The extrusion process is used to transform the viscous polymeric media for producing structured products. The twin screw extruders have the capacity to achieve efficient compressing, transporting, mixing, heating, shearing, pumping, cooling, and shaping. The raw materials used in the extrusion may be solids (granulates, powders, flours), slurries, liquids, or possibly gases. Increasing demand from food, rubber and plastic processing products along with emerging pharmaceutical sectors is anticipated to drive the global twin screw extruders market demand over the forecast timeframe. Technological advancements in twin screw extrusion technologies is also supporting the industry demand as majority of the plastic industries are in the phase of replacing their earlier extruders considering 15-18 years of their lifespan.
Volume Wise, Demand for Co-rotating Twin Screw Extruder is higher
The twin screw extruders market is segmented by product, application and geography. On the basis of product, the industry has been segmented into co-rotating and counter rotating. By application, the industry is classified into plastic, rubber, food and other industries. The demand of co-rotating twin screw extruder is high volume wise as these machineries are majorly used in plastic processing industry. These co-rotating machines are mainly used for the compounding materials where through mixing is the basic requirements. Growing demand from PVC processing products such as profiles, pipes, pallets, film and sheets is expected to support the counter rotating twin screw extruders industry over the forecast timeline.
The Low-Density Polyethylene (LDPE) accounted for the majority of the extruded plastics market amongst Polystyrene and Polyvinyl Chloride (PVC), Polypropylene, and High-Density Polyethylene (HDPE). It has a wide adoption in both packaging and non-packaging segments. Encouraging new product launches in terms of plastics, food or rubber sectors is expected to have staple demand for technological advancements in the twin screw extruders market over the forecast period.
Europe Exhibits Second-Largest Installed Base of Twin Screw Extruders
North America accounted for majority of the market share volume wise in 2016. The plastic industry in this region dominated the other application segments. According to data published by the Plastics Industry Association’s Committee on Equipment Statistics (CES), for the second quarter of 2017, the shipments of plastics equipment which includes extrusion, injection molding, and blow molding equipment was pegged at US$ 335.6 Mn. The region has high consumption of extrusion based food products which includes snacks product, bakery product etc. Processing of such food items in food processing industry requires thermoplastic extrusion which is facilitated by the dynamism of twin screw extruders.
Europe region had the second largest installed base of the twin screw extruders amongst other regions in 2016. The demand for co-rotating twin screw extruder is high in terms of volume as it is involved majorly in pharmaceutical, coatings, food and plastic industry. The Germany region is expected to dominate the European industry owing to availability of the manufacturing hubs.
Amid economic and socio-political challenges, the Middle East & Africa region has witnessed a positive growth in the plastics industry. The World Bank cites surge in industrial output, recovery in oil production and growing exports specifically driven by the GCC countries. The structural reforms implemented by the countries in both middle east and Africa region are expected to produce favorable results for doing business.
In East Africa, the plastic demand is expected to grow about twice than the current demand in the next 5 years. The large part of plastics demand is driven by Ethiopia and Uganda as these are the major importers of the machinery and plastics. The west plastics industry imported equipment and machinery was valued at US$ 165 Mn in 2012 and is anticipated to stay firm at the high level.
The major competitors in the global twin screw extruder market include Buhler AG, KraussMaffei Group, Leistritz AG, Coperion GmbH, Thermofisher Scientific and Toshiba Machine. The companies are focusing towards achieving long-term growth through innovations in twin screw extruders.
Global Twin Screw Extruders Market: Overview
This report on the global twin screw extruders market provides analysis for the period 2015–2025, wherein 2016 is the base year and the period from 2017 to 2025 is the forecast period. Data for 2015 has been included as historical information. The report covers market dynamics including drivers, restraints opportunities, trends and installed base expected to influence the twin screw extruders market growth during the said period. The study provides a comprehensive analysis on market growth throughout the above forecast period in terms of revenue estimates (in US$ Mn) and volume shipments (units), across different geographies.
Global Twin Screw Extruders Market: Trends and Opportunities
The increase in production of plastic goods with promising demand from various application sectors is expected to drive the twin screw extruders demand over the forecast timeline. The profile extrusion process is preferred to make the plastic products with either linear or cross-sectional profile such as pipes, hoses and fenestration products. The emerging economies such as in Asia Pacific region has witnessed exponential rise in manufacturing industries, which has further demanded for the plastic components in various industries. Increasing demand from packaging industries owing to developments in consumer products and food & beverage industry is expected to drive the twin screw extruders demand over the forecast timeline
Global Twin Screw Extruders Market: Key Segments
The twin screw extruders market has been segmented on the basis of product, application and geography. Based on product, the market has been segmented into co-rotating and counter rotating. By application, the extruders industry is classified into plastic industry, rubber industry, food industry and others. Geographically, the report classifies the industry into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA) and South America; the regions are analyzed in terms of revenue generation and the volume shipments in twin screw extruders industry. Furthermore, region wise prominent countries covered in the report include the following - U.S, Canada, Germany, U.K., France, Italy, China, India, Japan, GCC, South Africa and Brazil.
Global Twin Screw Extruders Market: Scope of the Study
The report also includes key developments in twin screw extruders market. Porter Five Force analysis which identifies bargaining power of supplier, bargaining power of buyer, threat from new entrant, threat from substitute and threat from competition in twin screw extruders industry is also included in the report. Value chain analysis which shows work flow in the twin screw extruders market and identifies raw material supplier services providers and distribution channels of this industry is also covered in the report. Segment trends and regional trends have also been added in report. It also covers segment wise comparison matrix, market attractiveness analysis and market positioning of key players for all regions covered in the scope of study.
Market attractiveness identifies and compares segments market attractiveness on the basis of CAGR and market share index across North America, Europe, Asia Pacific, Middle East & Africa and South America.
Global Twin Screw Extruders Market: Competitive Landscape
The report also includes competition landscape which include competition matrix, market share analysis of major players in the global twin screw extruders industry based on their 2016 revenues and profiles of major players. Competition matrix benchmarks leading players on the basis of their capabilities and potential to grow. Factors including market position, offerings and R&D focus are attributed to company’s capabilities. Factors including top line growth, market share, segment growth, infrastructure facilities and future outlook are attributed to company’s potential to grow. This section also identifies and includes various recent developments carried out by the leading players of twin screw extruders sector.
Company profiling includes company overview, major business strategies adopted, and key developments. The companies profiled in the global twin screw extruders market include KraussMaffei group, Leistritz AG, Everplast Machinery Co., Ltd, Coperion GmbH, Cheng Yieu Development Machinery Co., Ltd., Icma San Giorgio spa, Maris S.P.A., Friul Filiere S.P.A, Toshiba Machine Co., Ltd., Sino-Alloy Machinery Inc., Thermo Fisher Scientific, Buhler AG, Clextral AG, Brabender GmbH & Co. Kg, Theysohn Group, and Zenix Industrial Co., Ltd.
The global twin screw extruders market is segmented as below:
- Counter Rotating
Global twin screw extruders market, By Application
- Plastic Industries
- Rubber Industries
- Food Industries
Global twin screw extruders market, By Geography
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific (APAC)
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- South Africa
- Rest of MEA
- South America
- Rest of South America