Twin-screw Extruders Market Outlook
The global Twin-screw Extruders market was estimated at USD 1,128.1 Million in 2022 and is anticipated to reach USD 1,649.5 Million by 2031, expanding at a CAGR of 4.5% during the forecast period.
A twin-screw extruder is a device with two co-rotating screws that mesh together. These two screws are placed on splined shafts inside of a closed barrel. These two parallel screws spin inside the cylinder-shaped barrel. The screws are secure and self-wiping. They remove stagnant areas along the full length of the process section.
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. Twin-screw extruders enable efficient material mixing and shaping processes.
Twin-screw Extruders Market Macro-economic Factors
Technology Advancements
The twin-screw extruder market is significantly impacted by technological changes, as new designs and technologies enhance performance, efficiency, and usability. Many industries, including chemical, food and beverage and pharmaceutical industries use twin-screw extruders.
Innovations that enhance the efficiency, productivity, and versatility of extruders, such as improved control systems, automation, energy-saving features, and advanced material handling capabilities, can attract new customers and boost market demand.
Government Regulation
The regulatory environment, including government regulations, and safety standards, can significantly impact the twin-screw extruder market. For instance, regulations promoting sustainable manufacturing processes, recycling, and waste reduction can boost the adoption of the twin-screw extruder.
Plastic regulations have a significant impact on the twin-screw extruder market due to the widespread use of extruders in plastic processing or recycling. Plastic recycling and the promotion of a circular economy are the key focus areas for governments worldwide.
Twin-screw Extruders Market Dynamics
Market Driver- Expansion of End-use Industries
A twin-screw extruder is a machine with efficient mixing capability and a high level of process flexibility. It consists of two intermeshing, co-rotating screws mounted on splined shafts in a closed barrel. Thus, twin-screw extruders are commonly used to facilitate the efficient mixing of material and are widely used to process powder blends that need to be thoroughly mixed as well as melted and formed.
These extruders are specifically used for devolatilization, pumping thermally sensitive materials, ingredient mixing (compounding), and mixing and transporting viscous materials in reaction chambers. These machines enable the production of a wide range of products for the food, plastic, and chemical industries. It enables the continuous production of highly homogeneous and finely structured products.
Market Driver- Rising Demand for Personalized Goods and Increasing Consumer Spending
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 highly 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.
This machine enables producers to cater to a variety of consumer requirements, as they handle a wide range of materials, additives, and formulations. The high population and increased expenditure for customized consumer goods have positively impacted the global twin-screw extruders market. The rising disposable income of consumers in emerging economies such as China and India is expected to further accelerate the growth of the market.
Market Restraint- High Operational and Investment Cost Associated with Twin-screw Extruders
Twin-screw extruders are complicated and highly advanced equipment, which require high initial and operational costs. High cost of obtaining and installing twin-screw extruders is expected to restrain the growth of the market. These machines are expensive, especially for small and medium-sized enterprises (SMEs) or businesses. These machines require huge capital investment and financing.
Manufacturers invest in R&D activities as well as cater to the demand for technical specifications, innovations, and a wide variety of products. Along with the high initial cost, the machine requires high maintenance to prevent any breakdown and production delay. The machines need to be changed in some cases, such as system failure or parts breakdown, which significantly increases the total cost of the product. These factors are projected to hamper the growth of the market.
Market Opportunity- Increasing Government Policies and Investments in Food Processing Sector
Food is a primary necessity. Governments across the globe have a significant influence on the food offered for human consumption. Several types of food processing have a positive impact on the safety and quality of food products and are essential to supporting safe, affordable, and nutritious diets. Thus, governments across the globe, especially in emerging economies such as India and China, are initiating some policies for the food processing industry.
Increasing domestic and foreign investment in the food processing sector enables the industry to grow significantly in the coming years. Expansion of this industry is expected to create lucrative growth opportunities for manufacturers in the twin-screw extruders market, as it is considered as an essential component for precision product development.
Scope of Twin-screw Extruders Market Report
The report on the Twin-screw Extruders market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Twin-screw Extruders Market – Overall Industry Analysis, Size, Share, Growth, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016 and 2021
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Forecast Period
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2023–2031
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Segmentation
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Type (Intermeshing, Non-Intermeshing), End-Use Industry (Chemical, Food & Beverage, Pharmaceuticals, Others), Sales Channel (Direct/ OEM, Indirect)
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Regional Scope
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North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered
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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.
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Twin-screw Extruders Market Segmental Outlook
Based on type, the global twin-screw extruders market is categorized into intermeshing and non-intermeshing. The non-intermeshing segment held a market share of 19.1% in 2022 and is expanding at a CAGR of XX.X% during the forecast period.
These types of extruders have comparatively limited applications than the intermeshing type The intermeshing segment is projected to expand at a XX.X% CAGR during the forecast period. This type of extruder is extensively used in the chemical industry particularly for polymer reactions and other mixing and granulation applications due to its good transportability properties and better screw position.
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 a 30.4% 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. Furthermore, the expanding food and beverage industry is driving the market, as the twin-screw extruders have a wide range of applications in chocolate coating, candy, gum, and enzyme modification processes.
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.
The chemical segment is anticipated to expand at an XX% CAGR during the forecast period due to the growing demand for twin-screw extrusion in chemical manufacturing. Twin-screw extruders offer the advantages such as increased mixing capacity, superior control of process parameters, fast processing speeds, and improved handling of very stiff materials such as PVC.
Based on sales channel, the global twin-screw extruders market is categorized into direct/OEM and indirect. The indirect segment held market share of 24.6% in 2022 and is expanding at a CAGR of 4.3% 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. The direct/OEM segment is projected to expand at a XX.X% CAGR during the forecast period. OEMs have long relied on independent distributors for their go-to-market (GTM) strategies. Manufacturers of twin-screw extruders prefer selling their product through direct sales or OEM to eliminate the high makeup and cost associated with hiring intermediaries to distribute their products. Thus, they enjoy high-profit margins on their products through direct sales. These factors contribute to the growth of this segment.
Regional Outlook
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 use of twin-screw extruders in the pharmaceutical industry is boosting the market. 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 the presence of a well-established chemical industry are the primary drivers of the market in the region.
Asia Pacific accounted for a market share of 35.0% 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, the production of which requires twin-screw extruders, thus driving the market in the region.
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. The market in the Middle East & Africa is projected to register significant growth in the coming years due to the expansion of the pharmaceutical industry in the region.
Key Benefits for Industry Participants & Stakeholders
- In-depth Analysis of the Global Twin-screw Extruders Market
- Historical, Current, and Projected Market Size in terms of Value
- Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
- Industry Drivers, Restraints, and Opportunities Covered in the Study
- Recent Industry Trends and Developments
- Competitive Landscape & Strategies of Key Players
- Neutral Perspective on Global Twin-screw Extruders Market Performance
Segments
By Type
- Intermeshing
- Non-Intermeshing
By End-Use Industry
- Chemical
- Food & Beverage
- Pharmaceuticals
- Others
By Sales Channel
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Asia
Key Market Players Profiled in the Report
- 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.
- Matila Industrial Co., Ltd.
Competitive Landscape
- Manufacturers operating in the Twin-screw Extruders market are 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. Market players are pursuing key strategies such as acquisitions, collaborations, and geographic expansion.
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