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Extruded Plastics Market Size

Report ID: GMI6630
Published Date: Sep 2023
Report Format: PDF

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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.

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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.

Extruded Plastics Market Report Attributes
Report Attribute	Details
Base Year:	2022
Extruded Plastics Market Size in 2022:	USD 230 Million
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	3.8%
2032 Value Projection:	USD 333.9 Million
Historical Data for:	2018 to 2022
No. of Pages:	150
Tables, Charts & Figures:	191
Segments covered:	Type, Application, End-use, Region
Growth Drivers:	Growing packaging industry Expanding automotive industry Increasing electronics industry
Pitfalls & Challenges:	Environmental concerns Sustainability Pressure Regulation and Compliance

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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.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The global market for extruded plastics was valued at around USD 230 million in 2022 and is estimated to reach USD 333.9 million by 2032, backed by the expansion of urban areas and rising number of infrastructure projects.

Polyethylene segment accounted for a market value of USD 55.8 million in 2022 as PE is widely used in packaging due to its flexibility, durability, and cost-effectiveness.

The U.S. market was worth USD 43.9 million in 2022 and is anticipated to expand at a significant pace from 2023-2032, owing to the ongoing urbanization and population growth that drive product demand in construction projects.

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 among others.