The global demand for Extruded Plastics Market is presumed to reach the market size of nearly USD 441.85 MN by 2028 from USD 301.59 MN in 2021 with a CAGR of 5.6% under the study period 2022 - 2028.
Extruded plastics are plastics of various shapes and sizes that have been forced through a tool to give them shape during the extrusion process. Plastics are malleable and can be made in many lengths and shapes, making them ideal for extrusion. Extruded plastics are used in a range of industries because they come in various shapes, from tubes to films and sheets. They are one of the most commonly used plastics in regular consumer products. The raw plastic is melted to form a continuous profile in the extrusion process, producing extruded plastics. Pipe/tubes, plastic films, plastic railings, thermoplastic coating, and window frames are among the plastic products generated by the extrusion method. Extrusion is a high-volume production method. Extruded plastic is also utilized in cladding panels, wires, pipes, windows, insulation materials, and other applications. The expense of creating and extruding plastic is high, and it is also harmful to the environment. Extruded plastics are widely utilized in food and beverage packaging, consumer goods packaging, and medical device packaging.
Market Dynamics
Increased demand for packaged food has stemmed from a rising working population, high disposable income, and changing lifestyle trends, boosting global demand for extruded plastics. The construction industry's increased need for extrudates is projected to fuel the extruded plastics market. Extruded plastics are in high order due to their cost-effectiveness in complex-shaped goods and great mechanical qualities. Extruded plastics market is being driven by improving economies of scale, increased manufacturing and construction activity, and increased investment in R&D and plastic production from key players. The income from extruded plastics is witnessing advances that would propel the market to exceptional growth. Extruded plastics are used in various ways in the manufacturing industry, which will help the market grow in the coming years. The packaging industry's rise in application and demand are projected to drive the market. However, the market is expected to be stifled by the accompanying expenses and adverse effects of employing plastic.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of extruded plastics. The growth and trends of extruded plastics industry provide a holistic approach to this study.
Market Segmentation
This section of the extruded plastics market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Low-Density Polyethylene
- Polypropylene,
- Polyvinyl Chloride,
- High-Density Polyethylene
- Polystyrene
- Others
By End Users
- Packaging
- Building & Construction
- Automotive
- Consumer Goods
- Electrical & Electronics
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Extruded Plastics market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Extruded Plastics Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the extruded plastics market include Formosa Plastics Group, SABIC, JM Eagle, AEP Industries Inc., E. I. Du Pont De Nemours, The DOW Chemical Company, Chevron Phillips Chemical Company, LLC Sigma Plastics Group, Sealed Air Corporation, Berry Plastics Corporation, and Company and others. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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