The global vinyl extrusion equipment market is anticipated to accumulate a market value of USD 7.57 billion in 2023 and is expected to garner a valuation of USD 14.5 billion by exhibiting a CAGR of 6.7% in the forecast period 2023 to 2033. The industry for Vinyl Extrusion Equipment registered a CAGR of 5% in the historical period 2018 to 2022.
Increasing awareness about energy saving globally is propelling the market of vinyl extrusion equipment. Hence, vinyl extrusion machine manufacturers are increasingly focusing toward manufacturing efficient and reliable twin-screw plastic extrusion equipment to boost the growth of the market.
A rise in need for plastic extrusion machine from the building and construction industry is also expected to drive the growth of the market. Furthermore, rising demand for extruder machine from the transportation industry, is propelling the growth of the market.
Besides, technological advancement such as artificial intelligence-based vinyl extrusion equipment and software supported plastic extrusion machines, is expected to provide lucrative prospects for the market. The market is witnessing growth due to increasing movement toward automated plastic processing and packaging to accelerate productivity and efficiency.
Extruded vinyl is also used in end-use sectors such as building and construction, automotive, packaging, and industrial because they produce plastic materials in a various shapes and sizes.
Customers are demanding food and other items that may not be available in their countries due to a rise in disposable income and a modern lifestyle. These commodities are imported from other countries. As a result, the packaging industry has increased its demand for extruded vinyl to ensure safety and proper storage during transportation and logistics.
This in turn is expected to drive the growth of the extruded vinyl equipment during the forecast period.
Data Points | Key Statistics |
---|---|
Expected Market Value in 2023 | USD 7.57 billion |
Projected Market Value in 2033 | USD 14.5 billion |
Growth Rate (2023 to 2033) | 6.7 % CAGR |
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Recent developments and breakthroughs in technology, mergers, acquisitions, tie-ups, and partnerships within the companies involved in manufacturing vinyl extrusion equipment are expected to create lucrative opportunities for market growth during the forecast period.
Vinyl extrusion is an automated process of shaping and manufacturing a large volume of polymer such as Vinyl using heavy machinery and equipments like ram and die to create cross- sectional contours.
Vinyl extrusion equipments are not only used to mould the polymer but also add strength to it. The products that are extruded are generally called "extrudates". The extrusion machine works on the application of two conditions pressure.
Additionally, the mixing action of the plastic compound through the shearing action is facilitated by the extruder screw. Vinyl could be used in siding and window frames, roofing and landfill liners, and hence there is a constant demand for it, which is expected to drive the demand for vinyl extrusion equipment market.
In addition to this, vinyl is extremely flexible and could be easily molded into various shapes and structures. Also, the focus on usage of highly sustainable and energy efficient machinery is expected to effect the vinyl extrusion equipment market.
The process of vinyl extrusion begins by heating of vinyl and then loading it in the press container. Dummy moulds then shapes the vinyl and ram forces vinyl out of the die. Later it is heat-treated or cold-pressed to finer its properties. Due to high demand for vinyl from medical sector producing vinyl gloves, caps and valves, the market demand for vinyl extrusion equipments is set to increase in the forecast period.
Vinyl extrusion equipments are embossing machines, water dip cooling systems and rolls, calibrators, water tank, air knife system, puller, cut-off press and dies, rotary scrap cutter, soffit venting machines and more. New sales segment in vinyl extrusion equipment market is expected to dominate the market in the given time frame.
Since, vinyl extrusion machines use massive energy, they’re being continuously innovated as for sustainable development and the equipments used are being supplanted with either better metals or better capacity.
Hence, vinyl extrusion equipment manufacturers are continuously updating the tools for the vinyl extrusion machine to yield efficient results. For example, The Japan Steel Works proposals for TEX series of twin-screw extruders, which ensures both high degassing and high kneading performance for direct vinyl film/sheet processing is extremely a very innovative step in the vinyl extrusion equipment market.
Moreover the drivers of vinyl extrusion equipment market could be cost of metals used for making extrusion equipments and the vinyl market. Also medical, automotive and construction industry is said to fuel growth of vinyl extrusion equipment market.
European countries were easy markets for vinyl extrusion equipments at first but gradually they showed a slower growth due to restrictions on vinyl across Netherland and other parts of Belgium. American region is expected to show a greater growth due to higher disposable income of citizens in the countries.
High usage of vinyl in construction and medical industry is expected to propel its growth in MEA and Asian region. India, China and Japan being developing countries are expected to take huge orders for vinyl extrusion equipments in the future.
The key players in vinyl extrusion equipment market are
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on vinyl extrusion equipment market segments and geographies.
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1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Extrusion 6.2. Equipments 6.3. Application 7. Global Market Analysis and Forecast, By Extrusion 7.1. Direct Extrusion 7.2. Indirect Extrusion 7.3. Hydrostatic Extrusion 8. Global Market Analysis and Forecast, By Equipments 8.1. Carbon steel 8.2. Stainless steel 8.3. Titanium 8.4. Aluminium 8.5. Magnesium 9. Global Market Analysis and Forecast, By Application 9.1. Automotive 9.2. Construction 9.3. Aerospace 9.4. Medical Applications 9.5. F&B Applications 10. Global Market Analysis and Forecast, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. South Asia 10.5. East Asia 10.6. Oceania 10.7. Middle East & Africa (MEA) 11. North America Sales Analysis and Forecast, by Key Segments and Countries 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries 13. Europe Sales Analysis and Forecast, by Key Segments and Countries 14. South Asia Sales Analysis and Forecast, by Key Segments and Countries 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries 16. Oceania Sales Analysis and Forecast, by Key Segments and Countries 17. Middle East & Africa (MEA) Sales Analysis and Forecast, by Key Segments and Countries 18. Sales Forecast by Extrusion, Equipments, and Application for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. Bausano & Figli SpA 20.2. Costruzioni Meccaniche Luigi Bandera SpA 20.3. Kabra ExtrusionTechnik Ltd. 20.4. KraussMaffei Group 20.5. Milacron Holdings Corp. 20.6. Reifenhäuser GmbH & Co. KG Maschinenfabrik 20.7. The Japan Steel Works 20.8. Toshiba Machine Co. Ltd. 20.9. UNION Officine Meccaniche SpA 20.10. K-Ter Imagineering 20.11. Windsor Machines Limited
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