According to a new report, published by KBV research, The Global Plastic Extrusion Machines Market size is expected to reach $9.5 billion by 2031, rising at a market growth of 4.6% CAGR during the forecast period.
The Twin-screw segment is leading the Global Plastic Extrusion Machines Market by Machine Type in 2023; thereby, achieving a market value of $5.1 billion by 2031. Twin-screw extruders offer advantages such as higher throughput, better mixing capabilities, and the ability to process a wider range of materials than single-screw extruders. This allows for processing more complex materials, handling higher viscosities, and achieving better product quality and consistency. They are commonly used in applications that require higher precision and consistency, such as compounding, recycling, and extrusion of high-performance materials.
Aftermarket segment is showcasing a CAGR of 5.5% during (2024 - 2031). The aftermarket segment includes services such as maintenance, repair, and refurbishment of existing machines. As the installed base of plastic extrusion machines continues to grow, the demand for aftermarket services also increases. Manufacturers and service providers in the aftermarket segment offer solutions to optimize the performance and extend the lifespan of existing machines, which is crucial for maintaining operational efficiency and reducing downtime.
The Blown Film Extrusion segment dominated the Global Plastic Extrusion Machines Market by Process Type in 2023; thereby, achieving a market value of $3.1 billion by 2031. Blown film extrusion is a widely used process for manufacturing plastic films for various applications such as packaging, agriculture, and construction. The procedure entails extruding a molten plastic tube through a circular die, which is inflated to produce a thin film. Blown film extrusion machines are employed to manufacture a diverse array of film types, such as polypropylene (PP), low-density polyethylene (LDPE), and high-density polyethylene (HDPE).
The Transportation segment would register a CAGR of 5.1% during (2024 - 2031). The automotive industry, in particular, is a major contributor to the demand for plastic extrusion machines in the transportation segment. Plastic components such as dashboards, bumpers, and interior trims are essential for modern vehicles and are manufactured using extrusion processes. The demand for plastic extrusion machines in the transportation sector is further fueled by the lightweight nature of plastic, which aids in reducing vehicle weight, enhancing fuel efficiency, and compliance with emission regulations
Full Report: https://www.kbvresearch.com/plastic-extrusion-machines-market/
The Asia Pacific region dominated the Global Plastic Extrusion Machines Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $3.9 billion by 2031. The Europe region is experiencing a CAGR of 4.1% during (2024 - 2031). Additionally, The North America region would exhibit a CAGR of 4.3% during (2024 - 2031).
By Machine Type
By Solution
By Process Type
By Application
By Geography
Unique Offerings 
