The Extruded Plastics Global Market Report 2023 by The Business Research Company, provides extruded plastics market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Extruded Plastics Global Market Report 2023, the market size is expected to grow from the global extruded plastics market size grew from $222.02 billion in 2022 to $237.04 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The market size of global extruded plastics is expected to grow to $289.78 billion in 2027 at a CAGR of 5.2%.
The rise of the packaging industry is significantly contributing to the growth of the extruded plastics market going forward. Packaging refers to enclosing or protecting products for distribution, storage, sale, and use. Extruded plastics are helpful in creating highly durable and effective packaging solutions. As a result, the rise of the packaging industry increases the demand for the extruded plastics market.
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The extruded plastics market is segmented:
1) By Type: Low Density Polyethylene, High Density Polyethylene, Polypropylene, Polystyrene, Polyvinyl Chloride, Other Types
2) By Form: Films, Pipes, Sheets, Tubes, Wires and Cables
3) By End-User: Packaging, Building and Construction, Automotive, Consumer Goods, Electrical and Electronics, Other End Users
Technological advancements have emerged as a key trend gaining popularity in the extruded plastics market. Major companies operating in the extruded plastics sector are focused on developing technologically advanced products to reinforce their position. For instance, in April 2021, Sulzer Chemtech, a Switzerland-based manufacturer of products and services for polymer production, and plastics processing, and Borealis, an Austria-based chemicals and fertilizer company, introduced a new PP foam extrusion technology with the goal of increasing efficiency and lowering costs. This innovative PP foam extrusion method offers lower prices and better efficiency across the value chain, supports end-market initiatives toward more circular solutions, and is predicted to reduce production costs by up to 60%.
The extruded plastics market report table of contents includes:
1. Executive Summary
2. Extruded Plastics Market Characteristics
3. Extruded Plastics Market Trends And Strategies
4. Extruded Plastics Forwarding Market – Macro Economic Scenario
5. Extruded Plastics Market Size And Growth
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26. Africa Extruded Plastics Market
27. Extruded Plastics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Extruded Plastics Market
29. Extruded Plastics Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
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