Global Single Screw Extruders Market Overview
According to Global Market Monitor, the global single screw extruders market size is expected to grow to $3859.23 million by 2028 with a CAGR of 5.64% from 2023 to 2028.
A single screw extruder is mainly used for extruding soft and hard thermoplastics such as polyvinyl chloride and polyethylene. It can process a variety of plastic products, such as blown film, extruded tube, platen, and ribbon pulling. With a simple design and a relatively low price, the single-screw extruder is widely used.
Replacing Steel with Plastic Provides Potential Growth for the Industry.
Plastic product is a kind of consumption goods, but due to the long life cycle, the corresponding equipment companies' renewal needs are not obvious. The replacement of steel and other materials by plastics is the inherent driving force for the long-term development of the industry. Plastics are widely used in aerospace, defense, petrochemical, marine, electronics, optoelectronic communication, building materials, packaging, agriculture, and light industry.
Market Segment
The application fields of single screw extruders are mainly in laboratory use and industrial use. Currently, single-screw extruders are more widely used in the industrial field, for example, in thermoplastics including extruding soft, rigid polyvinyl chloride and polyethylene, as well as in processing various plastic products such as blown film, extruded pipe, pressure plate, ribbon pulling, etc. The industrial segment occupied the biggest share in 2022.
APAC is the largest market of single screw extruders, followed by North America and Europe, which is an emerging market and it is mainly attributed to heavy investment across industries such as oil & gas, automotive, infrastructure, chemical, steel, and military. With economic contraction and saturation in the European and North American markets, the demand is shifting to the APAC region. The growing demand for various extruded products in APAC is primarily responsible for the high demand for extruders in the region.The plastic processing machinery industry provides equipment for plastic products and promotes the development of the plastic industry. To meet the needs of plastic raw material processing, product development of enterprises, and cost control, the plastic machinery industry is developing in the direction of intelligence, standardization, individualization, specialization,miniaturization, and serialization.
By type |
Screw Dia < 60 Mm |
Screw Dia 60-120 Mm |
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Screw Dia > 120 Mm |
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The screw dia < 60 mm segment held the largest market share in 2022. |
|
By application |
Laboratory Use |
Industrial Use |
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Others |
|
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The industrial use segment occupied the biggest share in 2022. |
By region |
North America |
Europe |
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Asia Pacific |
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South America |
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Middle East & Africa |
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Asia-Pacific will witness robust growth prospects. |
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