In a recent published report, Kenneth Research has updated the market report for Extruders Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Extruders Market products.
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Global Extruders Market
By End use industry (Transporation, Consumer Goods, Others), By Type (Twin Screw Extruder, Single Screw Extruder, RAM Extruder), By Region (North America, South America, Asia pacific, Europe, Middle East and Africa, Rest of World)
The Global Extruders Market was valued at USD 7.72 billion in 2016 and is projected to reach USD 11.85 billion by 2025, growing at a CAGR of 4.38% from 2017 to 2025.
Due to the increasing population, growing global economy and rising consumer spending have resulted in the increase in demand for goods and vehicles in the emerging economies. This is fueling the growth for the extruders market. Rising demand for metal products, windows and door frames, canopies, bridge decks etc. are also leading to the major growth of the extruders market. This market is targeting the audience from sectors like end use industries, Government bodies, Industry Associations, Investment banks and others.
1. Market Drivers
1.1 Rise in automotive industry in Asia Pacific.
1.2 High demand for extruded products in the building industry.
2. Market Restraints
2.1 Major rise in cost of raw materials.
The Global Extruders Market is segmented on the basis of End use industry, Type and Region.
1. By End Use Industry.
1.2 Building & Construction
1.3 Consumer Goods
2. By Type:
2.1 Twin Screw Extruder
2.2 Single Screw Extruder
2.3 RAM Extruder
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Middle East and Africa
3.5 Latin America
3.6 Rest of World.
The major players in the market are as follows:
1. Toshiba Machine Co., Ltd.
2. Coperion GmbH
4. Kraussmaffei Group
5. Davis-Standard, LLC
6. Milacron Holdings Corp.
7. The Japan Steel Works, Ltd.
10. Leistritz AG
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Global Extruders Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the research methodology of verified market research and other aspects of the research study, kindly get in touch with our sales team.
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