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Plastic Extrusion Machines Market Expected to Reach $11,002.1 million by 2032

 
2022
Plastic Extrusion Machines Market

Report Code : A04893

quote The plastic extrusion machines market has experienced substantial growth in the last decade owing to advantages such as low labor costs, high production capacity, and the increasing demand for extruded plastic products across various industries such as consumer goods, food and beverages. This growth is further fueled by the material flexibility and minimal waste production offered by these machines. However, the high initial cost of machinery may hinder the market's growth. On the other hand, the introduction of technological innovations like IoT and AI-based machines in plastic production presents promising opportunities for the expansion of the plastic extrusion machines market. quote

Sonia Mutreja - Manager
Construction and Manufacturing at Allied Market Research

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According to a new report published by Allied Market Research, titled, “Plastic Extrusion Machines Market," The plastic extrusion machines market was valued at $6,315.1 million in 2019, and is estimated to reach $11,002.1 million by 2032, growing at a CAGR of 4.8% from 2019 to 2032.

Plastic extrusion machines are mechanical devices designed to produce continuous profile extruded plastics products in large quantities. Industry participants offer plastic extrusion machines in various sizes, types, and variations to fulfill customer needs. Manufacturing sectors such as automotive, packaging, healthcare, and others, demonstrate a high demand for different types of plastic extrusion machines market. Plastic extrusion is a method used to create fixed cross-sectional profile plastic products. Polymers such as PVC, PP, and PE, are extruded through a die of desired shape and cross-section to produce plastic products, including weather-stripping lines, pipes, tubes, plastic films, window frames, plastic sheet, wire insulations, and thermoplastic coatings.

The increasing demand for extruded parts from industries including automotive, packaging, and construction is the main driving force behind the plastic extrusion machine market. Major companies in this market, with a strong global presence and extensive distribution networks, dominate the industry with their cutting-edge product portfolios. These companies are also focusing on introducing energy-efficient, reliable, and advanced plastic extrusion machines to meet market demands. Moreover, the global plastic extrusion machine market is experiencing significant growth owing to the multitude of advantages offered by these machines. These include their robustness, ease of operation, ability to achieve higher manufacturing rates and rapid production, as well as their ability to produce high-quality products. Furthermore, the packaging industry in countries such as China and India have witnessed a remarkable surge, leading to an increased demand for high-performance extruded plastic packaging films. This surge in demand is a key driver for the growth of the plastic extrusion machines industry.

Additionally, the plastic extrusion machine industry is on the rise thanks to a variety of factors. These include the growth of the manufacturing sector in both developed and emerging regions, the increasing demand in piping industries, rising consumer awareness about environmentally friendly equipment, and the numerous benefits of plastic extrusion machines market analysis. Furthermore, the transportation industry's increasing need for extruder machines is also playing a role in the plastic extrusion machines market growth. The global plastic extrusion machines market size is poised for a bright future, driven by the development of new plastic products and technological advancements. As consumers worldwide look for eco-friendly options, there is a shift towards low carbon emission vehicles, prompting market players to focus on improving fuel efficiency. This has resulted in collaborations between market players and OEMs to create lightweight products for automobiles.

Furthermore, the increasing need for plastics in the packaging industry is propelling the market ahead. This is primarily because of the utilization of toxin-resistant and eco-friendly materials, which are enhancing the plastic extrusion machines market share. Furthermore, the automotive sector has a substantial chance to unveil groundbreaking plastic products that meet the growing consumer desire for fuel-efficient and high-performance lightweight vehicles. Moreover, the oil and gas, along with the construction industries, are expected to play a role in the escalating demand for plastic extrusion machines market during the forecasted period.

Key Findings of The Study

  • The report provides an extensive analysis of the current and emerging global plastic extrusion machines market trend and dynamics.
  • Depending on type, the twin-screw segment has dominated the plastic extrusion machine market, in terms of revenue in 2019 and single-screw segment is projected to grow at a significant CAGR during the plastic extrusion machines market forecast period.
  • By process type, the blown film extrusion segment has registered highest revenue in 2019.
  • By solution, new sales have registered highest revenue in 2019.
  • Asia-Pacific region is projected to register the highest growth rate in the coming years.
  • The key players within the global plastic extrusion machine market are profiled in this report, and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the plastic extrusion machine industry.
  • The report provides an extensive analysis of the current trends and emerging opportunities of the market.
  • In-depth global plastic extrusion machine market analysis is conducted by constructing estimations for the key segments between 2019 and 2032.

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quote Plastic Extrusion Machines Market 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 and construction, Medical, Transportation, Consumer Goods, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032 quote

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