According to a recent market study published by Growth Market Reports, titled, “Global Twin-screw Extruders Market By Type, By End-Use Industry, By Sales Channel, and By Region: Size, Share, Trends, and Opportunity Analysis, 2015-2030”, the market was valued at US$ 1,128.1 Million in 2022 and is anticipated to expand at a growth rate of 4.5% by 2031.  

Twin-screw extruders enable efficient material mixing and shaping processes. Various types of powder mixtures that need to be combined, melted, and shaped are processed using these extruders.

Twin-screw extruders are highly efficient devices that are capable of processing several tons of plastic per hour. The flexibility of twin-screw extrusion equipment allows for the design of operations, specifically, for the formulation being processed. The two screws are co-rotating or counter-rotating, intermeshing or non-intermeshing. Varied configurations of the screws use forward conveying elements, reverse conveying elements, kneading blocks, and other designs to achieve particular mixing characteristics.

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The Twin-screw Extruders market has been fragmented based on type, end-use industry, sales channel, and by region. By type, the global twin-screw extruders market is categorized into intermeshing and non-intermeshing. Based on the end-use industry, the twin-screw extruders market is categorized as chemical, food and beverage, pharmaceutical, and others. By sales channel, the global twin-screw extruders market is categorized into direct/OEM and indirect. On the basis of region, the global twin-screw extruders market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Key factors that are anticipated to fuel the demand for Twin-screw Extruders during the forecast period are the expansion of end-use industries, rising demand for personalized goods and increasing consumer spending, and increasing focus on sustainability Various manufacturing industries such as chemical, food processing, packaging, and pharmaceutical rely heavily on twin-screw extruders for precision product development.

Therefore, the continuous expansion of the chemical, food, and pharmaceutical processing industries leads to the growth of the twin-screw extruders market. The food processing industry has gained significant traction in recent years, due to increased urbanization, rising disposable income, and growing demand for convenient food.

The Coronavirus disease 2019 (COVID-19) pandemic highlighted economic disparities, global interdependence, and governance challenges. Pandemics are isolated concerns for businesses and prospects for emerging patterns and vulnerabilities. The pandemic restricted the twin-screw extruders market, causing severe disruptions in businesses. This declined the global economy. The pandemic caused disruption in the supply chain of twin-screw extruders. The disruption is caused by various factors such as reduced production capacity, due to lockdown and transportation restrictions.

As per Growth Market Reports Industry Analyst, Partha Paul, “The food processing sector is a key sector in India. The growth of this sector is attributed to the changing demographics and lifestyle, affordable workforce availability, and wide availability of raw materials. The food industry in India is expanding at an annual rate of 11%, with the food processing sector accounting for 32% of the total rate. Total FDI received in the food processing sector in India from April 2000 till December 2022 accounted for $11.79 billion. The food processing sector in the US and China is registering significant growth and investment, which, in turn, is expected to create numerous growth opportunities in the twin-screw extruders market.”

The term, ‘value chain’, refers to various business activities and processes involved in creating a product or performing a service. A value chain is a set of activities that an organization carries out to create value for its customers. Various components/ raw materials are used for manufacturing twin-screw extruders. Some of these components are conveying unit, feeding unit, barrels, screws, and others. Components are shipped to manufacturers to be processed for final assembly.

Key Takeaways from the Study

  • Players in the twin-screw extruders market include The Japan Steel Works, LTD., Hillenbrand, Bühler AG, Shibaura Machine CO., LTD, ENTEK International LLC, Thermo Fisher Scientific Inc., Leistritz Extrusionstechnik GmbH, THEYSOHN GROUP, Clextral, Brabender GmbH & Co. KG, Xtrutech Ltd, USEON Technology Limited, NANJING COWIN EXTRUSION MACHINERY CO.,LTD., Zenix Industrial Co., Ltd., and Matila Industrial Co., Ltd. Xtrutech Ltd, USEON Technology Limited, NANJING COWIN EXTRUSION MACHINERY CO.,LTD., Zenix Industrial Co., Ltd., and Matila Industrial Co., Ltd are some key players that account for a small share of the market.
  • The global twin-screw extruders industry is significantly influenced by the expansion of end-use industries. twin-screw extruders are commonly used to facilitate efficient mixing of material and are widely used to process powder blends that need to be thoroughly mixed as well as being melted and formed. These extruders are specifically used for devolatilization, pumping thermally sensitive materials, ingredient mixing (compounding), and for mixing and transporting viscous materials in reaction chambers. Therefore, continuous expansion of chemical, food, and pharmaceutical processing industries leads to the growth of the twin-screw extruders market.
  • Rising demand for personalized goods and increasing consumer spending is a major factor that is driving the global Twin-screw Extruders market. In recent years, consumers have become aware and particular about their buying options. Customized and personalized goods are becoming popular among consumers. These products require flexible and adaptable manufacturing processes, which utilize high flexible processing machines such as twin-screw extruders. These extruders offer several benefits over conventional extrusion methods, including high output rates, high product quality, and decreased waste. Rising disposable income of consumers in emerging economies such as China and India is expected to further accelerate the growth of the market.
  • Based on type, the global twin-screw extruders market is categorized into intermeshing and non-intermeshing. The intermeshing segment is projected to expand at a XX% CAGR during the forecast period. This type of extruder is extensively used in chemical industry particularly for polymer reactions and other mixing and granulation applications due to its good transportability properties and better screw position. The non-intermeshing segment held market share of XX% in 2022 and is expanding at a CAGR of XX.X% during the forecast period. Moreover, non-intermeshing extruders are widely used for hot melt adhesives, glass fiber, and polymers.
  • Based on the end-use industry, the twin-screw extruders market is categorized as chemical, food and beverage, pharmaceutical, and others. The food and beverage segment held an XX% share of the market in 2022, as twin-screw extruders are widely used in this industry due to their advantages such as excellent mixing capacity and process flexibility. The pharmaceutical sector is projected to hold a market share of XX% in 2031, owing to the increasing demand for twin-screw extruders for hot melt extrusion and continuous granulation respectively in pharmaceutical R&D and manufacturing. Furthermore, the increasing use of twin-screw extruders in the production of active pharmaceutical ingredients (APIs) is increasing their demand in the pharmaceutical industry.  
  • Based on sales channel, the global twin-screw extruders market is categorized into direct/OEM and indirect. The indirect segment held a market share of XX% in 2022 and is expanding at a CAGR of XX% during the forecast period. OEMs have long relied on independent distributors for their GTM strategies. Over the past few years, many manufacturers have been moving toward a relationship business model and focusing on aftermarket or indirect sales through distributors due to the changing market condition. This is expected to accelerate the segment in near future.
  • On the basis of region, the global twin-screw extruders market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
  • North America held XX.X% share of the global market in 2022, due to the presence of twin-screw extruder producers and increasing demand for twin-screw extruders from various end-use industries.
  • The market in Europe is anticipated to expand at a CAGR of XX.X% during the forecast period. The growth of the food and beverage industry and presence of well-established chemical industry are the primary drivers of the market in the region.
  • Asia Pacific accounted for a market share of XX.X% in 2022. Asia Pacific is a major manufacturer of twin-screw extruders. The region is home to highly populated countries, which increases the demand for food products such as puffed foods and noodles, production of which requires twin-screw extruders, thus driving the market in the region. twin-screw extruders are becoming important in compounding and recycling processes due to increasing emphasis on sustainability and environmental standards. Twin-screw extruders ease the processing of recycled materials and comprise additives into plastic products to improve sustainability. This, in turn, fuels the market.
  • The market in the Middle East & Africa and Latin America is projected to expand at a CAGR of XX.X% and XX.X%, respectively, during the forecast period. Expansion of the chemical and food & beverage industries in Brazil has increased the demand for twin-screw extruders in the region.

Report Scope

Report Metric

Details

Market Value in 2022

US$ 1,128.1 Million

Market Growth Rate (from 2023 to 2030)

 4.5%

Historical Data

2016 & 2021

Base Year

2022

Forecast Period

2023 - 2031

Units Considered

Value (US$ Million)

Market Segments

By Type, By End-Use Industry, By Sales Channel, and By Region

Key Companies Profiled

The Japan Steel Works, LTD., Hillenbrand, Bühler AG, Shibaura Machine CO., LTD, ENTEK International LLC, Thermo Fisher Scientific Inc., Leistritz Extrusionstechnik GmbH, THEYSOHN GROUP, Clextral, Brabender GmbH & Co. KG, Xtrutech Ltd, USEON Technology Limited, NANJING COWIN EXTRUSION MACHINERY CO.,LTD., Zenix Industrial Co., Ltd., and Matila Industrial Co., Ltd.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail of tailor-made purchase options to meet all research requirements

Target Audience

  • Supply-side: Twin-screw Extruders providers
  • Demand Side: Industries such as chemical processing, food & beverage, and pharmaceutical
  • Regulatory Side: Concerned government authorities and other approval regulatory bodies