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Extruded Plastics Market Trends

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

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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.

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.