The North America extruded plastic Market was valued at US$45.825 billion in 2018 and is projected to expand at a CAGR of 3.23% over the forecast period to reach US$55.439 billion by 2024. The demand for plastic extrusion in North America is mainly driven by increased consumption from packaging, construction, and automotive industries. As a consequence, the players are investing in expanding their extrusion facility in the region. For an instance, in September 2017, PVC extrusion specialist for window door, fence deck, and rail applications, Veka Inc., has announced to add a fourth extrusion facility in the region so as to support continued existing and new customer growth. Rising demand for flexible packaging in U.S.A, and Canada is expected to boost the extruded plastic market in these countries. According to Knowledge Sourcing Intelligence Analysis, the flexible packaging in North America was valued at US$ 30.060 billion in 2015 and is projected to grow at a CAGR of 2.07% during 2015-2021.
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 North America 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 North America extruded plastic market.
Some of the key players include VEKA Inc., SFR Industries, PBS Plastics, Blackwell Plastics, Sigma Plastics Group, Crescent Plastics Incorporated, Aero Plastics Inc., Trident Extrusion Systems, Canadian Plastic Extrusion Ltd., and Chevron Philips Chemical Company.
The North America extruded plastic market has been analyzed through following segments:
Polyvinyl Chloride (PVC)
By End-User Industry
Electrical and Electronics
Key insights offered
What will be the North America extruded plastic market size from 2019 to 2024?
How the major drivers and restraints affecting the North America extruded plastic market growth and the opportunities which exist for key vendors?
Which segment and region will drive or lead the market growth and why?
A comprehensive analysis of competitive landscape and key market participants’ behavior
Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth.