2017 - 2024 Extruded Plastics Market, Industry Analysis

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Extruded Plastics Market Extruded Plastics Market
Share and Forecast 2016-2024
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Global Market Scenario of Extruded Plastics
Industry

• Global Extruded Plastics Market size was valued
  at USD 182 billion in 2015 and may exceed USD 290
  billion in 2024, registering a moderate CAGR of
  4.5 in the forecast period.
• Extruded plastics are basically plastics of
  different shapes and sizes, taken through the
  extrusion process, where in they are forcibly
  pushed through a tool that imparts them a shape
  and form.
• The prime growth driver for extruded plastics
  market is the increasing demand from the
  packaging industry due to the developments in
  food beverage and consumer products segment
  throughout the world.
• The rise in infrastructural needs of nations is
  fueling the product demand in construction and
  building materials industry.

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• Product Analysis-
• The extruded plastics market, based on its types,
  can be segmented into categories such as
  Low-Density Polyethylene (LDPE), High-Density
  Polyethylene (HDPE), Polypropylene, Polystyrene
  and Polyvinyl Chloride (PVC). LDPE was the
  dominant segment in the global extruded plastics
  market in 2015.
• It has wide usage in particularly film
  application in both non-packaging (garbage bags,
  waste bin liners, industrial sheeting and
  construction agricultural coating) and
  packaging (produce bags and bakery films)
  segments.It
• The major and prominent end-users in the product
  market are food beverage, protective packaging,
  building construction, automotive, power
  lighting, electrical electronics and medical
  pharmaceutical industries.
• Extruded plastics are used in manufacturing of
  packaging materials such as wraps, containers,
  bottles, clamshells and food baked goods bags
  which are used in food beverage industry on a
  large scale

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Regional Trends-

• Asia-Pacific region dominated the global extruded
  plastics market in 2015. The product market is
  likely to show significant growth in
  Asia-Pacific, particularly in India, China and
  Japan, owing to the fast-paced industrialization,
  elevating infrastructural standards and
  e-commerce boom in this region.
• The global demand for packaging from e-commerce
  segment for goods handling, when in transit, has
  accelerated the extruded plastics market growth.
• Competitors Market Share
• The key players in the extruded plastics market
  are Sigma Plastics Group, The Dow Chemical
  Company, Chevron Philips Chemical Company,
  ExxonMobil Chemical Company, Berry Plastics
  Corporation, SABIC, JM Eagle and Saint Gobain
  S.A. Other predominant companies include E.I
  Dupont De Nemours and Company, Bemis Company
  Incorporated and Sealed Air Corporation.

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