Global Extruders Market value to reach USD 12 billion by 2027

January 12, 2022

According to the report titled ‘Global Extruders Market Size study, by Extruder Type (Single-Screw Extruder, Twin-Screw Extruder, Ram Extruder), by End-Use Industry (Building & Construction, Transportation, Consumer Goods, Others), and Regional Forecasts 2021-2027’, available with MarketStudyReport, global extruders market was valued at USD 8.9 billion in the year 2020 and is estimated to grow at a rate of 4.4% over the next six years, thereby reaching a valuation of USD 12 billion by the year 2027.

Rising demand for metal and plastic goods, significant investments in construction & building sector resulting in increased adoption of extruders, and an upsurge in automation are driving the growth of global extruders market.

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In this regard, Statista reported that the total spending in the construction industry is expected to increase from USD 9.5 trillion in 2014 to around USD 19.2 trillion by the year 2035. 

For the unversed, extruders are machines used in the production of wire coverings, tire treads, tubing, and other such long continuous components. These machines are leveraged in the manufacturing of commodities that involve length cutting.

Increasing demand for extruded products for roofing & exterior cladding, arches, canopies, curtain walling, space frames, window, and door frames among others in commercial & residential buildings will further augment the industry scenario.

Despite the positive outlook, high costs of purchasing, setting up, and maintaining the machines is likely to hinder the industry development in the forthcoming years. 

Based on extruder type, worldwide extruders market is categorized into ram extruder, single-screw extruder, and twin-screw extruder. In terms of end-user spectrum, the industry is divided into consumer goods, transportation, building & construction, and others. 

From a regional standpoint, Asia Pacific market share is poised to grow momentously during the projected timeframe, due to low cost of production, huge investments across various industries like infrastructure, oil & gas, automotive, chemical, building & construction, and electronics, and high economic growth of nations in the region.

The competitive landscape of global extruders industry is defined by companies such as BOCO PARDUBICE Machines S.R.O., Hillenbrand, Inc., Leistritz AG, Davis-Standard LLC, Japan Steel Works Ltd., Battenfeld-Cincinnati, Krauss-Maffei Wegmann GmbH & Co. KG, Clextral, Shibaura Machine Co. Ltd. (formerly Toshiba Machine Co. Ltd.), and NFM Welding Engineers, Inc. among others.

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