Extruders Global Market Report 2024

The extruders market size has grown strongly in recent years. It will grow from $9.92 billion in 2023 to $10.43 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. The growth observed in the historical period can be attributed to factors such as the expansion of the plastic industry, the demand for food processing equipment, advancements in construction materials, the increasing application in pharmaceuticals, and the growing awareness of recycling.

The extruders market size is expected to see strong growth in the next few years. It will grow to $12.85 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The anticipated growth in the forecast period can be attributed to factors such as the use of sustainable and biodegradable materials, the production of 3D printing filaments, the demand for energy-efficient machinery, applications in biomedical material processing, and the use of rapid prototyping in aerospace. Major trends expected in the forecast period include digitalization and industry 4.0, advancements in technology, an increase in 3D printing extruders, a higher adoption of twin-screw extruders, and a growing application in medical extrusion.

The growth of the packaging industry is anticipated to drive the expansion of the extruders market. Packaging involves enclosing or safeguarding a product in a container to aid in distribution, identification, storage, promotion, and usage. Extrusion, a commercially effective technique, is witnessing increased demand, particularly in the food sector, encompassing food processing, digital food marketing, and food packaging. For example, in October 2021, Invest India, a national investment promotion and facilitation agency based in India, reported that the packaging sector in India is experiencing growth at a Compound Annual Growth Rate (CAGR) of 22% to 25%. Additionally, as per the Flexible Packaging Association's 2021 report, the US Flexible Packaging market achieved $39 billion in sales in the same year. Hence, the rising packaging industry is a key factor propelling the demand for extruders in the market.

The growth of the extruder market is expected to be propelled by increasing construction activities. Construction activities encompass the physical processes and tasks involved in building structures, infrastructure, or facilities. Extruders play a vital role in the construction industry for manufacturing products such as pipes, profiles, and sheets. For example, in March 2023, the Office for National Statistics in the UK reported that in the fourth quarter of 2022, quarterly construction production increased by 0.3% compared to the third quarter of 2022. Furthermore, after experiencing a record growth of 12.8% in 2021, the annual production of construction increased by 5.6% in 2022 compared to 2021. Hence, the growth in construction activities is expected to drive the demand for extruders in the market.

Technological advancements are emerging as a significant trend in the extruders market. Major companies in the market are focusing on developing products with advanced technologies to strengthen their positions. For example, in March 2021, GEA Group AG, a German-based food processing technology company, introduced the xTru Twin 140. This technology incorporates powered screws, providing consumers with up to 40% more capacity while maintaining the same efficiency, quality, and footprint as previous iterations. Moreover, this high-capacity technology can be applied to various GEA xTru Twin extruder types, allowing for increased capacity without modifying the industrial design. The GEA xTru Twin extruders are versatile and can manufacture a range of products, including cereal-based snack pellets, morning cereals, dry pet food, and other extruded food items with different shapes and characteristics. This innovation showcases the focus on leveraging advanced technologies to enhance the performance and capabilities of extruders in the market.

Major companies in the extruder market are concentrating on developing innovative solutions, including the introduction of new end-effector extruders, to gain a competitive edge. End-effector extruders, in this context, typically refer to specific tools or devices utilized in additive manufacturing processes, particularly in 3D printing. An example of this trend is seen in November 2023, when Carol, an Italy-based company specializing in robotic large-format polymer additive manufacturing, unveiled the 'High Versatility' extruder. This extruder is specifically designed for Carol's large Heron AM platform and is employed across various applications, including mid-sized tools, jigs, single tools, fixtures, architectural panels, furniture components, and marine superstructures. The 'High Versatility' extruder offers precision, efficiency, and rapid processing capabilities for different thermoplastic pellets, including advanced composite materials. This exemplifies the industry's commitment to developing cutting-edge solutions to enhance the versatility and performance of extruders in the market.

In November 2021, Gamut Capital Management LP, a US-based private equity company, completed the acquisition of Davis-Standard LLC for an undisclosed amount. This strategic investment by Gamut aimed to propel Davis-Standard's growth within its markets and establish the company as a leading global provider of process solutions. Davis-Standard LLC, based in the United States, specializes in supplying extrusion and converting systems, along with related aftermarket products and services. The company's product portfolio includes single and twin extruders, screw extruders, specialty extruders, reclaim, medical, and elastomer extruders. Davis-Standard has a significant global presence, with over $7.5 billion worth of installed equipment worldwide.

Major companies operating in the extruders market report are Hillenbrand Inc., Nordson Corporation, The Japan Steel Works Ltd., KraussMaffei Group GmbH, Coperion GmbH, Shibaura Machine Co. Ltd., Davis-Standard LLC, Reifenhauser GmbH & Co. KG Maschinenfabrik, Clextral S.A.S., Colines S.p.A., Keicher Engineering GmbH, Amut S.p.A., Theysohn Extrusionstechnik GmbH, Macchi S.p.A., Gamma Meccanica S.p.A., Union Officine Meccaniche S.p.A., Battenfeld-Cincinnati Austria GmbH, NFM Welding Engineers Inc., Leistritz AG, BC Extrusion Holding GmbH, Presezzi Extrusion S.p.A., Nanjing USEON Extrusion Equipment Co. Ltd., ENTEK Manufacturing Inc., Kuhne GmbH, W&H-Lengerich Maschinenbau GmbH, Clex Extrusion Technik GmbH, Bandera Luigi Costruzioni Meccaniche S.p.A., Sikora AG, Alpha Marathon Technologies Inc., Welex a Davis-Standard Company, Tecnomatic S.p.A., Kabra Extrusion Technik Ltd.

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

The primary types of extruders include single-screw extruders, twin-screw extruders, and ram extruders. Single-screw extruders involve increasing pressure in the polymer melt to facilitate extrusion through the die. These extruders find applications in various end-user industries such as building and construction, transportation, consumer goods, and others.

The extruders market research report is one of a series of new reports that provides extruders market statistics, including extruders industry global market size, regional shares, competitors with extruders market share, detailed extruders market segments, market trends, and opportunities, and any further data you may need to thrive in the extruders industry. This extruders 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 extruders market consists of sales of tubes, tire treads and wire covering products. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

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.