Extruded Plastics Global Market Report 2024

In extruded plastics manufacturing, a high-volume technique is employed where a polymer material undergoes continuous melting and molding. This process incorporates additives to produce a variety of products, including bags, plastic films, tubing, piping, rods, weather stripping, and deck railing.

The primary types of extruded plastics include low-density polyethylene, polypropylene, polyvinyl chloride, high-density polyethylene, polystyrene, and other variations. Low-density polyethylene extruded plastics represent the initial grade of polyethylene and are available in various forms such as films, pipes, sheets, tubes, wires, and cables. These products find applications across diverse industries, including packaging, building and construction, automotive, consumer goods, electrical and electronics, among others.

The extruded plastics market research report is one of a series of new reports that provides extruded plastics market statistics, including extruded plastics industry global market size, regional shares, competitors with an extruded plastics market share, detailed extruded plastics market segments, market trends and opportunities, and any further data you may need to thrive in the extruded plastics industry. This extruded plastics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The extruded plastics market size has grown strongly in recent years. It will grow from $232.87 billion in 2023 to $246.52 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period of extruded plastics can be attributed to the expansion of industrialization and manufacturing, the emphasis on lightweighting in the automotive sector, increased construction and infrastructure development, the adoption of sustainable practices, and the demand for consumer goods and packaging.

The extruded plastics market size is expected to see strong growth in the next few years. It will grow to $315.92 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The forecasted growth in the extruded plastics market can be attributed to the demand for eco-friendly extruded plastics, advancements in electric and autonomous vehicles, ongoing infrastructure modernization projects, increased manufacturing of medical devices, and the adoption of advanced extrusion processes. Key trends in the forecast period include the development of high-performance extruded plastics, utilization of 3D printing with extruded plastics, the integration of smart features in extruded products, the application of co-extrusion technology, and the use of foam extrusion.

The growth of the extruded plastics market is significantly fueled by the burgeoning packaging industry. Packaging, essential for product distribution and storage, witnesses increased demand due to the durability and effectiveness offered by extruded plastics. In 2021, the India Brand Equity Foundation reported a 200% surge in packaging demand and consumption in India, reaching 8.6 kgs per person per annum (PPPA) from 4.3 kgs PPPA. This underscores the pivotal role of the packaging sector in propelling the extruded plastics market forward.

Extruded plastics are poised for increased demand from the automotive industry, driving market growth. Widely embraced for their versatility, durability, and cost-effectiveness, extruded plastics cater to specific automotive performance requirements, including resistance to temperature, chemicals, and UV exposure. In 2022, global motor vehicle production reached 85.4 million units, reflecting a robust 5.7% YoY increase. The automotive sector's substantial growth, with approximately 78 million unit sales in 2022, positions extruded plastics as a key contributor to the industry's success.

Technological advancements mark a significant trend in the extruded plastics market as major companies focus on developing innovative solutions. Notably, Sulzer Chemtech and Borealis introduced a pioneering PP foam extrusion technology in April 2021. This technology aims to enhance efficiency and reduce costs, offering lower prices and improved overall value chain efficiency. Predicted to cut production costs by up to 60%, this innovative PP foam extrusion method aligns with market demands for circular solutions and underscores the industry's commitment to advancing technology.

Leading companies in the extruded plastics market are actively innovating to meet the growing demand for sustainable products, exemplified by the introduction of innovative solutions like Meguri. This product line, launched by Sumitomo Chemical Co. Ltd. in September 2021, is crafted from various recycled plastics, including polyethylene, polypropylene, and acrylic resin. Meguri not only contributes to reducing environmental impact but also enhances resource efficiency, resulting in cost savings. Its versatile applications span across packaging, automotive, and construction sectors, showcasing a commitment to sustainability and meeting diverse industry needs.

In a strategic move to enhance its position and capabilities, Pexco LLC, a prominent US-based specialty plastics extruder company, acquired Enflo Corporation in September 2022. This acquisition, carried out for an undisclosed amount, bolsters Pexco's manufacturing capabilities in Polytetrafluoroethylene (PTFE) products. By expanding high-performance polymer capabilities and global product reach, Pexco aims to strengthen its presence in the extruded plastics business. Enflo Corporation, a Canada-based pioneer in plastic manufacturing, specializes in the design and development of molded cylinders and sheets, skived sheets, tape, and extruded rods and tubing, adding valuable expertise to Pexco's portfolio.

Major companies operating in the extruded plastics market include Apogee Enterprises Inc., Olsen Doors and Windows Limited, Fletcher Building Limited, YKK AP Inc., Bradnam's Windows & Doors, Fenesta Building Systems, PGT Innovations Inc., Geeta Aluminium Co. Pvt. Ltd., Ply Gem Holdings Inc., Andersen Corporation, Sapa Group, Alupure, Alteza Healthcare Private Limited, Reynaers Aluminium, Schuco International Group, Bemis Company Inc., LyondellBasell Industries N.V., Trex Company Inc., Teijin Limited, Borealis AG, Westlake Corporation, NOVA Chemicals Corporation, Mitsubishi Chemical Group Corporation, Plastipak Holdings Inc., Sigma Plastics Group of FL, Bunzl Extrusions Inc., Avient Corporation, The Ensinger Group, REHAU Polymers Pvt Ltd., Primex Plastics Private Limited

Asia-Pacific was the largest region in the extruded plastics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the extruded plastics market during the forecast period. The regions covered in the global extruded plastics market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The countries covered in the extruded plastics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The extruded plastics market consists of sales of acrylonitrile butadiene styrene, thermoplastic elastomers, high impact polystyrene, polyethylene terephthalate, and sheet film extrusion. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.