Global Twin Screw Extruders Market To Power Swiftly And Reach US$1.54 Billion By 2026

Zion Market Research has claimed that the global market for twin screw extruders will cross US$1.54 billion by 2026. If these numbers are to be believed, the global market for twin screw extruders will grow at a solid CAGR of more than 3% by 2026. Based on the created, Europe had the lion’s share in the global market. On the other hand, Asia Pacific is expected to show the max CAGR in the years to come. On the basis of product type, the requirement for co-rotating devices is more volume-wise.

Major players active in the global market are KraussMaffei Group, Buhler AG, Coperion GmbH, Leistritz AG, Toshiba Machine, and Thermofisher Scientific. These firms majorly aim on attaining long-term development via R&D activities and innovations.

Up-And-Coming Applications In Pharmaceutical Industry To Power The Growth Opportunities

In the years to come, the global market is predicted to gain from the increasing requirement from the food, plastic, and rubber processing sectors. Up-and-coming applications in the pharmaceutical industry are also expected to power the global market for twin screw extruders. Considering the latest technological enhancements, development is expected to stay steady for the global market. In addition to this, the industry players will find profitable opportunities in the plastic sector as many firms are undergoing the stage of restoring their previous extruders.

Moreover, the increasing production of plastic products and the rising applications all over diverse industries are expected to assist the market develop in the years to come. Apart from this, the market is also expected to advantage from the increasing requirement from food & beverages and packaging sectors. In developing nations the market will gain from the increasing requirement for pipes in construction and irrigation industries. Considering the increasing disposable revenue of users, paired with altering lifestyle aspirations and preferences, the requirement for packaged & processed foods is expected to increase in the years to come, thereby fueling the requirement for twin screw extruders in the coming years from the plastic packaging industry.

Development Of Plastic Sector In Developing Nations To Generate Lucrative Prospects

The government of India is aiming for an investment of more than US$ 4 billion to power its road, railway, and shipping infrastructure over the years to come. In the same manner, plastic processing sector in India is expected to cross almost 22 million metric tons by 2022 annually. It is essential to note here that plastics are essential substances that go into making of goods such as water proofing membranes, pipes, wooden PVC composites, and wires & cables. Apart from this, the requirement for plastic is predicted to increase in China.

Browse the full “Twin Screw Extruders Market - By Application (Rubber Industries, Plastic Industries, and Food Industries), By Product (Counter Rotating and Co-Rotating), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/twin-screw-extruders-market

The global twin screw extruders market is segmented as follows:

By Product

• Co-Rotating
• Counter Rotating

By Application

• Plastic Industries
• Rubber Industries
• Food Industries
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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