The Global Extruded Plastics Market is expected to reach USD 328.70 billion by 2028, growing at a CAGR of 3.6% during the forecast period. The growing demand for extrudates from the construction industry is expected to propel the extruded plastics market during the forecast period.
Extruded Plastics Market
Extruded plastics are plastics of various shapes and sizes obtained through the process of extrusion in which they are forcibly squeezed through an instrument that imparts shape and shape to them. Extrusion is a method of high volume manufacturing. With heat application, the plastic material is melted and extruded into the desired shape by die. Inside the barrel, there is a cylindrical rotating grinder that pushes molten plastic material through a die. Depending on the cross-section of the die, the extruded material takes shape.
Owing to its increased demand for flexible food products as a food-grade material, the low-density polyethylene segment dominated the extruded packaging market in 2018 based on type. Based on the end-user industry, the packaging segment dominated the extruded plastics industry in 2018, owing to increased demand for packaging from food & beverage and consumer goods, especially during logistics for storing and protecting products. Cost efficiency is driving demand for extruded plastics with complex products and outstanding mechanical properties.
Extruded Plastics Market
Asia-Pacific emerged in 2018 as the fastest-growing region in the backdrop of high demand for extruded plastics from significant end-use sectors such as automobiles, building & construction, packaging, consumer goods. Rapid industrialization and urbanization combined with economic growth in this region have led to the growth of these end-use sectors, which are expected to spur the demand for extruded plastics in the coming years. India, Japan, South Korea, and Thailand are the main contributors to global extruded plastics market growth. Heavy manufacturing and sales of lightweight and fuel-efficient vehicles are a significant driver of the extruded plastics market in European nations such as Germany, the UK, France, and Russia. Furthermore, the presence of a massive medical base in the region is driving the growth of the market. Owing to industrialization in emerging countries such as Brazil and Chile, the RoW region market is anticipated to see significant growth. This has led to a rise in the number of construction activities that are supposed to fuel the region's product requirement over the forecast period. The infrastructure hub in the UAE and Saudi Arabia is expected to stimulate the Middle East demand for the extruded plastics market.
Key Factors Impacting Growth of Extruded Plastics Market:
- Rising demand from the automotive and packaging industries
- Volatility in raw material prices
- Heavy demand for custom molded plastics from the construction industry
- Introduction of biodegradable extruded plastics
Key Developments:
- In December 2017, SABIC started a new polypropylene extrusion facility in Geleen (Netherlands), to increase the production of its polypropylene products and next-generation polypropylene copolymers, to meet the demand for new lightweight applications in end-use industries such as packaging, appliances, automotive, and healthcare.
- In 2017, DuPont Teijin Films (DTF), a joint venture between DuPont and Teijin Ltd, has agreed to sell all of its equity interest in the film business joint ventures in the US, Europe, and China to Thailand's Bangkok-based Indorama Ventures.
What Does This Report Provide?
This report provides a detailed understanding of the global extruded plastics market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with a potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the extruded plastics market.
Market Segmentation:
By Type:
- LDPE
- HDPE
- Polypropylene
- Polystyrene
- PVC
- Others
By End-Use Industry:
- Packaging
- Building & Construction
- Automotive
- Consumer Goods
- Electrical & Electronics
- Others
By Region:
- North America
- By Country (US, Canada, Mexico)
- By Type
- By End-User Industry
- Western Europe
- By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
- By Type
- By End-User Industry
- Eastern Europe
- By Country (Russia, Turkey, Rest of Eastern Europe)
- By Type
- By End-User Industry
- Asia Pacific
- By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
- By Type
- By End-User Industry
- Middle East
- By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
- By Type
- By End-User Industry
- Rest of the World
- By Region (South America, Africa)
- By Type
- By End-User Industry
Companies Covered:
Companies Covered: Major Companies profiled in the report which are key players in the global extruded plastics market. The DOW Chemical Company, Sigma Plastics Group, ExxonMobil Chemical Company, Bemis Company Inc., SABIC, Chevron Phillips Chemical Company LLC, JM Eagle, Berry Plastics Corporation, Saint-Gobain S.A., E.I. Dupont De Nemours and Company, and Sealed Air Corporation...
Years Considered In The Study
|
Historic Year |
2016, 2017 |
|
Base Year |
2018 |
|
Forecast Period |
2019-2028 |
|
CAGR % (2019-2028) |
3.6% |
Reasons To Buy This Report:
- Market size estimation of the global extruded plastics market on a regional and global basis.
- The unique research design for market size estimation and forecast.
- Profiling of major companies operating in the extruded plastics market with key developments.
- Broad scope to cover all the possible segments helping every stakeholder in the extruded plastics market.
Customization:
We provide customization of the study to meet specific requirements:
- By Segment
- By Sub-segment
- By Region/Country
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