The global extruded plastic market is projected to grow at a CAGR of 4.65% to reach US$276.316 billion by 2024, from US$210.400 billion in 2018. 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. Burgeoning demand for such extruded plastic products in industries such as electronics, healthcare, and food and beverages owing to its versatility, flexibility, affordability and formability is driving the global extruded plastic market growth. Growing construction activities across the globe is bolstering the demand for extruded plastics in the construction sector. The market is expected to grow at a steady pace owing to the increasing penetration of extruded plastic from everyday food containers to industrial chemical processing.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study has been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the extruded plastic value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the global extruded plastic market.
Major industry players profiled as part of the report are BASF SE, Eaton, DS Smith, SFR Industries, DowDuPont, PBS Plastics, Condale Plastic Ltd., Blackwell Plastics, Sigma Plastics Group, HPE Plastic Extrusion Solutions, Chevron Philips Chemical Company, and Crescent Plastics Incorporated.
The global extruded plastic market has been analyzed through following segments:
Polyvinyl Chloride (PVC)
By End-User Industry
Electrical and Electronics
Middle East and Africa