for twin screw extruders in North America. The market in Europe will continue to trail North America on account of large number of twin screw extruder installations. Volume sales of co-rotating twin screw extruder is expected to remain robust in Europe on the coattails of their high penetration in the region’s plastic, food, coatings, and pharmaceutical industry.

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This release was published on openPR.