Press release
Extrusion Sheet Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region
The Business Research Company offers in-depth market insights through Extrusion Sheet Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The extrusion sheet market size has grown strongly in recent years. It will grow from $114.54 billion in 2023 to $122.13 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to growing demand in packaging industry, industrial expansion and construction, automotive sector growth, renewable energy projects, consumer electronics industry demand.
The extrusion sheet market size is expected to see strong growth in the next few years. It will grow to $158.67 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to increased emphasis on lightweight materials, rise in construction and infrastructure development, electrification of vehicles, global focus on renewable energy, customization and tailored solutions. Major trends in the forecast period include advancements in manufacturing technologies, advancements in material technology, bio-based and biodegradable materials, circular economy practices, digitalization of manufacturing processes.
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Market Segmentation:
The extrusion sheet market covered in this report is segmented -
1) By Type: Polypropylene, Low Density Polyethylene (LDPE), Polycarbonate, High Density Polyethylene (HDPE), Polystyrene, Acrylate, Polyethylene, Other Types
2) By Structure: Corrugated, Solid And Textured, Hollow, Multiwall, Other Structures
3) By Material Source: Virgin, Recycled
4) By Process Type: Coextrusion, Thermoforming
5) By Industry Vertical: Packaging, Medical Devices, Consumer Electronics, Automotive, Construction, Other Industry Verticals
Major Driver - Extrusion Sheets Market To Flourish Amidst Surging Food And Beverage Industry
The increasing food and beverages industry is expected to boost the extrusion sheet market. The food and beverage industry includes any business involved in transforming raw agricultural goods into consumer food items. The benefit of extrusion sheets for the food and beverage industry is their ability to provide versatile, lightweight, and customizable solutions for packaging applications, ensuring product protection and efficient transport. The increasing consumption of food and beverages contributes to the extrusion market's growth. For instance, in April 2022, per the report published by Common Thread Collective, a US-based e-commerce growth agency, food and beverage sales that require packaging materials are expected to be $435.3 billion in 2021, $506.3 billion in 2022, and $856.9 billion by 2025. Therefore, the increasing consumption in the packaging industry will drive the future extrusion sheet.
Competitive Landscape:
Major companies operating in the extrusion sheet market report are Saudi Basic Industries Corp,Evonik Industries AG, Covestro AG, DS Smith plc, Owens Corning, Kaneka Corporation, Inteplast Group Corporation, Hitachi Zosen Corporation, Serafin Group Limited, Formosa Plastics Corporation, Ensinger GmbH, MDI Inc., Simona AG, Primex Plastics Corporation, Plaskolite LLC, Brett Martin Limited, Palram Industries Ltd., Arla Plast AB., Danpal, Westlake Plastics Company, AGRU Kunststofftechnik GmbH, Zylog Plastalloys Private Limited, Karton S.p.A., Corex Plastics Pty. Ltd., Wellplast AB, Extrutech Plastics Inc., Matra Plast Inc., Gallina USA LLC
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Top Trend - Innovative Ultrathin Coating Process Revolutionizes Extrusion Sheet Market
Advanced technologies are a popular trend in the extrusion sheet market. Major companies operating in the extrusion sheet market are focused on advanced technologies to sustain their position in the market. For instance, in April 2022, Reifenhäuser Cast Sheet Coating GmbH & Co. KG, a Germany-based engineering company, launched a new ultrathin coating process for applying film to medical protective garments. The process reduces film grammage by 66% and overall material consumption by 28%. The method includes Reifenhäuser's LAMICOR-CL Laminator with a mechatronic nip setting, which is the most important for the ultrathin coating extrusion coating line.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Extrusion Sheet Market Characteristics
3. Extrusion Sheet Market Trends And Strategies
4. Extrusion Sheet Market - Macro Economic Scenario
5. Extrusion Sheet Market Size And Growth
…..
27. Extrusion Sheet Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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