Extruder Market

Extruder Market Outlook for 2024 to 2034

The global extruder market value is estimated to be USD 10.9 billion in 2024, according to the recently released industry analysis report. The use of extruder machines in plastic manufacturing processes is soaring due to the growing demand for plastic items across multiple industries, from consumer products to packaging.

As per market estimates, global extruder applications are predicted to develop at a moderate CAGR of 5.1% during the forecast period. The global extruder industry share is estimated to reach a value of about USD 18 billion by 2034.

Report Attribute	Details
Extruder Market Size (2024)	USD 10.9 billion
Market Anticipated Forecast Value (2034)	USD 18 billion
Market Projected Growth Rate (2024 to 2034)	5.1% CAGR

Extruder Market Trends & Analysis

• Continuous extruder machines are gaining traction these days due to the widening adoption of 3D printing technologies in industries. As 3D printing becomes popular in households, there is an expected rise in the need for plastic extrusion equipment in the retail sector as well in the coming days.
• Extrusion technology is becoming more popular in the food sector with the booming business of packaged and processed food items. Technological developments are making it possible to utilize different food materials, including cereals and snacks, thereby increasing the market potential for extruders in the food sector.

Extruder Market Historical Analysis Vs Forecast Outlook

The extruder market was valued at USD 7.9 billion in 2019. Based on the market survey report, it was found that the global extruder equipment market progressed at a rate of 6.8% between 2019 and 2023, reaching USD 10.3 billion in 2023. Global growth in the packaging sector during the pandemic years to comply with safety and hygiene standards for transported materials surged the demand for extrusion equipment.

Attributes	Details
Extruder Market Value (2019)	USD 7.9 billion
Market Revenue (2023)	USD 10.3 billion
Market Historical Growth Rate (CAGR 2019 to 2023)	6.8% CAGR

Prominent Factors Fueling the Extruder Market Growth

Developing extruder components to handle recycled materials or environmentally friendly polymers for a variety of uses, including packaging, is expected to fuel market growth in the coming days. Likewise, the use of high-efficiency brushless DC motors and variable frequency drives for better process control and lower energy usage, which is expected to attract more end users with environmental commitments or green branding.

Modern extruders are also helping the automobile industry meet its sustainability and fuel economy goals by assisting in the creation of lightweight components.

A rise in consumer demand for personalized goods, coupled with the proliferation of online retail channels or eCommerce websites, has created new opportunities for players in the plastic extrusion machine market. Industries seeking customized solutions are adopting polymer extrusion innovations that provide flexibility for a wide range of applications and product modifications.

Country-wise Insights

The table below lists the CAGRs for countries that are expected to experience higher growth in the plastic extrusion industry outlook.

Countries	Forecasted CAGR (2024 to 2034)
United States	5.3%
Japan	6.6%
United Kingdom	6.1%
South Korea	7.0%
China	5.9%

The United States Market is Advancing Fast with Widening Applications of Extruders

• The United States extruder market is expected to develop at a rate of 5.3% per year until 2034. The market value in this country is expected to reach USD 3.2 billion by 2034.
• The greater need for extruders capable of handling high-performance polymers for specific applications in electronics and aerospace has led to leading-edge technological advancements.
• A focus on environmentally friendly packaging solutions has increased the application of extruders for optimizing plastic use.

Renewable Energy Projects have boosted the United Kingdom Extruder Industry

The extruder manufacturing industry in the United Kingdom is likely to expand at a rate of 6.1% through the projected years. The market value in the United Kingdom is forecasted to reach USD 727.1 million by 2034.

• With the healthcare sector of the United Kingdom expanding rapidly, extruders are being used more in the manufacture of medical devices and fiber tubes.
• Currently, the manufacturing of solar panels and wind turbine parts for renewable energy systems using extruders is shaping the market growth in the United Kingdom.

China to Increase its Production and Export of Affordable Extruders

The extruder production in China is projected to grow at a rate of 5.9% per year between 2024 and 2034. The market value in this country is forecasted to reach USD 2.9 billion by 2034.

• China, as the leading producer of industrial equipment and tools in Asia, contributes a significant share to extruder production for exports.
• The need for extrusion technology in the textile sector is also fueling domestic demand, given that China is the leading producer of synthetic fibers and filaments.

Extruder Sales are Rising in Japan for Automation Features

The extruder sales in Japan are poised to grow at a rate of 6.6% per year through the projected years. The industry value in Japan is expected to reach USD 2 billion by 2034.

• The growing popularity of extruders manufactured in Japan is attributed to the integration of modern features such as automation, the Internet of Things (IoT), and data analytics.
• In Japan, there is a growing demand for extruders capable of processing polymers that degrade naturally.

Demand for Extruders Booming to Support Automotive Industry in South Korea

Demand for extruders in South Korea is expected to register a 7.0% CAGR from 2024 to 2034. The net worth of the market in South Korea is likely to reach USD 1.2 billion by 2034.

• Extruders are in greater demand in South Korea for manufacturing automotive components such as seals and profiles.
• The automotive industry's focus on innovation is expected to drive the adoption of advanced extrusion equipment in the country.

Category-wise Insights

Single-screw Extruder dominates over Double-screw Extruder

Based on product type, the single screw extruder is in higher demand and constitutes the leading segment. This segment is expected to expand further at a rate of 4.8% per year throughout the assessment period.

Attributes	Details
Top Product Type or Segment	Single Screw Extruder
Market Segment Growth Rate from 2024 to 2034	4.8% CAGR
Market Segment Growth Rate from 2019 to 2023	6.6% CAGR

• Single-screw extruders are essential for the production of wires and cables, and the rising need for electrical infrastructure worldwide is driving this segment.
• Growth in the electronics wire and cable, medical equipment, as well as the textile sectors is expected to strengthen the double-screw extruder segment in the future.

Building & Construction Industrial Sector is Currently Creating Higher Demand

Among the different end-user industries requiring extruders, the building and construction industry is the dominant segment. The demand for industrial extruders in this segment is poised to increase at a 4.6% CAGR through 2034.

Attributes	Details
Top End User Industry Type or Segment	Building & Construction
Market Segment Growth Rate from 2024 to 2034	4.6% CAGR
Market Segment Growth Rate from 2019 to 2023	6.4% CAGR

• Extruders have become crucial at construction sites for the production of building materials, including pipes, profiles, and sheets.
• An increase in building projects, coupled with rising investment in infrastructure and housing development, is expected to fuel the growth of this segment.

Competitive Landscape for Extruder Market

The overall market is somewhat concentrated as most of the leading industrial equipment manufacturers are currently present in the North America, Europe, or East Asia. The need for robust supply networks is what motivates industrializing economies to establish enterprises to manufacture extruders for internal production and supply chain management. Consequently, many new players are expected to emerge during the projected years and diversify the market.

Recent Developments in the Extruder Market

• In August 2021, GEA introduced its xTru Twin line of high-capacity extruders for the pet food and food sectors. GEA experts have utilized their expertise to enhance capacity by increasing the screw's pitch, rotating speed, and cross-sectional area on the new machines. With its improved profile, the new flagship xTru Twin 140 extruder machine offers users up to 40% more capacity while preserving the screw's length and extruder footprint.
• In November 2022, Brabender introduced the new electrically heated twin-screw extruder B-TSE-S 30/40 Big Compounder at the K show. This new extruder has an extremely small design and was created by merging the motor and processing unit into one unit as a bridge between a laboratory and a pilot plant. It may be used for formulating and small-scale manufacturing of a wide range of extrudates, including those made of plastic, rubber, food, feed, and several other extrudable materials. Anode and cathode materials have also been extruded on a conductive film in a laboratory setting using the Brabender extruder.

Key Players Profiled in the Extruder Market Report

• Everplast
• Clextral
• Presezzi Extrusion S.p.A.
• KraussMaffei
• BREYER GmbH Maschinenfbrik
• Corperion GmbH
• EXTRUDEX Kunstsoffmaschinen GmbH
• BC Extrusion Holding GmbH
• Kabra ExtrusionTechnik Ltd.

Key Coverage in the Extruder Market Report

• Adjacent Study on Pipe Screw Extruder Market and Rubber Extruder Market
• In-depth Exploration of Variation of Extruder Machine Price with Regions
• Demand Analysis of Different Types of Extruders
• Rising Scope of Extruder 3D Printer

Extruder Market Report Scope

Attribute	Details
Estimated Market Size (2024)	USD 10.9 billion
Projected Market Size (2034)	USD 18 billion
Anticipated Growth Rate (2024 to 2034)	5.1%
Forecast Period	2024 to 2034
Historical Data Available for	2019 to 2023
Market Analysis	USD million or billion for Value and Units for Volume
Key Regions Covered	North America, Latin America, Europe, Middle East & Africa (MEA), East Asia, South Asia and Oceania
Key Countries Covered	United States, Canada, Brazil, Mexico, Germany, Spain, Italy, France, United Kingdom, Russia, China, India, Australia & New Zealand, GCC Countries, and South Africa
Key Segments Covered	By Product Type, By End Use Industry, and By Region
Key Companies Profiled	Everplast; Clextral; Presezzi Extrusion S.p.A.; KraussMaffei; BREYER GmbH Maschinenfbrik; Corperion GmbH; EXTRUDEX Kunstsoffmaschinen GmbH; BC Extrusion Holding GmbH; Kabra ExtrusionTechnik Ltd.
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing	Available upon Request

Key Segments Covered by Extruder Industry Survey Report

By Product Type:

• Single Screw Extruder
• Twin Screw Extruder
• RAM Extruder

By End User Industry:

• Building and Construction
• Transportation
• Consumer Goods
• Other End User Industries

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia and Pacific
• Middle East and Africa (MEA)

Frequently Asked Questions

How Big is the Extruder Market Currently?

The market is estimated to be around USD 10.9 billion in 2024.

What is the Growth Outlook of the Extruder Market?

The market is likely to develop at 5.1% during the forecast period.

What is the projected Value of the Extruder Market by 2034?

The market is predicted to be valued at USD 18 billion by 2034.

What was the Historical Size of the Extruder Market?

The market was valued at USD 7.9 billion in 2019.

Which Country Dominates the Global Extruder Market?

The United States accounts for nearly 18% of the revenue share of the market.

Which Regional Extruder Market has the Highest Growth Potential?

South Korea is predicted to witness a CAGR of 7.0% in extruder sales through 2034.