PUBLISHER: Acute Market Reports | PRODUCT CODE: 1615287
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1615287
The feed screw barrel market encompasses the manufacturing and sale of components used predominantly in plastic molding machines and extruders. Feed screws, typically helical in shape, push and melt the plastic, while barrels encase and guide the screws. These components play a pivotal role in ensuring the uniform melting and efficient molding or extrusion of plastic. Feed screw barrel market is estimated to grow at a CAGR of 3.7% from 2024 to 2032, driven influenced by various factors ranging from global plastic demand to technological advancements, showcases a dynamic landscape ripe with opportunities and challenges. Driver: Rising Demand for Plastic Products Worldwide The last decade witnessed an unprecedented surge in the demand for plastic products. From packaging to automotive components, plastics' versatility has driven industries to adopt them extensively. In 2023, the global plastic production hit a record high, with countries in the Asia-Pacific region, especially China and India, leading the charts. This soaring production directly influenced the demand for efficient molding and extrusion machinery, thereby propelling the feed screw barrel market. Notably, the automotive sector's shift towards lightweight components for better fuel efficiency saw an increased adoption of plastic parts, further cementing the demand for high-quality feed screws and barrels. Opportunity: Technological Advancements in Plastic Molding and Extrusion The plastic molding and extrusion industry is continuously evolving, with firms keen on adopting the latest technology to improve efficiency and product quality. Innovations in feed screw design, like barrier screws and mixing screws, offer enhanced melting and mixing capabilities. The integration of AI and IoT in molding machines for real-time monitoring and predictive maintenance opens new avenues for advanced feed screw barrel systems. For instance, in 2023, a German-based plastic machinery manufacturer introduced a smart feed screw system, enabling operators to adjust parameters in real-time for optimal performance. Restraint: Environmental Concerns Surrounding Plastic Production While the demand for plastics remains high, environmental concerns associated with plastic waste have led to stringent regulations on plastic production and usage. In 2023, multiple countries implemented bans on single-use plastics, pushing industries to seek sustainable alternatives. This transition, in the long run, might dampen the demand for plastic molding and extrusion machinery, indirectly affecting the feed screw barrel market. Challenge: Wear and Tear of Components Feed screws and barrels operate under high temperatures and pressures, leading to wear and tear over time. Especially when processing abrasive or corrosive materials, the wear can be accelerated. The challenge lies in developing components that offer extended life and can withstand these harsh operating conditions. In 2023, a study conducted by a U.S. research institute highlighted the frequent need for replacements, emphasizing the industry's demand for durable solutions. Product Insights In 2023, the Screw & Barrel combination products dominated in terms of revenue. The combined set, catering to both melting and guiding needs, offers industries a comprehensive solution, making it a preferred choice. However, considering the CAGR from 2024 to 2032, Screws are projected to see the highest growth rate, attributed to their specific wear patterns necessitating replacements. In terms of length, components Up to 5000 mm have traditionally seen higher demand due to their suitability for a wide range of machines. However, with machinery scaling up, products with a length of More than 5000 mm are expected to see significant growth in the coming years. Material Insights Bimetallic feed screws and barrels held the lion's share of the revenue in 2023. Their enhanced wear resistance, especially when processing abrasive materials, made them an industry favorite. However, the forecast from 2024 to 2032 suggests Alloy Steel components, known for their durability and heat resistance, might witness a surge in demand. Other materials like Nitride and Carbon Steel continue to find consistent demand based on specific industrial requirements.
Regional Insight APAC, with countries like China, India, and South Korea leading, has historically dominated the feed screw barrel market. This dominance is attributed to the region's significant plastic production and manufacturing activities. Asia-Pacific, with its robust industrial growth and dominant plastic production, was the top revenue generator in 2023. However, regions like Europe, with its emphasis on high-quality plastic products and advanced machinery, are anticipated to witness impressive growth rates between 2024 and 2032. Competitive Landscape Leading companies in 2023, such as Nordson Corporation, Concor Tool and Machine, Inc., Lung Chang Machinery Enterprise Co., Ltd., Milacron, Continental Feed Screw, BOCO PARDUBICE machines, s.r.o., Raj Engineering Works, Shanghai Omega Co., Xaloy, Canadian Feed Screws Mfg. Ltd., Windsor Feedscrews, Inc., and American Screw & Barrel, Inc., focused on R&D initiatives to enhance product longevity and efficiency. Collaborative ventures and mergers became prominent, aiming at sharing technical expertise and expanding global footprints. With the industry gearing towards sustainability, companies are expected to invest in developing eco-friendly and efficient feed screw barrel solutions from 2024 to 2032.
Historical & Forecast Period
This study report represents an analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends & technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. The key data points that enable the estimation of Feed Screw Barrel market are as follows:
Research and development budgets of manufacturers and government spending
Revenues of key companies in the market segment
Number of end users & consumption volume, price, and value.
Geographical revenues generated by countries considered in the report
Micro and macro environment factors that are currently influencing the Feed Screw Barrel market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top-down and bottom-up approach for validation of market estimation assures logical, methodical, and mathematical consistency of the quantitative data.
Market Segmentation
Product
Length
Material
Application
Industry
Distribution Channel
Region Segment (2022-2032; US$ Million)
North America
U.S.
Canada
Rest of North America
UK and European Union
UK
Germany
Spain
Italy
France
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
GCC
Africa
Rest of Middle East and Africa
Key questions answered in this report
What are the key micro and macro environmental factors that are impacting the growth of Feed Screw Barrel market?
What are the key investment pockets concerning product segments and geographies currently and during the forecast period?
Estimated forecast and market projections up to 2032.
Which segment accounts for the fastest CAGR during the forecast period?
Which market segment holds a larger market share and why?
Are low and middle-income economies investing in the Feed Screw Barrel market?
Which is the largest regional market for Feed Screw Barrel market?
What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
Which are the key trends driving Feed Screw Barrel market growth?
Who are the key competitors and what are their key strategies to enhance their market presence in the Feed Screw Barrel market worldwide?
TABLE 3 Global Feed Screw Barrel Market By Length, 2022-2032, USD (Million)
TABLE 10 North America Feed Screw Barrel Market By Length, 2022-2032, USD (Million)
TABLE 17 U.S. Feed Screw Barrel Market By Length, 2022-2032, USD (Million)
TABLE 24 Canada Feed Screw Barrel Market By Length, 2022-2032, USD (Million)
TABLE 31 Rest of North America Feed Screw Barrel Market By Length, 2022-2032, USD (Million)
TABLE 38 UK and European Union Feed Screw Barrel Market By Length, 2022-2032, USD (Million)
TABLE 45 UK Feed Screw Barrel Market By Length, 2022-2032, USD (Million)
TABLE 52 Germany Feed Screw Barrel Market By Length, 2022-2032, USD (Million)
TABLE 59 Spain Feed Screw Barrel Market By Length, 2022-2032, USD (Million)
TABLE 66 Italy Feed Screw Barrel Market By Length, 2022-2032, USD (Million)
TABLE 73 France Feed Screw Barrel Market By Length, 2022-2032, USD (Million)
TABLE 80 Rest of Europe Feed Screw Barrel Market By Length, 2022-2032, USD (Million)
TABLE 87 Asia Feed Screw Barrel Market By Length, 2022-2032, USD (Million)
TABLE 94 China Feed Screw Barrel Market By Length, 2022-2032, USD (Million)
TABLE 101 Japan Feed Screw Barrel Market By Length, 2022-2032, USD (Million)
TABLE 108 India Feed Screw Barrel Market By Length, 2022-2032, USD (Million)
TABLE 115 Australia Feed Screw Barrel Market By Length, 2022-2032, USD (Million)
TABLE 122 South Korea Feed Screw Barrel Market By Length, 2022-2032, USD (Million)
TABLE 129 Latin America Feed Screw Barrel Market By Length, 2022-2032, USD (Million)
TABLE 136 Brazil Feed Screw Barrel Market By Length, 2022-2032, USD (Million)
TABLE 143 Mexico Feed Screw Barrel Market By Length, 2022-2032, USD (Million)
TABLE 150 Rest of Latin America Feed Screw Barrel Market By Length, 2022-2032, USD (Million)
TABLE 157 Middle East and Africa Feed Screw Barrel Market By Length, 2022-2032, USD (Million)
TABLE 164 GCC Feed Screw Barrel Market By Length, 2022-2032, USD (Million)
TABLE 171 Africa Feed Screw Barrel Market By Length, 2022-2032, USD (Million)
TABLE 178 Rest of Middle East and Africa Feed Screw Barrel Market By Length, 2022-2032, USD (Million)
FIG. 13Market Positioning of Key Feed Screw Barrel Market Players, 2023
FIG. 14Global Feed Screw Barrel Market - Tier Analysis - Percentage of Revenues by Tier Level, 2023 Versus 2032