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Key Trends Reshaping the Extrusion Machinery Market: Advancements In The Extrusion Machinery Market Industry Transformation
Extrusion Machinery
Extrusion Machinery Market Size Growth Forecast: What to Expect by 2025?
There has been a consistent expansion in the size of the extrusion machinery market over the past years. An ascent from $7.9 billion in 2024 to $8.12 billion in 2025 is projected, marking a compound annual growth rate (CAGR) of 2.8%. This upward trend during the historic period can be traced back to the surge in industrialization and manufacturing sectors, increased construction activities, prevailing market demand, competitive scenario, and the pricing of raw materials.
How Will the Extrusion Machinery Market Size Evolve and Grow by 2029?
In the coming years, the extrusion machinery market size is predicted to experience a consistent growth, reaching $9.82 billion in 2029 with a compound annual growth rate (CAGR) of 4.9%. Sustainability initiatives, increased market demand, global trade movements, customization needs, and energy efficiency contribute to this growth during the projected period. The period is also expected to witness several key market trends such as market enlargement, customization and flexibility, energy efficiency and sustainability, market merging and competitive dynamics, as well as technological progress.
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What Drivers Are Propelling the Growth of Extrusion Machinery Market Forward?
The extrusion machinery market is predicted to see an upswing due to the surging demand for plastic products. These are synthetically manufactured compounds created from polymers. Plastic extrusion equipment is utilized to mould plastic into various shapes, dimensions, and configurations essential for creating a diverse range of products. Consequently, the soaring demand for plastic products will stimulate the need for extrusion machinery. As an example, the United Nations Environment Programme, a US-focused authority for environmental concerns with projects concentrating on climate, natural world, pollution, and sustainable development, states that the global primary plastic production is set to rise to 1,100 million tons by 2050 from the present 400 million tons annually. Astonishingly, 36% of the total plastics produced are employed in packaging, and this includes single-use items for food and beverage containers which are discarded uncontrolled in 85% of instances or in landfills. As a result, the increasing demand for plastic products is propelling the expansion of the extrusion machinery market.
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What Trends Will Shape the Extrusion Machinery Market Through 2029 and Beyond?
Key players in the extrusion machinery market, which includes giants such as Exlabesa, are leaning towards the creation of technologically superior products, like cutting-edge extrusion systems, to improve operational efficiency and cater to the rapidly advancing industry needs. Technologically sophisticated extrusion machinery refers to advanced machinery manufactured to continuously mould and process materials, especially metals and plastics, using heat and pressure. This results in premium, consistent products with heightened accuracy and efficiency. For instance, in January 2024, Exlabesa, a company based out of Spain renowned for its aluminium goods, inaugurated a new extrusion line at its fresh factory setup in Portugal. Augmenting its extrusion capability, Exlabesa added a massive 2,800-ton line at its new amenities in Coimbra, Portugal. This line can accommodate all 600 series alloys including 6005, 6060, 6061, 6063, 6082, 6101, and 6106, and can convert them into billets of up to 8 inches. Other than manufacturing intricate and high-end profiles, this novel line will also significantly augment industrial processes' optimization leading to a substantial enhancement in energy efficiency.
What Are the Key Segments in the Extrusion Machinery Market?
The extrusion machinerymarket covered in this report is segmented -
1) By Type: Single-Screw, Twin-Screw
2) By Material: Metals, Polymers, Concrete, Ceramics, Foodstuffs
3) By Process: Cold Extrusion, Hot Extrusion, Friction Extrusion, Other Processes
4) By End-Use: Construction, Consumer Goods, Automotive, Packaging, Other End-Uses
Subsegments:
1) By Single-Screw: General-Purpose Single-Screw Extruders, Barrier Screw Extruders, Co-Rotating Single-Screw Extruders
2) By Twin-Screw: Co-Rotating Twin-Screw Extruders, Counter-Rotating Twin-Screw Extruders, Intermeshing Twin-Screw Extruders
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Who Are the Key Players Shaping the Extrusion Machinery Market's Competitive Landscape?
Major companies operating in the extrusion machinery market include KraussMaffei Technologies GmbH, AMUT S.P.A., Hegler Plastik GmbH, Bausano & Figli S.p.A., Windsor Machines Pvt. Ltd., Milacron LLC, Extrusion Technik USA Inc., Yean Horng Machinery Co. Ltd., Everplast Machinery Co. Ltd., Graham Engineering Corporation, Reifenhauser Inc., Kabra ExtrusionTechnik Ltd., ITIB MACHINERY INTERNATIONAL s.r.l., UNION Officine Meccaniche S.p.A., BC Extrusion Holding GmbH, The Japan Steel Works Ltd., Welding Engineers Inc., Davis-Standard LLC, Coperion GmbH, Leistritz AG, SMS group GmbH, Toshiba Machine Co. Ltd., Gneuss Kunststofftechnik GmbH, Macro Engineering & Technology Inc., Nanjing Haisi Extrusion Equipment Co. Ltd., USEON (Nanjing) Extrusion Machinery Co. Ltd., CPM Extrusion Group, Bandera Luigi Costruzioni Meccaniche S.p.A., BREYER Maschinenfabrik GmbH, Plasmec S.p.A., SML Maschinengesellschaft mbH, Sino-Alloy Machinery Inc., R&B Plastics Machinery LLC, Sarei Machinery & Mould Co. Ltd.
What Geographic Markets Are Powering Growth in the Extrusion Machinery Market?
North America was the largest region in the extrusion machinery market in 2024. The regions covered in the extrusion machinery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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