The China extruded plastic Market was valued at US$84.627 billion in 2018 and is projected to expand at a CAGR of 5.92% over the forecast period to reach US$119.502 billion by 2024. The increased demand for extruded plastic is characterized by rapid growth in domestic consumption and burgeoning need for high profile and customized extrusions in different applications. Rapid urbanization and growing middle class are leading to an increased investment in building and construction activities. Ac Read more...
The Canada extruded plastic Market was valued at US$3.044 billion in 2018 and is projected to expand at a CAGR of 2.29% over the forecast period to reach US$3.487 billion by 2024. Plastic Extrusion is a high volume manufacturing process in which raw material (thermoplastic resin) is melted and formed into a continuous profile. The process produces products such as pipe/tubing, weather stripping, window frames, plastic sheets, wire insulation and etc. The market is mainly driven by packaging, Read more...
The Brazil extruded plastic Market is projected to grow at a market size of US$7.604 billion by 2024. The plastic industry in Brazil was hit by a two year low in 2014-2016 due to recession in the country which significantly impacted the demand for plastic extrusions. However, the demand is set to grow at a slow pace owing to the economy recovering at a slow and steady rate. Growing use of plastic packaging in the country is providing a big boost to the extruded plastic market growth. Moreover Read more...
The Asia Pacific extruded plastic Market was valued at US$122.986 billion in 2018 and is projected to expand at a CAGR of 5.76% over the forecast period to reach US$172.141 billion by 2024. Asia Pacific is dominating the extruded plastic market on account of growing industrialization and urbanization in the country. Burgeoning construction activities in countries like India, China is driving the demand for PVC extrusions. Consumer preference towards clear and safe packaging is leading to an i Read more...
The Argentina extruded plastic Market is projected to grow at a market size of US$7.604 billion by 2024. Since the plastic industry is in recovery stage from 2017, the demand for processed plastic is steadily gaining grounds. The rise in e-commerce sector is significantly boosting the packaging sector in the country which is augmenting the demand for plastic films such as PE films. As a result, The Dow chemical is into expansion of its polyethylene production capacity by investing in Argentin Read more...
The extruded plastic market for electrical and electronics industry is projected to grow at a CAGR of 4.34% over the forecast period. Plastic extrusions are widely used in telecommunication and wire management industries due to their ease of use, flame retardation, anti-static, and corrosion resistance. Extruded cables are widely used in networking systems. Burgeoning adoption of optical fiber and growing networking system across the globe is supporting the extruded plastic market growth. Thu Read more...
The extruded plastic market for construction industry is projected to grow at a CAGR of 4.42% to reach US$50.447 billion by 2024. Plastic extrusion is a high-volume manufacturing process in which raw plastic is melted and formed into a continuous profile such as pipe/tubing, deck railing, window frames, plastic sheets and films and etc. Extrusions of PVC, ABS (acrylonitrile butadiene styrene), polypropylene and etc. are generally used in pipe fittings and many more construction applications. Read more...
The extruded plastic market for packaging industry is projected to grow at a CAGR of 4.73% during the forecast period. Packaging is the major end-user of the extruded plastics and holds a major share in the market. Extruded plastic products such as plastic films are widely used in packaging industry owing to increasing pressure to satisfy varied demands such as low cost, improved performance, and enhanced environment attributes. Growing penetration of plastic films in applications such as pha Read more...
The extruded plastic market for automotive industry is projected to grow up to market size of US$17.835 billion by 2024 at a CAGR of 4.89%. Plastic extrusions are widely used in the automotive industry as they allow for flexibility in design and are an economical way to create specialty parts for a wide range of vehicles. They are used to provide weather protection, and are used to protect complex wiring harnesses that are deployed in today’s advanced vehicle designs. Thus, auto manufacturers Read more...
The polyethylene extrusion market is estimated to grow at a CAGR of 2.58% during the period 2018-2024. Polyethylene (PE) is the most common used plastic material and is extruded into a variety of forms that includes pipes, films and sheet, and profiles. Continued use of PE extrusions in packaging, bottles, and food containers is driving the PE extrusion market growth. However, ban on single-use plastic in many countries is restraining the demand for PE based bags, and straws which is significa Read more...
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