Extruded Plastics Market 2020- Size, Share, and Forecast (2020-2025)Posted by Mangesh Mahajan on March 26th, 2020 Market Highlights Global Extruded Plastics Market is expected to increase by the USD of 280 billion by the end of 2022. The Global 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. Based on type global 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. Based on end-user industries which are boosting the growth of 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. Companies such as AEP Industries Inc., Arkema S.A., Bemis Company, Inc., Berry Plastics Corporation and Chevron Phillips Chemical Company have implemented acquisition and expansion of business strategies to increase their geographical presence. Few global players have invested in R&D amenities to discover advanced and innovative folic products which has higher efficacy and is easy to use. Segmentation Analysis: The Global Extruded Plastics Market is majorly segmented on the basis of type and by end-user. Based on type the market is segmented into low density polyethylene, high density polyethylene, styrene, and others. Further on the basis of end-user the market is classified into packaging, building&constructions, automotive, consumer goods, and others. Global Extruded Plastics Market Players:
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