Press release
Plastic Extrusion Machine Market Set to Reach USD 24.22 Billion by 2032 with 6.9% CAGR
Plastic Extrusion Machine Market
Plastic Extrusion Machine Market Overview:
The global plastic extrusion machine market is experiencing significant growth, driven by technological innovations and increasing demand across various industries. Valued at USD 14.20 billion in 2024, the market is projected to reach nearly USD 24.22 billion by 2032, growing at a CAGR of 6.9% . The Asia-Pacific region leads with a 37% market share in 2023, propelled by burgeoning manufacturing sectors in countries like China and India.
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Plastic Extrusion Machine Market Dynamics:
The market's expansion is fueled by the growing adoption of plastic extrusion machines in industries such as packaging, automotive, and construction. Twin-screw extrusion machines, known for their advanced mixing capabilities and high productivity, dominate the market with a 68% share in 2023 . However, high initial tooling and maintenance costs pose challenges to market growth.
Plastic Extrusion Machine Market Outlook and Future Trends
The future of the plastic extrusion machine market looks promising, with increasing emphasis on sustainability and energy efficiency. In the U.S., the market is projected to grow from USD 901.42 million in 2024 to USD 1,548.99 million by 2033, at a CAGR of 6.2% . Manufacturers are focusing on integrating advanced control systems and energy-efficient components to meet environmental regulations and reduce operational costs.
Key Recent Developments:
United States: The U.S. market is witnessing rapid innovation, with 39% of manufacturing plants integrating advanced control systems into their extruders in the past year . States like Texas and California are leading in installations, driven by infrastructure projects and demand in packaging and construction sectors.
Europe: Germany dominates the European market, accounting for over 67% of the region's plastic extrusion machine market share . The automotive sector is a significant driver, with 29% of Europe's plastic components produced using modern extrusion lines.
Japan and South Korea: In Japan, companies like Japan Steel Works are offering advanced twin-screw extruders, enhancing the market's technological edge . South Korea is witnessing steady expansion, with a projected CAGR of 5.3% from 2025 to 2035, driven by technological advancements in manufacturing.
Vietnam and Thailand: While specific data on mergers and acquisitions in Vietnam and Thailand is limited, these countries are emerging as potential markets due to increasing industrial activities and demand for plastic products.
Singapore: Singapore's strategic location and advanced infrastructure make it a hub for technological innovation in the plastic extrusion industry, although specific recent developments are not detailed in the available data.
Plastic Extrusion Machine Market Segmentation
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
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Some of the current players in the Plastic Extrusion Machine Market are:
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-SCHÜTZ GmbH
11. Bausano&FigliSpA
12. CostruzioniMeccaniche Luigi Bandera SpA
13. KabraExtrusionTechnik Ltd.
14. Milacron Holdings Corp.
15. Reifenhäuser 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
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