Global Twin Screw Extruder Market Sales is $5711.48 million in 2024

Global Twin Screw Extruder Market Overview

According to Global Market Monitor, the global twin screw extruder market size is $5711.48 million in 2024 with a CAGR of 5.36% from 2024 to 2029. The twin-screw extruder was developed based on a single-screw extruder. It has been widely used in extruded products due to its good feed performance, mixing and plasticizing performance, exhaust performance, and extrusion stability molding process.

The Continuous Development of the Modified Plastics Promoted the Demand.

The application fields of twin-screw extruders involve aerospace, automotive, medical, electronics, communications, construction, packaging, and all aspects of people's lives, and their tentacles continue to spread to other industries, all thanks to plastic-modified materials Variety keeps growing. The birth, mass production, and application of plastic-modified materials cannot be separated from the same-direction twin-screw extruder. General plastics, engineering plastics, and various additives are blended and modified by co-rotating twin-screw extruders to prepare new materials (modified plastics) with specific functions, which has effectively pushed plastics into a wider and deeper demand in High application areas.

Home appliances are the largest application area of modified plastics, accounting for about a third. The automobile industry is the second largest application area of modified plastics, and the proportion of the current rising trend is relatively obvious.

As the performance advantages of modified plastic products gradually become apparent, the amount of modified plastic products used in household appliances continues to expand. With the advent of the era of smart home appliances, the market will have new requirements for modified plastics, both in terms of quantity and quality. For twin-screw extruders, new market demands have promoted the development and progress of products and provided impetus for market development.

In addition, according to statistics, 1 kg of modified plastic can replace 2-3 kg of steel and other dense materials, and each 10% of the weight of the car will reduce fuel consumption by 6% -8%. With the steady growth of the automotive market and the gradual increase in the proportion of modified plastics in the entire vehicle, the automotive modified plastics market will have a large room for growth. The demand for twin-screw extruders in the automotive sector is expected to continue to rise.

In recent years, the rapid development of the pet industry has promoted the accelerated expansion of the market size of the pet feed industry, especially in China and other regions. The increasing demand for pet feed in the market has also promoted the rapid development of the pet feed industry. In addition to well-known international monopoly brands, new players have continued to enter the market, which has promoted the market demand for Twin Screw Extruder.

S	The development of modified plastics, pet feed, and other industries has promoted market demand for Twin Screw Extruder.
W	Higher production costs and complex production processes R & D pressure
O	Constant product updates promote market development Continuous expansion of downstream applications
T	Fierce market competition in various regions Suppliers occupy a more important position and have higher bargaining power