Global Extruders Market - 2022-2029

Global Extruders Market - 2022-2029

Market Overview

The global extruders market size was worth US$ XX million in 2021 and is estimated to record significant growth by reaching up to US$ XX million by 2029, growing at a CAGR of XX% within the forecast period (2022-2029).

An extruder is a screw pump that revolves in a stationary barrel with a tight fit. The four sections are the feeding system, preconditioner, extruder barrel and knife cutter. The flighted screw, a worm revolving within a barrel, is the commonly used extruder. Tire threads, tubing and wire covers are examples of long continuous goods made with these machines. Extruders come in various sizes and shapes and are devised and built to suit the number of screws, types, processes and processed products.

Furthermore, the extruder is a device that aids in converting adhesive material into structured goods. Extrusions are made from granules, powder, flours and liquids. Extruders are now widely employed in various industries, including building and construction, transportation and consumer goods.

Market Dynamics

Improving demand for extruders in the food industry is driving the market share for the product.

Improving demand for extruders in the food industry is driving the market share for the product

Extruders are employed in the production of a wide variety of food products. From simple forming applications including pasta products to very short cooking extruders for corn curls to more complex and long extruders involving multiple operations and resulting in significant modifications of the extruded material, their design and specifications should be tailored for the intended application.

Extrusion is a technique in the food processing industry in which soft mixed materials are forced through a hole in a perforated plate to produce the required shape. The extruded food is then chopped to a specific size using blades. The mixture is known as the extrudate and the extruder is the machine that propels it through the die. Typically, the die is at the end of a large, spinning screw snugly fitted within a fixed barrel.

Extrusion enables the mass production of food in a continuous, efficient manner while maintaining product homogeneity. The starch content of extruded food products is typically high. Several kinds of pasta, bread (croutons, breadsticks and flatbreads), numerous breakfast cereals and ready-to-eat snacks, confectionary, pre-made cookie dough, a variety of baby meals, textured vegetable protein, full-fat soy and dry and semi-moist pet foods, among others are all examples.

Food extruders are also used to create pet foods and treats for the same reasons indicated above and to ensure that the meals are uniform. Because of the factors mentioned above, the worldwide extruders market is expected to grow throughout the projected period.

High initial investment costs of the product hurdle the growth of the market

The initial investment cost of setting up a manufacturing unit is substantial; it necessitates a large capital investment and financing. In order to differentiate their products and establish a robust product portfolio, manufacturers must also spend on R&D efforts for technical standards and innovations.

Before establishing a production unit, the corporation must assess the demand for extruded items in a certain location. Another downside is the extensive machinery upkeep, which can be fairly costly. In order to avoid breakdowns and production delays, the machinery must be serviced regularly. The entire system must be replaced in a malfunction or breakdown, resulting in extremely expensive maintenance expenses. The cost of preventive maintenance has a substantial impact on production costs.

COVID-19 Impact Analysis

The pandemic had a devastating impact on the extrusion industry. As a result of the pandemic, various countries worldwide went into lockdown to prevent the virus from spreading further. As a result, the supply and demand chain was interrupted, which impacted the market. Due to pandemics, industries, manufacturing units, infrastructure projects and mining operations paused for the previous two years.

The fluctuating price of raw materials required to build extruders and the COVID-19 pandemic have hampered the market's growth. On the plus side, corporations anticipate a return to sanity and an improvement in the market in the forecast period. The countries such as U.S, China, India, among the others, are back on their feet, continuing their regular work.

Segment Analysis

The global extruders market can be segmented on type, end-user and region.

Single screw extruder holds a larger market share portion as they are far much superior at extruding materials that are common with a much less price

The global extruders market is segmented based on type into the single-screw extruder, twin-screw extruder and ram extruder. A single screw extruder dominates the global extruders market out of the mentioned type. In single screw extrusion, one screw is used within a cylindrical barrel to push plastic through a constant profile continuously.

The screw speed of the machine controls the production rate, which is commonly measured in mass per hour (lb/hour or kg/hour). Single screw extrusion is used to make the majority of extruded items. Single screw extrusion is commonly used to manufacture parts with a consistent profile, such as window frames, house siding and weather stripping. The die design for an extruder is crucial because of issues like melt expanding as it exits the die. When extrusion dies, a high level of intricacy is sometimes required to achieve the desired profile.

Furthermore, single screw extruder offers various advantages such as compared to twin-screw extruders; they are far much superior at extruding common materials, they are also far much cheaper than other screw extruders, have less shear when compared to twin-screw extruders and can be used in operations for a wide range of different types of materials.

In addition, a single screw extruder holds a huge demand in the food industry, boosting the segmental growth of the product. Texturizing, heat transfer, mixing, kneading, pressure fluctuations while cooking and other processes are all part of the evolution of food technology. In order to make a precise shape of a food product, soft mixed materials are pressed into an aperture consisting of a die-designed plate in extrusion. A single screw food extruder works in a rotational mechanism and maintains the combined grains for longer. The solid polymer is converted to melt by mechanical shear from the screw and thermal heat from the barrel then forced out of the die. Different kinds of pasta, macaroni, breakfast cereal, sweet pastries, cakes, bread, biscuits and snacks are examples of processed foods that use single screw extruders.

Geographical Analysis

Asia-Pacific is a rapidly growing market for extruders, owing to high economic growth and significant investment in industries like oil and gas, automotive and infrastructure, among others

Asia-Pacific is a rapidly growing market for extruders, owing to high economic growth and significant investment in oil and gas, automotive, infrastructure, chemical and electronics. Demand is shifting to Asia-Pacific due to the economic downturn and saturation in the European and North American markets.

Furthermore, Due to regulatory food norms imposed by the Food and Drug Administration (FDA) in U.S, North America's market is likely to rise significantly during the forecast period. Rising sales of single screw food extruders are driven by increased demand for processed foods and changing living patterns regarding health safety and dangers in nations such as U.S., Canada and Mexico.

In addition, due to an increase in customer base and growth in the food technology segment, Europe accounted for the largest share of the single screw food extruder market in 2019. Thus growing single screw food extruder market in the European region is expected to create huge opportunities for the extruder market to grow in the forecast period. Furthermore, a developed snack food sector provides a significant consumer base for the European food extrusion market, promising growth potential.

Food sector expansion is predicted to be driven by increased consumption of processed product categories in Eastern and Southeastern European countries. Because domestic production is insufficient to fulfill demand from Europe's food industry, businesses have been forced to import extruded snack foods from other parts of the world to ensure a consistent supply of raw ingredients.

Competitive Landscape

The global extruders market is highly competitive with local and global companies. Some prime companies contributing to the market's growth are The Japan Steel Works Ltd, Hilenbrand Inc., Shibaura Machine Co. Ltd, Coperion GmbH, BC Extrusion Holding GmbH, KraussMaffei Group GmbH, Battenfeld-Cincinnati, NFM, Theysohn Group, Clextral and Leistritz AG and others.

The major companies are adopting several growth strategies such as acquisitions, product launches and collaborations, contributing to the global growth of the extruders market.

In September 2020, KraussMaffei Group GmbH announced the start of construction on a new extrusion system factory in Laatzen. The project will be completed in the third quarter of 2022 and will cover approximately 66,500 square feet.

In February 2018, Battenfeld Cincinnati increased its sales force in North America to support the construction (PVC pipe, profile and sheet) industry.

Hillenbrand Inc

Overview: Hillenbrand, Inc. is a diversified industrial corporation with several global brands that service various industries. Advanced Process Solutions, Molding Technology Solutions and Batesville, are the company's segments. Coperion, Milacron Injection Molding & Extrusion and Mold-Masters are among the industrial enterprises in the company's portfolio. Hillenbrand Industries, which comprised Batesville Casket Company and Hill-Rom, went public in 1998 and was traded on the New York Stock Exchange under the ticker HB until 2008. The company created new goods and production procedures during this period of expansion, helping Hill-Rom and Batesville Casket Company expand their market presence. Customer service and satisfaction were also priorities for the organization.

Product Portfolio:

SINGLE SCREW SERIES PAK: The company offers a single screw series pak for productive operation. The product offers various advantages such as a standard ac motor & drive package, a double reduction gear reducer with heavy-duty integral roller thrust bearing for extended life, a large cast-in water jacket in the feed throat for efficient cooling and a bimetallic barrel with a barrel rupture disc for long life and others.

Key Development

In 2019, Milacron Holdings Corp., which develops, sells and supports designed and customized solutions for the plastic technology and processing industries, was bought by Hillenbrand, Inc. They provide injection molding, extrusion and auxiliary equipment, among other industrial equipment and gear. Advanced process solutions, molding technology solutions and Batesville are the company's three main segments. It services approximately 27,000 customers in North America, China, India, Europe and the rest.

Why Purchase the Report?

Visualize the global extruders market segmentation by type, end-user and region, highlighting key commercial assets and players.

Identify commercial opportunities in the extruders market by analyzing trends and co-development deals.

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Target Audience 2022

Service Providers/ Buyers

Chemicals & petrochemicals Companies

Research Laboratory

Manufacturers

Food and Beverage companies

Consumer Goods Companies

Distributors