Extruded Plastics Market to Garner $289.2 Billion, Globally, By 2030 at 4.6% CAGR, Says Allied Market Research
Rise in demand from building & construction industry and escalating demand from the packaging sector drive the growth of the global extruded plastics market.
PORTLAND, Ore., Feb. 17, 2022 /PRNewswire/ -- Allied Market Research published a report, titled, "Extruded Plastics Market by material type (Polyethylene, Polypropylene, Polyvinyl Chloride, Polystyrene, and Others), Application (Pipes & Tubing, Wire Insulation, Window & Door Profiles, Films, and Others), and End Use (Building & Construction, Packaging, Automotive, Industrial, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030." According to the report published by Allied Market Research, the global extruded plastics industry was estimated at $185.6 billion in 2020 and is expected to hit $289.2 billion by 2030, registering a CAGR of 4.6% from 2021 to 2030.
Drivers, restraints, and opportunities-
Rise in demand from the building & construction industry andescalating demand from the packaging sector drive the growth of the global extruded plastics market. On the other hand, environmental & health issues associated with the use of extruded plastics impede the growth to some extent. However, lower pricing due to availability of feedstock at reduced pricesis anticipated to create lucrative opportunities in the industry.
Request PDF Brochure: https://www.alliedmarketresearch.com/request-sample/12172
COVID-19 scenario-
- Extruded plastics are primarily used in packaging, building & construction, automotive, and electrical & electronics industries. The end-use industries were primarily affected during the initial phase of the pandemic, which negatively affected the market.
- The disrupted supply chain and shut down of several electronics companies affected the market growth.
The polyethylene segment to retain the lion's share-
By material type, the polyethylene segment held the major share in 2020, garnering nearly one-third of the global extruded plastics market, and is anticipatedto maintain the lion's share throughout the forecast period. This is owing to the increase in demand for the manufacturing of needle sheaths, tubes, and other healthcare products. The polypropylene segment, on the other hand, is projected to cite the fastest CAGR of 5.2% throughout the forecast period. The increase in demand for the manufacturing of food-grade tubes due to rise in demand for packed food & beverage items drives the growth of the segment.The report also includes the analysis of polyvinyl chloride and polystyrene segments.
Get Detailed COVID-19 Impact Analysis on the Extruded Plastics Market @ https://www.alliedmarketresearch.com/request-for-customization/12172?reqfor=covid
The films segment to dominate by 2030
By application, the films segment accounted for more than one-third of the global extruded plastics market share in 2020, and is anticipated to retain its dominance throughout the forecast period. This is because the majority of the consumer base has started preferring packed food items due to increasing disposable income and busy schedule. The windows and doors profile segment, however, would showcase the fastest CAGR of 5.2% by 2030. Increase in the building and construction sector drives the growth of the segment.
Asia-Pacific to continue its dominance through 2030
By geography, Asia-Pacific garnered the major share in 2020, contributing to more than two-fifths of the global extruded plastics market, owing to the increase in automobiles, electronics, aerospace, medicalproducts among the population in the Asia-Pacific region. Moreover, it is projected to grow at the highest CAGR of 5.4% from 2021 to 2030. The research also includes Europe, North America, and LAMEA regions.
Leading Market Players
- China Plastic Extrusion Ltd.
- Atlantis Plastics, Inc.
- GSH Industries
- Crescent Plastics Incorporated
- Lakeland Plastics, Inc.
- Saint Gobain
- Keller Plastics Inc.
- Petro Packaging Company, IncPexco LLC
- Nenplas Limited
Interested in Procuring This Report? Visit Here:
https://www.alliedmarketresearch.com/extruded-plastics-market/purchase-options
Avenue Basic Plan | Library Access | 1 Year Subscription |
Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.
Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenueTrial
Get more information: https://www.alliedmarketresearch.com/library-access
Similar Reports:
Medical Plastics Market: Opportunity Analysis and Industry Forecast, 2020–2027
Aerospace Plastics Market: Global Opportunity Analysis and Industry Forecast, 2019–2026
Engineering Plastics Market: Global Opportunity Analysis and Industry Forecast, 2014-2022
About Us:
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.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. 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.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
[email protected]
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter
SOURCE Allied Market Research
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article