Extruded Plastics Market Report, By Type (Low-Density Polyethylene (LDPE), High-Density Polyethylene (HDPE), Polypropylene, Polystyrene and Polyvinyl Chloride (PVC)), End-Users (Food & Beverage, Protective Packaging, Building & Construction, Automotive, Power & Lighting, Electrical & Electronics and Medical & Pharmaceutical Industries) and Geography - Global Market Share, Trend Analysis & Forecast

Extrusion is a high volume manufacturing process in which raw material is melted and formed into a continuous profile. The plastic extrusion process is a well-known technique, widely used in the polymerization industry. In the plastic extrusion, raw thermoplastic material, in the form of small beads is fed from a top mounted hopper into the barrel of the extruder. Additives such as colorants and UV inhibitors (either liquid or pellet form) are often used and can be mixed into the resin.  

Extruded Plastics Market Trends

• The rise in disposable income of modern consumer and high standards of living will positively influence the product market growth
• Moreover, the low cost associated with manufacturing & procurement of feedstock, excellent mechanical properties and entry of domestic players for raw materials will boost the extruded plastics market growth in the coming years

Extruded Plastics Market Outlook

• The major growth driver for extruded plastics market is the increasing demand from the packaging industry due to the developments in food & beverage and consumer products segment throughout the world
• In addition, the rise in infrastructural needs of nations is fuelling the product demand in construction and building materials industry
• Also, the growth in electrical, electronics & telecommunication industry is likely to have a positive impact on the product market owing to the rising demand in wires & cables, computers and accessories and consumer appliances

Extruded Plastics Market COVID-19 Impact

• The global pandemic of Coronavirus (COVID-19) has triggered stock market instability, tight border controls, and worldwide lockdown, leading the chemical industry, as well as large companies and governments, to restock supply chains
• The whole world is experiencing severe impact on social and financial sectors, and all global industries are facing challenges during the COVID-19 pandemic
• Rising support from governments and several companies can help in the fight against this highly contagious disease

Extruded Plastics Market Regional Trends

The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. North America comprises of U.S., Canada and Mexico. Whereas, Europe covers UK, France, Germany, Italy, Spain and Rest of Europe. The key countries included under Asia Pacific are China, India, Japan and Rest of Asia Pacific. The Rest of the world include Latin America and Middle East & Africa. The Asia Pacific is expected to account for the largest share in the global Extruded Plastics market during the forecast period. The product market is likely to show significant growth in Asia-Pacific, particularly in India, China and Japan, owing to the fast-paced industrialization, elevating infrastructural standards and e-commerce boom in this region. The global demand for packaging from e-commerce segment for goods handling, when in transit, has accelerated the extruded plastics market growth. Moreover, the power & lighting and electronics & telecommunication segment is on rise in developed regions such as Europe and North America, which is also seen to boost the overall product demand.

Extruded Plastics Market Segmental Highlights

• The report analyses the global extruded plastics market based on type, end-users and geography
• The extruded plastics market, based on its types, can be segmented into categories such as Low-Density Polyethylene (LDPE), High-Density Polyethylene (HDPE), Polypropylene, Polystyrene and Polyvinyl Chloride (PVC)
• The major and prominent end-users in the product market are food & beverage, protective packaging, building & construction, automotive, power & lighting, electrical & electronics and medical & pharmaceutical industries
• Extruded plastics are used in manufacturing of packaging materials such as wraps, containers, bottles, clamshells and food & baked goods bags which are used in food & beverage industry on a large scale

Extruded Plastics Market Key Players

The key companies in the Extruded Plastics market are AEP Industries Inc., Arkema S.A., Bemis Company, Inc., Berry Plastics Corporation, Chevron Phillips Chemical Company LLC, E. I. Du Pont De Nemours and Company, Engineered Profiles LLC, Exxonmobil Chemical Company, Formosa Plastics Group, JM Eagle, SABIC (Saudi Arabia Basic Industries Corporation), Saint-Gobain S.A., Sealed Air Corporation, Sigma Plastics Group, and The DOW Chemical Company. New extruded plastics product launches and strategic acquisitions is primarily focused by many industry players so as to maintain competitive edge in the market. Furthermore, many companies are looking to engage in new geographical areas to cater the growing demand for extruded plastics in the market.