Press Release: March 25, 2020
The Global Extruded Plastics Market is expected to reach USD 328.70 billion by 2028, growing at a CAGR of 3.6% during the forecast period. The growing demand for extrudates from the construction industry is expected to propel the extruded plastics market during the forecast period.
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Companies Covered: The DOW Chemical Company, Sigma Plastics Group, ExxonMobil Chemical Company, Bemis Company Inc., SABIC, Chevron Phillips Chemical Company LLC, JM Eagle, Berry Plastics Corporation, Saint-Gobain S.A., E.I. Dupont De Nemours and Company, and Sealed Air Corporation
Improving living standards, dual-income families and growing disposable income are driving the growth of this market in developing countries. Rapid industrialization accompanied by improvements in infrastructure along with increasing demand for consumer products has created new opportunities and gateways.
Each section of the report provides critical information about the global extruded plastics market which could be used in the coming years to ensure strong growth. Our unique combination of primary and secondary research methods has helped us spot hidden business opportunities on the global extruded plastics market, in addition to collecting significant market participant’s perspectives and reliable market data.
This involves several research studies, such as cost analysis of manufacturing, absolute dollar profit, analysis of costs, profiling of firms, analysis of production and consumption, and market dynamics.
The global extruded plastics market size for each year of the forecast period is correctly calculated in terms of both revenue and volume. For the period 2020-2028, the study offers accurate price analysis by country, producer, the segment of each form, and global price analysis. It also offers price analysis by segment type and supplier for the 2020-2028 period.
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The study starts with a global market perspective for extruded plastics that includes key market trends and critical market statistics. This market research study also provides the market value of the major segments of the global extruded plastics market. QMI has found a comprehensive overview and global market description that helps readers better understand the core extruded plastics market information. It also highlights the exclusions and inclusions which help the client understand the extruded plastics market's reach.
The report provides a list of all the key players in the extruded plastics market along with a detailed analysis of the strategies that are being implemented by the companies. The approaches include mainly new product development, analysis, and development, and also provide revenue reports, business history, and recent company innovations to remain competitive in the marketplace.
Asia-Pacific emerged in 2018 as the fastest-growing region in the backdrop of high demand for extruded plastics from significant end-use sectors such as automobiles, building & construction, packaging, consumer goods. Rapid industrialization and urbanization combined with economic growth in this region have led to the growth of these end-use sectors, which are expected to spur the demand for extruded plastics in the coming years. India, Japan, South Korea, and Thailand are the main contributors to global extruded plastics market growth. Heavy manufacturing and sales of lightweight and fuel-efficient vehicles are a significant driver of the extruded plastics market in European nations such as Germany, the UK, France, and Russia. Furthermore, the presence of a massive medical base in the region is driving the growth of the market. Owing to industrialization in emerging countries such as Brazil and Chile, the RoW region market is anticipated to see significant growth. This has led to a rise in the number of construction activities that are supposed to fuel the region's product requirement over the forecast period. The infrastructure hub in the UAE and Saudi Arabia is expected to stimulate the Middle East demand for the extruded plastics market.
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