Screw Press Market Report Overview
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The global screw press Market size was USD 196 million in 2021 and is expected to reach USD 271.94 million in 2031, exhibiting a CAGR of 3.3% during the forecast period.
A machine press called a screw press uses a screw to raise and lower the ram. Wheels or handles can both be used to turn the screw shaft. It functions by using a rough screw to transform the rotation of the handle or driving wheel into a little downward movement with more force. Balls are typically used as flyweights in the overhead handle. The weights aid in maintaining the tool's push and momentum, making it simpler to use. A screw drives the ram up and down in a screw press, a type of machine press. A handle or a wheel can be used to turn the screw shaft.
It functions by using a coarse screw to transform the handle's or driving wheel's rotation into a little downward movement with more force. Typically, balls are used as flyweights in the overhead handle. The weights make the tool easier to use by maintaining the instrument's power and velocity. Fruits are compressed using a single screw press to extract the juice or oil from them. This machinery is frequently used to extract oil from nuts and seeds. The expeller consists of a cage-enclosed screw that revolves. Fruits or oil seeds that need to be compressed are placed between the screw and barrel and moved in a direction parallel to the axis by the rotating screw.
COVID-19 Impact: Halt on Manufacturing Operations to Slower Market Growth
The global COVID-19 pandemic has been unprecedented and staggering, with screw press experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
The Covid-19 pandemic affected practically every industry worldwide. The World Health Organization (WHO) guidelines and regulatory regulations have temporarily halted the operation of the manufacturing facilities. Additionally, the protracted shutdown disrupted the supply chain and raised the price of raw materials across several nations. The world was impacted by these factors which lead to the decline of screw press market growth.
LATEST TRENDS
"Expansion of Industrialization to Promote Industry Progress"
Single screw presses are employed in several industries, including paper pulp, sewage treatment, food processing, and chemicals. It is estimated that the growth of these industries would increase demand for single screw presses throughout the forecasted period. Due to population increase, which is particularly prominent in emerging economies, and rising disposable income, the food processing industry is expanding, which is a major driver of the single screw press market.
Screw Press Market Segmentation
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By Type Analysis
As per the type, the market is classified as follows: Single Screw Press and Twin Screw Press. With more than 60% of the global market, industrial waste treatment was the largest application sector in 2014.
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By Application Analysis
The market is segmented based on applications: Industrial Waste Treatment, Paper Mills, Municipal Sludge Treatment, Water Treatment, and Others. The industrial waste treatment segment dominates the screw press market share.
DRIVING FACTORS
"Application in Various Sectors to Facilitate Market Development"
Several sectors, including paper pulp, sewage treatment, food processing, and chemicals, use single screw presses. During the projected period, it is anticipated that the expansion of these industries will drive up demand for single screw presses. The single screw press market is primarily driven by an expanding food processing industry due to population growth that is particularly pronounced in emerging economies and rising disposable income. it is predicted that the screw press business will continue to show great progress.
"Growing Need for Waste Water Treatment to Boost Market Growth"
One of the main factors fueling the screw press market's expansion is the rapid industrialization taking place all over the world. Industries including chemical, petrochemical, metal, mining, automotive, and oil and gas have used the product widely because the screw press separates toxic solids and liquid with higher efficiency. They are also capable of operating in adverse weather, requiring less maintenance and lowering overall operating costs. Another significant growth-inducing technological advancement is the creation of energy-efficient and environmentally friendly product versions.
RESTRAINING FACTORS
"Economic Uncertainty to Hinder Market Growth"
The minimal hydraulic load capacity of a screw press necessitates the requirement, fairly frequently, for numerous machines, each requiring 17 feet of auger removal length, while also using a significant amount of floor space. Screw press consumption is influenced by the global economy and downstream sectors. The growth rate of the screw press industry may not continue to be as rapid in the next years due to the ongoing economic uncertainty. Additionally, they have fewer scientific studies. Since screw press production technology is less advanced than that of some high-tech equipment, the screw press market is not highly concentrated globally. The aforementioned factors restrict the screw press market growth.
Screw Press Market Regional Insights
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"Rise in Demand for Screw Press to Propel Market Progress in North America"
The market for more sophisticated screw presses is anticipated to be driven by the rising demand for screw presses in North America in the upcoming years. The expansion of global markets will be fueled by rising environmental field expenditures, more severe rivalry, product launches, rising general industry spending, and retrofitting and renovating of outdated technology. The boom in urbanization and industrialization is to blame for the rising demand for single screw presses in North America’s chemical and food processing industries. This is anticipated to have a significant impact on the local market.
KEY MARKET PLAYERS
"Market Players Focus on New Product Launches to Strengthen Market Position"
Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and the launch of new, technologically-advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.
List of Market Players Profiled
- FKC (U.S.)
- ANDRITZ (Austria)
- Ishigaki Company (Japan)
- Haarslev (U.S.)
- Voith (Germany)
- Mitsubishi Kakoki Kaisha (Japan)
- Huber (U.S.)
- KUHN GmbH (Germany)
- Yemmak (Germany)
- BDP Industries (U.S.)
- SÜLZLE KLEIN GmbH (Germany)
- Bepex (U.S.)
- Schwing Bioset (U.S.)
- Shanghai Techase (China)
- Stord Works (U.S.)
- Jiangsu Zhaosheng (U.S.)
REPORT COVERAGE
The report covers overall market aspects, including the market segmentation based on its type and application. The report depicts a diverse group of participants that includes the market and the potential market leaders. Major factors that are expected to drive major growth in the market. The factors anticipated to expand the market share are also included in the report to offer market insights. The estimated growth of the market in the forecast period is also included in the report. The regional analysis is completed to explain the region's dominance in the global market. The factors hindering the growth of the market are discussed in detail. The SWOT analysis of the market is depicted in the report. It contains all-inclusive market details.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 196 Million in 2021 |
Market Size Value By |
US$ 271.94 Million by 2031 |
Growth Rate |
CAGR of 3.3% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types & Application |
Frequently Asked Questions
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What value is the screw press market expected to touch by 2031?
Based on our research, the screw press market is projected to touch USD 271.94 million by 2031.
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What CAGR is the plastic casters screw press market expected to exhibit by 2031?
The plastic casters screw press market is expected to exhibit a CAGR of 3.3% by 2031.
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Which are the driving factors of the plastic casters screw press market?
Application in various sectors and the growing need for wastewater treatment are the driving factors of the plastic casters screw press market.
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Which are the top companies operating in the plastic casters screw press market?
FKC, ANDRITZ, Ishigaki Company, Haarslev, Voith, Mitsubishi Kakoki Kaisha, Huber, KUHN GmbH, Yemmak, BDP Industries, SÜLZLE KLEIN GmbH, Bepex, Schwing Bioset, Shanghai Techase, Stord Works, and Jiangsu Zhaosheng are the top companies operating in the plastic casters screw press market.