The global Twin Screw Extruders Market is projected to record the CAGR of about 3% over the period from 2020 to 2026. The report offers assessment and analysis of the Twin Screw Extruders market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).
Details of the Report:
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Report Metric |
Details |
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Base Year |
2019 |
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Historical Data |
2017 and 2018 |
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Forecast period |
2020-2026 |
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Market Representation |
Earnings provided in terms of USD Billion and CAGR estimated from 2020 to 2026 |
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Segments Analyzed |
By Application, By Product, and By Region |
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Regions Analyzed |
North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa |
Introduction
Twin screw extruders have the ability for attaining proficiency in compressing, mixing, heating, transporting, shearing, shaping, cooling, and pumping. Moreover, these equipment are utilized in the extrusion process for converting viscous polymeric media for manufacturing structured items. Furthermore, the raw substances are utilized in the process of extrusion can be granulates, flours, and powdered materials or may be gases. The product has gained immense popularity in processing of food, plastic, and rubber. It is also widely used in pharma sector.
Market Growth Dynamics
The growth of the twin screw extruders market over the forecast timeline is owing to elastic property of these devices that helps it in performing particular tasks. Additionally, flourishing vehicle sector along with escalating preference for extruded products has transformed into huge demand for twin screw extruders in construction activities. Apart from this, technological breakthroughs witnessed in heavy equipment sector will further enhance the market progression over the coming years.
Moreover, growing need for the product across the packaging sector coupled with its large-scale usage in beverages & rubber will proliferate the market size in the years ahead. Humungous demand in sheets, pallets, and films will further elevate the win screw extruders industry growth trends over the coming decade.
North American Market To Acquire Leading Position Over 2020-2026
The regional market growth over the forecast timeline is attributed to immense consumption of extrusion-based food items like bakery items & snacks. Furthermore, massive demand for shipping of plastics equipment requiring the use of extrusion methods will drive the regional landscape. Additionally, the product is utilized enormously in food processing activities in the countries such as the U.S.
Key players profiled in the report are Toshiba Machine, KraussMaffei Group, Buhler AG, Leistritz AG, Coperion GmbH, and Thermofisher Scientific.
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
Frequently Asked Questions
The key growth drivers that will leverage the market growth include growing need for the product across the packaging sector coupled with its large-scale usage in beverages & rubber.
The CAGR of the industry is expected to be nearly over 3% during the forecast timespan.
North American region will contribute remarkably towards the global market size over the estimated timeline.
The key market participants include KraussMaffei Group, Buhler AG, Coperion GmbH, Leistritz AG, Toshiba Machine, and Thermofisher Scientific.
