The publisher brings years of research experience to the 8th edition of this report. The 295-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global Twin Screw Extruders Market to Reach $1 Billion by 2027
Amid the COVID-19 crisis, the global market for Twin Screw Extruders estimated at US$935.9 Million in the year 2020, is projected to reach a revised size of US$1 Billion by 2027, growing at a CAGR of 1.6% over the period 2020-2027.
Co-Rotating, one of the segments analyzed in the report, is projected to record 1.9% CAGR and reach US$621.4 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Counter-Rotating segment is readjusted to a revised 1.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $253.5 Million, While China is Forecast to Grow at 3.3% CAGR
The Twin Screw Extruders market in the U.S. is estimated at US$253.5 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$200.4 Million by the year 2027 trailing a CAGR of 3.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.2% and 1.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 0.6% CAGR.
Competitors identified in this market include, among others: