Extruded Plastics Market

The report "Extruded Plastics Market by Type (LDPE, HDPE, Polypropylene, Polystyrene, PVC), End User (Packaging, Building & Construction, Automotive, Consumer Goods, Electrical & Electronics), Region - Global Forecasts to 2026", The extruded plastics market is projected to grow from USD 184.34 Billion in 2016 to USD 291.74 Billion by 2026, at a CAGR of 4.7% from 2016 to 2026.

Browse 72 market data tables and 89 figures spread through 191 pages and in-depth TOC on “Extruded Plastics Market by Type (LDPE, HDPE, Polypropylene, Polystyrene, PVC), End User (Packaging, Building & Construction, Automotive, Consumer Goods, Electrical & Electronics), Region - Global Forecasts to 2026" https://www.marketsandmarkets.com/Market-Reports/extruded-plastic-market-44575577.html Early buyers will receive 10% customization on this report.

Major growth drivers for the market include low feedstock and energy prices, and increasing demand for extruded plastics from the construction industry. In addition, rising demand from emerging countries in the Asia-Pacific region is expected to drive the extruded plastics market.

Based on type, the low density polyethylene segment is expected to lead the extruded plastics market during the forecast period Based on type, the low density polyethylene segment dominated the extruded plastics market in 2015. This growth can be attributed to the rising demand for flexible plastics packaging in food & beverage products, as it is a food grade material. Low density polyethylene is among the most versatile flexible packaging materials that can be formulated for various packaging applications such as bags, pouches, and wraps. This thermoplastic polymer has low tensile strength with good chemical resistance to acids, bases, and alcohols, among others. Owing to its chemical characteristics, recyclability, and reusability, this thermoplastic polymer is steadily replacing traditional plastic packaging components, especially in flexible packaging products such as bags and food containers. Low density polyethylene is widely used in various applications in packaging, automotive, medical, agriculture, and other industries. Recyclability and reusability are the key characteristics of this thermoplastic polymer.

Extruded plastics are widely used in the packaging industry Based on end user, the packaging segment dominated the extruded plastics market in 2015. This growth can be attributed to the rising demand for packaging products from the Asia-Pacific region, along with the global demand for packaging from the e-commerce industry, especially during transit of products. Extruded plastics in packaging are used in wraps, clamshells, containers, and bottles, among others. The demand from food & beverage and consumer goods industries is expected to fuel the demand for extruded plastics, as they are widely used for aesthetical and protective packaging.

Asia-Pacific is the largest market for extruded plastics The Asia-Pacific region was the largest market for extruded plastics in 2015 and is expected to continue its dominance in the coming years. This region is witnessing significant demand for extruded plastics from various end-use industries such as packaging, building & construction, and consumer goods. Continuous rise in industrial activities such as manufacturing and infrastructure, and economic development are fueling the growth of the extruded plastics market in the region. Furthermore, increasing demand for high-quality products, rising population, and growing end-use industries have led to the increased demand for extruded plastics in the region.

Emerging countries of the Asia-Pacific region such as China and India have witnessed significant demand for plastic extrudates. Advent of domestic players for raw materials and extrudate’s is also expected to drive the extruded plastics market in the region.

Key players in the extruded plastics market are The DOW Chemical Company (U.S.), Sigma Plastics Group (U.S.), ExxonMobil Chemical Company (U.S.), Bemis Company Inc. (U.S.), SABIC (Saudi Arabia), Chevron Phillips Chemical Company LLC (U.S.), JM Eagle (U.S.), Berry Plastics Corporation (U.S.), Saint-Gobain S.A. (France), E.I. Dupont De Nemours and Company (U.S.), and Sealed Air Corporation (U.S.), among others.

About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.

Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit

more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: 1-888-600-6441 sales@marketsandmarkets.com Research Insights: https://www.marketsandmarkets.com/ResearchInsight/extruded-plasticmarket.asp