Extruded Plastics Market 2019 Global Outlook, Research, Trends and Forecast to 2028 | DOW Chemical Company, Sigma Plastics Group, ExxonMobil Chemical Company, SABIC, E.I. Dupont De Nemours and Company

The Global Extruded Plastics Market is expected to reach USD 328.70 billion by 2028, growing at a CAGR of 3.6% during the forecast period. The growing demand for extrudates from the construction industry is expected to propel the extruded plastics market during the forecast period.

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Extruded plastics are basically plastics of different shapes and sizes, taken through the extrusion process, where in they are forcibly pushed through a tool that imparts them a shape and form. All types of plastics are easily malleable and can be manufactured in endless lengths and shapes, hence appropriate to be used for extrusion. Extruded plastics have applications in various industries due to its availability in almost all forms ranging from pipes & tubes to films & sheets.

The growth of the global market is primarily driven by the significant demand for extruded plastics products in the packaging industry. The extruded plastics are extensively used in packaging of food & beverages, consumer goods as well as medical products. They are used in packaging as wraps, clamshells, containers, and bottles. The increasing working population, high disposable income, and the changing lifestyle trend have resulted in an increased demand for packaged food, thus, fueling the demand for extruded plastics across the world.

Key Factors Impacting Growth of Extruded Plastics Market:

o Rising demand from the automotive and packaging industries
o Volatility in raw material prices
o Heavy demand for custom molded plastics from the construction industry
o Introduction of biodegradable extruded plastics

Key Developments:

o In December 2017, SABIC started a new polypropylene extrusion facility in Geleen (Netherlands), to increase the production of its polypropylene products and next-generation polypropylene copolymers, to meet the demand for new lightweight applications in end-use industries such as packaging, appliances, automotive, and healthcare.
o In 2017, DuPont Teijin Films (DTF), a joint venture between DuPont and Teijin Ltd, has agreed to sell all of its equity interest in the film business joint ventures in the US, Europe, and China to Thailand's Bangkok-based Indorama Ventures.

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Regional Outlook:

Asia-Pacific region dominated the global extruded plastics market in 2018. 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.

Companies Covered:

Major Companies profiled in the report which are key players in the global extruded plastics market. The DOW Chemical Company, Sigma Plastics Group, ExxonMobil Chemical Company, Bemis Company Inc., SABIC, Chevron Phillips Chemical Company LLC, JM Eagle, Berry Plastics Corporation, Saint-Gobain S.A., E.I. Dupont De Nemours and Company, and Sealed Air Corporation...

Market Segmentation:

By Type:
o LDPE
o HDPE
o Polypropylene
o Polystyrene
o PVC
o Others

By End-Use Industry:
o Packaging
o Building & Construction
o Automotive
o Consumer Goods
o Electrical & Electronics
o Others

By Region:

o North America
By Country (US, Canada, Mexico)
By Type
By End-User Industry

o Western Europe
By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
By Type
By End-User Industry

o Eastern Europe
By Country (Russia, Turkey, Rest of Eastern Europe)
By Type
By End-User Industry

o Asia Pacific
By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
By Type
By End-User Industry

o Middle East
By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
By Type
By End-User Industry

o Rest of the World
By Region (South America, Africa)
By Type
By End-User Industry

Reasons To Buy This Report:

o Market size estimation of the global extruded plastics market on a regional and global basis.
o The unique research design for market size estimation and forecast.
o Profiling of major companies operating in the extruded plastics market with key developments.
o Broad scope to cover all the possible segments helping every stakeholder in the extruded plastics market.

Customization:

We provide customization of the study to meet specific requirements:

o By Segment
o By Sub-segment
o By Region/Country

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This release was published on openPR.