Extruded Plastics Market Report Size Analysis 2018 - 2022 and Top Leading Players - AEP Industries, Arkema, Bemis, Berry Plastics, Chevron Phillips Chemical, The DOW Chemical, E. I. Du Pont De Nemours, Engineered Profiles, Sigma Plastics Group and Saint-G

Extruded Plastic Market – Market Overview

Plastic extrusion is high volume manufacturing process, wherein, raw plastic melted and formed. Extruded Plastics are used during the process of thermoforming and are produced by the process of extrusion. Extrusion is performed by forcing a base, such as a type of metal, aluminum, plastic or plastic pellets, through a die to achieve a desired shape or configuration. Growing industrial application is plastic is bolstering the industry growth and expected to keep up the demand in the years to come. Industries such as automotive, building & construction, consumer good are the key consumer of the plastic products. Rising construction projects in regions which includes Asia pacific and North America, strengthening automotive production across the globe are the major growth driver. Moreover, divers need of consumer goods industry for plastic expected to offer promising future in the years to come. On the other hand, instability in the raw material prices expected to pose as a major threat over the growth of this market.

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Regional Overview

Asia Pacific is the largest market for Extruded Plastic and it is expected to retain its dominance over the forecast period. Factors such as economic reforms in the countries which includes China, India, Korea, Japan, and Taiwan is the key growth driver. Consequently, rising industrial development and emergence of China as a global manufacturing hub is considered as a game changer for market growth. Europe is healthy region in terms of consumption, however, the region may lose significant demand for Extruded Plastic product over the forthcoming years. This is due to tight regulatory scenario in the region.

Extruded Plastic Market- Competitive Landscape

The nature of Global Extruded Plastics Market is highly fragmented and consist of major industry leader. Overall competition observed in this market is high and it is expected to get even higher over the assessment period.

Key players in this market are AEP Industries Inc, Arkema S.A., Bemis Company, Inc., Berry Plastics Corporation,Chevron Phillips Chemical Company, DowDuPont inc, Engineered Profiles LLC, Sigma Plastics Group, Saint-Gobain S.A., and other large number of the small as well as mid-scale players. Global market as a whole witnessed production capacity expansion, product launch, and acquisition as major strategies to attain the anticipated growth.

Industry/ Innovation/ Related News:

April 11, 2018 – DowDupont Inc conforms the upcoming investment in the specialty chemical segment at its Orange, Texas based site. The company is likely to invest USD 100 million in order to meet increasing demand for specialty plastic from transportation and automotive markets.

Feb 15, 2018- SABIC increased production capacity of thermoplastic material named ULTEM™ and NORYL™ resins. In order to meet consumer demand from, company has planned to raise its thermoplastic resin operation specifically in Asia pacific and Netherlands. The planned capsid is expected to be undertaken at Singapore based plant to surge supply as compared to rising demand. Changing industrial dynamics in Asia Pacific region may surge growth factors for plastic industry and ultimately massive demand for extruded plastic products.

Jun 21, 2017 – Engineering plastic capacity expansion has been undertaken by chemical and specialty material producer BASF SE. At their Germany based plant, engineering plastic (Extruded plastic) are being extended by 700, 000 to/year. As per one of the board member of BASF, this is one of the biggest capacity expansion undertaken for Extruded plastic segment, and there are further market alliances are being lined up to cater the increasing demand coming from end use markets. This expansion has made to provide high performance components in major industries such as automotive and electronics and electrical.

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