Global Twin Screw Extruder Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Twin Screw Extruder Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

The twin-screw extruder was developed on the basis of a single-screw extruder. It has been widely used in extruded products due to its good feed performance, mixing and plasticizing performance, exhaust performance, and extrusion stability molding process.

The twin-screw extruder is composed of several parts, such as a transmission device, a feeding device, a barrel and a screw. The functions of each component are similar to those of a single-screw extruder.

Market Overview:

The latest research study on the global Twin Screw Extruder market finds that the global Twin Screw Extruder market reached a value of USD 4189.09 million in 2022. It’s expected that the market will achieve USD 5709.68 million by 2028, exhibiting a CAGR of 5.3% during the forecast period.

The continuous development the modified plastics industry has promoted the market demand for twin screw extruders

The application fields of twin-screw extruders involve aerospace, automotive, medical, electronics, communications, construction, packaging and all aspects of people's lives, and their tentacles continue to spread to other industries, all thanks to plastic modified materials Variety keeps growing. The birth, mass production and application of plastic modified materials cannot be separated from the same-direction twin-screw extruder. General plastics, engineering plastics, and various additives are blended and modified by co-rotating twin-screw extruders to prepare new materials (modified plastics) with specific functions, which has effectively pushed plastics into a wider and deeper demand High application areas.
Home appliances are the largest application area of modified plastics, accounting for about a third. The automobile industry is the second largest application area of modified plastics, and the proportion of the current rising trend is relatively obvious.
As the performance advantages of modified plastic products gradually become apparent, the amount of modified plastic products used in household appliances continues to expand. And with the advent of the era of smart home appliances, the market will have new requirements for modified plastics, both in terms of quantity and quality. For twin-screw extruders, new market demands have promoted the development and progress of products and provided impetus for market development.
In addition, according to statistics, 1 kg of modified plastic can replace 2-3 kg of steel and other dense materials, and each 10% of the weight of the car will reduce fuel consumption by 6% -8%. With the steady growth of the automotive market and the gradual increase in the proportion of modified plastics in the entire vehicle, the automotive modified plastics market will have a large room for growth. The demand for twin-screw extruders in the automotive sector is expected to continue to rise.

Increased demand for pet feed boosts market demand for Twin Screw Extruder

In recent years, the rapid development of the pet industry has promoted the accelerated expansion of the market size of the pet feed industry, especially in China and other regions. The increasing demand for pet feed in the market has also promoted the rapid development of the pet feed industry. In addition to well-known international monopoly brands, new players have continued to enter the market, which has promoted the market demand for Twin Screw Extruder.

Region Overview:

Asia Pacific is projected to account for a considerable share of the Twin Screw Extruder market and is expected to become the largest region by 2028.

Company Overview:

Coperion is one of the major players operating in the Twin Screw Extruder market, holding a share of 0.08% in 2023.

Coperion

Coperion Corporation produces machines and systems. The Company offers compounding and extrusion, materials handling, and services. Coperion Corporation operates worldwide.

KraussMaffei

KraussMaffei manufactures and distributes industrial machinery. The Company produces and markets injection molding machinery, extrusion equipment, and reaction technology for manufacturing plastic and rubber products. KraussMaffei serves automotive, construction, consumer goods, and electrical, chemical, and pharmaceutical sectors worldwide.

Segmentation Overview:

Among different product types, Counter Rotating segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Food & Feed Extrusion segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Twin Screw Extruder market covered in Chapter 3:

Xtrutech
Flytech
Clextral
ZENIX
ENTEK
Leistritz
Toshiba Machine
Brabender
MATILA
Coperion
KY Solution Group
Buhler Technologies
The Theysohn Group
Thermo Fisher Scientific
KraussMaffei
USEON

In Chapter 4 and Chapter 14.2, on the basis of types, the Twin Screw Extruder market from 2018 to 2029 is primarily split into:

Co-Rotating
Counter Rotating

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Twin Screw Extruder market from 2018 to 2029 covers:

Plastic Products
Food & Feed Extrusion
Pharmaceuticals
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)