The Global Plastic Extrusion Machines Market size is expected to reach $9.5 billion by 2031, rising at a market growth of 4.6% CAGR during the forecast period.
The booming manufacturing sector in countries like China and India drives the demand for plastic products used in packaging, construction, and various other industries. Thus, the Asia Pacific region acquired 40% revenue share in the market 2023. This, in turn, fuels the need for extrusion machines. The region's focus on cost-effectiveness often makes plastic an attractive material choice compared to alternatives. This affordability factor translates to a high demand for plastic extrusion machinery.
The affordability of plastic as a material is a key factor driving the competitive pricing of plastic products. Raw plastic resins are generally less expensive than metals or wood. This translates directly into lower production costs for the final plastic good. Additionally, the extrusion process itself is quite efficient.
Additionally, the lightweight nature of plastic reduces transportation costs and simplifies handling and installation, making it an economically viable choice for large-scale construction projects. Therefore, the growth of the construction industry will aid in the market's growth.
However, the plastic extrusion industry is especially susceptible to volatile raw material prices, notably polymers and resins. Industry relies heavily on these materials, which form the basis of plastic products and can constitute a significant portion of production costs. Thus, the price volatility may deter the expansion of the market.
The booming manufacturing sector in countries like China and India drives the demand for plastic products used in packaging, construction, and various other industries. Thus, the Asia Pacific region acquired 40% revenue share in the market 2023. This, in turn, fuels the need for extrusion machines. The region's focus on cost-effectiveness often makes plastic an attractive material choice compared to alternatives. This affordability factor translates to a high demand for plastic extrusion machinery.
The affordability of plastic as a material is a key factor driving the competitive pricing of plastic products. Raw plastic resins are generally less expensive than metals or wood. This translates directly into lower production costs for the final plastic good. Additionally, the extrusion process itself is quite efficient.
Additionally, the lightweight nature of plastic reduces transportation costs and simplifies handling and installation, making it an economically viable choice for large-scale construction projects. Therefore, the growth of the construction industry will aid in the market's growth.
However, the plastic extrusion industry is especially susceptible to volatile raw material prices, notably polymers and resins. Industry relies heavily on these materials, which form the basis of plastic products and can constitute a significant portion of production costs. Thus, the price volatility may deter the expansion of the market.
Driving and Restraining Factors
Drivers- Competitive pricing and cost advantages
- Innovations in plastic extrusion technology
- Growth in the construction industry
- High initial cost of purchasing and setting up machines
- Volatility in raw material prices
- Rising urbanization and infrastructure development
- Rapid expansion of the automotive industry
- Competition from alternative technologies
- Technological challenges regarding continuous updates and investments
Machine Type Outlook
On the basis of machine type, the market is classified into single-screw and twin-screw. The single-screw segment recorded 46.1% revenue share in the market in 2023. Single-screw extruders are widely used in the industry due to their simplicity, lower cost, and ability to process a wide range of materials.Solution Outlook
Based on solution, the market is segmented into new sales and aftermarket. The new sales segment procured 73.8% revenue share in the market in 2023. This is partially due to the ongoing demand for new plastic extrusion machines to satisfy the expanding requirements of various industries.
Process Type Outlook
By process type, the market is divided into blown film extrusion, sheet/film extrusion, tubing extrusion, and others. The tubing extrusion segment garnered 26.9% revenue share in the market in 2023. Tubing extrusion is used to manufacture plastic tubes and pipes for plumbing, medical devices, and automotive components.Application Outlook
building & construction, and others. The building & construction segment garnered 33% revenue share in the market in 2023. Extrusion processes are employed to manufacture pipes, profiles, and insulation materials among the plastic products in high demand in the construction industry.Regional Outlook
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America segment witnessed 26.2% revenue share in the market in 2023. North American manufacturers are at the forefront of developing innovative extrusion technologies, leading to a demand for advanced machinery.List of Key Companies Profiled
- Sinochem Holdings Corporation Ltd. (SASAC)
- Bausano & Figli S.p.A.
- Costruzioni Meccaniche Luigi Bandera SpA
- Kabra ExtrusionTechnik Ltd.
- Hillenbrand, Inc.
- Reifenhauser Group
- Japan Steel Works, Ltd.
- Shibaura Machine Co. Ltd.
- UNION Officine Meccaniche s.p.a.
- Windsor Machines Pvt. Ltd.
Market Report Segmentation
By Machine Type- Twin-screw
- Single-screw
- New sales
- Aftermarket
- Blown Film Extrusion
- Tubing Extrusion
- Sheet/Film Extrusion
- Others
- Building & construction
- Transportation
- Consumer Goods
- Medical
- Others
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Global Plastic Extrusion Machines Market by Machine Type
Chapter 5. Global Plastic Extrusion Machines Market by Solution
Chapter 6. Global Plastic Extrusion Machines Market by Process Type
Chapter 7. Global Plastic Extrusion Machines Market by Application
Chapter 8. Global Plastic Extrusion Machines Market by Region
Chapter 9. Company Profiles
Companies Mentioned
- Sinochem Holdings Corporation Ltd. (SASAC)
- Bausano & Figli S.p.A.
- Costruzioni Meccaniche Luigi Bandera SpA
- Kabra ExtrusionTechnik Ltd.
- Hillenbrand, Inc.
- Reifenhauser Group
- Japan Steel Works, Ltd.
- Shibaura Machine Co. Ltd.
- UNION Officine Meccaniche s.p.a.
- Windsor Machines Pvt. Ltd.
Methodology
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