The North America Plastic Extrusion Machines Market would witness market growth of 4.3% CAGR during the forecast period (2024-2031).
The US market dominated the North America Plastic Extrusion Machines Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,757.6 million by 2031. The Canada market is experiencing a CAGR of 6.7% during (2024 - 2031). Additionally, The Mexico market is exhibiting a CAGR of 5.8% during (2024 - 2031).
Plastic extrusion machines are vital in manufacturing numerous products integral to modern life. These machines enable the production of household goods and complex industrial components. The process begins with feeding raw plastic materials, such as pellets or powders, into the extruder's hopper.
Moreover, the materials are then melted and homogenized as they pass through the heated barrel, driven by a rotating screw. The final step involves forcing the molten plastic through a die, which molds it into the desired continuous form.
In North America, the strong presence of automotive, construction, and healthcare industries drives the demand for advanced extrusion technologies. Innovations in extrusion processes and materials are consistent with the region's emphasis on energy efficiency and sustainability. The medical equipment and supplies manufacturing industry is comprised of 5,176 establishments across the United States as of 2017. In 2019, foreign direct investment contributed $72.1 billion to the industry, according to the International Trade Administration (ITA). This growth is spurred by the increasing need for medical tubing, catheters, and packaging for pharmaceuticals, all of which rely heavily on plastic extrusion processes.
Free Valuable Insights: The Plastic Extrusion Machines Market is Predict to reach USD 9.5 Billion by 2031, at a CAGR of 4.6%
Based on Machine Type, the market is segmented into Twin-screw, and Single-screw. Based on Solution, the market is segmented into New sales, and Aftermarket. Based on Process Type, the market is segmented into Blown Film Extrusion, Tubing Extrusion, Sheet/Film Extrusion, and Others. Based on Application, the market is segmented into Building & construction, Transportation, Consumer Goods, Medical, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Machine Type
By Solution
By Process Type
By Application
By Country
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