Press release
Plastic Extrusion Machine Market Soars to USD 13.29 Billion in 2023, Poised for 6.9 percentage CAGR Growth
The ๐๐ฅ๐๐ฌ๐ญ๐ข๐ ๐๐ฑ๐ญ๐ซ๐ฎ๐ฌ๐ข๐จ๐ง ๐๐๐๐ก๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ was valued at US$ 13.29 Bn. in 2023. Global Plastic Extrusion Machine Market size is estimated to grow at a CAGR of 6.9% over the forecast period.๐๐ฅ๐๐ฌ๐ญ๐ข๐ ๐๐ฑ๐ญ๐ซ๐ฎ๐ฌ๐ข๐จ๐ง ๐๐๐๐ก๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
The plastic extrusion machine market has experienced robust growth over the last decade, fueled by the increasing demand for plastic products across various sectors such as construction, automotive, and packaging. The process of plastic extrusion, where plastic materials are melted and shaped into continuous profiles, has become a cornerstone of manufacturing due to its efficiency in producing durable and custom-sized plastic items. While there is a shift toward more sustainable alternatives, traditional plastic products continue to hold significant market value. As industries strive for efficiency and cost-effectiveness, the demand for advanced plastic extrusion machines, including twin-screw extruders, is projected to increase further, supporting the market's continued expansion.
๐๐๐ง๐ญ ๐ญ๐จ ๐๐๐ ๐ญ๐ก๐ ๐๐ซ๐๐ง๐๐ฌ? ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐๐๐ฒ :https://www.maximizemarketresearch.com/request-sample/30066/
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฅ๐๐ฌ๐ญ๐ข๐ ๐๐ฑ๐ญ๐ซ๐ฎ๐ฌ๐ข๐จ๐ง ๐๐๐๐ก๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ:
One of the key drivers of the plastic extrusion machine market is the rising demand for high-quality plastic products in various industries, particularly in packaging and construction. The flexibility of plastic extrusion, which allows for the production of a wide range of plastic profiles, has made it a preferred method in these sectors. The increasing demand for plastic packaging, driven by e-commerce, food preservation, and consumer goods packaging, is a major factor propelling the growth of the extrusion machine market. Moreover, the automotive industry's shift toward lightweight and fuel-efficient vehicles has created new opportunities for the extrusion machine market, as plastics are increasingly used for interior components and lightweight structures.
๐๐ฅ๐๐ฌ๐ญ๐ข๐ ๐๐ฑ๐ญ๐ซ๐ฎ๐ฌ๐ข๐จ๐ง ๐๐๐๐ก๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ:
One notable trend in the plastic extrusion machine market is the shift toward multi-layer extrusion technology. This trend is being driven by the growing demand for specialized products in sectors such as packaging, food processing, and medical industries, where multilayer films and sheets offer enhanced properties such as barrier resistance, improved shelf life, and better performance in harsh environments. Companies are focusing on developing advanced co-extrusion technologies, which allow for the creation of these multi-layered products with improved efficiency and reduced production costs. The growing adoption of these technologies is expected to contribute to the continued growth of the plastic extrusion machine market.
๐๐ก๐ ๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐๐ญ๐๐ค๐๐ก๐จ๐ฅ๐๐๐ซ๐ฌ ๐๐๐ง ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐จ๐ซ ๐ญ๐ก๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ :https://www.maximizemarketresearch.com/inquiry-before-buying/30066
1. ๐๐๐ซ๐ ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ: ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐๐ฑ๐ฉ๐๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐๐๐ก
Recent mergers and acquisitions are reshaping the landscape of the plastic extrusion machine market. Companies in Vietnam, Thailand, Singapore, Japan, South Korea, and the United States are consolidating resources to meet growing demand, especially in the Asia-Pacific region.
๐๐ข๐๐ญ๐ง๐๐ฆ
In Vietnam, local market leaders are merging with global giants to expand their production capabilities. The recent acquisition of a leading Vietnamese extrusion machine manufacturer by a major European player is set to increase capacity and expand distribution channels across Southeast Asia.
๐๐ก๐๐ข๐ฅ๐๐ง๐
Thailand is emerging as a manufacturing hub for plastic extrusion machinery, with key mergers between local manufacturers and international suppliers aimed at improving technology integration. The latest acquisition of a Thai firm by a multinational corporation is expected to boost production efficiency and enhance product offerings.
๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐
Singapore continues to attract foreign investments due to its strategic location and pro-business environment. The country's latest merger between two key players in the extrusion machinery sector promises to bring more innovative solutions to market, particularly in high-demand industries like construction and automotive.
๐๐๐ฉ๐๐ง & ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐
Japan and South Korea are leaders in industrial automation and precision manufacturing. A recent acquisition in Japan involving a leading extrusion machinery producer is expected to enhance R&D capabilities, particularly in producing high-quality equipment for diverse applications, including medical devices and consumer electronics.
๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ & ๐๐ฎ๐ซ๐จ๐ฉ๐
The US and Europe have also seen a surge in mergers, particularly aimed at enhancing sustainability and energy efficiency. Major acquisitions in these regions are expected to streamline production processes and bring environmentally friendly extrusion machines to the forefront of the market.
2. ๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: ๐๐ฑ๐ฉ๐๐ง๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ๐ฌ ๐๐๐ซ๐จ๐ฌ๐ฌ ๐ญ๐ก๐ ๐๐ฅ๐จ๐๐
๐๐ฌ๐ข๐-๐๐๐๐ข๐๐ข๐: ๐๐ก๐ ๐๐จ๐ฐ๐๐ซ๐ก๐จ๐ฎ๐ฌ๐ ๐จ๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก
The Asia-Pacific region is driving the most significant growth in the plastic extrusion machine market, led by Vietnam, Thailand, Japan, and South Korea. Governments in these regions are increasingly investing in automation and technology to modernize their manufacturing sectors. With the rise of eco-conscious consumers, the demand for machines capable of handling biodegradable plastics and recycled materials is also increasing.
๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐ & ๐๐ฎ๐ซ๐จ๐ฉ๐: ๐ ๐จ๐๐ฎ๐ฌ ๐จ๐ง ๐๐ฎ๐ฌ๐ญ๐๐ข๐ง๐๐๐ข๐ฅ๐ข๐ญ๐ฒ ๐๐ง๐ ๐๐๐๐ข๐๐ข๐๐ง๐๐ฒ
In North America, particularly the United States, innovation in plastic extrusion technology is focused on reducing energy consumption and improving material quality. Europe is also at the forefront of developing sustainable extrusion machines that can handle bio-based plastics, in line with stricter environmental regulations.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ @https://www.maximizemarketresearch.com/request-sample/30066/
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐ฅ๐๐ฌ๐ญ๐ข๐ ๐๐ฑ๐ญ๐ซ๐ฎ๐ฌ๐ข๐จ๐ง ๐๐๐๐ก๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ:
by Type
Single screw extrusion
Twin-screw extrusion
by Material
PVC
PP
PE
Others
by Component
Screw Drives
Heaters
Dies
by Application
Automotive
Oil & Gas
Consumer Goods
Packaging
Others
๐๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ ๐ฅ๐๐ซ๐ ๐๐ฌ๐ญ ๐ฆ๐๐ง๐ฎ๐๐๐๐ญ๐ฎ๐ซ๐๐ซ๐ฌ ๐จ๐ ๐๐ฅ๐๐ฌ๐ญ๐ข๐ ๐๐ฑ๐ญ๐ซ๐ฎ๐ฌ๐ข๐จ๐ง ๐๐๐๐ก๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐?
1. Apex Engineers
2. Reifenhauserindia
3. Shyam Plastic Machinery
4. KraussMaffeiBerstorff
5. Extrusion Technik USA, Inc.
6. TROESTER GmbH & Co. KG
7. Well Shyang Machinery (WSM)
8. W. Brabender Instruments Inc.
9. MITSUBA MFG. CO., LTD.
10. DEGUMA-SCHรTZ GmbH
11. Bausano&FigliSpA
12. CostruzioniMeccaniche Luigi Bandera SpA
13. KabraExtrusionTechnik Ltd.
14. Milacron Holdings Corp.
15. Reifenhรคuser GmbH & Co. KG Maschinenfabrik
16. The Japan Steel Works
17. Toshiba Machine Co., Ltd.
18. UNION Officine MeccanicheSpA
19. China National Chemical Corporation Ltd.
20. Windsor Machines Limited
๐ ๐จ๐ซ ๐ฆ๐จ๐ซ๐ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ฏ๐ข๐ฌ๐ข๐ญ:https://www.maximizemarketresearch.com/market-report/global-plastic-extrusion-machine-market/30066/
๐๐๐ฒ ๐๐๐๐๐ซ๐ข๐ง๐ ๐ฌ:
Past Market Size and Competitive Landscape
Plastic Extrusion Machine Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Plastic Extrusion Machine Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก :
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๐๐จ๐ง๐ญ๐๐๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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๐๐๐จ๐ฎ๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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