Extruded Plastics Market Key Highlights:
- Market Size (2024): USD 1,039 Million
- Projected Market Size (2034): USD 1,629 Million
- CAGR (2023-2034): 4.6%
Pricing Analysis:
- Price Growth
- Regional Variations
Volume Analysis:
Import-Export Data
- Major Importers
- Major Exporters
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
Price by Manufacturer
- Examination of pricing strategies adopted by various manufacturers.
Extruded Plastics Market Definition
The extruded plastics market includes plastic produced through extrusion. This process involves melting thermoplastic homogeneously and then forcing it out of the shaping die using pressure. The plastic extrusion process provides many advantages, including lower cost, lower waste, and added material. It is one of the most widely used manufacturing processes in plastic molding and the most commonly used for thermoplastics. It is suitable for the production of pipes, tubes, sheets, and films.
However, stricter environmental regulations are restricting market growth. Governments are aiming to reduce plastic use and eventually phase it out. For Instance, in June 2022, Secretary Order 3407 (SO 3407) was passed, aimed at reducing the procurement, sale, and distribution of single-use plastic products and packaging to phase out all single-use plastic products on Department-managed lands by 2032. Biden-Harris administration announced a new goal to eliminate government purchases of single-use plastics from food service, events, and packaging by 2027 and to reduce purchases of single-use plastics by government projects by 2035.
Despite this, the extruded plastics market is expected to grow in the coming years due to the anticipated use of extruded plastic in various industries such as construction, medical, transportation, engineering, and electronics due to the ability of extruded plastic to produce many different shapes, sizes, and profiles. The process can be modified to meet specific design requirements. For example, Teel Plastics LLC is investing $5 million in 2022, including additional extrusion capacity and increased labor costs, with more to come. Teel will double the gas pipeline and telecom pipeline capacity at the Industrial court facilities by 2023.
Extruded Plastics Market Segmentation:
By Type
- LDPE
- HDPE
- Polypropylene
- Polystyrene
- PVC
By Application
- Packaging
- Building & Construction
- Automotive
- Energy
- Electrical & Electronics
- Medical
- Others
Extruded Plastics Market Companies:
- Berry Global
- Sealed Air Corporation
- Formosa Plastics Corporation
- Saudi Basic Industries
- Sigma Plastics Group.
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