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Plastic extrusion machines market is projected to reach $7,930.4 million by 2027| Current Trends and Growth Opportunities
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Key Market Drivers
Various manufacturing sectors such as automotive, packaging, and healthcare exhibit significant demand for plastic extrusion machines. Plastic extrusion is a method utilized for producing fixed cross-sectional profile plastic products using polymers like PVC, PP, and PE, pressed through dies of desired shapes and cross-sections. The resulting extruded plastic products include pipes, tubes, films, window frames, and wire insulations, among others.
Global initiatives promoting energy conservation are driving market growth. Manufacturers are increasingly focusing on efficient twin-screw plastic extrusion machines. For example, Japan Steel Works (JSW) offers the TEX series, ensuring high degassing and kneading performance for direct film/sheet processing. Moreover, the demand for extruded plastic products, driven by the consumer preference for frozen foods, is boosting the market.
Building and construction industries are significant consumers of plastic extrusion machines. Similarly, rising demand from the transportation sector further propels market growth. Major players like China National Chemical Corporation Ltd. and UNION Officine Meccaniche SpA are offering machines tailored for building and construction applications.
Challenges and Opportunities
High initial costs for machinery and tooling pose challenges to market growth. However, technological advancements such as artificial intelligence and software-supported machines offer lucrative growth opportunities. The market is segmented based on machine type, solution, process type, application, and region.
Regional Analysis and Competitive Landscape
Asia-Pacific is expected to dominate the market throughout the forecast period, with key players like Bausano & Figli SpA and KraussMaffei Group adopting strategies like product launches and partnerships to meet evolving consumer demands. For example, Costruzioni Meccaniche Luigi Bandera SpA introduced a new PET line for the rigid packaging industry in the Middle East, featuring innovative vacuum venting systems and high purification filtration systems.
In summary, the plastic extrusion machines market is witnessing steady growth driven by diverse industry demands, global energy conservation efforts, and technological advancements, with Asia-Pacific leading the charge.
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