Sarasota, FL -- (SBWIRE) -- 07/13/2018 -- Global Twin Screw Extruders Market: Overview
Extrusion involves compressing and creating products from the polymeric materials like liquids, slurries, solids and also gases. Twin Screw Extruders are mainly used for mixing, reacting or compounding viscous or polymeric materials in industries. Twin screw extrusion finds its uses in many pharmaceutical, polymer and food industries. The flexibility of twin-screw extrusion equipment allows designing of these machines, especially to the desired task. Recent developments in Twin Screw Extruders technology is mushrooming the market as many plastic manufacturing companies are in a phase of replacing their older extruders.
Global Twin Screw Extruders Market: Growth Factors
The increasing consumption of extruded components and products in construction, building and transportation industries, increasing demand from the packaging industries, rubber and beverage industries along with technological advancements are expected to propel the requirement for the global Global Twin Screw Extruders Market.Emerging applications in the food industry are is likely to boost the market further. Moreover, the rising demand and production of plastic products and goods with either linear or cross-sectional profile from various sectors are expected to drive the market for Twin Screw Extruders.
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Global Twin Screw Extruders Market: Segmentation
The Global Twin Screw Extruders Market is classified in terms of product, market, and region. On the basis of Product, the Global Twin Screw Extruders Market is divided into Co-Rotating and Counter Rotating. The co-rotating segment is expected to grow at the highest CAGR in the coming years owing to its usage in plastic processing industries and increase in demand for PVC processing components like sheets, films, pipes, etc. On the basis of Market, the Global Twin Screw Extruders Market is segmented into Food Industries, Rubber Industries, Plastic industries and others.
Global Twin Screw Extruders Market: Regional Analysis
North America is projected to have a major share in the Global Twin Screw Extruders Market followed by Europe. In this region, the plastic industry is dominated by other application segments, rising consumption of extrusion-based food products such as bakery products, snacks, etc. Processing these food items needs thermoplastic extrusion thus fuelling the growth of the market in North America.Europe accounts to be the second largest market for Global Twin Screw Extruders owing to the demand for co-rotating twin screw extruder in terms of volume mainly for food, pharmaceutical, coating, and plastic industry. Asia Pacific region is expected to witness an exponential rise in manufacturing and packaging industries, as a result, there is a significant rise in demand for plastic components further driving the Global Twin Screw Extruders Market.
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Global Twin Screw Extruders Market: Competitive Players
Some of the most important market players in the Leistritz AG, KraussMaffei group, Icma San Giorgio spa, Sino-Alloy Machinery Inc., Everplast Machinery Co., Ltd, Development Machinery Co., Ltd., Thermo Fisher Scientific, Cheng Yieu Maris S.P.A., Buhler AG, Clextral AG, Coperion GmbH, Brabender GmbH & Co. Kg, Zenix Industrial Co., Ltd., Toshiba Machine Co., Ltd., among others.
Global Twin Screw Extruders Market: Regional Segment Analysis
The Asia Pacific
The Middle East and Africa
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