Extrusion Machinery Market Size

Global Extrusion Machinery Market size was valued at USD 9.3 billion in 2023 and is poised to grow from USD 9.82 billion in 2024 to USD 15.19 billion by 2032, growing at a CAGR of 5.6% during the forecast period (2025-2032).

This expansion is due to the rising demand for plastic and metal products, especially in the construction sector, which is a major contributor. Moreover, massive investments in manufacturing facilities and infrastructure development are driving the global extrusion machinery market growth. In addition, increased development of premium technologies, such as automation and smart manufacturing processes, increases efficiency and quality. Additionally, increased emphasis on recycling and sustainability is encouraging manufacturers to implement advanced extrusion solutions, further increasing market growth.

Extrusion equipment molds materials, often plastics or metals, by pushing them through a die to produce certain profiles or shapes. The increasing need for plastic products in different industries contributes heavily to the expansion of the global extrusion machinery market. The construction, packaging, and automotive sectors use more plastics since they are lightweight, long-lasting, and inexpensive. As urbanization and disposable incomes increase, the need for plastic products increases, driving the extrusion machinery market.

In addition to this, the continuous drive towards technological progress plays a very vital role in driving the industry forward. Extrusion machine manufacturers are investing substantially in research and development to increase the efficiency and the versatility of the machines. Apart from that, with the inclusion of automation, sensors, and data analysis, there is improved optimized production, which reduces waste and offers improved quality products. All these technological innovations improve productivity and offer significant cost advantages to manufacturers, and therefore, the extrusion machine becomes a preferable choice.

Moreover, sustainability has become a concern of the market. As there is greater awareness of the negative effects of plastic waste on the environment, consumers and governments are increasingly demanding sustainable operations. The result is that businesses are forced to adopt steps that reduce their carbon footprint to the barest minimum. This has driven the creation of energy-efficient machines and biodegradable products as a response to consumer pressure for green products.

Key Market Attributes

In January 2024, Extrusion Technology Group (ETG), which included Battenfeld-Cincinnati, Exelliq, and Simplas, was successfully acquired by Davis-Standard. With cutting-edge technology coupled with industry expertise, the strategic purchase substantiates Davis-Standard's global position in the market for extrusion machinery and will include changing its profile of customers, product lines, and enable development in high-performance extrusion solutions. Davis-Standard anticipates reaping the benefits of ETG know-how to drive sustainability, efficiency, and innovative manufacturing processes to a wide base of multinational corporations.

At the Fakuma trade fair in November 2023, KraussMaffei once more positioned its market leadership in extrusion technologies by presenting the ZE 28 BluePower lab extruder. This high-end twin-screw extruder renders itself to the areas of efficiency, flexibility, and user-friendliness, as these are qualities of growing importance to the customer. The increased processing capacity of the new machine, enhanced energy efficiency, and improved performance make it the top choice for research and development. KraussMaffei innovates further by providing new extrusion technology for industrial innovation.

In August 2023, Hans Weber Maschinenfabrik's WEBER extrusion department in Kronach, Upper Franconia, launched a new measuring and inspection system for extrusion machines. The new wear measurement system is precisely equipped to monitor and control cylindrical components to improve equipment life and operating efficiency. By providing accurate wear information, the technology assists companies in improving production quality, reducing downtime, and improving maintenance scheduling. WEBER keeps pushing the limits of extrusion technology with innovative solutions.