Extruders and Compounding Machine Market Size, Share, and Industry Analysis, By Product Type (Single-Screw Extruders, Twin-Screw Extruders, Compounding Machines, and Others), By Application (Pipe and Profile Extrusion, Film and Sheet Extrusion, Compounding, Masterbatch Production, Recycling, and Others), By End User (Packaging, Building & Construction, Automotive, Electrical & Electronics, Consumer Goods, Agriculture, Medical, and Others), and Regional Forecast, 2024-2032

An extruder and compound machine is used to melt and extrude various materials, typically plastics, rubber, or other thermoplastic materials. It works by feeding solid raw materials, such as plastic pellets or powder, into a heated barrel where it is melted and mixed. A compounding machine, also known as a polymer processing machine, is a specialized type of extruder designed to mix and compound various materials together. It is used to create a homogeneous mixture or blend of different polymers, fillers, additives, and reinforcements. The equipment finds applications in various industries such as packaging, building & construction, electrical & electronics, and medical sectors.

The growing construction sector, particularly in developing economies, fuels the demand for plastic pipes, profiles, and other building materials, which creates the demand for extruders and compounding machines. Rising demand for plastic products in industries such as packaging, construction, automotive, and consumer goods also drives the need for these machines. The growth of infrastructure projects and urbanization, especially in developing regions such as Asia and Africa, drives the demand for construction materials such as plastic pipes and profiles and fuels the market growth. For instance, according to an Automotive News Europe report, Tesla’s automotive sales are projected to record 23.8% growth in 2030 compared to the year 2023. Moreover, according to a report by the International Trade Administration (ITA), the construction market in Saudi Arabia is projected to reach USD 91.36 billion by 2029 from USD 70.33 billion in 2024. All such factors drive the growth of the market.

The COVID-19 pandemic had a mixed impact on the extruders and compounding machines market, with specific sectors experiencing growth due to increased demand for essential goods while others facing significant challenges. Supply chain disruptions, operational challenges, and financial constraints were major issues. However, the crisis also accelerated the trend toward automation, sustainability, and supply chain resilience, shaping the future of the industry.   

Key Insights

The report covers the following key insights:

• Micro Macro Economic Indicators


• Drivers, Restraints, Trends, and Opportunities


• Business Strategies Adopted by Key Players


• Consolidated SWOT Analysis of Key Players

Segmentation

 Analysis by Product Type

Based on product type, the market is segmented into single-screw extruders, twin-screw extruders, compound machines, and others.

The single-screw extruders segment will dominate the market owing to the rising demand for such machines from various industry verticals. Along with this, it offers several advantages, such as versatility, cost-effectiveness, and the ability to process various materials.

The twin-screw extruders segment is projected to grow moderately owing to the increasing demand for advanced materials in industries such as aerospace, automotive, construction, and the electronics sector.

The compounding machines segment is anticipated to grow decently during the forecast period. This is owing to the growth of sectors such as packaging, construction, automotive, and consumer goods, which heavily rely on polymer-based products.

The others segment includes ram extruders and blown film extruders. This segment is projected to grow decently owing to various advantages such as high output rates, ability to produce films with varied thicknesses, and deployment for manufacturing products such as trash bags, stretch wrap films, and grocery bags. All such factors drive the growth of market.

Regional Analysis

The global bag in box packaging machine market has been studied across five regions: North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

The Asia Pacific is projected to dominate the market owing to rising government investment in infrastructure development and the automotive sectors. This results in an increasing demand for plastic pipes and other materials, fueling the market growth. According to the Asian Development Bank (ADB), Asia is anticipated to invest around USD 1.7 trillion by 2030 in the expansion of the infrastructure sector, driving market growth.

The North America market is projected to grow steadily, owing to the strong presence of key players across the U.S. and Canada. In addition, growth in the building and automotive sectors will boost the regional expansion.

The Europe market is projected to grow moderately due to factors such as growth in the automotive, packaging, and consumer goods sectors, which boosts the machine demand. In addition, government investment focused on the construction of new roads and buildings drive market growth.

The Middle East & Africa and South America markets are projected to grow decently due to the rising product demand from the oil and gas and refinery sectors.

Distribution of the Global Extruders and Compounding Machines Market, By Region of Origin:

• North America – 22%


• Europe  – 27%


• Asia Pacific – 31%


• Middle East & Africa – 12%


• South America – 8%

Key Players Covered

The key players in this market include Toshiba Machine Co Ltd, Coperion GmbH, Battenfield –Cincinnati, KraussMaffei Berstorff GmbH, Breyer GmbH, Kabra Extrusion Technik Ltd, SML Maschinengesellschaft mbH, USEON, Leistritz AG, and The Japan Steel Works Ltd.

Key Industry Developments

• May 2024: Battenfield-Cincinnati introduced a new solEX NG 45 extruder machine. It offers features such as high output rates and effective melting performance. It has an output rate of 25% for HDPE material and 40% for polypropylene (PP). This machine consumes less energy by 15% than other models.


• April 2024: Coperion GmbH launched a new ZSK 18 Megalab extruder and compound machine. It has a diameter of 18 mm, torque of 11.3 Nm/cm3, and RPM of 1,200 per minute. It has been claimed to provide greater flexibility and safety practices for the market.