Plastic Extrusion Machine Market Poised to Reach USD 21.20 Billion by 2030

The Plastic Extrusion Machine Market is valued at US$ 13.29 billion in 2023 and is projected to grow at a CAGR of 6.9% during the forecast period. The growth is mainly attributed to the rising need for plastic products among several end-use industries and the evolution in the extrusion technologies.

Request Sample Link For More Details: https://www.maximizemarketresearch.com/request-sample/30066/

Market Growth Drivers & Opportunities for Double-Sided Adhesive Tape Market

The rising awareness of energy conservation across the globe has proved to be a catalyst for driving the demand for plastic extrusion machine market. In line with this demand, manufacturers are introducing new twin-screw extrusion machines that deliver greater efficiency and reliability. As an example, Japan Steel Works (JSW) supplies TEX series twin-screw extruders which excel at degassing and kneading, to serve direct film and sheet processing applications.

Gone are the days when innovation was limited to national frontiers technology have also played an important role in nationally identified markets. Organizations like Shubham Extrusion Pvt. The various new blown film extrusion machines include 5-layer and 7-layer co-extrusion plant, twin die blown film plant, etc. Ltd. The machines cater to different end-users like lamination films, courier bag films, agricultural films, and liner bags, as per the changing demand of different industries.

One of the leading consumers of plastic extrusion machines has been the construction industry. Major companies such as China National Chemical Corporation Ltd., and UNION Officine Meccaniche SpA manufacture customized extrusion machinery exclusively for building & construction.

Get to Know More About This Market Study: https://www.maximizemarketresearch.com/market-report/global-plastic-extrusion-machine-market/30066/

Segmentation Analysis

The study segments the plastic extrusion machine market based on type, material, component, and application.

By Type:

Due to their simple and cost-effective design, single-screw extrusion machines are commonly used to melt and form a continuous shape, such as pipe extrusion machines and profile extrusion machines. In comparison, twin-screw extrusion machines provide better mixing and higher throughput, allowing for greater intensity processes like compounding and reactive extrusion.

By Material:

Polyvinyl Chloride (PVC) → Due to its versatility and durability, PVC is used in a broader spectrum of industries, including construction (pipes, siding), and medical devices. Polypropylene (PP): PP is a highly versatile polymer known for its excellent chemical resistance and elasticity, and is commonly used in applications such as packaging, automotive, and consumer goods. Polyethylene (PE), a widely used plastic in films, containers and insulation materials. Other materials within this category include polystyrene, ABS, and nylon, all of which are used for specific industrial requirements.

By Component:

Screw drives play a key role in transporting and melting plastics in the extruder. Heaters keep the necessary temperature profiles to give the best flow and constant material characteristics. Dies molded the molten plastic into the required profiles, which is the important aspect in ensuring the right size and quality of the finished item.

By Application:

Plastic extrusions have a major application in the automotive industry, helping to manufacture parts such as dashboards, bumpers and interior trims to minimize vehicle weight and improve fuel economy. Extruded plastic products, such as pipes and seals, are also used in the oil and gas sector for transport of fluids and insulation. Plastics with high durability and design flexibility are used as extruded plastics for consumer goods from household items to electronic casings. Extruded films and sheets are used in flexible and rigid packaging solutions, primarily in the packaging industry where they are highly sought out.

Request Sample Link For More Details: https://www.maximizemarketresearch.com/request-sample/30066/

Country-Level Analysis

United States:

As a result of its solid manufacturing base and constant technology developments, the U.S. market is comparatively attractive. As automakers continue to focus on lightweight materials, the use of plastic extrusion machines to create complex parts is being cast in a bright light. In addition, the packaging segment also is experiencing growth due to increased e-commerce penetration levels and consumer interest in sustainable alternatives, also contributing to market growth.

Germany:

Germany, being a manufacturing powerhouse exhibits higher demand for plastic extrusion machinery with high end technology. Popular for its engineering skills, the country automotive industry widely uses extruded plastic parts to maximize the performance and efficiency of the vehicle. Furthermore, they generate a lot of environmental awareness in Germany dedicated towards environmental sustainability, thereby promoting energy-efficient extrusion technologies.

China:

The wedding of rapid industrialization and urban migration to China has significantly driven the demand for resin-based products, especially in construction and consumer goods. Infrastructure development initiatives by the government have created demand for extruded plastic pipes and profiles. Moreover, China is the largest base of world machinery, so advanced extrusion machinery are located here to serve the needs of the domestic market and markets.

India:

With educated, prosperous, and well-heeled Indian middle class living under neon lit lngitude's as their wants grow ever more insatiable, the packaging industry paralleled with consumption of packaged goods has only grown rapidly in dependence on plastic extrusion machines. Similarly, the expansion of the automotive industry and transition in high recharge vehicles has raised the requirement for lightweight plastic parts. Furthermore, the government initiatives for "Make in India" has also boosted the local production of extrusion machinery.

Brazil:

The development of the construction sector, owing to investments in urbanization and housing projects, particularly in Brazil, has resulted in increased demand and thus production of extruded plastics products such as pipes and fittings. Extruded products are also used in agriculture for irrigation and storage. Coupled with economic reforms and foreign investments have made extrusion technologies to be adopted on a bigger scale in the country.

Competitor Analysis

The plastic extrusion machine market consists of few and local players that are continually competing for the share of the market backed by innovative type products, merger activities and collaborations.

Key Companies:

Japan Steel Works Ltd (JSW): JSW has developed the TEX series twin-screw extruder for a range of applications, and is known to emphasize high-performance machines.

China National Chemical Corporation Ltd: One of the leading providers offers industry-specific extrusion equipment used primarily in the building and construction industries.

For additional insights, visit:

♦ Lawn Mower Market https://www.maximizemarketresearch.com/market-report/global-lawn-mower-market/98931/

♦ Fire Alarm Equipment's Market https://www.maximizemarketresearch.com/market-report/global-fire-alarm-equipments-market/104266/

♦ Electric Power Tools Market https://www.maximizemarketresearch.com/market-report/electric-power-tools-market/166391/

♦ Fiber Optic Gyroscope Market https://www.maximizemarketresearch.com/market-report/global-fiber-optic-gyroscope-market/106764/

♦ Coiled Tubing Market https://www.maximizemarketresearch.com/market-report/global-coiled-tubing-market/118821/

Contact Maximize Market Research:

MAXIMIZE MARKET RESEARCH PVT. LTD.

⮝ 3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
✆ +91 9607365656
🖂 sales@maximizemarketresearch.com
🌐 www.maximizemarketresearch.com

About Maximize Market Research:

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

This release was published on openPR.