Overview and Scope
Extrusion sheet is a technique to create flat material sheets of consistent thickness and width from various resins. The objective of sheet extrusion is to use heat and pressure to convert thermoplastic polymers, usually in pellet form, roll, or sheet material. This process is commonly used for aluminum or plastic materials to form sheets.
Sizing and Forecast
The extrusion sheet market size has grown strongly in recent years. It will grow from $114.54 billion in 2023 to $122.13 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to growing demand in packaging industry, industrial expansion and construction, automotive sector growth, renewable energy projects, consumer electronics industry demand.
The extrusion sheet market size is expected to see strong growth in the next few years. It will grow to $158.67 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to increased emphasis on lightweight materials, rise in construction and infrastructure development, electrification of vehicles, global focus on renewable energy, customization and tailored solutions. Major trends in the forecast period include advancements in manufacturing technologies, advancements in material technology, bio-based and biodegradable materials, circular economy practices, digitalization of manufacturing processes.
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Segmentation & Regional Insights
The extrusion sheet market covered in this report is segmented –
1) By Type: Polypropylene, Low Density Polyethylene (LDPE), Polycarbonate, High Density Polyethylene (HDPE), Polystyrene, Acrylate, Polyethylene, Other Types
2) By Structure: Corrugated, Solid And Textured, Hollow, Multiwall, Other Structures
3) By Material Source: Virgin, Recycled
4) By Process Type: Coextrusion, Thermoforming
5) By Industry Vertical: Packaging, Medical Devices, Consumer Electronics, Automotive, Construction, Other Industry Verticals
Asia-Pacific was the largest region in the extrusion sheet market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the extrusion sheet market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing food and beverages industry is expected to boost the extrusion sheet market. The food and beverage industry includes any business involved in transforming raw agricultural goods into consumer food items. The benefit of extrusion sheets for the food and beverage industry is their ability to provide versatile, lightweight, and customizable solutions for packaging applications, ensuring product protection and efficient transport. The increasing consumption of food and beverages contributes to the extrusion market’s growth. For instance, in April 2022, per the report published by Common Thread Collective, a US-based e-commerce growth agency, food and beverage sales that require packaging materials are expected to be $435.3 billion in 2021, $506.3 billion in 2022, and $856.9 billion by 2025. Therefore, the increasing consumption in the packaging industry will drive the future extrusion sheet.
Key Industry Players
Major companies operating in the extrusion sheet market report are Saudi Basic Industries Corp,Evonik Industries AG, Covestro AG, DS Smith plc, Owens Corning, Kaneka Corporation, Inteplast Group Corporation, Hitachi Zosen Corporation, Serafin Group Limited, Formosa Plastics Corporation, Ensinger GmbH, MDI Inc., Simona AG, Primex Plastics Corporation, Plaskolite LLC, Brett Martin Limited, Palram Industries Ltd., Arla Plast AB., Danpal, Westlake Plastics Company, AGRU Kunststofftechnik GmbH, Zylog Plastalloys Private Limited, Karton S.p.A., Corex Plastics Pty. Ltd., Wellplast AB, Extrutech Plastics Inc., Matra Plast Inc., Gallina USA LLC
The extrusion sheet market report table of contents includes:
1. Executive Summary
2. Extrusion Sheet Market Characteristics
3. Extrusion Sheet Market Trends And Strategies
4. Extrusion Sheet Market – Macro Economic Scenario
5. Global Extrusion Sheet Market Size and Growth
….
32. Global Extrusion Sheet Market Competitive Benchmarking
33. Global Extrusion Sheet Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Extrusion Sheet Market
35. Extrusion Sheet Market Future Outlook and Potential Analysis
36. Appendix
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