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According to a new report published by Allied Market Research, titled, “Plastic Extrusion Machines Market by Machine Type, Solution, Process Type, and Application: Opportunity Analysis and Industry Forecast, 2020–2027,” 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.Request for a Premium Sample Report @
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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.
Manufacturing sectors such as automotive, packaging, healthcare, and others, exhibit high demand for various types of plastic extrusion machine. Plastic extrusion is a method used for producing fixed cross-sectional profile plastic products. Polymers such as PVC, PP, and PE, are pressed through a die of desired shape and cross-section to produce extruded plastic products, including weather-stripping lines, pipes, tubes, plastic films, window frames, plastic sheet, wire insulations, and thermoplastic coatings.
Geographic Review
The global plastic extrusion machine market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific is expected to dominate the market throughout the forecast period.
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Key Players
The key players profiled in this report include 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.
Key Findings
The report provides an extensive analysis of the current and emerging plastic extrusion machines market trends and dynamics.
Based on process type, the blown film extrusion segment was the largest revenue generating segment in 2019.
On the basis of machine type, twin screw extrusion machine segment generated the highest revenue, in 2019.
The aftermarket segment is projected to grow at a significant CAGR during the forecast period.
Based on application, the building & construction segment was the largest revenue-generating segment in 2019.
Region-wise, Asia-Pacific region is anticipated to dominate the global plastic extrusion machine market throughout the study period.
The report provides an extensive analysis of the plastic extrusion machines market trends and emerging opportunities of the market.
The global plastic extrusion machines market forecast analysis from 2020 to 2027 is included in the report.
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Contact Info:
Name: David Correa
Email: Send Email
Organization: Allied Market Research
Address: 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States
Phone: 18007925285
Website: https://www.alliedmarketresearch.com
Release ID: 89033571
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