Global Extruded Plastic Market is projected to grow from 2017 to 2023

The report titled “Global Extruded Plastic Market – Forecasts from 2018 to 2023”, by Knowledge Sourcing Intelligence LLP, covers in-depth analysis of the global extruded plastic market on the basis of type, end-user industry, and geography. The report also covers the country level analysis within the regions as well. Additionally, the report covers the key trends in the market along with drivers and restraint during the forecast period 2018-2023. The report has segmented the extruded plastic market by type (polypropylene (PP), polyethylene (PE), polyvinyl chloride (PVC), others), end-user industry (construction, electronics, healthcare, food and beverages, aerospace, others), and geography (North America, South America, Europe, Middle East and Africa, Asia Pacific). Plastic extrusion is a process that creates two-dimensional shapes on length providing the three-dimension tubing, edging, molding fence, etc. It is a high-volume manufacturing process that melts and forms raw plastic into a continuous profile. In India, extrusion process accounts for approximately 60% of total consumption by downstream plastic processing industries (source: Federation of Indian Chambers of Commerce and Industry). These extruded products are widely used in industries such as construction, automotive, packaging, healthcare, etc. The market is expected to grow at a steady pace over the forecast period owing to the growing penetration of extruded plastics in healthcare and agriculture industries.

Request Sample: www.knowledge-sourcing.com/requestsample&sample_id=2331

Polypropylene plastic holds a significant share in the market

Polypropylene (PP) extrusions hold a significant share in the market as PP is a hugely versatile plastic due to low cost, durability, and excellent tolerance of both the chemical substances and high temperatures. Recyclability further adds to the growing demand for this plastic. The extruded products are widely used in food and non-food packaging, and automotive components.

Automotive Industry is expected to grow at a good rate over the forecast period

Automotive Industry is expected to grow at a good rate over the forecast period. The growth is attributed to the increasing demand for improved fuel efficiency and light weighing in automobiles. Plastic extrusions are used to protect the complex wiring harnesses used in today’s advanced vehicle designs. Thus, manufacturers are increasingly opting extrusions for thermoplastic as polypropylene, polyethylene, and others for designing automotive parts.

The Asia Pacific is expected to lead the extruded plastics market over the forecast period.

The Asia Pacific extruded plastic market is expected to grow at a good rate owing to the growing automotive and packaging industry in the region. Rising disposable income is playing a major role in increasing demand for a number of products that are boosting the packaging industry. Burgeoning construction activities in this region will further fuel the demand for extruded plastic products in the region.

Some of the major players discussed in the reports are SABIC, DowDuPont, Bemis Company, Inc., Condale Plastics Ltd., Blackwell Plastics, Sigma Plastics Group, HPE Plastic Extrusion Solutions, Precision Castparts Corp., and Chevron Philips Chemical Company.

Request customization or place an order: www.knowledge-sourcing.com/global-extruded-plastic-market

About Us:
Knowledge Sourcing Intelligence (KSI) is a market research and consulting organization based out of India. KSI publishes research studies spanning across ten industry verticals. KSI has a team of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports per year centering on niche and latest technologies. We engage with key decision makers and stakeholders across the value chain to provide clients with a detailed analysis and bird’s-eye view of the market with whole market dynamics, statistical forecasts, competitive analysis, key trends, market drivers and challenges and strategic recommendations for making informed decisions. Our success lies in the effort of our analysts who strive to meet client expectations by delivering quality work within the stipulated deadlines.

Contact:
Knowledge Sourcing Intelligence LLP
2nd Floor, D-77, Sector 63
Noida, U.P. - 201301
India
E: sales@knowledge-sourcing.com | P: +1-866-714-4587

This release was published on openPR.