Extruders Market By Type (Ram Extruder, Single Screw Extruder and Twin Screw Extruder), By End User (Building & Construction, Consumer Appliances, Transportation and Others) and Geography    

Extruders Market size was valued at USD 8,793.2 million in 2022 and is anticipated to grow at a CAGR of 5.8 % over 2023-2029. The Extruders Market refers to the industry involved in the manufacturing and distribution of extrusion machinery and equipment. Extruders are versatile instruments used in a variety of industries to force materials through a die to shape and mold them. They are vital for industries including building, food processing, pharmaceutical manufacture, and extrusion of plastic and rubber. Extruders consist of a screw mechanism that rotates within a barrel. The material is fed into the extruder, where it is heated, melted, and then pushed through a die to create a desired shape or form. The extrusion industry serves a wide range of sectors, including packaging, automotive, building and construction, aerospace, and consumer products. Extruder demand is primarily driven by the requirement for efficient and cost-effective production processes capable of producing high-quality goods with uniform dimensions and features.

Moreover, the extruders market is expanding rapidly as a result of technological breakthroughs, raising demand for plastic and rubber goods, and the requirement for energy-efficient and ecologically friendly production solutions. Additionally, the introduction of extrusion-based additive manufacturing and 3D printing technologies has created new potential for extrusion processes, boosting extrusion market growth even further. However, the setup and installation of extrusion machines necessitate a large initial expenditure, which can be viewed as a major limitation of the extruder industry, particularly for small and medium-sized businesses. The market for extruders is extremely competitive, with several global and regional competitors offering a wide range of goods and services. Key market players prioritize R&D operations in order to deliver novel solutions and meet the changing demands of industries. For instance, in June 2019, Bühler introduced a new Single-Screw Extruder designed to give exceptional product quality to the pet food and aqua feed sectors.

Extruders Market Key Developments:     

• In September 2020, The KraussMaffei launched its four large ZE BluePower compounding extruders with a throughput capacity of 2,500 kg/h and more.
• In January 2021, ANDRITZ launched two new twin-screw extruders for the pet food and aquafeed industries.