Extruded Plastics Market Size, Share, and Industry Analysis, By Material (Polyethylene, Polypropylene, Polyvinyl Chloride, Polystyrene, and Others), By End User (Packaging, Building & Construction, Automotive, Consumer Goods, Electrical & Electronics, and Others), and Regional Forecast, 2024-2032

The polyethylene segment primarily drives the extruded plastics market. Polyethylene is the most commonly used plastic and has extensive demand in industries such as packaging, building & construction, automotive, consumer goods, electrical & electronics, among others. The products available in various densities, such as low-density polyethylene (LDPE) and high-density polyethylene (HDPE), each offer different market needs. Polyethylene offers various properties such as durability, flexibility, cost-effectiveness, and moisture resistance.

• China is the major consumer of PE and the dominant region, which plays a significant role in shaping global PE supply in 2023. China registered 33% of global demand in 2022, a growth from 12% in 2000.

The polypropylene segment also plays a significant role in the extruded plastics market. Polypropylene has smooth adaptability properties in various processing techniques, including extrusion, which offers extensive application in various industries. Polypropylene offers good chemical resistance and mechanical properties, which makes it an ideal choice for a wide range of applications such as packaging, automotive, and more. The product's durability under various environmental conditions also contributes to its widespread use.

Plastic extrusion is a process that allows for a wide range of sizes and shapes, making extruded plastics versatile for numerous applications such as tubing, pipes, weather stripping, window frames, and plastic sheeting. Extruded plastics offer versatility and cost-effectiveness therefore, it has increasing demand in industries such as packaging, construction, and automotive.

• In 2022, Asia Pacific dominated the extruded plastics market with approximately a 45% share.

The major extruded plastics market consumers by region are China, Japan, and India in Asia Pacific; the U.S. & Canada in North America; Germany and France in Europe; and Saudi Arabia and UAE in the Middle East.

• China consumed 45% of the Asia Pacific Extruded Plastics market demand in the year 2022.


• As per Plastics Europe, China’s share of global plastics production continues to grow (reaching 32% in 2021).

Segmentation

Key Insights

The report covers the following key insights:

• Key Emerging Trends – For Major Regions


• Key Developments: Mergers, Acquisitions, and Partnerships


• Latest Technological Advancements


• Insights on Sustainability


• Porter’s Five Forces Analysis


• Impact of COVID-19 on the Market

Analysis by Material

By material, the market is segmented into polyethylene, polypropylene, polyvinyl chloride, polystyrene, and others. The polyvinyl chloride segment holds a significant share of the global extruded plastics market.

• PVC can be compounded with various additives to enhance its impact flexibility and heat resistance, further widening its application range. The PVC material is also used in the production of medical devices, electrical conduits, and as insulation on electrical wiring due to its electrical insulation properties.


• PVC is a thermoplastic polymer that can be softened by heating; after that, it is molded into different shapes, making it ideal for extrusion processes.

Analysis by End User

By end user, the market is segmented into packaging, building & construction, automotive, consumer goods, electrical & electronics, and others. The packaging segment holds a dominating share of the global extruded plastics market.

• The packaging segment registers a dominating share in the market during the forecast period. The dominance is due to the increasing adoption of extruded plastics in packaging materials for oil, food, beverage, and other products. Also, online retail and the rise of e-commerce have further driven the demand for extruded plastic packaging, as secure and effective packaging is essential to protect goods during transit, especially in the growing online shopping sector.

Regional Analysis

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The global market is geographically segmented into North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. Asia Pacific holds a considerable share of the extruded plastics market. The packaging sector in the Asia Pacific region is expanding rapidly, driven by rising income, urbanization, and increased trade activity. Increasing investment in R&D, manufacturing activities, and the emergence of domestic manufacturers are propelling the regional demand in the market. Developing countries such as China, Japan, India, and Indonesia also fuel the demand in the Asia Pacific market growth.

Global Plastic Production 2021

• In 2021, 90.2% of the global plastics production was fossil-based. Bio-based/bio-attributed plastics and post-consumer recycled plastics, respectively, accounted for 1.5% and 8.3% of the World plastics production.

Key Players Covered

The report includes the profiles of key players, such as Tekni-Plex, Inc., Apex Plastics, Saint-Gobain, Amcor plc, Berry Global Inc., Sigma Plastics Group, Chevron Phillips Chemical Company LLC, and DuPont.

Key Industry Developments

• In October 2021, Tekni-Plex Healthcare acquired Johnson Plastic Group (JPG) as a part of a strategy to expand the company’s patient care solutions platform. The acquired company is a precision extrusion manufacturer. With this acquisition, the company will increase its market footprint in the extruded plastic market.