Extruded Plastics Market Large-Scale to Expected to grow at USD 280 Billion
Posted by Moin Patni on July 26th, 2018
Extruded Plastics Market
Extruded Plastics Market Synopsis: Extruded Plastics Market is expected to grow at USD 280 billion in 2022 with the CAGR of 4.9% from 2016 to 2022.
Extruded Plastics is growing rapidly due to its wide application in industries like electrical & electronic, automobile and consumer goods. Drivers of this market are low feedstock and rise in energy price that tends to reduce the overall cost of extrudes. In-addition to this an innovation in extruded plastics utilized in medical and agriculture market will further fuel the growth of this market. The styrene segment is expected to grow at the CAGR during the forecast period. Low thermal conductivity and poor resistance to oxygen and moisture make this resin a suitable material to be used in food packaging products. In addition, styrene is an inexpensive thermoplastic resin used in appliances, toys, construction applications and others. Styrene finds applications in food and non-food packaging as well as in consumer products such as frames, cable ducts, tubes and others.
Extruded Plastics Market has been segmented into packaging, building & constructions, automotive, consumer goods, and others. Building & constructions segment is expected to grow at highest rate during the forecasted period. The packaging industry is expected to grow maximum at the CAGR in future. The rise in demand for extruded plastics is due to technological advancement in electronics goods.
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Extruded Plastics Market Trend Influence: Extruded Plastics Market has been segmented into low density polyethylene, high density polyethylene, styrene, and others. Styrene is expected to grow at the CAGR during the forecasted period. Low density polyethylene segment dominated the market in 2015 as it one of the most versatile flexible packing materials that can be formulated for several packaging applications.
Extruded Plastics Market has been evaluated to be rapidly growing and is expected to grow tremendously. Benefits like low thermal conductivity and poor resistance to oxygen and moisture make this resin a suitable material to be used in packaging of food products which has increased its market globally. With numerous usage of extruded plastics, the global extruded plastics market is expected to increase in future. Moreover, increasing demand in construction industry owing to the rising surge for plastics is another factor that drives the global extruded plastics market growth over the forecasted period 2022.
Extruded Plastics to be utilized in medical and agriculture market will fuel this market. The polystyrene segment is expected to grow tremendously at the CAGR during the forecast period. Low thermal conductivity and poor resistance to oxygen and moisture make this resin a suitable material to be used in packaging of food products. In addition to this, polystyrene is an inexpensive thermoplastic resin to be used in, toys, construction and others. Polystyrene finds applications in food/non-food packaging, and in consumer products such as frames, cable ducts, tubes, sale displays/signage, containers, bottles, trays, tumblers, disposable cutlery and others.
Extruded Plastics Market is in Asia-Pacific followed by U.S. in North America which shows a remarkable growth of the extruded plastics market due to the growing automobile sector there. Europe show a stable growth due to recent economic crises in Western Europe.
Extruded Plastics Market Key Players: Extruded Plastics Market are AEP Industries Inc., Arkema S.A., Bemis Company, Inc., Berry Plastics Corporation, Chevron Phillips Chemical Company, The DOW Chemical Company, E. I. Du Pont De Nemours and Company, Engineered Profiles LLC, Sigma Plastics Group and Saint-Gobain S.A.
Extruded Plastics Market Uses: Extrusion Plastics is the packaging industry. The packaging segment includes mainly includes films, bags & sacks, shrink and stretch films. The packaging segment films includes the majority of films used for foodstuffs, but also films for non-food applications such as packaging for cosmetics, hygiene products, textiles, stationary, and among many others. The market for packaging films profits especially from a persistent trend towards flexible packaging solutions in many segments. In-addition to a reduction of weight and resource consumption. A trend towards smaller package sizes and a growing market for flexible packaging in the sectors hygiene and pharmaceuticals will nonetheless result in growth in the upcoming years as well.
Extruded Plastics Market Regional Analysis: Asia Pacific region is expected to maintain its dominance in the global market of extruded plastic. Emerging markets of China, Japan and India are expected to boost the Asia Pacific folic acid market. Other emerging markets are North America, Europe and Middle East countries. Asia Pacific has the largest market share of global folic acid, followed by Europe and other parts of the world.
Extruded Plastics is in Asia-Pacific owing to the growth of electrical, construction and automobile industry. Rapid industrialization in countries like China, India and Mexico contribute further in the growth of this market. Moreover, low thermal conductivity and poor resistance to oxygen and moisture make this resin a suitable material to be used in food packaging products particularly in China, India and japan which will further drive this market in the coming years. Robust growth of plastic and automotive industries in Asia-Pacific is expected to be largest consumer of extruded plastics market. It is seen that North America is the second largest consumer of extruded plastics due to the changing trends in the automobile industry there.
This study was conducted by combining primary and secondary information including inputs from key participants of the industry. The report contains detail about the market as well as vendors of the same including vendors currently present along with SWOT analysis of key vendors.
Extruded Plastics Market Reasons to buy: •This report includes an in-depth study analysis of extruded plastics market
•It covers market segmentation by type and by end-user.
•It helps in identifying region wise major suppliers and understanding consumption patterns.
•The report will provide useful and premium insights that will support in investments in extruded plastics and allied companies by providing detail on the fast growing segments and regions.
•In addition, it will provide key findings that will help companies to improve profitability by using supply chain strategies and method of cost effectiveness of various products mentioned in the report.
•The data used in the report is primarily based on primary interviews with major producing companies and industry experts which are supported by authentic industry data from secondary sources.
Extruded Plastics Market Table of Content:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat of New Entrants
4.1.2 Bargaining Power of Buyers
4.1.3 Threat of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain of Global Extruded Plastics Market
5 Industry Overview of Global Extruded Plastics Market
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
5.5 Impact Analysis
Extruded Plastics Market Table of Content to be Continue……,
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About the AuthorMoin Patni
Joined: February 20th, 2018
Articles Posted: 412
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