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Extruded Plastics Market Intelligence with Competitive Landscape 2024
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Extruded Plastics Market: Drivers & Restraints
Developments in the packaging industry are predicted to be the primary driver of the extruded plastics market. Any shift (positive or negative) in this sector results in a significant rise or fall in this market. Asia Pacific, especially India and China, holds a prominent production capacity of petrochemical products and molded plastics mostly employed in the rigid packaging of food & beverages, cosmetics, consumer goods, industrial items, bottles, and containers. However, the manufacture, use, and disposal of molded plastic materials such as polyvinyl chloride (PVC) poses substantial and unique environmental and human health hazards. This is anticipated to hamper the advancement of the extruded plastics market. International manufacturers are researching ways to lessen the weight and escalate the strength and lives of car components, building materials, and various other products. Plastics can replace almost any material, thereby reducing the cost of raw material and production. Hence, extruded plastic products are now discovering ways to penetrate end-use industries such as building & construction and transportation.
Extruded Plastics Market: Segmentation
The extruded plastics market can be segmented based on type into the following categories:
LDPE
HDPE
Polypropylene
Polystyrene
PVC
LDPE was the dominant segment of the extruded plastics market in 2015, accredited to the rising demand for it from the plastic packaging industry.
Extruded Plastics Market: Segmentation
The extruded plastics market can be divided in terms of form into the following groups:
Films
Pipes
Sheets
Tubes
Wires & cables
Others (Laminations)
The market can be split by application into the following divisions:
Packaging
Building & construction
Power & lighting
Automotive
Energy (Wind turbine & solar panels)
Electrical & electronics (W&C, computers, and appliances)
Medical (medical tubing)
Others (Food & beverages, pharmaceuticals)
Extruded plastics offer abundant benefits to the end-users over other materials. For instance, in applications such as construction, the extruded plastic doors and windows provide advantages over aluminium and wood, as their frames do not degrade upon exposure to sun and water or necessitate maintenance. They also possess higher insulation properties and can be completely recycled.
Extruded Plastics Market: Region-wise Outlook
The global extruded plastics market can be roughly distributed on the basis of geography over five key regions including North America, Asia Pacific, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to be an attractive region for the extruded plastic market, which is attributed to the presence of emerging markets in the region. Therefore, international players have increased their focus on Asia Pacific. Markets for extruded plastics in North America and Europe are mature and provide limited opportunities in terms of untapped potential.
Extruded Plastics Market: Key Market Players
Key players identified in the extruded plastics market include:
Sigma Plastics Group
SABIC
ExxonMobil Chemical Company
Berry Plastics Corporation
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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