Global Plastic Extrusion Machines Market Is Expected To Reach $7.93 Billion By 2027: Says AMR

Apr 29, 2021

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Portland, Oregon, April 26, 2021 (Global News Agency) – according to the report released by Allied market research, the global plastic extruder market is estimated to be $6.3 billion in 2019, and is expected to reach $7.93 billion by 2027, with a compound annual growth rate of 4.5% from 2020 to 2027. The report provides an in-depth analysis of top investment pockets, top winner strategies, and drivers and opportunities.

The advantages of high-speed mass production, the increasing demand for extruded plastic products, great flexibility and post extrusion modification benefits promote the growth of the global plastic extruder market. On the other hand, high initial mechanical costs, product limitations and size differences hinder growth to some extent. However, new technological advances are expected to create profitable opportunities in the region.

Covid-19 scheme-

The outbreak of covid-19 led to long-term blockade, interruption of international trade and distortion of manufacturing process.

The second wave of influenza pandemic is causing serious damage in most countries around the world, and government agencies are once again starting to implement strict management of some commercial activities. This in turn reduces the industry’s demand for plastic extruders.

The machine types, process types, solutions, applications and regions of the global plastic extruder market are analyzed. From the perspective of machine types, the twin-screw market segment accounts for more than half of the total market share in 2019, and is expected to dominate by 2027. In the whole forecast period, the compound annual growth rate of the same market segment will also reach 4.8%.

Obtain detailed analysis of the impact of covid-19 on global plastic extruder market demand

Depending on the process type, the blown film extrusion sector contributed nearly two fifths of the total market revenue in 2019 and is expected to lead the market by 2027. On the other hand, from 2020 to 2027, the compound annual growth rate of pipe extrusion market will reach 5.4%.

From a regional perspective, the Asia Pacific region has a major share in 2019, accounting for nearly half of the global market share. Meanwhile, the whole lame market will grow at the fastest compound annual growth rate of 5.4% in the forecast period. Other provinces discussed in the report include Europe and North America.