PUNE, India, September 1, 2017 /PRNewswire/ --
According to a new market research report " Extruders Market by Type (Single Screw, Twin Screw, Ram), End-Use Industry (Building & Construction, Transportation, Consumer Goods), and Region - Global Forecast to 2022", published by MarketsandMarkets™, the market is projected to grow from USD 8.41 Billion in 2017 to USD 10.44 Billion by 2022, at a CAGR of 4.42 from 2017 to 2022.
Browse 34 Market Data Tables and 26 Figures spread through 79 Pages and in-depth TOC on "Extruders Market"
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The increasing investments in the infrastructure development projects in various countries of the Middle East and growing transportation industry in emerging economies such as China, India, Brazil, and South Africa are the factors expected to contribute to the growth of the extruders market across the globe. Moreover, the increased consumption of extruded products in the building & construction and transportation industries is also leading to the growth of the extruders market, worldwide.
Among end-use industries, the building & construction segment is projected to lead the extruders market during the forecast period from 2017 to 2022, in terms of value.
Among end-use industries, the building & construction segment accounted for the largest share of extruders market in 2016, in terms of value. The growth of this segment of the market can be attributed to the rapid growth in the construction industry across the globe, along with large-scale investments being made in various infrastructure development projects in the emerging economies such as India, China, Taiwan, Brazil, and South Africa. In addition, increase in the middle-class population, rise in their disposable income, improvement in lifestyle of consumers, and enhanced innovation in the construction technologies are the factors expected to drive the demand for extruders across the globe, thereby leading to the growth of the building & construction end-use industry segment of the extruders market between 2017 and 2022.
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Among types, the single screw extruder segment accounted for the largest share of the extruders market in 2016, in terms of value.
The single screw extruder type segment led the extruders market in 2016, in terms of value. The growth of the single screw extruder type segment of the market can be attributed to the flexibility of single screw extruders in carrying out extruding process of common materials such as high-density polyethylene (HDPE), low-density polyethylene (LDPE), polypropylene, and polycarbonate, etc. Moreover, single screw extruders require low maintenance costs and offer high throughput, which also contributes to their increased demand in various industries across the globe.
The Asia Pacific region is projected to be the largest market for extruders during the forecast period from 2017 to 2022, in terms of value.
The Asia Pacific region accounted for the largest share of the Extruders Market in 2016, in terms of value. The presence of major automotive manufacturers and increase in the investments for various infrastructure development projects in the Asia Pacific region are the factors contributing to the growth of the extruders market in the region. Moreover, the improved lifestyle of consumers, increased cost of living, and high economic growth in emerging countries such as China, India, and Taiwan, along with increased population are the factors expected to contribute towards growing demand for various extruded products. This, in turn, is expected to drive the growth of the extruders market in the region.
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The key players operating in the extruders market include Milacron Holdings Corp. (US), Toshiba Machine Co., Ltd. (Japan), The Japan Steel Works, Ltd. (Japan), Coperion GmbH (Germany), Battenfeld-Cincinnati (Germany), Davis-Standard, LLC (US), LEISTRITZ AG (Germany), Clextral (France), KraussMaffei (Germany), PRESEZZI EXTRUSION S.p.A. (Italy), and NFM (US).
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