Industry Background:
An invention in extruded plastics to be used in medicine, as well as the agriculture industry, will help to boost global extruded plastics market. Plastics extrusion is a high-volume manufacturing process in that raw plastic is heated and formed into a continuous profile. There are various items are produced through the process of Extrusion including pipe/tubing, weather-stripping, plastic films and sheeting, thermoplastic coatings, fencing, deck railings, window frames, and wire insulation. High Adoption of extruded plastics from the construction industry as well as growing demand from packaging segment is a major factor driving extruded plastics market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | The DOW Chemical Company (United States), Sigma Plastics Group (United States), ExxonMobil Chemical Company (United States), Bemis Company Inc. (United States), SABIC (Saudi Arabia), Chevron Phillips Chemical Company LLC (United States), JM Eagle (United States), Berry Plastics Corporation (United States), Saint-Gobain S.A. (France) and E.I. Dupont De Nemours and Company (United States) |
According to AMA, the market for Extruded Plastics is expected to register a CAGR of 4.7% during the forecast period to 2030. This growth is primarily driven by Upsurging Demand for Extruded Plastics in Numerous Applications and Provides better Weight to Strength Ratio compared to Conventional Materials such as Metals, Wood, and Glass.
Globally, a noticeable market trend is evident Rapid development in the Plastic Industry with Capability of withstanding High Pressure
The Industrial Machinery sector in the Asia Pacific region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as The DOW Chemical Company (United States), Sigma Plastics Group (United States), ExxonMobil Chemical Company (United States), Bemis Company Inc. (United States), SABIC (Saudi Arabia), Chevron Phillips Chemical Company LLC (United States), JM Eagle (United States), Berry Plastics Corporation (United States), Saint-Gobain S.A. (France) and E.I. Dupont De Nemours and Company (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to avail of a competitive advantage through combined collaborations.
Key Developments in the Market:
In February 2023, Siegwerk and partners report successful deinking of plastic packaging for recycling extrusion. A partnership between Siegwerk, German startup Wildplastic, and the Hamburg University of Technology (TU Hamburg) has announced its successful trial to deink plastic packaging waste before it enters the recycling extrusion process.
On June 6, 2021, The Sigma Plastics Group has acquired PolyPak American located in Los Angeles, United States. PolyPak America will become a wholly owned division of Mercury Plastics of the Sigma Plastics Group. This acquisition allows Mercury to expand its product offerings and bring into its family a very experienced and talented group of team members. The new division of Mercury will be called Poly Pak Packaging and Caryn Fitleberg will be its Vice-President and Director of Operations.
Influencing Trend:
Rapid development in the Plastic Industry with Capability of withstanding High Pressure and Increasing Adoption of Plastic Extrusion in Manufacturing Plastic Films, Tubes, Pipes, and Sheets
Market Growth Drivers:
Upsurging Demand for Extruded Plastics in Numerous Applications and Provides better Weight to Strength Ratio compared to Conventional Materials such as Metals, Wood, and Glass
Challenges:
Stringent Government Regulations with respect to Plastic Production and Threat of Substitute Manufacturing Processes such as Injection Moulding
Restraints:
Complexities in Disposal of Extruded Plastics and Stagnate Market Growth Environmental and Human Health Hazards
Opportunities:
Growing Adoption of Ready-to-Eat Food will create Vigorous opportunities from Packaging Industry and Increasing Applications of Plastic in the Agricultural Industry
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Extruded Plastics Market
- Analysis about New Entrants in Extruded Plastics Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Extruded Plastics Study Sheds Light on
The Extruded Plastics Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Extruded Plastics industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Extruded Plastics industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.