Extrusion Molding Plastics Market to be Dominated by Packaging Segment Through 2028
Growing demand from the
packaging industry and recycled polymer material will drive Extrusion Molding
Plastics Market in the forecast period 2024-2028.
According to TechSci Research
report, “Extrusion Molding
Plastics Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast, 2018-2028”, the Global Extrusion Molding Plastics Market is projected to
grow at an impressive rate through 2028. Due to the diverse
applications of polymeric materials, extrusion is used for production fences, deck railings, window
frames, pipe and tubing, weatherstripping, and plastic films and sheets. Extrusion
has the massive advantage of enabling the production of profiles like pipes of any
length. Long pipes can be made by coiling the material on a reel if it is
sufficiently flexible. There are extra advantages to pipes that include
integrated couplers with rubber seals.
Materials used in extrusion
are high-density polyethylene, low-density polyethylene, polypropylene, polyvinyl
chloride, polystyrene, polycarbonate, acetal, acrylic, and acrylonitrile butadiene
styrene. These polymeric materials are substitutes for metals for industrial
use, industries where extruded plastic has replaced metals in packaging, consumer
goods, electrical and electronics, automotive, and building & construction.
In the coming era, electric vehicles are going to play a crucial role in
sustainable development, as plastic is both an insulator and a conductor of
electricity. As a result, it has special functions in batteries, alternative
drivetrains, and propulsion. There is increasing pressure on the world stage to
continue cutting greenhouse gas (GHG) emissions. Plastics can help electric
vehicles have longer operating ranges by reducing weight.
Browse over XX market
data Figures spread through XX Pages and an in-depth TOC on "Global Extrusion Molding Plastics Market"
Global
Extrusion Molding Plastics Market is segmented based on material and end user,
region and competitive landscape. Based on the Material, the market is divided
into high-density
polyethylene, low-density polyethylene, polypropylene, polyvinyl chloride,
polystyrene, and others. Based on End User market is segmented
into Packaging, Consumer Goods, Electrical and Electronics, Automotive, and
Building & Construction.
Asia Pacific
region is expected to dominate the Global Extrusion Molding Plastics Market in
the upcoming years due to significant manufacturing activities in numerous
fields and rapid development of the e-commerce industry in the region. Major
market players are present in the region.
Major
companies operating in Global Extrusion Molding Plastics Market are:
- ExxonMobil
Corporation
- The Dow Chemical
Company
- Kaneka Corporation
- SABIC
- Atlantis Plastic
Company
- Chevron Corporation
- DuPont de Nemours,
Inc
- China Plastic
Extrusion Ltd.
- JM Eagle, Inc.
- Keller Plastics
Download Free Sample Report
Customers
can also request for 10% free customization on this report.
“The
primary reason for the growth of Global Extrusion Molding Plastics Market is
the rising demand from the packaging industry and awareness about sustainable
development through the use of recycled plastic to reduce carbon footprint.
However, the cost of production of extrusion molding machines is high and technical
issues are faced while designing extrusion molds. Despite this the demand for extrusion
molding plastics is increasing due to the rise in electric vehicle
infrastructure in developed and developing nations.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management
consulting firm.
“Extrusion Molding Plastics
Market, - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Material (High-Density Polyethylene,
Low-Density Polyethylene, Polypropylene, Polyvinyl Chloride, Polystyrene, and
Others), By End User (Packaging, Consumer Goods, Electrical and Electronics,
Automotive, and Building & Construction), By Region,”has
evaluated the future growth potential of Global Extrusion Molding Plastics
Market. It provides statistics & information on market size, structure, and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision-makers make sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Global Extrusion Molding
Plastics Market.”
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com