What is Global Extrusion Gear Pumps Market?
The Global Extrusion Gear Pumps Market is a vast and dynamic sector that plays a crucial role in various industries. These pumps are primarily used in the extrusion process for a variety of materials, including plastics, rubber, and food products. The gear pump's primary function is to transport high-viscosity materials through a pressurized system, ensuring a steady and controlled flow. This market is globally recognized for its efficiency and reliability in handling complex extrusion processes. The gear pumps are designed to withstand high pressures and temperatures, making them ideal for heavy-duty applications in various industries. However, the market's growth is not only limited to its functional benefits. The increasing demand for efficient and high-quality extrusion processes in various industries is also a significant factor contributing to the market's expansion.
0-50(cc/rev), 50-200(cc/rev), 200-500(cc/rev), Others in the Global Extrusion Gear Pumps Market:
The Global Extrusion Gear Pumps Market is segmented based on the pump's capacity, which includes 0-50(cc/rev), 50-200(cc/rev), 200-500(cc/rev), and others. The 0-50(cc/rev) segment is primarily used for small-scale applications where the material's flow rate is relatively low. On the other hand, the 50-200(cc/rev) and 200-500(cc/rev) segments are designed for medium to large-scale applications where the flow rate is significantly higher. These pumps are capable of handling a wide range of viscosities, making them suitable for various applications. The 'others' segment includes pumps with a capacity of more than 500(cc/rev), which are used for large-scale industrial applications. Each segment has its unique features and applications, contributing to the market's diversity and growth.
Chemical Industry, Food & Beverage Industry, Textile Industry, Others in the Global Extrusion Gear Pumps Market:
The Global Extrusion Gear Pumps Market finds extensive usage in various industries such as the Chemical Industry, Food & Beverage Industry, Textile Industry, among others. In the Chemical Industry, these pumps are used for transporting various chemicals, including corrosive and abrasive substances. They are known for their ability to maintain a consistent flow rate, regardless of the fluid's viscosity or pressure changes, making them ideal for this industry. In the Food & Beverage Industry, these pumps are used for handling various food products, including sauces, pastes, and dough. They ensure a smooth and consistent product flow, maintaining the product's quality and texture. In the Textile Industry, these pumps are used in the extrusion process of synthetic fibers. They ensure a steady flow of the molten polymer, contributing to the production of high-quality fibers.
Global Extrusion Gear Pumps Market Outlook:
The Global Extrusion Gear Pumps Market has shown significant growth in recent years. In 2022, the market was valued at US$ 484.5 million. The market's value is expected to increase to US$ 751.8 million by 2029. This indicates a Compound Annual Growth Rate (CAGR) of 6.4% during the forecast period from 2023 to 2029. This growth can be attributed to the increasing demand for these pumps in various industries due to their efficiency and reliability. The market's expansion is also influenced by technological advancements leading to the development of more efficient and durable gear pumps. These factors are expected to continue driving the market's growth in the coming years.
| Report Metric | Details |
| Report Name | Extrusion Gear Pumps Market |
| Accounted market size in 2022 | US$ 484.5 million |
| Forecasted market size in 2029 | US$ 751.8 million |
| CAGR | 6.4% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Dover (PSG), Oerlikon, Nordson, WITTE, Coperion, Kawasaki Heavy Industries, Zenith Pumps, Kobelco, GMA, Pnh Extrusion Gear Pumps, PSI, Batte, Haike Extrusion Gear Pumps, Jctimes, Anji Chemical, Deao Machinery, Lantai Machinery |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
