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Dublin, November 22, 2021/PRNewswire/-"By extruder type (single screw, twin screw, plunger), end-use industry (building and construction, transportation, consumer goods) and region (Asia Pacific, North America) , Europe, South America and the Middle East and Africa)-Forecast to 2026" report has been added to ResearchAndMarkets.com products.
The global extruder market in 2021 is estimated to be 9.3 billion U.S. dollars and is expected to reach 11.5 billion U.S. dollars by 2026, with a compound annual growth rate of 4.4% from 2021 to 2026. The extruder market is mainly driven by the growth in demand from the construction industry. However, strict government regulation and huge investment are expected to inhibit market growth.
Since the past few years, large-scale industrial growth has occurred in the Asia-Pacific region, and this situation is expected to continue in the next five years. In the past ten years, domestic and foreign investment in the construction industry in the region has continued to grow, which has promoted the growth of the extruder market. The construction industry in the Middle East and Africa is also experiencing rapid growth, driving the demand for extruders. The optimistic outlook for industrialization in sub-Saharan Africa has promoted the development of the extruder market.
In terms of value, building and construction is expected to be the largest end-use industry in the extruder market between 2021 and 2026
In terms of volume and value during the forecast period, the construction and construction end-use industries have the highest share of the overall market. The rapid growth of the construction industry and large-scale investment in infrastructure projects by emerging economies have led to an increase in demand for extrusion products such as door and window frame systems, curtain walls, roof and exterior wall cladding, space frame systems, canopies and arches , Which in turn stimulated the demand for extruders.
Rapid economic growth in the Asia-Pacific region drives demand for extruders in the region
The Asia-Pacific region is the largest market for extruders, which is mainly attributed to high economic growth rates, followed by heavy investment in industries such as oil and gas, automobiles, infrastructure, chemicals, steel and military. With the economic shrinkage and saturation of the European and North American markets, demand is shifting to the Asia-Pacific region.
Extruder manufacturers are targeting this region because it is the strongest regional market for various applications, such as the growing demand for infrastructure, construction and construction, and the automotive industry. The advantage of shifting production to the Asian region is that production costs here are low. In addition, it is easier to serve local emerging markets.
The report breaks down the extruder market based on extruder type, end-use industry, and region, and provides an estimate of the overall market size in each region. A detailed analysis of the major industry players was carried out to gain an in-depth understanding of the business profile, products and services, and key strategies related to the extruder market.
For more information about this report, please visit https://www.researchandmarkets.com/r/p7v21m
Research and Marketing Laura Wood, Senior Manager [email protected] Call 1-917-300-0470 during US Eastern Time Office Hours, US/Canada Toll Free 1-800-526-8630 GMT Office Hours, Call 353-1-416-8900 US Fax: 646-607-1904 Fax (Outside the US): 353-1-481-1716
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