Global Extruded Plastic Market, By Type (Low-Density Polyethylene (LDPE), Polypropylene (PP), Polyvinyl Chloride (PVC), High-Density Polyethylene (HDPE), Polystyrene (PS), Acrylonitrile Butadiene Styrene (ABS), Polycarbonate (PC), Styrene, Others), End User (Packaging, Building and Construction, Automotive, Consumer Goods, Electrical and Electronics, Energy, Medical, Power and Lighting, Others), Form (Films, Sheets, Pipes and Tubes, Wires and Cables, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights Global Extruded Plastic Market
Data Bridge Market Research analyses the extruded plastic market will exhibit a CAGR of 5.78% for the forecast period of 2022-2029 and is expected to reach the USD 363.93 billion by 2029.
Plastic items made with the use of extrusion technique are known as extruded plastic. This procedure entails melting and shaping plastic into a continuous profile in order to mould it into various shapes and sizes. This process is used to make a variety of plastic products, including pipes, tubes, bottles, containers, packaging, and other items.
The rising number of construction activities will increase the demand of extruded plastic that will influence the growth rate of the market. The increase in emerging application areas of plastics driving market expansion. Along with this, low feedstock and energy prices will increase the demand for the extruded plastic market. The extruded plastic market is also being driven by significant factors such as the upsurge in the level of disposable income and continuous changing lifestyle. Furthermore, rising demand from agriculture industry for the different forms of extruded plastics will enhance the growth rate of extruded plastic market. Also, high demand from packaging sector to ensure safety and proper storage during transportation and logistics will act as major factor accelerating the growth of extruded plastic market. The advancement in technologies and increasing urbanization will have positive impact on the growth rate of extruded plastic market.
Moreover, expansion of end-user industries and rising focus of market players for product innovation will create beneficial opportunities for the growth of the extruded plastic market. Additionally, rise in the demand from developing countries and untapped potential in emerging market will provide lucrative opportunities for market’s growth.
However, the high cost associated with extruded plastic and side effects linked with the use of plastics will hamper the extruded plastic market’s growth rate. Also, the fluctuating prices of crude oil and emergence of unfavourable conditions due to COVID-19 outbreak will further pose challenges to the growth of extruded plastic market. Strict government regulations linked with the use of plastic products and the dearth of product differentiation will act as major restrains and further impede the growth rate extruded plastic market.
This extruded plastic market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on extruded plastic market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Extruded Plastic Market Scope and Market Size
The extruded plastic market is segmented on the basis of type, end user and form. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, extruded plastic market is segmented into low-density polyethylene (LDPE), polypropylene (PP), polyvinyl chloride (PVC), high-density polyethylene (HDPE), polystyrene (PS), acrylonitrile butadiene styrene (ABS), polycarbonate (PC), styrene and others. Low-density polyethylene (LDPE) has been further segmented into films and sheets and others, with others being further segmented into bottles, tubes and bags. Polypropylene (PP) is further segmented as films and sheets and others, others consisting of wires and cables. Polyvinyl chloride (PVC) is further segmented into pipes, doors and windows, slidings and others. Pipes being further sub-segmented into solid wall pipes, structural wall pipes and barrier pipes, while others are segmented into molding, fencing and decking. High-density polyethylene (HDPE) is further segmented into films and sheets, pipes and others, pipes being further segmented as solid wall pipes, structured wall pipes and barrier pipes, whereas others consist of bottles and containers. Polystyrene (PS) is further segmented into foams, sheets, films and others.
- The end user segment for extruded plastic market is segmented into packaging, building and construction, automotive, consumer goods, electrical and electronics, energy, medical, power and lighting and others. Packaging has been further segmented into food and beverages packaging, medical packaging and others. Building and construction has been further segmented into piping systems, sidings and others. Automotive has been further segmented into interior parts and exterior parts. Consumer goods have been further segmented into bottles and containers and furniture. Electrical and electronics has been further segmented into wires and cables.
- On the basis of form, extruded plastic market is segmented into films, sheets, pipes and tubes, wires and cables and others.
Extruded Plastic Market Country Level Analysis
The extruded plastic market is segmented on the basis of type, end user and form.
The countries covered in the extruded plastic market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominate the extruded plastic market during the forecast period of 2022-2029 due to the rising consumption of consumption rate for plastics from various developing countries of this region. Additionally, growing number of manufacturing and construction activities and rising level of investment for the development of advanced technologies will further propel the market’s growth rate in this region.
The country section of the extruded plastic market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Extruded Plastic Market Share Analysis
The extruded plastic market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to extruded plastic market.
Some of the major players operating in the extruded plastic market are Formosa Plastics Corporation, SABIC, JM EAGLE, INC., Sealed Air, Berry Global Inc., DuPont, Atlantis Plastic Company, Chevron Phillips Chemical Company LLC, GSH Industries Plastics Manufacturing and Molding, Exxon Mobil Corporation, Engineered Profiles LLC, Arkema, Saint-Gobain Performance Plastics, Preferred Plastics, Inc., SFR Industries, ACE, Absolute Custom Extrusions, Inc., Britech Industries, Petro Extrusion Technologies, Inc., Dow, and Amcor plc, among others.
Recent Development
In October 2021, Tekni-Plex Healthcare had announced the acquisition of Johnson Plastic Group (JPG), a precision extrusion manufacturers. Johnson Plastic Group focuses on precision extrusions for medical device applications. The processor offers extrusion solutions for therapeutic and interventional operations in a variety of medical device applications.
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