The extruders market size is estimated to be USD 9.3 billion in 2021 and is projected to reach USD 11.5 billion by 2026, at a CAGR of 4.4% between 2021 and 2026. Extruders are used to manufacture products made of plastics and metals through the extrusion process for applications in end-use industries, such as transportation, building & construction, consumer goods, and others (packaging, energy, medical, and agriculture). Various types of extruders are available in the market, including single-screw extruders, twin-screw extruders, and ram extruders.
The building & construction end-use industry is estimated to lead the extruders market in 2020 in terms of value. Rapid growth in the building & construction industry along with large-scale public and private investment in infrastructure projects is projected to drive the demand for extruders in this industry.
The Single-Screw extruders segment is expected to lead the extruders market, by extruder type, during the forecast period. The demand for single-screw extruders can be attributed to their low maintenance cost and flexibility for extruding common materials. the growing use of plastic-based products in the end-use industries is driving the demand for Single-Screw extruders, globally.
The market for ram extruders is projected to register the highest CAGR between 2021 and 2026, in terms of value. The increasing demand for ram extruders is mainly due to the rising demand for aluminum extruded products in the transportation industry.
APAC is the largest market for extruders, followed by North America and Europe. The dominance of APAC is attributed to the stringent industrial standardizations pertaining to the high growth of the building & construction industry in the emerging countries such as China, India, Japan, and South Korea. the growing demand for various extruded products in the transportation sector is contributing to the growth of the extruders market in the region.
The extruders market is dominated by The Japan Steel Works Ltd. (Japan), Hilenbrand Inc. (US), Shibaura Machine Co. Ltd (Japan), KraussMaffei Group GmbH (Germany), Battenfeld-Cincinnati (Germany), NFM (US), Clextral (France), and Leistritz AG (Germany). are the major players in this market. These players have a strong foothold in the global extruders market as well as a strong distribution network across the globe.
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