Global Twin Screw Extruders Market To Power Swiftly And Reach US$1.54 Billion By 2026 – ZMR

Global Twin Screw Extruders Market is projected to record the CAGR of about 3% over the period from 2020 to 2026.

— Zion Market Research has claimed that the global market for twin screw extruders will cross US$1.54 billion by 2026. If these numbers are to be believed, the global market for twin screw extruders will grow at a solid CAGR of more than 3% by 2026. Based on the created, Europe had the lion’s share in the global market. On the other hand, Asia Pacific is expected to show the max CAGR in the years to come. On the basis of product type, the requirement for co-rotating devices is more volume-wise.

Major players active in the global market are KraussMaffei Group, Buhler AG, Coperion GmbH, Leistritz AG, Toshiba Machine, and Thermofisher Scientific. These firms majorly aim on attaining long-term development via R&D activities and innovations.

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Up-And-Coming Applications In Pharmaceutical Industry To Power The Growth Opportunities

In the years to come, the global market is predicted to gain from the increasing requirement from the food, plastic, and rubber processing sectors. Up-and-coming applications in the pharmaceutical industry are also expected to power the global market for twin screw extruders. Considering the latest technological enhancements, development is expected to stay steady for the global market. In addition to this, the industry players will find profitable opportunities in the plastic sector as many firms are undergoing the stage of restoring their previous extruders.

Moreover, the increasing production of plastic products and the rising applications all over diverse industries are expected to assist the market develop in the years to come. Apart from this, the market is also expected to advantage from the increasing requirement from food & beverages and packaging sectors. In developing nations the market will gain from the increasing requirement for pipes in construction and irrigation industries. Considering the increasing disposable revenue of users, paired with altering lifestyle aspirations and preferences, the requirement for packaged & processed foods is expected to increase in the years to come, thereby fueling the requirement for twin screw extruders in the coming years from the plastic packaging industry.

Development Of Plastic Sector In Developing Nations To Generate Lucrative Prospects

The government of India is aiming for an investment of more than US$ 4 billion to power its road, railway, and shipping infrastructure over the years to come. In the same manner, plastic processing sector in India is expected to cross almost 22 million metric tons by 2022 annually. It is essential to note here that plastics are essential substances that go into making of goods such as water proofing membranes, pipes, wooden PVC composites, and wires & cables. Apart from this, the requirement for plastic is predicted to increase in China.

The global twin screw extruders market is segmented as follows:

By Product

Co-Rotating
Counter Rotating

By Application

Plastic Industries
Rubber Industries
Food Industries
Others

By Region

North America
The U.S.
Canada

Europe
France
The UK
Spain
Germany
Italy
Rest of Europe

Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific

Latin America
Brazil
Mexico
Rest of Latin America

Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa

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Source URL: https://marketersmedia.com/global-twin-screw-extruders-market-to-power-swiftly-and-reach-us154-billion-by-2026-zmr/88983356

Source: MarketersMedia

Release ID: 88983356