Rockville , May 15, 2023 (GLOBE NEWSWIRE) -- As per Fact.MR, a provider of market research and competitive intelligence, The global twin screw extruder market has been valued at US$ 1.25 billion in 2023. The twin screw extruder industry is to increase at a CAGR of 4.5% from 2023 to 2033.
The global need for plastic goods, food and feed extrusion, and medicinal applications is accelerating market expansion for twin screw extruders. The increased demand for customized twin screw extruders is boosting market expansion. The growing demand for biodegradable polymers presents producers with considerable prospects in the twin screw extruder industry.
Get Free Sample Copy of This Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=8571
Sustainability in Manufacturing is Highlighted
Twin-screw extruders are becoming increasingly important in recycling and compounding processes as the emphasis on sustainability and environmental standards grows. The twin screw extruders make it easier to process recycled materials and incorporate additives into plastic products to improve their sustainability. This in turn aids in the escalation of twin screw extruder market trends.
Application-specific Solutions and Personalization
Extrusion procedures in different sectors have different criteria and standards. The twin screw extruder manufacturers can offer customized twin-screw extruders and application-specific solutions to niche industries. As pharmaceuticals, food processing, and chemicals can gain a competitive advantage by tapping into specialized market segments.
Increasing Interest in Additive Manufacturing
Twin-screw extruders are employed in additive manufacturing, generally known as 3D printing, a fast-rising sector of the twin screw extruder market. The capacity of twin-screw extruders to build complicated shapes with great precision and accuracy provides an opportunity for twin screw extruder manufacturers in this sector.
Limited Demand
Plastics, food processing, and pharmaceutical sectors fuel the market need for twin-screw extruders. If these sectors slow down or demand for their products falls, it might influence the twin screw extruder market. Economic downturns or shifts in consumer tastes can both contribute to decreased demand and have an impact on market growth.
Regional Prospective
North America is to be a prominent region of the twin-screw extruders market. Owing to the presence of key twin screw extruder manufacturers and the growing demand for twin-screw extruders. Due to expanding demand for processed food and feed products, as well as the increased usage of twin-screw extruders in the pharmaceutical industry. The United States is to be the dominant market in North America for twin screw extruders. Owing to the favorable government laws and regulations governing the adoption of twin-screw extruders. Canada is to be a substantial contributor to market growth for twin screw extruders.
Due to expanding demand from the food and feed processing industries and increasing usage of twin-screw extruders in the pharmaceutical sector, Europe is expected to be the second-leading market. Europe's leading twin screw extruder market includes the United Kingdom, Germany, France, Italy, and Spain.
Asia Pacific dominated the global twin screw extruder industry, accounting for more than 43% of total sales. Owing to the growing industrialization, the availability of low-cost labor and increased demand from end-use industries. Such as automotive, packaging material, and, the region is likely to grow significantly. China is to be a key twin screw extruder business due to its large availability of raw materials and trained labor at a cheaper cost than other developed countries.
Get Customization on this Report for Specific Research Solutions:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=8571
Key Takeaways
- The leading segment in the product category is the plastic industries segment.
- In the application category, the co-rotating product segment is expected to account for a significant market share.
- The twin screw extruder industry in the United Kingdom is likely to expand further.
- The twin screw extruder industry in the United States is predicted to increase at a moderate rate in the future years.
- Asia Pacific to account for the significant market share for twin screw extruders.
- China is expected to be one of the market's leading players for twin screw extruders.
Competitive Outlook
The twin screw extruder business is highly static and competitive, with numerous global and regional competitors dominating the majority of the market share for twin screw extruders. Strategies like research and development investments, product expansions, and mergers and acquisitions are being implemented by key companies.
The leading twin screw extruder manufacturers are keeping up with the twin screw extruders’ market trends to capitalize on new opportunities in the worldwide market.
Key Companies Profiled in This Report
- Clextral
- Coperion
- Thermo Fisher Scientific
- Zenix Industrial Co., Ltd.
- Friul Filiere S.p.A.
- Brabender GmbH & Co. KG
- Cheng Yieu Development Machinery Co., Ltd.
- ICMA San Giorgio S.p.A.
- Leistritz AG
- Maris S.p.A.
Novel Strategies
Brabender GmbH & Co. KG unveiled the B-TSE-S 30/40
A new electrically warmed twin-screw extruder, on November 8, 2022. This extruder can be used to make formulations and extrudates made of plastic, rubber, and others and a variety of other materials.
Cellforce Group revealed the use of two Coperion extruders.
The Cellforce Group stated on September 21, 2022, that its upcoming Kirchentellinsfurt production facility may utilize two Coperion extruders. To produce high-performance battery cells. When production starts, two ZSK Mc18 twin-screw extruders and a high-precision Coperion K-Tron feeder guarantee continuous manufacture of the battery compound.
Friul Filiere S.p.A developed extrusion process for PS foam profiles.
Friul Filiere S.p.A. produced a novel extrusion method for PS foam profiles on December 15, 2021. The system incorporates a unique gravimetric dosing mechanism with level sensors that mix the components as needed.
Key Segments
- By Product :
- Co-rotating
- Counter-rotating
- By Application :
- Plastic Industries
- Rubber Industries
- Food Industries
- Others (pharmaceutical, etc.)
- By Region :
- North America
- Europe
- Asia Pacific
- The Middle East & Africa
- South America
For in-depth competitive analysis, Buy Now:
https://www.factmr.com/checkout/8571
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global Twin Screw Extruder Market, presenting historical demand data for 2018 to 2022 and forecast statistics for 2023 to 2033.
The study divulges essential insights into the market based on (Co-rotating, and Counter-rotating), Application (Plastic Industries, Rubber Industries, Food Industries and Others (pharmaceutical, etc.)
Explore More Related Studies Published by Fact.MR Research:
Global Food Vacuum Drying Machine Market Snapshot: The global food vacuum drying machine market is estimated at USD 1,215 Million in 2022 and is forecast to surpass USD 1,728 Million by 2032, growing at a CAGR of 3.6% during 2022-2032.
Winding Machines Market Outlook: The global winding machines market has reached a valuation of US$ 3.5 billion in 2022 and is expected to progress at a noteworthy CAGR of 7.4% to increase to a size of US$ 7.14 billion by the end of 2032.
Global Grinding Machines Market Outlook: The global grinding machines market has reached a valuation of US$ 14,962.4 million in 2022 and is expected to progress at a CAGR of 5.8% to reach US$ 26,324.2 million by the end of 2032.
About Fact.MR
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client’s satisfaction.
Contact:
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232 (D)
Connect to Author: Mr. Shubham Patidar
Email: shubham@factmr.com
Sales Team: sales@factmr.com
Follow Us: LinkedIn | Twitter | YouTube
