Overview and Scope
Extruded plastics refer to a high-volume manufacturing technique in which a polymer material is melted and molded in a continuous process while being supplemented with the appropriate additives to manufacture products such as bags, plastic films, tubing, piping, rods, weather stripping, and deck railing.
Sizing and Forecast
The extruded plastics market size has grown strongly in recent years. It will grow from <b>$232.87 billion in 2023 to $246.52 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. </b> The growth in the historic period can be attributed to industrialization and manufacturing growth, lightweighting in automotive, construction and infrastructure development, sustainable practices, consumer goods and packaging.
The extruded plastics market size is expected to see strong growth in the next few years. It will grow to <b>$315.92 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. </b> The growth in the forecast period can be attributed to eco-friendly extruded plastics, electric and autonomous vehicles, infrastructure modernization, medical device manufacturing, advanced extrusion processes. Major trends in the forecast period include high-performance extruded plastics, 3d printing with extruded plastics, smart extruded products, co-extrusion technology, foam extrusion.
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Segmentation & Regional Insights
The extruded plastics market covered in this report is segmented –
1) By Type: Low Density Polyethylene, High Density Polyethylene, Polypropylene, Polystyrene, Polyvinyl Chloride, Other Types
2) By Form: Films, Pipes, Sheets, Tubes, Wires and Cables
3) By End-User: Packaging, Building and Construction, Automotive, Consumer Goods, Electrical and Electronics, Other End Users
<b>Asia-Pacific</b> was the largest region in the extruded plastics market in 2023. <b>Asia-Pacific</b> is expected to be the fastest-growing region in the extruded plastics market during the forecast period. The regions covered in the extruded plastics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The rise of the packaging industry is significantly contributing to the growth of the extruded plastics market going forward. Packaging refers to enclosing or protecting products for distribution, storage, sale, and use. Extruded plastics are helpful in creating highly durable and effective packaging solutions. As a result, the rise of the packaging industry increases the demand for the extruded plastics market. For instance, in 2021, according to the India Brand Equity Foundation, an Indian government export promotion agency, packaging demand and consumption in India increased by 200%, which increased from 4.3 kgs per person per annum (PPPA) to 8.6 kgs PPPA. Therefore, the rise of the packaging industry is driving the growth of the extruded plastics market.
Key Industry Players
Major companies operating in the extruded plastics market include <b> Apogee Enterprises Inc., Olsen Doors and Windows Limited, Fletcher Building Limited, YKK AP Inc., Bradnam's Windows & Doors, Fenesta Building Systems, PGT Innovations Inc., Geeta Aluminium Co. Pvt. Ltd., Ply Gem Holdings Inc., Andersen Corporation, Sapa Group, Alupure, Alteza Healthcare Private Limited, Reynaers Aluminium, Schuco International Group, Bemis Company Inc., LyondellBasell Industries N.V., Trex Company Inc., Teijin Limited, Borealis AG, Westlake Corporation, NOVA Chemicals Corporation, Mitsubishi Chemical Group Corporation, Plastipak Holdings Inc., Sigma Plastics Group of FL, Bunzl Extrusions Inc., Avient Corporation, The Ensinger Group, REHAU Polymers Pvt Ltd, Primex Plastics Private Limited </b>
The extruded plastics market report table of contents includes:
1. Executive Summary
2.Extruded Plastics Market Characteristics
3.Extruded Plastics Market Trends And Strategies
4. Extruded Plastics Market analysis
5.Extruded Plastics Market Size And Growth
6.Extruded Plastics Segmentation
7.Extruded Plastics Regional And Country Analysis
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27.Extruded Plastics Competitive Landscape And Company Profiles
28.Extruded Plastics Key Mergers And Acquisitions
29.Extruded Plastics Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Apogee Enterprises Inc.
- Olsen Doors and Windows Limited
- Fletcher Building Limited
- YKK AP Inc.
- Bradnam's Windows & Doors
- Fenesta Building Systems
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