The plastic extrusion machine market has been witnessing steady growth in recent years due to the increasing demand for plastic products across various industries. Plastic extrusion machines are used to create a wide range of products, including pipes, tubes, sheets, and profiles, by melting and shaping plastic raw materials.
The Global Plastic Extrusion Machines Market size was valued at $6.3 billion in 2019, and is projected to reach $7.9 billion by 2027, registering a CAGR of 4.5% from 2020 to 2027.
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Top Companies
ARBURG, ENGEL, Haitian International, Husky Injection Molding Systems, KraussMaffei Group, Milacron Holdings Corp., Nissei Plastic Industrial Co., Ltd., Sumitomo Heavy Industries, The Japan Steel Works, Ube Industries, Ltd., Shibaura Machine Co Ltd., Nigon Machines Ltd., and BMB s.p.A.
Using plastic extrusion machine, highly precise mass production of extruded plastic components is possible. Plastic extrusion machine serves as an energy efficient and ideal solution for producing large volume of continuous profile plastic products. The global plastic extrusion machine market growth is driven by surge in demand for extruded plastic products globally. In addition, the market for plastic extrusion machine is chiefly propelled by the rising demand for extruded parts from various end-use industries such as the automotive, packaging, construction, and others.
Currently, leading companies in the plastic extrusion machine market, which have widespread existence worldwide, lead the market with their extensive distribution network in couple with their high-tech product portfolio, which is a key compelling factor for the global plastic extrusion machine market development.
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Further, key players are focused on introducing innovative, energy-efficient, reliable, and advanced plastic extrusion machine in the market; for example, Theysohn Extrusionstechnik GmbH deals in plastic extruders equipped with the newest technology in parallel twin-screw extrusion. With the improved gearbox design of Theysohn, high energy savings have been achieved.
Moreover, the shipments of plastic extrusion machinery and injection molding machinery in North America registered a growth of 15.8% followed by 4.5% increase in the Second quarter 2019. In quarter 3 of 2019, shipments of machinery increase by 4.6%.
The twin-screw segment is anticipated to dominate the global plastic extrusion machine market throughout the study period in terms of value. Based on solution, the market is bifurcated into new sales and aftermarket. The new sales segment is anticipated to dominate the global plastic extrusion machine market throughout the study period. Based on process type, the market is divided into blown film extrusion, sheet/film extrusion, tubing extrusion, and others. In terms of revenue, the blown film extrusion segment is estimated to hold a major global plastic extrusion machine market share throughout the study period.
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