Global Extruders Market Forecast, Trend Analysis And Competition Tracking - Market Insights: 2015 – 2031

Global Extruders Market Introduction

When the extruder process is applied, it results in a hard and brittle plastic product. The pressing of the material through a die causes the whole of the material to be molded into an identical shape, but this is never at a uniform rate from one end of the die to another. The parts that are near the entrance to the die are forced out under less pressure than those near the exit, which causes some parts to be pressed harder or more quickly.

The extruder process is a method of molding plastic that results in a hard and brittle product. In this process, pellets or powder are pushed into a heated barrel or die. The die has the shape of the final product. A screw forces the heated material through the die, as it turns. As it is forced through, the melted polymer cools and hardens around it forming a solid object.

It is a machine that works from the inside out from a material. The machine moves the material through a hole, which then pushes it through the nozzle to form a long tube of material. This extruder is key for producing different types of materials, such as plastic and rubber. Extruders work best for products that can be created in long strips or tubes because this process provides better product control.

As the material moves through the extruder, it is pushed through a die. The die can be any shape or size, but most are flat sheets of metal with wire teeth around the edge forming channels to push out liquid plastic.

The global extruders market is segregated into extruder types, end use industries, and regions. On the basis of extruder type, the global extruders market is sub-segmented into single-screw extruder, twin-screw extruder, and ram extruder. With respect to end use industry, the Extruders market is distributed into building & construction, transportation, consumer goods, and other end use industries. On the basis of region, the global extruders market is sub-segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Global Extruders Market Drivers

The demand for a wide range of plastic and metal products is one of the many chief drivers of extruder buyers. According to Plastics Europe, on 2019 April 1st, 368 million tons of plastic was produced worldwide. Continued high consumption and investment has resulted in an increased demand for materials such as plastic and metal, which in turn has resulted in the growth in sales of plastic and metal extruded products. The building & construction industry has experienced rapid expansion during the most recent several years, and it is driving the market for extruders. This period is anticipated to continue, since growth in sectors like construction is creating demand for extruders as well as improvements in economies across Asia and Africa.

Today, extruders dominate the market because they are inexpensive and offer capabilities in line with area standards. Extruders are equipment for the extrusion of proteins into profiles. They are principally used for the production of assorted metal and plastic pieces. The extrusion industry is tightly associated with industrial chemicals, such as resins including polyethylene, polyvinyl chloride (PVC), aluminum, and steel pipes, such as their price. Various extrusion methods and technologies are allowing producers to improve production efficiency in their various manufacturing processes.

Global Extruders Market Restraints

When it comes to setting a manufacturing plant, the initial economic cost is higher than you would expect, as well as costly financing and ravenous reinvestment in the industry's technology. Manufactures must also pump cash into scientific studies to make certain precision specifications and come up with innovative advancements that will help distinguish their products in the marketplace. The company should ascertain the demand for extruded products in a certain location before setting up a manufacturing plant. One additional concern is the high maintenance of machinery, which can be extremely expensive. The machinery must be gone through regular maintenance and repairs in order to avert breakdowns and production delays. If any breakdown or failure occurs, the machines must be entirely replaced, which results in high maintenance costs. Preventive maintenance significantly increases the cost of production.

COVID-19 Impact Analysis On Global Extruders Market

The expansion of many countries in the fight against the coronavirus was detrimental for the extruder industry. Due to the nature of the virus, several countries around the world enforced strict quarantine regulations to try and control the spread of it. This led to the supply and demand chain being disrupted, which essentially impacted the market. Industrial plants, infrastructure developments, and mining projects were put on hold for two whole years due to the pandemic.

Manufacturing systems, utilities, infrastructural tasks, and mining operations have been stalled for the last two years because of the pandemic. Various factors, including the fluctuating price of certain raw materials used to make extruders and the effects of the COVID-19 pandemic, have affected the growth of the extruders industry. The companies are optimists, having hope that the situations will get back to the status quo and the market will improve over time. Countries such as China, the US, and the United Kingdom have bounced back and are now able to continue the work of everyday life.

Global Extruders Market Regional Analysis

The global Extruders market is segmented into North America, Europe, the Asia pacific, Latin America, and the Middle East and Africa.

Markets in the Asia Pacific region are expected to account for the largest share in the years to come owing to high economic growth rate, subsequently heavy investment across industries such as oil & gas, automotive, infrastructure, chemical, and electronics among others.

Global Extruders Market Competitive Landscape

• The Japan Steel Works Ltd.
• Hilenbrand Inc.
• Shibaura Machine Co. Ltd
• KraussMaffei Group GmbH
• Battenfeld-Cincinnati
• NFM
• Clextral
• Leistritz AG
• BC Extrusion Holding GmbH
• Kabra Extrusion Technik Ltd
• Other players

Report Scope

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• Forecast Period: 2022-2031
• Actual Year: 2021
• Historical Data Available for: 2015-2020

Key Regions Covered

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Key Segments Covered

Global Extruders Market by Extruder Type

• Single-Screw Extruder
• Twin-Screw Extruder
• Ram Extruder

Global Extruders Market by End Use Industry

• Building & Construction
• Transportation
• Consumer Goods
• Other End Use Industries