Global market for extruders and compounding machines to witness a 1.6x increase in sales revenue from 2017 to 2027
According to the analysis done in this research study, the global extruders and compounding machines market is expected to exhibit moderate growth rate throughout the period of assessment, 2017-2027. The extruders and compounding machines market has been experiencing an upward trend with respect to growth since 2012, however during the 2012-2017 period, this market did not witness a higher increase in revenue.
The 2017-2027 timeline is more positive for the global market for extruders and compounding machines as per market observations and is anticipated to witness a 1.6x growth in revenue during this timeline. The global extruders and compounding machines market is estimated to reach a valuation of more than US$ 18 Bn by the end of 2027 from a value of about US$ 11.5 Bn in 2017.
Also, the global market is expected to reflect this estimation owing to a moderate value CAGR of 4.7% during the period of forecast. The sales of the extruder and compounding machines are industry driven. Their sales are influenced by the increasing demand from various end use industries such as food, chemicals, plastics and medical or pharmaceutical industries.
Extruders and Compounding Machines Market: Global Industry Analysis (2012 - 2016) and Opportunity Assessment (2017 - 2027)Buy Now
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