Extruded Plastics Market Size By Type, By End-User, By Geographic Scope And Forecast
Extruded Plastics Market Size And Forecast
Extruded Plastics Market was valued at USD 194.95 Billion in 2019 and is projected to reach USD 262.83 Billion by 2027, growing at a CAGR of 3.8% from 2020 to 2027.
Global Extruded Plastics Market Outlook
The growth of the global market is primarily driven by the significant demand for extruded plastics products in the packaging industry. Another major driver of the global extruded plastics market is their use in construction for cladding panels, cables, pipes, windows, and insulation materials, among others.
The rising investment in the infrastructural development across the developed as well as the developing regions is projected to increase the number of construction activities across the globe, which will drive the demand for extruded plastics in coming years. Manufacturers are focused on strategic growth initiatives such as expansions and acquisition & merger to strengthen their position as well as to meet the rising demand for the product. The costs associated may restrain the market in the forecast period. Also the market concentration in regions like the Asia-pacific restraints the market expansion into regions like the Middle East and Africa.
Global Extruded Plastics Market Competitive Landscape
The Global Extruded Plastics Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Formosa Plastics Group, SABIC (Saudi Arabia Basic Industries Corporation), Sigma Plastics Group, JM Eagle, Sealed Air Corporation, Berry Plastics Corporation, E. I. Du Pont De Nemours and Company, AEP Industries Inc., The DOW Chemical Company, and Chevron Phillips Chemical Company LLC.
Verified Market Research has been providing Research Reports, with up to date information, and in-depth analysis, for several years now, to individuals and companies alike that are looking for accurate Research Data. It has large database which includes the latest content from renowned authors and publications worldwide. It also provides customized Data and Reports according to the need of the client.