Extruded Plastics Market to Witness Enhanced Demand in Automobiles and Packaging Industry Till 2023: Market Research Future

Market Overview:
The global extruded plastics market is expected to grow at USD 280 billion in 2022 with the CAGR of 4.9% from 2016 to 2022.The drivers of this market are low feedstock and rise in energy price that tends to reduce the overall cost of extrudes. In-addition to this an innovation in extruded plastics to be utilized in medical and agriculture market will fuel this market. The polystyrene segment is expected to grow tremendously at the CAGR during the forecast period. Low thermal conductivity and poor resistance to oxygen and moisture make this resin a suitable material to be used in packaging of food products. In addition to this, polystyrene is an inexpensive thermoplastic resin to be used in, toys, construction and others. Polystyrene finds applications in food/non-food packaging, and in consumer products such as frames, cable ducts, tubes, sale displays/signage, containers, bottles, trays, tumblers, disposable cutlery and others.
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Geographically, maximum consumer of extruded plastics market is in Asia-Pacific followed by U.S. in North America which shows a remarkable growth of the extruded plastics market due to the growing automobile sector there. Europe show a stable growth due to recent economic crises in Western Europe.
Key Players:
Key players of the global extruded plastics market are AEP Industries Inc., Arkema S.A., Bemis Company, Inc., Berry Plastics Corporation, Chevron Phillips Chemical Company, The DOW Chemical Company, E. I. Du Pont De Nemours and Company, Engineered Profiles LLC, Sigma Plastics Group and Saint-Gobain S.A.
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Reasons to buy:
This report includes an in-depth study analysis of extruded plastics market. It covers market segmentation by type and by end-user. It helps in identifying region wise major suppliers and understanding consumption patterns. The report will provide useful and premium insights that will support in investments in extruded plastics and allied companies by providing detail on the fast growing segments and regions. In addition, it will provide key findings that will help companies to improve profitability by using supply chain strategies and method of cost effectiveness of various products mentioned in the report. The data used in the report is primarily based on primary interviews with major producing companies and industry experts which are supported by authentic industry data from secondary sources.

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