Extruders Market worth $11.5 billion by 2026 | Key players operating in the market include Hilenbrand Inc., Battenfeld-Cincinnati, NFM, Clextral, Leistritz AG

According to recent market research "Extruders Market by Extruder Type (Single-Screw, Twin-Screw, Ram), End-use Industry (Building & Construction, Transportation, Consumer Goods), and Region (APAC, North America, Europe, South America, and Middle East & Africa) - Global Forecasts to 2026", The market is projected to reach USD 11.5 billion by 2026, at a CAGR of 4.4% from USD 9.3 billion in 2021. This growth is primarily triggered by the increasing demand from the building & construction industry. APAC is the largest extruders market due 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 region is estimated to be the most populated in the world, which creates immense opportunity for the extruders market to grow.

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The Single-Screw extruders are expected to continue to account for a leading share during the forecast period, owing to their low maintenance cost and flexibility in extruding common materials, such as HDPE, LDPE, PP, and polycarbonate. Single-Screw extruders are used for manufacturing products, such as extruded sheets, films, pipes, fibers, and profiles. The increasing use of plastic-based products in end-use industries, such as building & construction, consumer goods, medical, agriculture, and transportation, are driving the demand for Single-Screw extruders, globally.

Building & Construction is the largest end-use industry of the extruders market; in terms of value, in the global market in 2020. The demand for extruders in this industry is expected to increase mainly due to growing infrastructure spending in developing economies, such as China, India, Brazil, and the Middle Eastern countries. Extruders are used for manufacturing products, such as insulations, soffits, pipes, cable sheathing, architectural framing, door & window frames, shop fronts, and wall cladding, which are used in interior and exterior foundations in the building & construction industry. The growth of the building & Construction end-use industry is primarily triggered by the huge demand from the APAC region.

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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. Growing demand for building & construction end-use industry is expected to support the growth of the extruders market. However, huge investment in R&D and strict rules and technological advancement is restraining the growth of the market. On the other hand, innovation in product development has created opportunities for manufacturers.

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.

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The Japan Steel Works Ltd. is mainly engaged in the industrial machinery business. They offer various types of machinery, namely, plastic machinery, molding machine, industrial machinery, and material and engineering products. It operates through three business segments: industrial machinery products, steel and energy products, and other businesses. The company operates through its 49 subsidiaries. It has a strong presence in China and Japan.

• Meiki Co. Ltd. merged into The Japan Steel Works Ltd. and was established as Meiki Plant.

In 2019, Hillenbrand, Inc. acquired Milacron Holdings Corp., which manufactures, distributes, and services engineered and customized systems within the plastic technology and processing industries. They offer various industrial equipment and machinery, including injection molding, extrusion, and auxiliary equipment. The company operates through three business segments, namely, advanced process solutions, molding technology solutions, and Batesville. It operates in North America, China, India, Europe, and RoW and serves over 27,000 customers worldwide.

• Hillenbrand, Inc. completed the acquisition of Milacron Holdings Corp.; this acquisition will enhance growth opportunities with new technologies. The company will have increased sales and a diversified product portfolio.

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