Vinyl Extrusion Equipment Market Snapshot 2023 to 2033
The global vinyl extrusion equipment market is anticipated to accumulate a market value of US$ 7.57 billion in 2023 and is expected to garner a valuation of US$ 14.5 billion by exhibiting a CAGR of 6.7% in the forecast period 2023 to 2033. The industry for Vinyl Extrusion Equipment registered a CAGR of 5% in the historical period 2018 to 2022.
Increasing awareness about energy saving globally is propelling the market of vinyl extrusion equipment. Hence, vinyl extrusion machine manufacturers are increasingly focusing toward manufacturing efficient and reliable twin-screw plastic extrusion equipment to boost the growth of the market.
For example, The Japan Steel Works (JSW) offers TEX series of twin-screw extruders, which ensures both high degassing and high kneading performance for direct film/sheet processing.
The higher manufacturing rates and rapid production through vinyl extrusion is estimated to cater to the growth of the vinyl extrusion equipment market.
Along with this, hectic lifestyle of consumers has increased the adoption of frozen food. Due to this, the extruded plastic product, has further led to the surge in demand for vinyl extrusion machines.
Increasing consumer demand for energy-efficient innovative blown film is pushing the manufacturers to re-innovate the product with new technologies.
For example, Shubham Extrusion Pvt. Ltd. offers a variety of blown film plastic extrusion equipment to the market, including 5-layer and 7-layer co-extrusion blown film plant, twin-die blown film plant, and others for numerous applications like in lamination films, courier bag films, agriculture film, liner bags, and others. These developments will lead to increased product sales in the forecast period.
A rise in need for plastic extrusion machine from the building and construction industry is also expected to drive the growth of the market. Furthermore, rising demand for extruder machine from the transportation industry, is propelling the growth of the market.
Besides, technological advancement such as artificial intelligence-based vinyl extrusion equipment and software supported plastic extrusion machines, is expected to provide lucrative prospects for the market. The market is witnessing growth due to increasing movement toward automated plastic processing and packaging to accelerate productivity and efficiency.
Extruded vinyl is also used in end-use sectors such as building and construction, automotive, packaging, and industrial because they produce plastic materials in a various shapes and sizes.
Customers are demanding food and other items that may not be available in their countries due to a rise in disposable income and a modern lifestyle. These commodities are imported from other countries. As a result, the packaging industry has increased its demand for extruded vinyl to ensure safety and proper storage during transportation and logistics. This in turn is expected to drive the growth of the extruded vinyl equipment during the forecast period.
Based on region, the Asia-Pacific vinyl extrusion machine market size is projected to grow at the highest CAGR of 6.4% during the forecast period. The market in this region is expected to accumulate 41% market share by end of the forecast period. This is due to the increasing popularity of consumer electronic products that use extruded vinyl as a primary insulating material.
Furthermore, countries like Australia and India are witnessing rapid growth in the automotive sector, where extruded vinyl are widely used in sealing systems to enhance vehicle aerodynamics. This increasing use of extruded vinyl will propel the demand for extrusion machines that will lead to market expansion.
Similarly, Europe region is expected to witness significant growth at a CAGR of 6% during the forecast period. The region's growth is attributed to the flourishing automotive industry in the region. European countries such as Germany and United Kingdom are anticipated to gain traction during the forecast period.
Strict emission laws are fuelling up demand for plastic interior materials in all kinds of vehicles around the world. Luxury is a way of life in Europe along with improving living standards and disposable budgets, which has boosted the use of plastic products in all end-use industries, like automotive and footwear. This is anticipated to boost the sales of vinyl extrusion equipment in the region.
Data Points
Key Statistics
Expected Market Value in 2023
US$ 7.57 billion
Projected Market Value in 2033
US$ 14.5 billion
Growth Rate (2023 to 2033)
6.7 % CAGR
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How Competitive is the Market?
Recent developments and breakthroughs in technology, mergers, acquisitions, tie-ups, and partnerships within the companies involved in manufacturing vinyl extrusion equipment are expected to create lucrative opportunities for market growth during the forecast period.
In February 2020, Yizumi collaborated with Exipnos, to develop a patented Direct Compounding Injection Moulding system. This system was showcased at K19 making a multi impression bio-degradable cup on a standard Yizumi UN160A5 molding machine integrated with their compound delivery system (CDS).
In January 2020, Grupa Azoty SA announced that a subsidiary operating within its Plastics Business Segment launched a new manufacturing/compounding plant for modified plastics with a production capacity of around 50,000 tons per year. With modifying the polyamide produced in Tarnów and other materials at the plant, specialized modified materials will be produced for use in the automotive, machinery, construction, electronics and household goods industries, among many others.
Vinyl extrusion is an automated process of shaping and manufacturing a large volume of polymer such as Vinyl using heavy machinery and equipments like ram and die to create cross- sectional contours. Vinyl extrusion equipments are not only used to mould the polymer but also add strength to it. The products that are extruded are generally called "extrudates". The extrusion machine works on the application of two conditions pressure.
Additionally, the mixing action of the plastic compound through the shearing action is facilitated by the extruder screw. Vinyl could be used in siding and window frames, roofing and landfill liners, and hence there is a constant demand for it, which is expected to drive the demand for vinyl extrusion equipment market.
In addition to this, vinyl is extremely flexible and could be easily molded into various shapes and structures. Also, the focus on usage of highly sustainable and energy efficient machinery is expected to effect the vinyl extrusion equipment market.
Vinyl Extrusion Equipment Market- Dynamics
The process of vinyl extrusion begins by heating of vinyl and then loading it in the press container. Dummy moulds then shapes the vinyl and ram forces vinyl out of the die. Later it is heat-treated or cold-pressed to finer its properties. Due to high demand for vinyl from medical sector producing vinyl gloves, caps and valves, the market demand for vinyl extrusion equipments is set to increase in the forecast period.
Vinyl extrusion equipments are embossing machines, water dip cooling systems and rolls, calibrators, water tank, air knife system, puller, cut-off press and dies, rotary scrap cutter, soffit venting machines and more. New sales segment in vinyl extrusion equipment market is expected to dominate the market in the given time frame.
Since, vinyl extrusion machines use massive energy, they’re being continuously innovated as for sustainable development and the equipments used are being supplanted with either better metals or better capacity.
Hence, vinyl extrusion equipment manufacturers are continuously updating the tools for the vinyl extrusion machine to yield efficient results. For example, The Japan Steel Works proposals for TEX series of twin-screw extruders, which ensures both high degassing and high kneading performance for direct vinyl film/sheet processing is extremely a very innovative step in the vinyl extrusion equipment market.
Moreover the drivers of vinyl extrusion equipment market could be cost of metals used for making extrusion equipments and the vinyl market. Also medical, automotive and construction industry is said to fuel growth of vinyl extrusion equipment market.
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Vinyl Extrusion Equipment Market- Regional Outlook
European countries were easy markets for vinyl extrusion equipments at first but gradually they showed a slower growth due to restrictions on vinyl across Netherland and other parts of Belgium. American region is expected to show a greater growth due to higher disposable income of citizens in the countries. High usage of vinyl in construction and medical industry is expected to propel its growth in MEA and Asian region. India, China and Japan being developing countries are expected to take huge orders for vinyl extrusion equipments in the future.
Vinyl Extrusion Equipment Market- Key Players
The key players in vinyl extrusion equipment market are
Bausano & Figli SpA
Costruzioni Meccaniche Luigi Bandera SpA
Kabra ExtrusionTechnik Ltd.
KraussMaffei Group
Milacron Holdings Corp.
Reifenhäuser GmbH & Co. KG Maschinenfabrik
The Japan Steel Works
Toshiba Machine Co. Ltd.
UNION Officine Meccaniche SpA
K-Ter Imagineering
Windsor Machines Limited
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on vinyl extrusion equipment market segments and geographies.
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