Extrusion Machinery Global Market Report 2024

The extrusion machinery market size has grown steadily in recent years. It will grow from $7.6 billion in 2023 to $7.96 billion in 2024 at a compound annual growth rate (CAGR) of 4.7%. The growth observed in the historic period for extrusion machinery can be attributed to several factors. These include industrialization and the growth of manufacturing activities, an increase in construction projects, market demand for extruded products, the competitive landscape of industries utilizing extrusion machinery, and fluctuations in raw material prices. These factors collectively contributed to the demand and growth of the extrusion machinery sector during the historic period.

The extrusion machinery market size is expected to see steady growth in the next few years. It will grow to $9.64 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The anticipated growth in the forecast period for extrusion machinery can be attributed to several factors. These include a growing focus on sustainability initiatives, increased market demand for extruded products, the dynamics of global trade influencing the machinery sector, customization requirements in various industries, and an emphasis on energy efficiency in manufacturing processes. Major trends expected in this period include market expansion, a greater demand for customization and flexibility in extrusion processes, increased attention to energy efficiency and sustainability practices, market consolidation and heightened competition, and ongoing technological advancements in extrusion machinery. These trends collectively contribute to the evolving landscape of extrusion machinery in the forecast period.

The burgeoning demand for plastic products is set to propel the growth of the extrusion machinery market in the foreseeable future. Plastic products encompass synthetically derived compounds made from polymers. Extrusion machinery serves the purpose of shaping plastic into various forms, sizes, and configurations necessary for producing a diverse array of items. This escalating demand for plastic products will consequently drive the need for extrusion machinery. According to the United Nations Environment Programme, the global primary plastic output is anticipated to surge to 1,100 million tons by 2050 from the current annual output of 400 million tons. Approximately 36% of all plastics manufactured are utilized in packaging, which includes single-use items for food and beverage containers. A substantial 85% of these items are either dumped in landfills or mismanaged as uncontrolled waste. Hence, the escalating demand for plastic products is a significant driver of the extrusion machinery market's growth.

The upsurge in construction activities is forecasted to fuel the expansion of the extrusion machinery market moving ahead. Construction activities encompass the development of infrastructure such as roads, bridges, tunnels, and buildings. Extrusion machinery holds a pivotal role in fabricating construction materials such as PVC pipes, window profiles, and other structural components required for these endeavors. For instance, the U.S. Census Bureau reported an expected construction spending of $1,825.7 billion in January 2023, slightly lower by 0.1% (0.7%) from the updated December estimate of $1,827.5 billion. Nonetheless, January's actual spending reflects a 5.7% (or 1.2%) increase compared to the projected $1,726.6 billion in January 2022. Thus, the escalating construction activities are serving as a catalyst for the growth of the extrusion machinery market.

Product innovation stands as the predominant trend gaining momentum in the extrusion machinery market. Key players in this sector are directing their efforts towards developing inventive products to fortify their standing in the market. For instance, in September 2021, Uniloy Inc., a U.S.-based company specializing in blow molding machines and mold technology, unveiled the all-electric Uniloy UCS.E continuous extrusion shuttle machine. This machine's standout feature is its focus on manufacturing bottles, containers, and technological components ranging in size from 50 ml to 30 l. The processing capabilities of the UCS.E allow users to create items ranging from small cosmetic containers to substantial industrial packaging. Additionally, it boasts co-extrusion capabilities of up to 7 layers, including bio-resins and post-consumer resins (PCR). Remarkably, the UCS.E consumes 40% less energy compared to conventional hydraulic shuttle machines, owing to Uniloy's utilization of an all-electric platform.

Major industry players are integrating technological advancements, such as the implementation of 3D printing, to maintain their competitive edge. 3D printing, a manufacturing method that constructs physical objects layer by layer from digital models by depositing materials such as plastic, metal, or resin, is revolutionizing production processes. For instance, in December 2022, Rapidia, a U.S.-based firm specializing in high-speed metal 3D printing, unveiled its pioneering Metal Paste Deposition (MPD) technology to the European market. Unsuch as conventional laser-based systems that melt metal powder, MPD utilizes a water-based metal paste containing metal particles bound in a water-and-binder mixture. During printing, the water component evaporates, leaving a 'green part' comprising metal particles and minimal binder residue. This approach bypasses the need for a debinding step, enabling printed components to directly enter the furnace for sintering.

In June 2022, Kautec Solutions, a Spain-based company renowned for its innovative field and cloud-connected technologies in manufacturing various equipment for aluminum extrusion processes, completed the acquisition of Tecalex, a fellow Spain-based enterprise specializing in machinery for aluminum extrusion profiles. This acquisition equips Kautec with Tecalex's extensive expertise, granting it exclusive rights as the authorized producer of replacement parts and original Tecalex components for extrusion equipment.

Major companies operating in the extrusion machinery market report are 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..

North America was the largest region in the extrusion machinery market in 2023. The regions covered in the extrusion machinery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the extrusion machinery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The main types of extrusion machinery are single-screw and twin-screw. Single-screw extrusion involves a device with a single screw in the extruder barrel. The materials processed by extrusion machinery include metals, polymers, concrete, ceramics, and foodstuffs. Different extrusion processes, such as cold extrusion, hot extrusion, friction extrusion, are employed based on the specific application. Extrusion machinery finds applications in diverse industries, including construction, consumer goods, automotive, packaging, and other end-uses.

The extrusion machinery market research report is one of a series of new reports that provides extrusion machinery market statistics, including extrusion machinery industry global market size, regional shares, competitors with extrusion machinery market share, detailed extrusion machinery market segments, market trends, and opportunities, and any further data you may need to thrive in the extrusion machinery industry. This extrusion machinery market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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