Extruded Plastics Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Extruded plastics are plastics of different sizes and shapes that have undergone the extrusion process, through which they are forcibly pushed through a tool that gives them a shape and form. Extrusion is a high-volume production technique. Heat is used to melt the plastic material, which is then extruded through a die into the desired form. Within the barrel, a cylindrical spinning screw pushes molten plastic material through a die. The shape of the extruded material is determined by the cross-section of the die.

MARKET DYNAMICS

The increasing demand for extruded plastics products in the packaging industry is driving global market growth. Extruded plastics are extensively used in the packaging of food and drinks, household goods, and medical devices. They are used in packaging as covers, clamshells, cans, and bottles. The growing working population, high disposable income, and evolving lifestyle trends have resulted in increased demand for packaged food, boosting global demand for extruded plastics. Moreover, one of the major drivers of the global extruded plastics market is their use in building, specifically for cladding panels, wires, pipes, windows, and insulation materials. This is due to the lightweight, solid, and long-lasting nature of plastic products. Further, increasing investment in infrastructure growth across developed and developing regions is expected to increase the number of construction activities globally, driving demand for extruded plastics in the coming years.

MARKET SCOPE

The “Global Extruded Plastics Market Analysis to 2031 ” is a specialized and in-depth study of the chemical and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the extruded plastics market with detailed market segmentation by type, form, application and geography. The global extruded plastics market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading extruded plastics market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global extruded plastics market is segmented on the basis of type, form, and application. On the basis of type, the global extruded plastics market is segmented into LDPE, HDPE, polypropylene, polystyrene, and PVC. Based on form, the global extruded plastics market is segmented into films, pipes, sheets, tubes, and wires and cables. Based on application, the global extruded plastics market is segmented into packaging, building & construction, energy, automotive, electrical and electronics, medical, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global extruded plastics market based on various segments. It also provides market size and forecast estimates from the year 2021  to 2031  with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The extruded plastics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the extruded plastics market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the extruded plastics market in these regions.

MARKET PLAYERS

The reports cover key developments in the extruded plastics    market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from extruded plastics    market are anticipated to lucrative growth opportunities in the future with the rising demand for extruded plastics    in the global market. Below mentioned is the list of few companies engaged in the extruded plastics    market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the extruded plastics    market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

• DuPont de Nemours Inc.
• Sigma Plastics Group
• Exxon Mobil Corporation
• Berry Global Inc.
• SABIC
• Chevron Phillips Chemical Company
• Saint-Gobain Performance Plastics
• JM EAGLE INC.
• Formosa Plastics Corporation
• Bemis Company Inc.

The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Extruded Plastics Report Scope