A recent report published by Infinium Global Research on twin screw extruders market provides an in-depth analysis of segments and sub-segments in the global as well as regional twin screw extruders market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional twin screw extruders market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global twin screw extruders market. According to the report, the global twin screw extruders market is projected to grow at a CAGR of 3.2% over the forecast period of 2019-2025.
In the plastics industry, twin screw extruders are a vital part of the production chain. The twin screw extruders market has the ability to accomplish efficient compressing, transporting, mixing, heating, shearing, pumping, cooling, and shaping. Technological developments in twin-screw extrusion technologies are also supporting the industry demand as majority of the plastic industries are in the phase of substituting their earlier extruders considering 15-18 years of their lifespan. Twin-screw is used in a great variety of polymer, pharmaceutical, and food applications. The elasticity of twin-screw extrusion equipment allows designing these machines specifically to the desired task. Twin screw extruders can have a conical or parallel design and the two screws can be counter-rotating or co-rotating, intermeshing or no intermeshing.
Growing demand for plastic products across the globe is the major driving factor of the twin screw extruders market. The demand for twin screw extruders market is increasing due to increasing demand from food, rubber, and plastic-processing products along with emerging pharmaceutical sectors. Furthermore, factors such as the growing automotive industry and growing demand for extruded products from the building & construction industry are other driving factors of the market growth. Rising technological advancements and developments in twin screw extruders are boosting the market growth. However, low effectiveness and reliability of China twin screw extruder’s gearbox hamper the market growth. Moreover, numerous companies are undergoing the phase of replacing their earlier extruders in the plastic industry that provides lucrative growth opportunities to the market players.
Geographically, North America dominates the global twin screw extruders market due to increasing consumption of extrusion-based food products such as bakery products, snacks, etc. Europe is the second-largest market for twin screw extruders owing to the demand for co-rotating twin screw extruder for food, pharmaceutical, coating, and plastic industry in this region. The Asia-Pacific region is expected to grow with high CAGR due to the exponential rise in the manufacturing and packaging industries.
The report on global twin screw extruders market covers segments such as product, and applications. On the basis of product, the sub-markets include co-rotating, and counter rotating. On the basis of applications, the sub-markets include plastic industries, rubber industries, food industries, and other applications.
The report provides profiles of the companies in the market such as Buhler AG, KraussMaffei Group, Leistritz AG, Coperion GmbH, Thermo fisher Scientific, Toshiba Machine, Icma San Giorgio spa, Sino-Alloy Machinery Inc., Everplast Machinery Co., Ltd, Development Machinery Co., Ltd., and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of twin screw extruders market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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