Philippines Plastic Extrusion Molded Parts Market Size by Type, Application, and Regional Outlook

According to a new report published by Allied Market Research, titled, Philippines Plastic Extrusion Molded Parts Market by Application: Opportunity Analysis and Industry Forecast, 2016-2023, the Philippines plastic extrusion molded parts market size was valued at $618.9 million in 2016, and is estimated to reach $788.2 million by 2023, registering a CAGR of 3.5% from 2017 to 2023.

The Philippines plastic extrusion molded parts market is driven by the low cost of feedstock & energy prices and growth in demand for extrusion parts from the construction industry. However, volatile nature of crude oil prices hampers the market growth during the forecast period. Moreover, significant growth of plastic industry in Philippines is expected to provide substantial growth opportunity to the industry players soon.

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Plastic extrusion is widely adopted owing to the low initial set-up cost, fast setup time, and low production cost. However, volatile nature of crude oil prices hampers the market growth during the forecast period. Moreover, significant growth of plastic industry in Philippines is expected to provide substantial growth opportunity to the industry players in the near future.

In 2016, housing building material application dominated the Philippines plastic extrusion molded parts industry, owing to the increase in use of extrusion process to manufacture housing building material parts such as wall trims, housings, window components, wall protection components, and window casement.

The Philippines plastic extrusion molded parts market is segmented based on its applications such as housing building material, automobile, and infrastructure. The report also comprises of competitors and customers active in the market. Competitors are the key players manufacturing the plastic extrusion molded parts, however, customer include the industries, which are using these extruded parts in diverse applications.

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The key competitors profiled in the report include Gemphil Electronics Assemblies, Inc., COFTA Moulding Corporation, Indoplas Philippines, KIMIKA Industrial Corporation, Engineered Profiles LLC, The Dow Chemical Company, Bemis Company, Inc., Quanex Building Products Corporation, Royal Group, Inc., Pexco LLC, Bestpak Manufacturing Enterprises, Inc., JM Eagle, Inc., and Royal Group, Inc.

KEY MARKET BENEFITS FOR STAKEHOLDERS
- This report provides an extensive analysis of the current and emerging market trends and dynamics of the Philippines plastic extrusion molded parts industry.
- In-depth analysis of all applications is conducted by constructing market estimations for key segments between 2016 and 2023, which assist to identify the prevailing opportunities.
- The report assists to understand the strategies adopted by the companies for market expansion.
- This study evaluates the competitive landscape to understand the competitive environment across various competitors and customers in the market.

KEY MARKET SEGMENTS
By Application
- Housing Building Material
- Automobile
- Infrastructure

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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