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2021
Plastic Extrusion Machines Market

Plastic Extrusion Machines Market

by Machine Type (Single Screw and Twin Screw), Process Type (Blow Film Extrusion, Sheet/Film Extrusion), Tubing Extrusion, and Others), Solution (New Sales and Aftermarket), and Application (Building and Construction, Medical, Transportation, Consumer Goods, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027
Update Available On-Demand

Report Code: A04893
Pages: 353
Mar 2021 | 17866 Views
Author(s) : Amol P, Priyanka K
Tables: 215
Charts: 75
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COVID-19

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Plastic Extrusion Machines Market Outlook- 2027

The global plastic extrusion machines market size was valued at $6,303.0 million in 2019, and is projected to reach $7,930.4 million by 2027, registering a CAGR of 4.5% from 2020 to 2027. Plastic extrusion machines are mechanical systems designed to produce continuous profile extruded plastics products in mass volume. Market players provide plastic extrusion machine of various sizes, types, and variants to meet the requirements of customers. 

The COVID-19 pandemic has negatively affected the global plastic extrusion machines market mainly due to the halt in international trade, prolonged lockdowns, and ceased processes in manufacturing and plastics industry.

Manufacturing sectors such as automotive, packaging, healthcare, and others, exhibit high demand for various types of plastic extrusion machine. Plastic extrusion is a method used for producing fixed cross-sectional profile plastic products. Polymers such as PVC, PP, and PE, are pressed through a die of desired shape and cross-section to produce extruded plastic products, including weather-stripping lines, pipes, tubes, plastic films, window frames, plastic sheet, wire insulations, and thermoplastic coatings. 

Plastic-Extrusion-Machines-Market,-2020-2027

Rise in awareness about energy saving globally propels the plastic extrusion machine market growth. Hence, plastic extrusion machine manufacturers are increasingly focusing toward manufacturing efficient and reliable twin-screw plastic extrusion machine to boost the growth of the market. 

For instance, The Japan Steel Works (JSW) offers TEX series of twin-screw extruders, which ensures both high degassing and high kneading performance for direct film/sheet processing. In addition, higher manufacturing rates and rapid production through plastic extrusion is estimated to cater to the growth of the global plastic extrusion machine market. 

Moreover, hectic lifestyle of consumers has increased the adoption of frozen food, and thereby, the extruded plastic products, which has further led to the rise in demand for plastic extrusion machine. 

An increase in consumer focuses on manufacturing energy-efficient innovative blown film extrusion to the market. For instance, Shubham Extrusion Pvt. Ltd. offers a variety of blown film plastic extrusion machine to the market, including 5-layer and 7-layer co-extrusion blown film plant, twin-die blown film plant, and others for varied applications such as lamination films, courier bag films, agriculture film, liner bags, and others.  

A rise in need for plastic extrusion machine from the building and construction industry is expected to drive the growth of the market. In addition, increase in demand for extruder machine from the transportation industry, propel the growth of the plastic extrusion machine market. 

Major players such as China National Chemical Corporation Ltd., UNION Officine Meccaniche SpA, and others, are focusing on offering plastic extrusion machines for building and construction applications. For instance, in December 2018, UNION introduced a new extrusion line for the manufacture of XPS panels from 20 mm to 160 mm thickness and hourly production equal to 1500 kg. It is best suitable for construction applications.

However, high initial tooling and machinery cost required for plastic extrusion machines, is expected to restrain the growth of plastic extrusion machines market. For instance, price of a large and complex mold machine is around $80,000 or more. Moreover, it requires high maintenance and installation cost.  

Contrary, technological advancement such as artificial intelligence based plastic extrusion machine, and software supported plastic extrusion machines, is anticipated to provide lucrative opportunities for growth of plastic extrusion machines market. 

The global plastic extrusion machine market is segmented based on machine type, solution, process type, application, and region. 

Based on machine type, the market is divided into twin-screw and single screw. The twin-screw segment is anticipated to dominate the global plastic extrusion machine market throughout the study period in terms of value. 

Based on solution, the market is bifurcated into new sales and aftermarket. The new sales segment is anticipated to dominate the global plastic extrusion machine market throughout the study period. 

Based on process type, the market is divided into blown film extrusion, sheet/film extrusion, tubing extrusion, and others. In terms of revenue, the blown film extrusion segment is estimated to hold a major global plastic extrusion machine market share throughout the study period. 

Plastic Extrusion Machines Market
By Machines Type

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Twin screw extrusion machine segment holds dominant position in 2019

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Based on application, the market is divided into building & construction, medical, transportation, consumer goods, and others. The building & construction segment is anticipated to dominate the global plastic extrusion machine market. 

Based on region, the global plastic extrusion machine market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific is expected to dominate the market throughout the forecast period.

Plastic Extrusion Machines Market
By Extrusion Process

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Tubing extrusion segment is expected to grow at a significant CAGR

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Competition Analysis

The key players profiled in this report include Bausano & Figli SpA, Costruzioni Meccaniche Luigi Bandera SpA, Kabra ExtrusionTechnik Ltd., KraussMaffei Group, Milacron Holdings Corp., Reifenhäuser GmbH & Co. KG Maschinenfabrik, The Japan Steel Works, Toshiba Machine Co., Ltd., UNION Officine Meccaniche SpA, and Windsor Machines Limited.

The key players in this market adopted product launch, partnership, and expansion as their key strategies to meet the change in consumer demands. Furthermore, they launched energy-effective plastic extrusion machine of different sizes to strengthen their market position.  For instance, in May 2018, Costruzioni Meccaniche Luigi Bandera spA introduced a new PET line for rigid packaging industry in Middle East. This new line comprises patented twin-screw extruder, 2C135 52 L/D, single-screw co-extruder TR100 35 L/D, with innovative vacuum venting systems and high purification, super filtration system.

Plastic Extrusion Machines Market
By Region

2027
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific is expected to dominate the market during the forecast period.

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Key Benefits For Stakeholders

  • The report provides an extensive analysis of the current and emerging plastic extrusion machines market trends and dynamics.  
  • In-depth market analysis is conducted by plastic extrusion machines market estimations for the key market segments between 2019 and 2027. 
  • Extensive plastic extrusion machines market analysis is conducted by following key product positioning and monitoring of the top competitors within the market framework.
  • A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
  • The global plastic extrusion machines market forecast analysis from 2020 to 2027 is included in the report.
  • The key market players within the plastic extrusion machines market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the plastic extrusion machines market.

Global Plastic Extrusion Machines Market Segments

By Machine Type

  • Single-screw
  • Twin-screw

By Process type

  • Blown film extrusion
  • Sheet/film extrusion
  • Tubing extrusion
  • Others

By Solution 

  • New sales 
  • Aftermarket

By Application 

  • Building & construction
  • Medical
  • Transportation
  • Consumer Goods 
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East 
    • Africa
 

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In accordance with the several interviews conducted, the demand for plastic extrusion machine has increased due to rise in demand for extruded plastic products in several end-user industries such as automotive, medical, building & construction, and others. Leading companies, such as The Japan Steel Works and Milacron, have observed a significant growth and expansion of their overall consumer base, as they deal in varied types of plastic extrusion machine, in different sizes and with attractive features in the past few years. Moreover, state-of-the-art marketing and positioning strategies have impelled the development of the global plastic extrusion machine market size.

According to the perspectives of CXOs of leading companies, growth in industrial sector and increase in demand for continuous profile plastic products is estimated to fuel the growth of the global plastic extrusion machine market in the coming years. In addition, the key market players focus on the development and launch of high-quality products to cater to the consumer needs and preferences and thereby, promote their businesses in the global plastic extrusion machine market.  For instance, in May 2018, Costruzioni Meccaniche Luigi Bandera SpA introduced a new PET line for rigid packaging industry in the Middle East. This new line comprises patented twin-screw extruder, 2C135 52 L/D, single-screw co-extruder TR100 35 L/D, with innovative vacuum venting systems and high purification, super filtration system. However, high initial cost of equipment hampers the growth of the market. On the other hand, technological advancements such as Industry 4.0, artificial intelligence, and Internet of things (IoT) are estimated to offer lucrative opportunities for the market.

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FREQUENTLY ASKED QUESTIONS?

A. The global plastic extrusion machines market size was $6,303.0 million in 2019 and is projected to reach $7,930.4 million in 2027, growing at a CAGR of 4.5% from 2020 to 2027.

A. The forecast period considered for the plastic extrusion machines market is 2020 to 2027, wherein, 2019 is the base year, 2020 is the estimated year, and 2027 is the forecast year.

A. To get latest version of global plastic extrusion machines market report can be obtained on demand from the website.

A. The base year considered in the global plastic extrusion machines market is 2019.

A. The report for global plastic extrusion machines market doesn’t provides Value Chain Analysis, but if there is a requirement for the same, it could be added as an additional customization.

A. The top ten market players are selected based on two key attributes - competitive strength and market positioning

A. On the basis of machine type, the twin screw segment is expected to be the most influencing segment growing in the global plastic extrusion machines market report.

A. Based on solution segment in 2019, the new sales segment generated the highest revenue, accounting for three-fourths of the market share, and is projected to grow at a CAGR of 4.4% from 2020 to 2027.

A. The report contains an exclusive company profile section, where the leading 10 companies in the market are profiled. These profiles typically cover company overview, geographical presence, and market dominance (in terms of revenue and volume sales).

A. The key trending markets based on the process type, in the global plastic extrusion machines market, are the blown film extrusion segment.

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