Summary
The global extruded plastics market was valued at $185.6 billion in 2020, and is projected to reach $289.2 billion by 2030, growing at a CAGR of 4.6% from 2021 to 2030.
Extruded plastics are obtained through extrusion of polyethylene, polypropylene, polystyrene, polyvinyl chloride, and other polymeric materials. They are forcibly pushed through extruders in which they are melted and formed into various shapes and sizes. Extruded plastics take shape according to cross-section of die placed inside the extruder. They are used in producing plastics of varied shapes and sizes for use in several end use industries such as building & construction, packaging, automotive, and others.
Rise in awareness regarding hygienic goods, safe food, and pharmaceuticals is expected to boost the demand for extruded plastics in the growing packaging industry. In addition, factors such as reduced raw material costs associated with manufacture and procurement of extruded plastic-based films has made key manufacturers become more linear toward using extruded plastics for film production. This may propel the growth of the extruded plastics market. Furthermore, increase in investments in building infrastructure in countries such as the U.S., China, Japan, Mexico, and India have led the building & construction sector to witness a significant growth where extruded plastics are widely used as insulating materials, cladding panels, and pipes in various construction sites. This is predicted boost growth of the extruded plastics market.
However, extruded plastics pose threat to both humans and environment, owing to its disposal, decomposition, release of toxic chemical constituents, and other factors. In addition, long term exposure to extruded plastics may cause health-related problems such as irritation in eye, vision failure, respiratory problems, dizziness, genotoxic, cardiovascular, and gastrointestinal problems. This is expected to hamper the market growth.
On the contrary, extruded plastics are widely employed as substitutes over metals, owing to its corrosion resistance property. Moreover, factors such as growing concentration of manufacturers, availability of feedstock at reduced prices, and arrival of local players has led manufacturers to offer extruded plastics at low prices. This is anticipated to increase sales of extruded plastics in several end use sectors; thus creating lucrative opportunities for the market.
The extruded plastics market is segmented on the basis of material type, application, end use, and region. On the basis of material type, the market is categorized into polyethylene, polypropylene, polyvinyl chloride, polystyrene, and others. On the basis of application, it is divided into pipes & tubing, wire insulation, windows & door profiles, films, and others. By end use, it is classified into building & construction, packaging, automotive, industrial, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The global extruded plastics market profiles leading players that include Atlantis Plastics, Inc., China Plastic Extrusion Ltd., Crescent Plastics Incorporated, GSH Industries, Keller Plastics Inc., Lakeland Plastics, Inc., Nenplas Limited, Petro Packaging Company, Inc., Pexco LLC, and Saint Gobain.
The global extruded plastic market report provides in-depth competitive analysis as well as profiles of these major players.
1.1. Key benefits for stakeholders
• Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
• It outlines the current trends and future estimations of the market from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets.
• The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
• The key drivers, restraints, and opportunities and their detailed impact analysis are explained in the study.
• The profiles of key players and their key strategic developments are enlisted in the report.
1.2. Key market segments
• By Material Type
• Polyethylene
• Polypropylene
• Polyvinyl Chloride
• Polystyrene
• Others
• By Application
• Pipes and Tubing
• Wire Insulation
• Windows and Door Profiles
• Films
• Others
• By End-use
• Building & Construction
• Packaging
• Automotive
• Industrial
• Others
• By Region
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Italy
o Spain
o Rest of Europe
• Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia
o Rest of Asia-Pacific
• LAMEA
o Brazil
o Saudi Arabia
o South Africa
o Rest of LAMEA
Key players in the global extruded plastics market are:
1. Atlantis Plastics, Inc.
2. China Plastic Extrusion Ltd.
3. Crescent Plastics Incorporated
4. GSH Industries
5. Keller Plastics Inc.
6. Lakeland Plastics, Inc.
7. Nenplas Limited
8. Petro Packaging Company, Inc.
9. Pexco LLC
10. Saint Gobain
