From GlobeNewswire: 2024-11-14 09:02:00

The Extruders Market was valued at USD 10.0 billion in 2023, expected to reach USD 14.9 billion by 2032, with a 4.5% CAGR. Growth is driven by technological advancements, strategic mergers, and demand for sustainable solutions in industries like automotive and construction. Manufacturers are enhancing capabilities to meet diverse material processing needs, focusing on sustainability and innovation.

Single-screw extruders dominated the market in 2023, capturing 45% market share due to their simplicity, cost-effectiveness, and versatility, especially in plastics processing. Plastics held 65% market share in 2023, driven by their wide range of applications across industries like packaging, automotive, and construction. The Asia Pacific region led the market with a 50% share in 2023, driven by strong industrial growth in countries like China, India, and Japan.

Recent developments include Novatec’s sale of downstream extrusion equipment to Reel Power in September 2024 and Entek’s launch of new twin-screw extruder technology in March 2024. The market is expected to continue growing, fueled by technological advancements, rising demand for processed food, and the shift towards plant-based diets. The food processing sector remains a key end-user, driving the need for advanced extrusion technology.

SNS Insider offers an exclusive Extruders Market report with 350 pages of analysis covering key regions and countries, company profiles, statistical trends, and buying options. The report provides insights into vehicle production, emission standards compliance, and consumer preferences, with customization options available for tailored analysis. Explore the full report at https://www.snsinsider.com/reports/extruders-market-2192 for in-depth market insights and trends.



Read more at GlobeNewswire: Extruders Market to Reach USD 14.9 Billion by 2032