Extrusion Machinery Market Size, Share & Trends Analysis Report By Material (Plastic), By Type (Single-screw), By End-use (Construction), By Region, And Segment Forecasts, 2023 - 2030

Report Overview

The global extrusion machinery market size was valued at USD 8.33 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 4.3% over the forecast period. Growing demand for plastic and metal products and high investment in the construction industry is likely to be the key drivers for market growth over the forecast period. The well-established players in the market have been concentrating on cost cutting to achieve economies of scale as the COVID-19-induced crisis has hampered their economic growth and reduced their discretionary expenditure. The pandemic has resulted in global unemployment, risen inflation rate, and increased interest rates on loans. These macroeconomic variables have slowed industrial expansions, thereby impacting the growth of the market for extrusion machinery during the forecast period.

The automotive industry undergone a stagnant phase due to the ongoing COVID-19 pandemic. However, the advent of electric vehicles is likely to disrupt the automotive industry with OEM companies such as Ford, General Motors, and Chevrolet launching or planning to launch electric vehicle models. The growing EV industry is estimated to increase the demand for aluminum-extruded parts and in turn, is likely to boost the market growth for extruders.

According to the National Institute of Standards and Technology (NIST) of the U.S., the manufacturing sector of the country contributed a share of 10.8% to its GDP in 2020. The growth of the manufacturing sector in the country is likely to fuel the demand for extrusion machinery used in the automotive, consumer goods, and packaging industries during the projected timeframe.

Rising fuel prices have triggered the requirement for fuel-efficient vehicles across the globe. Extruded products are most widely utilized in the automotive industry owing to their high strength-to-weight ratio. Growing environmental concerns, along with the imposition of stringent regulations regarding pollution control, have forced automobile manufacturers to enhance their technologies and develop vehicles with low pollution.

Factors such as lightweight, increased corrosion resistance, high tensile strength, easy moldability, and high-temperature endurance lead to the increased adoption of extruded plastics in the automotive industry. Moreover, the rising production of electric vehicles in the U.S. is also projected to increase the demand for extruded products in the country. This, in turn, is anticipated to contribute to the demand for extrusion machinery over the forecast period.

Material Insights

The plastic material segment led the market and accounted for 76.9% of the global revenue share in 2022. Plastic materials are extensively used in the extrusion process owing to their ability to be formed into complex shapes and their relative ease compared to metals or ceramics.

Plastic extruded parts provide a solution for high-volume and cost-efficiency. The recent trend of light-weight material in the automotive industry to enhance fuel efficiency has resulted in increased use of plastic extruded parts. Furthermore, the growing adoption of extruded products in the packaging industry is projected to drive the market of extrusion machinery over the forecast period.

The metal material segment is expected to grow at a CAGR of 3.9% over the forecast period. Metal extrusion is used to produce numerous products including rods, bars, pipes, channels, square tubes, rectangular tubes, and I-beams. In addition, metal extrusion has a wide range of applications in the production of consumer goods including furniture, refrigerators & freezers, toys, sporting & athletic goods, and other major appliances.

Other materials include rubber and ceramic. Commonly used rubber materials for the extrusion process include butyl rubber, nitrile rubber, EPDM rubber, neoprene, viton, silicone, and polyisoprene. Growing demand for rubber-extruded products in the automotive and transportation, consumer goods, and construction industries is projected to drive the demand for the rubber extrusion machinery market over the forecast period.

Type Insights

The single-screw segment led the market and accounted for 63.2% of the global revenue share in 2022 as they offer continuous output, compact design, low noise emission, low cost, and easy operation. Single screw extruders are mainly used in plastic forming. Thermoplastics are the largest group of plastic materials extruded through single screw extruders.

Single screw extruders have a wide range of applications in the production of numerous products including rubber sheets for conveyors, automobile tires, plastic film/sheet, cling films, thermal insulation board, food storage bags, rotor blades for wind turbines, window frames, weather stripping, house siding, pipe, and tubes.

The demand for twin-screw is expected to expand at a CAGR of 5.1% over the forecast period. Twin-screw extrusion machinery has a high level of process flexibility along with the capability to handle numerous processes including mixing, melting, cooking, cooling, and venting. This machinery is highly energy-efficient as it has about 30% lower power consumption than a single screw extruder.

Twin screw extrusion machinery offers numerous advantages such as excellent compounding ability, easy material feeding, excellent exhaust ability, and high productivity. The above-mentioned factors are projected to drive the demand for twin-screw extrusion machinery over the forecast period.

End-use Insights

The construction segment led the market and accounted for 31.7% of the global revenue share in 2022. The growth of the construction industry has resulted in an increased demand for extruded products including window frames, curtain walling, door frames, roofing & exterior claddings, canopies, space frame systems, and arches, thereby driving the demand for extrusion machinery in the construction industry.

Extrusion machinery has a wide variety of applications in the production of numerous consumer goods such as televisions, computers, lighting, refrigerators, music players, ladders, toys, furniture, bottles, sporting goods, pet accessories, and containers. In the past few years, most of the traditional materials such as glass, wood, and metal have been replaced by high-quality plastics, thereby augmenting the demand for plastic extrusion machinery.

The packaging segment is estimated to expand at a CAGR of 5.1% over the forecast period. Increasing demand for processed food, consumer goods, and beverages is a major factor driving the packaging industry. The high demand for packaging in food and pharmaceutical sectors is expected to further complement the market growth.

In vehicles, extrusions have wide applications inside rails, front and rear frame rails, roof rails, anti-intrusion beams, radiator beams, fuel distribution pipes, engine mounts, seat tracks, crush bumpers, longitudinal beams, crush bumpers, underbody space frame rockers, windshield wipers, trim, and tailgate frames.

Regional Insights

Asia Pacific led the market and accounted for over 41.1% of the global revenue in 2022. owing to the increasing packaging applications as a result of technology improvements, a stronger economy in the Asia Pacific area, driving industrial output and construction activities, and an increase in demand for high-end machinery in the food and beverage industry.

North America accounted for over 19.1% of the global revenue in 2022 owing to the strong presence of various small and medium-sized end-use manufacturing industries, including as packaging, consumer goods, construction, and automotive, among others, that require high-quality extruded components.

The demand for extrusion machinery is estimated to witness growth at a CAGR of 4.1% in Europe over the forecast period. The automotive industry is growing rapidly in Europe which is increasing the demand for aluminum extruded parts such as include engine blocks, panels, and chassis of automobiles, transmission housings, lorries, railway and roof rails, subway cars, as well as vehicle bodywork. This would have a positive impact on the demand for extrusion machinery over the forecast period.

The demand for extrusion machinery is estimated to witness growth at a CAGR of 3.4% in Central & South America over the forecast period. Building & construction industry holds a dominant share in the extrusion machinery market. Extruded products that are used in the construction industry include extrusion profiles of doors, windows, roofing, glasshouses, decking, and exterior building decoration

Key Companies & Market Share Insights

The market is highly competitive and consolidated owing to the presence of global players and the intense competition posed to them by domestic players. Providers of extrusion machinery services are adopting several strategies, including acquisitions, mergers, joint ventures, new product developments, and geographical expansions to enhance their presence in the market and cater to the changing technological requirements.

For instance, in April 2021, BC Extrusion Holding GmbH launched a multi-purpose co-extruder uniEX single screw extruder series, which can be used for sheet and board extrusion. Extruders included in this new series are compact. They have wide processing windows and high throughput with gentle melt treatment. Some of the prominent players in the extrusion machinery market include:

• KraussMaffei

• Milacron

• The Japan Steel Works, LTD.

• NFM / Welding Engineers, Inc.

• BC Extrusion Holding GmbH

• WENGER MANUFACTURING

• Davis Standard

• Extrusion Technik USA, Inc.

• Graham Engineering

• AMUT S.P.A.

Extrusion Machinery Market Report Scope

Global Extrusion Machinery Market Segmentation

This report forecasts revenue growth at global, regional, and country levels, and provides an analysis of the latest trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the global extrusion machinery market report on the basis of material, type, end-use, and region:

• Material Outlook (Revenue, USD Million, 2018 - 2030)

  • Plastic

  • Metal

  • Others

• Type Outlook (Revenue, USD Million, 2018 - 2030)

  • Single-screw

  • Twin-screw

• End-use Outlook (Revenue, USD Million, 2018 - 2030)

  • Construction

  • Consumer Goods

  • Automotive

  • Packaging

  • Others

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • U.K.

    • France

    • Italy

  • Asia Pacific

    • China

    • India

    • Japan

    • Australia

  • Central & South America

    • Brazil

    • Argentina

  • Middle East & Africa

    • Saudi Arabia

    • South Africa