Extrusion Equipment Market Size and Forecasts (2021 – 2031)
Extrusion equipment is designed and used for the process of extrusion of various materials such as metals and plastics. There are different types of extrusion equipment available namely: single screw extruders, twin screw extruders, and downstream equipment among others. The extrusion equipment market is experiencing high demand due to the increased usage of extruded products across different industry verticals. The companies providing extrusion equipment are focusing on the development of more efficient equipment to attract more customers and gain a competitive edge over the other players in the market. Extruded products are gaining high popularity in various sectors like food & beverage, pharmaceuticals, and consumer goods due to their physical properties like increased flexibility and lightweight. Enhanced flexibility, lightweight, and increased demand for extruded products by the construction industry are the major factors that are expected to drive the growth of this market. However, the high maintenance cost of extrusion equipment is the primary factor that is anticipated to hinder the growth of extrusion equipment market.
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Top Key Major Players:-
- Toshiba Machine Co., Ltd
- Yizumi-HPM Corporation
- Thermo Fischer Scientific Inc.
- Milacron
- Coperion Gmbh
- Conair Group
- Kraussmaffei Berstorff
- Presezzi Extrusion S.P.A.
- The Japan Steel Works, Ltd.
