North America Extruded Plastic Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Polypropylene (PP), Polyethylene (PE), LDPE, HDPE, Polyvinyl Chloride (PVC), Others), By End-User Industry (Construction, Electrical And Electronics, Packaging, Automotive, Others), And By Country - Forecasts From 2022 To 2027

Published:  May 2022 Report Code: KSI061612622 Pages: 95

North America extruded plastic market is projected to grow at a CAGR of 5.12% during the forecast period to reach US$65.888 billion by 2027, from US$46.443 billion in 2020.

Extrusion of plastics is a higher production method that involves melting raw plastic and forming it into a continuous shape. Deck railings, window frames, plastic films, pipe/tubing, weatherstripping, fencing and sheeting, thermoplastic coatings, and wire insulation are all made through extrusion. Plastic material like pellets, granules, flakes, or powders is fed into the chamber of the extruder through a hopper. The mechanical energy produced by twisting screws and burners set along the barrel progressively melts the material. After that, the molten polymer is pressed into a die, which moulds it into a shape that solidifies as it cools.

Growth Driver for North America Extruded Plastic Market

Key factors anticipated to drive the market growth include increased packaging use and demand, increased construction operations, and increased plastic consumption in agribusiness. The rising implementation and demand for extruded plastics in the packaging sector are expected to be one of the primary factors driving the extruded plastics market in North America. People's growing appetite for ready-to-eat food is propelling the packaging business forward. Extruded plastics are employed depending on the packaging process and the food item being packaged, whether fresh or frozen, to maximize reliability and preservation. Extruded plastics serve content retention by ensuring good consumer appeal through high transparency and brilliance.

Restraints

The production cost associated with the extrusion of plastic, lack of awareness of how to use it in an eco-friendly manner, and its disposal is expected to hinder extruded plastic's market growth in North America. 

North America Extruded Plastic Market Types

The largest income generator is expected to be polyethene, which is anticipated to grow substantially throughout the forecast period. Polyethene-based extruded plastics come in a variety of grades, including HDPE (high-density polyethene), MDPE (medium-density polyethene), and LDPE(low-density polyethene). Compared to other forms of extruded plastics, polyethene extrusion is durable, transparent, has a low coefficient of friction, and has superior chemical tolerance. This reason is accelerating the segment's market growth over the forecasted period.

COVID-19 Impact on North America Extruded Plastic Market

North American extruded plastics market has been negatively impacted by the COVID-19 epidemic. During the pandemic, manufacturing and production operations suffered because of the mandated shutdown, which resulted in a halt in foreign trade and a drop in plastic usage. There was also reduced demand for mechanical equipment, transportation, automobiles, and gadgets, resulting in a decline in plastics manufacturing and, as a result, extruded plastics output. The prolonged health crisis has hampered the extruded plastics distribution system, which has widened the supply-demand mismatch. Trades of electronic goods such as cables and wires, processors, semiconductors, and others have plummeted due to logistical concerns. Extruded plastic is extensively utilized as an insulating material in numerous consumer electronics goods. Some tech firms have either shut down or reduced their business due to illnesses among the personnel. All these impacts have slowed down extruded plastic's growth in North America.

Regional Analysis

The United States is expected to dominate the market share of North American extruded plastic owing to government initiatives to promote plastic recycling. The US Department of Energy (DOE) stated in 2020 that it would finance twelve initiatives to promote advanced plastics and sustainable materials. More than US$27 million was spent on funding. Thus, the North American recycled plastics market is expected to be driven by consumer engagement and compliance with laws over the forecasted period. PET (polyethene terephthalate) is commonly used to make soft drink bottles and food and beverage boxes. PET is often used to make angioplasty balloon tubing, sutures, and implantable materials. As a result, the PET segment is predicted to lead the recycled plastics market in North America. According to the United States Environmental Protection Agency, In 2018, there were 5.6 million tonnes of polymers combusted in MSW. That year, 16.3 percent of MSW was combusted with energy recovery. Landfills received 27 million tonnes of plastic in 2018. This accounted for 18.5 percent of all MSW disposed of on land. The enormous amount of plastic prevalence in the region makes it possible to extrude it and is anticipated to drive the growth of the extruded plastic market in the region.

Key Market Segments

  • By Type
    • Polypropylene (PP)
    • Polyethylene (PE)
    • LDPE
    • HDPE
    •  Polyvinyl Chloride (PVC)
    • Others 
  • By End-User Industry
    • Construction
    • Electrical and Electronics
    • Packaging
    • Automotive
    • Others 
  • By Countries
    • United States
    • Canada
    • Mexico
1. INTRODUCTION
1.1. Market Definition
1.2. Market Segmentation

2. RESEARCH METHODOLOGY  
2.1. Research Data
2.2. Assumptions

3. EXECUTIVE SUMMARY
3.1. Research Highlights

4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis

5. NORTH AMERICA EXTRUDED PLASTIC MARKET BY TYPE
5.1. Introduction
5.2. Polypropylene (PP)
5.3. Polyethylene (PE)
5.3.1. LDPE
5.3.2. HDPE 
5.4. Polyvinyl Chloride (PVC)
5.5. Others

6.  NORTH AMERICA EXTRUDED PLASTIC MARKET BY END-USER INDUSTRY
6.1. Introduction
6.2. Construction
6.3. Electrical and Electronics
6.4. Packaging
6.5. Automotive
6.6. Others

7. NORTH AMERICA EXTRUDED PLASTIC MARKET BY COUNTRY
7.1. Introduction
7.2. United States
7.3. Canada
7.4. Mexico

8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix

9. COMPANY PROFILES
9.1. Veka Inc.
9.2. SFR Industries
9.3. PBS Plastics
9.4. Blackwell Plastics
9.5. Sigma Plastics Group
9.6. Crescent Plastics Incorporated
9.7. Aero Plastics Inc.
9.8. Trident Extrusion Systems
9.9. Canadian Plastic Extrusion Ltd.
9.10. Chevron Philips Chemical Company

Veka Inc.

SFR Industries

PBS Plastics

Blackwell Plastics

Sigma Plastics Group

Crescent Plastics Incorporated

Aero Plastics Inc.

Trident Extrusion Systems

Canadian Plastic Extrusion Ltd.

Chevron Philips Chemical Company

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