Global Twin Screw Extruders Market : Key Players, Growth, Analysis 2019 to 2025
Twin Screw Extruders Market report provides the latest market data along with industry future trends, which keeps tracking of users driving revenue growth rate of twin screw extruders market by by product (co-rotating, and counter rotating), applications (plastic industries, rubber industries, food industries, and other applications) market status and outlook of global and major regions, from manufacturers, and end industries. As this report is expected to help key players among the twin screw extruders market it includes the five years Industry analysis and the 6 years annual forecast from to 2025. Some of the prominent participants in the global twin screw extruders market are Buhler AG, KraussMaffei Group, Leistritz AG, Coperion GmbH, Thermo fisher Scientific, Toshiba Machine, Icma San Giorgio spa, Sino-Alloy Machinery Inc., Everplast Machinery Co., Ltd, Development Machinery Co., Ltd., and other companies. The global twin screw extruders market is projected to grow at a CAGR of 3.2% over the forecast period of 2019-2025.
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Growing Automotive Industry and Growing Demand for Extruded Products from the Building & Construction Industry are Other Driving Factors of the Market Growth
Growing demand for plastic products across the globe is the major driving factor of the twin screw extruders market. The demand for twin screw extruders market is increasing due to increasing demand from food, rubber, and plastic-processing products along with emerging pharmaceutical sectors. Furthermore, factors such as the growing automotive industry and growing demand for extruded products from the building & construction industry are other driving factors of the market growth.
Rising technological advancements and developments in twin screw extruders are boosting the market growth. However, the low effectiveness and reliability of China’s twin screw extruder’s gearbox hamper the market growth. Moreover, numerous companies are undergoing the phase of replacing their earlier extruders in the plastic industry that provides lucrative growth opportunities to the market players.
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North America Dominates the Global Twin Screw Extruders Market
Geographically, North America dominates the global twin screw extruders market due to the increasing consumption of extrusion-based food products such as bakery products, snacks, etc. Europe is the second-largest market for twin screw extruders owing to the demand for co-rotating twin screw extruders for food, pharmaceutical, coating, and plastic industry in this region. The Asia-Pacific region is expected to grow with a high CAGR due to the exponential rise in the manufacturing and packaging industries.
Twin Screw Extruders Market: Segmentation
The report on the global twin screw extruders market covers segments such as product, and applications. On the basis of product, the sub-markets include co-rotating, and counter rotating. On the basis of applications, the sub-markets include plastic industries, rubber industries, food industries, and other applications.
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the twin screw extruders.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.