Press release
Extrusion Sheet Market: Unpacking Growth Drivers, Key Players, and Future Projection
Extrusion Sheet Market Share
What Is The Projected Market Size Of The Global Extrusion Sheet Market And Its Growth Rate?
• Market size is expected to grow from $121.32 billion in 2024 to $128.84 billion in 2025 at a CAGR of 6.2%.
• The growth is attributed mainly to escalating demand in packaging, industrial expansion, construction, automotive sector, and renewable energy projects.
• The Extrusion Sheet Market demonstrates robust prospects, projected to reach $174.66 billion by 2029, posting a CAGR of 7.9%.
• Enhances focus on lightweight materials, infrastructure development, vehicle electrification, global focus on renewable energy, and tailored solutions are driving the future growth.
What Is Driving The Growth In The Extrusion Sheet Market?
The upward swing in the extrusion sheet market is predominantly driven by the booming food and beverage industry. This sector heavily relies on transforming raw agricultural goods into consumer foods, with extrusion sheets providing versatile, lightweight, and customizable solutions for packaging. Increased consumption of food and beverages has further fueled the demand for extrusion sheets. For instance, a 2022 report from the US-based e-commerce growth agency, Common Thread Collective, projected that food and beverage sales requiring packaging materials would escalate to $856.9 billion by 2025.
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Who Are the Key Players Driving Extrusion Sheet Market Growth?
• 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
What Are The Key Trends In The Extrusion Sheet Market?
• Advancements in manufacturing technologies
• Progress in material technology
• Emergence of bio-based and biodegradable materials
• Embracing circular economy practices
• Digitalization of manufacturing processes
What Are The Segments Of The Global Extrusion Sheet Market?
• By Type: Polypropylene, Low Density Polyethylene (LDPE), Polycarbonate, High Density Polyethylene (HDPE), Polystyrene, Acrylate, Polyethylene, Other Types
• By Structure: Corrugated, Solid And Textured, Hollow, Multiwall, Other Structures
• By Material Source: Virgin, Recycled
• By Process Type: Coextrusion, Thermoforming
• By Industry Vertical: Packaging, Medical Devices, Consumer Electronics, Automotive, Construction, Other Industry Verticals
Which Region Leads The Extrusion Sheet Market?
In 2024, Asia-Pacific dominated the extrusion sheet market. Over the forecast period, however, North America is predicted to emerge as the fastest-growing region. The regions covered in the Extrusion Sheet Market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Extrusion Sheet Market Global Market Report?
- Market Size Analysis: Analyze the Extrusion Sheet Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Extrusion Sheet Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Extrusion Sheet Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Extrusion Sheet Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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