The market for feed screw barrels entails the production and distribution of components utilised primarily in plastic moulding machines and extruders. Typically helical-shaped feed screws press and melt the plastic, while barrels encase and direct the screws. These components play a crucial role in assuring uniform plastic melting and efficient plastic moulding or extrusion. From 2024 to 2032, the market for feed screw barrels is projected to expand at a CAGR of 3.7%, propelled by various factors ranging from global plastic demand to technological advancements, revealing a dynamic landscape replete with opportunities and obstacles.
In the previous decade, there was an unprecedented increase in demand for plastic products. Plastics' versatility has led to their widespread adoption in industries ranging from packaging to auto parts. In 2023, the global plastic production reached an all-time high, with Asia-Pacific nations, particularly China and India, leading the way. This surging production directly influenced the demand for efficient moulding and extrusion machinery, thereby propelling the feed screw barrel market. Notably, the automotive industry's transition towards lightweight components for improved fuel efficiency led to a rise in the use of plastic components, which bolstered the demand for high-quality feed screws and barrels.
The plastic moulding and extrusion industry is continuously evolving, with companies eager to incorporate cutting-edge technology to improve product quality and efficiency. Innovations in the design of feed screws, such as barrier screws and mixing screws, improve melting and blending capacities. The incorporation of AI and IoT into moulding machines for real-time monitoring and predictive maintenance paves the way for the development of innovative input screw barrel systems. A German plastic machinery manufacturer, for instance, introduced a smart feed screw system in 2023, allowing operators to modify parameters in real-time for optimal performance.
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Environmental concerns associated with plastic pollution have led to stringent regulations on plastic production and usage, despite the continued high demand for plastics. Multiple nations enacted bans on single-use plastics in 2023, compelling industries to pursue sustainable alternatives. Long-term, this transition could diminish demand for plastic moulding and extrusion machinery, thereby indirectly affecting the market for feed screw barrels.
The operation of feed screws and cylinders under high temperatures and pressures causes deterioration over time. Particularly when working with abrasive or corrosive substances, degradation can be accelerated. The difficulty resides in developing durable components that can withstand these harsh operating conditions. In 2023, a U.S. research institute conducted a study that highlighted the frequent need for replacements and emphasised the industry's demand for long-lasting solutions.
In terms of revenue, Screw & Barrel combination products dominated in 2023. The bundled set, which satisfies both melting and guiding requirements, provides industries with a comprehensive solution, making it the preferable option. Nevertheless, based on the CAGR from 2024 to 2032, Screws are expected to experience the maximum growth rate due to their unique wear patterns necessitating replacements. Lengthwise, components up to 5,000 millimetres have traditionally been in greater demand due to their compatibility with a variety of machinery. In the future years, products with a length of more than 5000 mm are anticipated to experience significant growth due to the enlargement of machinery.
In 2023, bimetallic feed screws and containers generated the lion's share of revenue. Their enhanced wear resistance, particularly when processing abrasive materials, made them an industry favourite. However, the forecast from 2024 to 2032 indicates that the demand for Alloy Steel components, known for their durability and thermal resistance, may increase. Other materials, such as Nitride and Carbon Steel, continue to be in high demand due to specific industrial needs.
APAC, led by China, India, and South Korea, has historically dominated the market for feed screw barrels. This dominance is a result of the region's extensive plastic production and manufacturing. Asia-Pacific was the leading revenue generator in 2023 due to its robust industrial growth and dominating plastic production. However, regions such as Europe, which places a premium on high-quality plastic products and sophisticated machinery, are expected to experience impressive growth rates between 2024 and 2032.
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. Mergers and joint ventures became prevalent, with the goals of sharing technical expertise and expanding global footprints. Companies are anticipated to invest in developing eco-friendly and efficient feed screw barrel solutions from 2024 to 2032, as the industry shifts towards sustainability.
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