A practice of mixing and melting a material and processing it into a semi-finished and finished part is carried out in an extruder and compounding machine. It is used in to mix one or more polymers and additives to form plastic compound. Several industries such as chemicals, pharmaceutical and food & beverage are highly deploying extruder and compounding machine. It is widely used to perform precise application such as mixing of pigment with additives, reactive extruder, masterbatch addition, degasification of volatile component, reinforcement with fiber material and chemical reactions (polycondensation and polymerization).
According to the Future Market Insights report, the global extruder and compounding machine market was valued at US$ 11.5 Bn in 2017 and estimated to reach US$ 18.0 Bn by the end of 2027. The market is expected to register a CAGR of 4.7% during the forecast period 2017 – 2027. Several manufacturers are expected to invest heavily to develop existing standard machineries in order to gain competitive advantage and strengthen company’s brand image.
What are the dynamic factors to drive extruder and compounding machine market?
- Increase in the production of plastic across the globe
- Growing integration of (IoT) internet of thing in extruder and compounding process
- Increasing adoption of extruder and compounding machineries in small and medium scale enterprise
- Substantial growth observed in food & beverage industry
However, stringent directives associated with the reduction in use of plastic product coupled with the enforcement of regulation on using non-green machineries is expected to hinder extruder and compounding machine market growth opportunities.
Which type of extruder and compounding machine is anticipated to remain prevalent in demand during the forecast period?
Extruder and compounding machines are primarily found in three basic types based on its operating level which includes single screw, twin screw and ram type extruder and compounding machines. Among these, sales of twin screw extruder and compounding machines are expected to account for maximum value share during the forecast period.
Where can market players foresee high level of profitability margin?
A wide variety for extruder and compounding machine is available in the market for several application in flooring sheets, PVC cables, masterbatch production and etc. Among these, increasing production of specialty plastics is expected to surge demand for extruder and compounding machine in the near future. Thereby, plastic industry is anticipated to contribute towards the profitable growth of extruder and compounding market across the globe. Followed by the plastic industry, food and beverage industry is expected to offer potential opportunities for manufacturers. Growing adoption of extruder and compounding machine for its utilization in production of textured food items like ready-to-cereal, pet food, pasta and TVP (Textured vegetable protein).
What is the future scenario for tissue paper converting machine market?
Emerging economies of the regions like the Asia-Pacific excluding Japan (APEJ) and the Middle East & Africa (MEA) are expected to represent gradual inclination towards incorporation of automated manufacturing line. In order to increase the production and efficiency of a certain industry, demand for extruder and compounding machine is expected to rise promptly in the near future.
Several major companies such as Theysohn Extrusionstechnik GmbH, The Japan Steel Works Ltd., Battenfeld-Cincinnati, Toshiba Machine Co., Ltd., KraussMaffei Berstorff GmbH, Gneuss Kunststofftechnik GmbH, Kabra Extrusion Technik Ltd., Cheng-Hua Machinery Co., Ltd., SML Maschinengesellschaft mbH, Clextral S.A.S. and Davis-Standard, LLC are some of the key stake holders operating in the tissue paper converting machines market.
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