Extruded Plastics Market, (By Type: Low Density Polyethylene, Polypropylene, Polyvinyl Chloride, High Density Ethylene, and Polystyrene. By Application: Pipes and Tubing, Wire Insulation, Windows and Door Profiles, Films & Others. By End-User: Building and Construction, Packaging, Automotive, Industrial & Others. By Region - North America, Europe, Asia Pacific, and LAMEA) – Global Industry Insights, Analysis, Trends, and Forecast 2022-2032

The global extruded plastics market was valued at $194 billion in 2021 and it is expected to reach $340.3 billion at a CAGR of 5.10% between 2022 and 2032. Plastics extrusion is a high manufacturing procedure where raw material such as a polymer is melted at a higher temperature and transformed into other products. Based on the die shape, different products can be produced by using various available extrusion processes such as tubing extrusion, blow film extrusion, sheet film extrusion, and over jacket extrusion.                 

By region, Asia-Pacific is dominating the extruded plastics market across the globe.

Based on type, the extruded plastic is segmented into low-density polyethylene, polypropylene, polyvinyl chloride, high-density polyethylene, and others. The low-density polyethylene segment dominated the market in 2015 due to the rising demand for flexible food packaging. Based on end-user, the market is segmented into packaging, building and construction, automotive, consumer goods, electrical and electronic, and others. Among these, the packaging segment is dominating the market over the past few years due to increasing demand for packaging in food and beverage industries, consumer goods service, and protection of several products during logistics. 

Source: SAI Research

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Based on regions, the extruded plastics market is segmented into Europe, North America, Asia-Pacific, Latin America, and Africa. Among these regions, Asia-Pacific has dominated the market over the past few years and the region is expected to hold its dominating position during the forecast period. Demand for extruded plastic is increasing in developing countries such as India, China, Japan, and South Korea, Indonesia among others, which is driving the market across the region. However, some countries such as Bangladesh, the UK, Taiwan, China, and others are focusing on banning the use of various extruded plastic products to maintain a better environment for the benefit of their consumers. Therefore, these decisions have set back some major manufacturing industries from making extruded plastics.  

Based on application, the extruded plastic market is segmented into pipes and tubing, wire insulation, windows and door profiles, films, and others. The film segment is dominating the market across the globe and it is expected to make a significant growth during the forecast period because the plastic-based film segment is widely used for packaging applications. Based on end-user, the market is segmented into building and construction, packaging, automotive, industrial, and others. Moreover, by end-user, the packaging end-user segment has dominated to market over a couple of years and it is projected to grow at a significant rate through forecast period from 2022 to 2032. However, the increasing demand for the packaging industry is the major growth driver of the global extruded plastics market due to the development of consumer products, and food and beverage industries around the globe.

According to the study, key players dominating in the extruded plastics market are The Dow Chemicals Company (U.S), SABIC Chemical Manufacturing Company (Saudi Arabia), DuPont Chemicals Company (U.S), Atlantis Plastics (U.S), China Plastic Extrusion Limited (China), GSH Manufacturing Industries (U.S), Petro Packaging Company (U.S), Lakeland Company (U.K), Saint Gobain Manufacturing Company (France) and others.                    

Scope of the Report:

The Global Extruded Plastics Market Has Been Segmented Into:

The Global Extruded Plastics Market – By Type:

• Low Density Polyethylene
• Polypropylene
• Polyvinyl Chloride
• High Density Ethylene
• Polystyrene
• And Others

The Global Extruded Plastics Market – By Applications:

• Pipes and Tubing
• Wire Insulation
• Windows and Door Profiles
• Films
• And Others

The Global Extruded Plastics Market – By End-User:

• Building and Construction
• Packaging
• Automotive
• Industrial
• And Others

The Global Extruded Plastics Market – By Regions:

North America

• U.S.
• Canada
• Mexico

Europe

• Germany
• France
• Italy
• U.K.
• Russia
• Rest of Europe Countries

Asia-Pacific

• India
• China
• Japan
• South Korea
• North Korea
• Rest of Asian Countries

LAMEA

• Brazil
• Saudi Arabia
• Rest of LAMEA