Growing automobile industry accelerates the Global Plastic Extruder market

Plastic Extruder market Overview: Plastic Extrusion is a process used to create fixed cross-sectional profiles. The materials, such as plastic or thermoplastic, are pressed through a matrix of desired...

Plastic Extruder market Overview:

Plastic Extrusion is a process used to create fixed cross-sectional profiles. The materials, such as plastic or thermoplastic, are pressed through a matrix of desired shape and cross-section. Plastic extrusion is a manufacturing process that uses large volumes of plastic material to create a continuous profile, which is used for the manufacturing of plastic products, such as repair lines, pipes, tubes, rails, plastic films, window frames, plastic sheets and thermoplastic coatings. The main advantage of the plastic extrusion process is that the plastic can receive any complex shape and be molded into any design without the appearance of cracks or imperfections because the plastic meets only the restrictions of shear and compression. In addition to that, the process also helps to manufacture parts and components with an excellent surface finish. The extrusion machine contains a barrel and a screw, heaters, and units by the matrix. The extrusion machine works in the application of two pressure conditions. In addition, the mixing action of the plastic compound through the cutting action is facilitated by the screw of the extruder. The plastic extrusion process is used for the manufacture of plastic tires and conveyor belts on the world market. Extrusion machines can be used for the manufacture of various materials of thermoplastic plastics, thermoplastics and natural plastics. The shapes or profiles of cross sections, such as cords, rectangles, squares and triangular shapes, and hollow sections of the aforementioned profiles can be easily manufactured using plastic extrusion machines.

The Global Plastic Extruder Market is predicted to be valued at valued at USD 9090 million in 2016 and anticipated to reach USD 11840 million by the end of 2021, growing at a adequate CAGR of 5.19% during the forecast period 2016 to 2021.

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Drivers and Restraints:

The plastic extruder market is expected to gain traction during the forecasted period due to important factors, such as important innovation processing technologies and the introduction of new plastic products into the market. However, other factors can also stimulate the demand for plastic extrusion machinery, such as the pipe industries and the growing manufacturing sector in emerging and developed regions, increasing awareness of the benefits of the plastic extrusion machine, handy equipment and other amenities. Manufacturers have an excellent opportunity to launch innovative plastic products that are manufactured to meet the growing consumer demand for high efficiency and energy efficient light vehicles. It is expected that the automotive, oil and gas, and construction sectors will boost the demand for plastic extrusion machinery during the forecast period. It is expected that this trend in the market of plastic extrusion machinery will increase due to the growth of the automotive industries, the growth of the world population and the increase in infrastructure spending. Currently, the world’s leading manufacturers of plastic extrusion machines dominate the market with its extensive distribution network and innovative product portfolio being as key factors in the growth of the global market. In addition, the consumer’s growing preference for cleaner vehicles has encouraged manufacturers to reduce their fuel consumption and, major tie-ups with OEMs to develop specific products for cars. The lack of knowledge about the benefits of plastic extrusion systems can be an obstacle in the global market for plastic extrusion systems.

Geographical Insights:

The increase in the automotive sector in the Asia Pacific and Europe is expected to continue with a healthy CAGR during the forecast period. It is expected that European countries, such as Germany and Russia, will gain ground during the forecast period. Strict emissions regulations increase the demand for plastic products in interior materials in all types of vehicles worldwide. People in Europe, North America and the Middle East live a luxurious lifestyle. This, together with a higher disposable income, has led to growth in the use of plastic products in all end-use sectors, such as automotive and footwear. People have developed a taste for comfortable and smooth plastic products and, as a result, the market is expected to grow rapidly in all developed and developing countries. It is expected that the developing markets of the Asia Pacific region, particularly China and India will play an important role in the growth of the plastic extruder market in the near future. In countries like India and China, manufacturing industries are growing at a good pace and, therefore, there is considerable growth potential for plastic extrusion machinery in the near future.

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Key Players of Plastic Extruder market

Apex Engineers, Reifenhauserindia, Shyam Plastic Machinery, KraussMaffei Berstorff, Extrusion Technik USA, Inc., TROESTER GmbH & Co. KG, Well Shyang Machinery (WSM), W. Brabender Instruments Inc., MITSUBA MFG. CO., LTD., and DEGUMA-SCHÜTZ GmbH are the major players of the Plastic Extruder market.

Scope of the report:

The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

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