Growing demand from the packaging industry and recycled polymer material will drive Extrusion Molding Plastic 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.
The Important Elements of Extrusion Molding Plastic Market
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.
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The 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
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“The primary reason for the growth of the Global Extrusion Molding Plastic 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 Plastic Market.”
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