Extruded Plastics Market Size - By Type (Polyethylene, Polypropylene, Polyvinyl Chloride, Polystyrene, Polycarbonate), By Application, By End-use & Global Forecast, 2023 – 2032

Extruded Plastics Market Size

Extruded Plastics Market size was valued at around USD 230 million in 2022 and is estimated to reach USD 333.9 million by 2032. The evolution of urban areas and infrastructure projects drives the demand for extruded plastics in construction applications such as pipes, windows, doors, and roofing materials. The industrial sector requires extruded plastics for applications such as machine components, conveyor belts, packaging, and more.
 

The automotive industry uses extruded plastics in various parts including interior trims, bumpers, dashboards, and under-the-hood components to reduce weight, improve fuel efficiency, and enhance aesthetics. Extruded plastics are used in manufacturing consumer goods such as toys, appliances, electronics casings, and household items.
 

Plastics, including extruded plastics, are often criticized for their environmental impact due to issues like plastic pollution. Increasing awareness about environmental sustainability and demand for eco-friendly materials drive the need for biodegradable, recyclable, and bio-based extruded plastics. Evolving regulations related to plastic production, use, and disposal can impact the extruded plastics industry.
 

COVID-19 Impact

The pandemic led to decreased consumer spending and disruptions in various industries, such as automotive, construction, and manufacturing. This resulted in reduced demand for extruded plastics products. Thus, the reduced number of COVID-19 cases and implementation of subsequent strategies by government and non-government organizations is anticipated to drive the extruded plastics industry gains in the upcoming years.
 

Extruded Plastics Market Trends

The growing emphasis on sustainability and environmental concerns has led to increased research and development of biodegradable and eco-friendly extruded plastics. Consumers and industries are seeking alternatives to traditional plastics to reduce their environmental impact. Many players in the extruded plastics industry are focusing on circular economy principles, which involve designing products for easy recycling, reusing materials, and reducing waste. This includes the use of recycled plastics in extrusion processes.
 

Extruded Plastics Market Analysis

Based on type, the extruded plastics market is segmented as polyethylene, polypropylene, polyvinyl chloride, polystyrene, polycarbonate, others. Polyethylene held a majority industry value of USD 55.8 million in 2022. PE is widely used in packaging due to its flexibility, durability, and cost-effectiveness. PE is used in various consumer goods such as bottles, containers, and toys.  
 

Based on application, the extruded plastics market is segmented as profiles, pipes and tubes, sheets and films, cables and wires, filaments, others. Profiles held a dominant industry share of around 35.1% in 2022. Profiles and shapes are used for window frames, door frames, trims, and other architectural elements.
 

Based on end-use the extruded plastics market is segmented as packaging, construction, automotive, electronics, consumer goods, others. Packaging held segment is anticipated to grow at 3.4% CAGR by 2032. The need for lightweight, durable, and cost-effective packaging materials for a wide range of products.
 

U.S. dominated the North American region with majority extruded plastics market share and a revenue of USD 43.9 million in 2022. The ongoing urbanization and population growth in North America drive the demand for extruded plastics in construction projects, including residential, commercial, and infrastructure development.
 

Extruded Plastics Market Share

Some of the major extruded plastics market players operating in the Extruded plastics industry are:

• BASF SE
•  Dow Inc
•  LyondellBasell Industries N.V.
•  SABIC
•  ExxonMobil Corporation
•  INEOS Group Holdings S.A
•  Formosa Plastics Corporation
•  Mitsubishi Chemical Holdings Corporation
•  TotalEnergies SE
•  Lanxess AG
•  Covestro AG
•  Eastman Chemical Company
•  Celanese Corporation
•  Solvay S.A
• Teijin Limited .
   

Extruded Plastics Industry News:

• In 2021, Tekni-Plex Healthcare has announced the acquisition of Johnson Plastic Group (JPG), a precision extrusion manufacturer, as a fraction of a plan to grow the company's patient care solutions platform.
   

Extruded plastics market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Units from 2018 to 2032, for the following segments:

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By Type

• Polyethylene
• Polypropylene
• Polyvinyl Chloride
• Polystyrene
• Polycarbonate
• Others

By Application

• Profiles
• Pipes and Tubes
• Sheets and Films
• Cables and Wires
• Filaments
• Others

By End-use

• Packaging
• Construction
• Automotive
• Electronics
• Consumer Goods
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Indonesia
  • Malaysia 
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Egypt