Press release
Extruded Plastics Market Set for Robust Growth, Anticipating $246.52 Billion in 2024
Extruded Plastics Market
Exhibiting robust expansion, the extruded plastics market is projected to surge from $232.87 billion in 2023 to $246.52 billion in 2024, with a commendable Compound Annual Growth Rate (CAGR) of 5.9%. The market is poised for sustained strong growth, reaching an estimated $315.92 billion by 2028, with a projected CAGR of 6.4%.
Driving Factors:
Packaging Industry Surge Ignites Extruded Plastics Market:
The ascending trajectory of the packaging industry plays a pivotal role in propelling the extruded plastics market forward. Extruded plastics contribute to the creation of durable and efficient packaging solutions. Notably, India witnessed a 200% increase in packaging demand and consumption in 2021, rising from 4.3 kgs per person per annum (PPPA) to 8.6 kgs PPPA, as reported by the India Brand Equity Foundation. This surge underscores the market's growth spurred by the packaging sector.
Automotive Industry Demand Boosts Extruded Plastics Market:
Anticipated growth in the automotive industry is set to drive the extruded plastics market. The versatility, durability, and cost-effectiveness of extruded plastics make them a preferred choice in automotive applications, meeting specific performance requirements such as resistance to temperature, chemicals, and UV exposure. The global production of motor vehicles reached 85.4 million units in 2022, reflecting a significant 5.7% increase from the previous year, according to the European Automobile Manufacturers Association.
Explore the Global Extruded Plastics Market with a Detailed Sample Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6589&type=smp
Key Players:
Prominent players in the extruded plastics market include Apogee Enterprises Inc., Olsen Doors and Windows Limited, Fletcher Building Limited, YKK AP Inc., and other industry leaders.
Technological Advancements:
Innovative PP Foam Extrusion Technology:
Technological advancements take center stage as companies like Sulzer Chemtech and Borealis introduce a new PP foam extrusion technology. This innovation aims to enhance efficiency and reduce costs across the value chain, supporting circular solutions and predicting a production cost reduction of up to 60%.
Sustainable Products Address Growing Demand:
In response to increasing demand for sustainability, major companies are introducing innovative products like Meguri. Launched by Sumitomo Chemical Co. Ltd., Meguri is made from recycled plastics, including polyethylene, polypropylene, and acrylic resin. This eco-friendly alternative reduces environmental impact, improves resource efficiency, and finds applications in packaging, automotive, and construction.
Regional Insights:
Asia-Pacific emerges as the dominant region in the extruded plastics market in 2023 and is expected to maintain its position as the fastest-growing region during the forecast period. The regions covered include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Segments:
The extruded plastics market covered in this report is segmented -
1) By Type: Low Density Polyethylene, High Density Polyethylene, Polypropylene, Polystyrene, Polyvinyl Chloride, Other Types
2) By Form: Films, Pipes, Sheets, Tubes, Wires and Cables
3) By End-User: Packaging, Building and Construction, Automotive, Consumer Goods, Electrical and Electronics, Other End Users
Access the Complete Report for In-Depth Analysis:
https://www.thebusinessresearchcompany.com/report/extruded-plastics-global-market-report
Extruded Plastics Global Market Report 2024 from TBRC covers the following information:
Market size date for the forecast period: Historical and Future
Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Extruded Plastics Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on extruded plastics market size, extruded plastics market drivers and trends, extruded plastics market major players, competitors' revenues, market positioning, and market growth across geographies. The extruded plastics market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
Browse Through More Similar Reports By The Business Research Company:
Plastics Products Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/plastic-products-global-market-report
Plastics And Rubber Products Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/plastics-and-rubber-products-global-market-report
Paper, Plastics, Rubber, Wood And Textile Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/paper-plastics-rubber-wood-and-textile-global-market-report
Contact Information
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Check out our:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 6500+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
Global Market Model - Market Intelligence Database
The Global Market Model, The Business Research Company's flagship product, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets that help its users assess supply-demand gaps.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Extruded Plastics Market Set for Robust Growth, Anticipating $246.52 Billion in 2024 here
News-ID: 3365619 • Views: …
More Releases from The Business research company
Exploring the Global Gas Turbine Services Market: A Comprehensive Overview
The gas turbine services market size has grown rapidly in recent years. It will grow from $26.82 billion in 2023 to $29.52 billion in 2024 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed to aging gas turbine fleet, increased energy demand, rise in industrialization, focus on efficiency, stringent environmental regulations.
The gas turbine services market size is expected to…
Exploring the Global Form-Fill-Seal Equipment Market: A Comprehensive Overview
The form-fill-seal equipment market size has grown strongly in recent years. It will grow from $16.87 billion in 2023 to $17.95 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to industry regulations, cost efficiency, market competition, product diversification, globalization.
The form-fill-seal equipment market size is expected to see strong growth in the next few years. It…
Exploring the Global Flexible Foam Market: A Comprehensive Overview
The flexible foam market size has grown strongly in recent years. It will grow from $50.76 billion in 2023 to $54.32 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to demand from consumer electronics sector, expansion of packaging applications, shift towards comfortable furniture and bedding, expansion of automotive applications, demand for insulation in construction.
The flexible…
Exploring the Global Fall Protection Equipment Market: A Comprehensive Overview
The fall protection equipment market size has grown strongly in recent years. It will grow from $3.12 billion in 2023 to $3.35 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to economic development, risk management strategies, workplace safety regulations, industrialization and construction boom, urbanization and infrastructure projects.
The fall protection equipment market size is expected to…
More Releases for Plastics
Aerospace Plastics Market Demand and Technology Growth 2026 | 3P-Performance Pla …
Allied Market Research published a report, titled, "Aerospace Plastics Market by Material Type (Polyether Ether Ketone (PEEK), Poly Methyl Methacrylate (PMMA), Acrylonitrile Butadiene Styrene (ABS), Polycarbonate (PC), Polyphenylene Sulfide (PPS), and Others), Type of Aircraft (Commercial, Military, Rotorcraft, and Space), and Application (Cabin Interior, Windows & Windshield, Airframe, and Propulsion System): Global Opportunity Analysis and Industry Forecast, 2019–2026." According to the report, the global aerospace plastics industry garnered $744 million…
What's Driving the Aerospace Plastics Market Trends? SABIC, Solvay, Superior Pla …
Asia Pacific will account for a substantial proportion of aerospace plastics market share in the years to come. The growth can be primarily attributed to the surging demand for military and commercial aircraft. India and China will contribute significantly towards the regional growth. Europe aerospace plastics industry on the other hand, is also predicted to record a considerable growth rate over the coming timeframe, aided by France, Germany, and UK.
Increasing…
Plastic Contract Manufacturing Market is touching new level - GW Plastics, Inc., …
Global Plastic Contract Manufacturing Market: Snapshot
The global Plastic Contract Manufacturing market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 3.6% in the forecast period of 2020 to 2025 and will expected to reach USD 26920 million by 2025, from USD 23390 million in 2019
Get Sample Copy of this Report @https://www.orianresearch.com/request-sample/1512613
Further, in the research report, the following points are included…
Aircraft Plastics Market Analysis Focusing on Top Key Players are Solvay, BASF, …
Market Study Report LLC recently introduced new title on “2019-2024 Global Aircraft Plastics Market Report” that provides an in-depth overview of industry and competitive landscape, covering multiple market segments and elaborates market outlook and status to 2024.
The worldwide market for Aircraft Plastics is expected to grow at a CAGR of roughly xx% over the next five years, will reach xx million US$ in 2024, from xx million US$ in 2019,…
Plastic Contract Manufacturing Market 2018, Future Trends - McClarin Plastics, L …
Plastic Contract Manufacturing Market 2018 Industry report is offers a clear picture of the current and future Industry trends, developments and opportunities. The report, prepared by a highly seasoned team of analysts and data experts, carries an array of tables and graphs besides qualitative analyses.
Consumer electronics industry is dynamic and highly competitive in nature. As a result, manufacturers have been trying to implement methods which can reduce production cost…
Global Plastics Extrusion Market 2018 - Talent Plastics, Intek Plastics, America …
Apex Market Reports, recently published a detailed market research study focused on the “Plastics Extrusion Market” across the global, regional and country level. The report provides 360° analysis of “Plastics Extrusion Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of Plastics Extrusion on…
