Plastic extrusion machines(plastic extruders) refer to mechanical systems used in a high-volume manufacturing process for continuously melting and molding polymeric materials. Plastic extrusion machines have gained widespread attention in various industries due to their high speed, mass production, greater flexibility, easy-to-operate processes, and excellent production quality. The global plastic extrusion machine market is expected to reach USD 6,793.9 million by 2022 and is expected to reach USD 10,754.4 million by 2032, growing at a CAGR of 4.70%.
This article will mainly discuss the next decade of plastic extrusion machines, including the key drives and the regional outlook for the plastic extrusion machine market.
Key Drivers for the Plastic Extrusion Machine Market
lThe growing popularity of plastic extrusion in the packaging industry is due to its non-polluting and non-toxic features.
lOn the other hand, the growing pipe industry and manufacturing in emerging and developed regions are expected to drive the demand for plastic extruders.
lFurthermore, the demand for plastic extrusion machines in the construction and oil & gas industries is expected to increase over the forecast period.
lIn addition, the plastic extruders market size and share are expected to increase owing to the development of the automotive industry, the growing global population, and rising infrastructure spending.
Plastic Extrusion Machine Market Segment Analysis
Based on type, the plastic extrusion machine market is segmented into single-screw extrusion and twin-screw extrusion. In 2021, the twin-screw extrusion segment gained the largest market share at 68%. The increase in this segment is due to the widespread use of twin-screw plastic extruders in the packaging and construction industries.
Regarding materials, the plastic extrusion machine market is segmented into PVC, PP, PE, etc. PVC is one of the most cost-effective polymers and one of the most widely used polymers. Therefore, the PVC material plastic extruder segment has the largest market share, accounting for 41% in 2021.
Regional Outlook for the Plastic Extrusion Machine Market
Europe accounts for 19.80% market share of the global plastic extrusion machine. People in Europe, North America, and the Middle East have a higher standard of living and high disposable incomes, which have led to a growth in the application of plastic products in all end-use industries, such as automotive. For example, countries like the UK and Germany are anticipated to become more noticed in the automotive sector as stringent emission laws stir the demand for plastic materials in vehicles.
The Asia Pacific also plays a significant role in the plastic extrusion machine market, especially in countries like India and China. For example, plastic extruders are in high demand in several small and medium manufacturing industries, such as packaging, consumer goods, and automotive packaging. On the other hand, manufacturing in China, Japan, and India is expanding significantly. Therefore, plastic extrusion machines have a massive growth potential during the next decade.
About us: Boyu – A Professional and Innovative Plastic Machine Manufacturer
Wuxi Boyu Plastic Machinery Co., Ltd. was established in 1998, integrating design, production, sales, and after-sales service. With more than 20 years of rich extrusion experience and advanced technology, we specialize in producing PVC flooring extrusion lines and are known as the leader in SPC flooring equipment. As a professional plastic machine supplier, Boyu provides complete plastic machine solutions to global customers.
With more than 90 technical patents, Boyu is undoubtedly your most reliable partner. Contact us.