Global Twin-screw Extruders Market By Type (Intermeshing, Non-Intermeshing), By End-Use Industry (Chemical, Food & Beverage, Pharmaceuticals, and Others), By Sales Channel (Direct/ OEM, Indirect), and by Region (North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2031
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.
Attributes |
Details |
Report Title |
Twin-screw Extruders Market – Overall Industry Analysis, Size, Share, Growth, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016 and 2021 |
Forecast Period |
2023–2031 |
Segmentation |
Type (Intermeshing, Non-Intermeshing), End-Use Industry (Chemical, Food & Beverage, Pharmaceuticals, Others), Sales Channel (Direct/ OEM, Indirect) |
Regional Scope |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered |
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. |
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
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Twin-screw Extruders Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Twin-screw Extruders Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Twin-screw Extruders Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Twin-screw Extruders Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Twin-screw Extruders Market Size & Forecast, 2016-2031
4.5.1 Twin-screw Extruders Market Size and Y-o-Y Growth
4.5.2 Twin-screw Extruders Market Absolute $ Opportunity
4.6 Global Twin-screw Extruders Market: Pricing Analysis, Forecast 2016-2031
Chapter 5 Global Twin-screw Extruders Market Analysis and Forecast By Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Type
5.1.2 Basis Point Share (BPS) Analysis By Type
5.1.3 Absolute $ Opportunity Assessment By Type
5.2 Twin-screw Extruders Market Size & Volume Forecast By Type
5.2.1 Intermeshing
5.2.2 Non-Intermeshing
5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Twin-screw Extruders Market Analysis and Forecast By End-Use Industry
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities By End-Use Industry
6.1.2 Basis Point Share (BPS) Analysis By End-Use Industry
6.1.3 Absolute $ Opportunity Assessment By End-Use Industry
6.2 Twin-screw Extruders Market Size & Volume Forecast By End-Use Industry
6.2.1 Chemical
6.2.2 Food & Beverage
6.2.3 Pharmaceuticals
6.2.4 Others
6.3 Market Attractiveness Analysis By End-Use Industry
Chapter 7 Global Twin-screw Extruders Market Analysis and Forecast By Sales Channel
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities By Sales Channel
7.1.2 Basis Point Share (BPS) Analysis By Sales Channel
7.1.3 Absolute $ Opportunity Assessment By Sales Channel
7.2 Twin-screw Extruders Market Size & Volume Forecast By Sales Channel
7.2.1 Direct/ OEM
7.2.2 Indirect
7.3 Market Attractiveness Analysis By Sales Channel
Chapter 8 Global Twin-screw Extruders Market Analysis and Forecast by Region
8.1 Introduction
8.1.1 Key Market Trends & Growth Opportunities by Region
8.1.2 Basis Point Share (BPS) Analysis by Region
8.1.3 Absolute $ Opportunity Assessment by Region
8.2 Twin-screw Extruders Market Size & Volume Forecast by Region
8.2.1 North America
8.2.2 Europe
8.2.3 Asia Pacific
8.2.4 Latin America
8.2.5 Middle East & Africa (MEA)
8.3 Market Attractiveness Analysis by Region
Chapter 9 Coronavirus Disease (COVID-19) Impact
9.1 Introduction
9.2 Current & Future Impact Analysis
9.3 Economic Impact Analysis
9.4 Government Policies
9.5 Investment Scenario
Chapter 10 North America Twin-screw Extruders Analysis and Forecast
10.1 Introduction
10.2 North America Twin-screw Extruders Market Size & Volume Forecast by Country
10.2.1 U.S.
10.2.2 Canada
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 North America Twin-screw Extruders Market Size & Volume Forecast By Type
10.6.1 Intermeshing
10.6.2 Non-Intermeshing
10.7 Basis Point Share (BPS) Analysis By Type
10.8 Absolute $ Opportunity Assessment By Type
10.9 Market Attractiveness Analysis By Type
10.10 North America Twin-screw Extruders Market Size & Volume Forecast By End-Use Industry
10.10.1 Chemical
10.10.2 Food & Beverage
10.10.3 Pharmaceuticals
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis By End-Use Industry
10.12 Absolute $ Opportunity Assessment By End-Use Industry
10.13 Market Attractiveness Analysis By End-Use Industry
10.14 North America Twin-screw Extruders Market Size & Volume Forecast By Sales Channel
10.14.1 Direct/ OEM
10.14.2 Indirect
10.15 Basis Point Share (BPS) Analysis By Sales Channel
10.16 Absolute $ Opportunity Assessment By Sales Channel
10.17 Market Attractiveness Analysis By Sales Channel
Chapter 11 Europe Twin-screw Extruders Analysis and Forecast
11.1 Introduction
11.2 Europe Twin-screw Extruders Market Size & Volume Forecast by Country
11.2.1 Germany
11.2.2 France
11.2.3 Italy
11.2.4 U.K.
11.2.5 Spain
11.2.6 Russia
11.2.7 Rest of Europe
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Europe Twin-screw Extruders Market Size & Volume Forecast By Type
11.6.1 Intermeshing
11.6.2 Non-Intermeshing
11.7 Basis Point Share (BPS) Analysis By Type
11.8 Absolute $ Opportunity Assessment By Type
11.9 Market Attractiveness Analysis By Type
11.10 Europe Twin-screw Extruders Market Size & Volume Forecast By End-Use Industry
11.10.1 Chemical
11.10.2 Food & Beverage
11.10.3 Pharmaceuticals
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis By End-Use Industry
11.12 Absolute $ Opportunity Assessment By End-Use Industry
11.13 Market Attractiveness Analysis By End-Use Industry
11.14 Europe Twin-screw Extruders Market Size & Volume Forecast By Sales Channel
11.14.1 Direct/ OEM
11.14.2 Indirect
11.15 Basis Point Share (BPS) Analysis By Sales Channel
11.16 Absolute $ Opportunity Assessment By Sales Channel
11.17 Market Attractiveness Analysis By Sales Channel
Chapter 12 Asia Pacific Twin-screw Extruders Analysis and Forecast
12.1 Introduction
12.2 Asia Pacific Twin-screw Extruders Market Size & Volume Forecast by Country
12.2.1 China
12.2.2 Japan
12.2.3 South Korea
12.2.4 India
12.2.5 Australia
12.2.6 South East Asia (SEA)
12.2.7 Rest of Asia Pacific (APAC)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Asia Pacific Twin-screw Extruders Market Size & Volume Forecast By Type
12.6.1 Intermeshing
12.6.2 Non-Intermeshing
12.7 Basis Point Share (BPS) Analysis By Type
12.8 Absolute $ Opportunity Assessment By Type
12.9 Market Attractiveness Analysis By Type
12.10 Asia Pacific Twin-screw Extruders Market Size & Volume Forecast By End-Use Industry
12.10.1 Chemical
12.10.2 Food & Beverage
12.10.3 Pharmaceuticals
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis By End-Use Industry
12.12 Absolute $ Opportunity Assessment By End-Use Industry
12.13 Market Attractiveness Analysis By End-Use Industry
12.14 Asia Pacific Twin-screw Extruders Market Size & Volume Forecast By Sales Channel
12.14.1 Direct/ OEM
12.14.2 Indirect
12.15 Basis Point Share (BPS) Analysis By Sales Channel
12.16 Absolute $ Opportunity Assessment By Sales Channel
12.17 Market Attractiveness Analysis By Sales Channel
Chapter 13 Latin America Twin-screw Extruders Analysis and Forecast
13.1 Introduction
13.2 Latin America Twin-screw Extruders Market Size & Volume Forecast by Country
13.2.1 Brazil
13.2.2 Mexico
13.2.3 Rest of Latin America (LATAM)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Latin America Twin-screw Extruders Market Size & Volume Forecast By Type
13.6.1 Intermeshing
13.6.2 Non-Intermeshing
13.7 Basis Point Share (BPS) Analysis By Type
13.8 Absolute $ Opportunity Assessment By Type
13.9 Market Attractiveness Analysis By Type
13.10 Latin America Twin-screw Extruders Market Size & Volume Forecast By End-Use Industry
13.10.1 Chemical
13.10.2 Food & Beverage
13.10.3 Pharmaceuticals
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis By End-Use Industry
13.12 Absolute $ Opportunity Assessment By End-Use Industry
13.13 Market Attractiveness Analysis By End-Use Industry
13.14 Latin America Twin-screw Extruders Market Size & Volume Forecast By Sales Channel
13.14.1 Direct/ OEM
13.14.2 Indirect
13.15 Basis Point Share (BPS) Analysis By Sales Channel
13.16 Absolute $ Opportunity Assessment By Sales Channel
13.17 Market Attractiveness Analysis By Sales Channel
Chapter 14 Middle East & Africa (MEA) Twin-screw Extruders Analysis and Forecast
14.1 Introduction
14.2 Middle East & Africa (MEA) Twin-screw Extruders Market Size & Volume Forecast by Country
14.2.1 Saudi Arabia
14.2.2 South Africa
14.2.3 UAE
14.2.4 Rest of Middle East & Africa (MEA)
14.3 Basis Point Share (BPS) Analysis by Country
14.4 Absolute $ Opportunity Assessment by Country
14.5 Market Attractiveness Analysis by Country
14.6 Middle East & Africa (MEA) Twin-screw Extruders Market Size & Volume Forecast By Type
14.6.1 Intermeshing
14.6.2 Non-Intermeshing
14.7 Basis Point Share (BPS) Analysis By Type
14.8 Absolute $ Opportunity Assessment By Type
14.9 Market Attractiveness Analysis By Type
14.10 Middle East & Africa (MEA) Twin-screw Extruders Market Size & Volume Forecast By End-Use Industry
14.10.1 Chemical
14.10.2 Food & Beverage
14.10.3 Pharmaceuticals
14.10.4 Others
14.11 Basis Point Share (BPS) Analysis By End-Use Industry
14.12 Absolute $ Opportunity Assessment By End-Use Industry
14.13 Market Attractiveness Analysis By End-Use Industry
14.14 Middle East & Africa (MEA) Twin-screw Extruders Market Size & Volume Forecast By Sales Channel
14.14.1 Direct/ OEM
14.14.2 Indirect
14.15 Basis Point Share (BPS) Analysis By Sales Channel
14.16 Absolute $ Opportunity Assessment By Sales Channel
14.17 Market Attractiveness Analysis By Sales Channel
Chapter 15 Competition Landscape
15.1 Twin-screw Extruders Market: Competitive Dashboard
15.2 Global Twin-screw Extruders Market: Market Share Analysis, 2022
15.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
15.3.1 Clextral
15.3.2 Brabender GmbH & Co. KG
15.3.3 Bühler AG
15.3.4 Entek International LLC
15.3.5 Shibaura Machine CO., LTD
15.3.6 Xtrutech Ltd
15.3.7 Hillenbrand
15.3.8 Matila Industrial Co., Ltd.
15.3.9 Zenix Industrial Co., Ltd.
15.3.10 USEON Technology Limited
15.3.11 The Japan Steel Works, LTD.
15.3.12 Leistritz Extrusionstechnik GmbH
15.3.13 THEYSOHN GROUP
15.3.14 NANJING COWIN EXTRUSION MACHINERY CO.,LTD.
15.3.15 Thermo Fisher Scientific Inc.