Extruded Plastics Market Report 2025

The extruded plastics market size has grown strongly in recent years. It will grow from $244.95 billion in 2024 to $259.31 billion in 2025 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to industrialization and manufacturing growth, lightweighting in automotive, construction and infrastructure development, sustainable practices, consumer goods and packaging.

The extruded plastics market size is expected to see strong growth in the next few years. It will grow to $343.92 billion in 2029 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to eco-friendly extruded plastics, electric and autonomous vehicles, infrastructure modernization, medical device manufacturing, advanced extrusion processes. Major trends in the forecast period include high-performance extruded plastics, 3D printing with extruded plastics, smart extruded products, co-extrusion technology, foam extrusion.

The growth of the packaging industry is significantly boosting the expansion of the extruded plastics market. Packaging involves enclosing or protecting products for distribution, storage, sale, and usage. Extruded plastics are essential for creating highly durable and efficient packaging solutions. Consequently, the growth of the packaging sector is increasing the demand for extruded plastics. For example, in November 2023, the Flexible Packaging Association, a US-based trade organization, reported that the flexible packaging industry generated $41.5 billion in sales in the United States in 2022. Thus, the rise of the packaging industry is propelling the growth of the extruded plastics market.

The increasing demand from the automotive industry is expected to drive the growth of the extruded plastics market in the future. The automotive industry encompasses the collection of companies, organizations, and activities involved in designing, developing, manufacturing, marketing, selling, and maintaining motor vehicles. Extruded plastics are extensively utilized in this sector due to their versatility, durability, and cost-effectiveness, as well as their ability to meet specific performance requirements, including resistance to temperature, chemicals, and UV exposure, along with their suitability for cost-effective mass production. For instance, in March 2024, the European Automobile Manufacturers Association, a Belgium-based trade organization, reported that car production in the EU in 2023 significantly increased, surpassing 12 million units, marking an 11.3% growth compared to 2022. Therefore, the rising demand from the automotive industry is propelling the growth of the extruded plastics market.

Technological advancements have become a prominent trend in the extruded plastics market. Leading companies in this sector are concentrating on creating technologically advanced products to strengthen their market position. For example, in June 2024, CPM Extrusion, a US-based manufacturer specializing in extrusion equipment, introduced its global eXtruder technology. This standardized twin-screw extruder, developed by CPM Extrusion, is designed to cater to the global needs of the plastics industry. This innovative extruder ensures consistent specifications, design, and support across all regions, allowing manufacturers to achieve high-quality extrusion processes, irrespective of their location. The GXT combines advanced engineering with cost-effective solutions, delivering improved performance, reduced complexity, and enhanced flexibility for various applications within the extruded plastics market.

Leading companies in the extruded plastics market are creating innovative products like Meguri to address the increasing demand for sustainable solutions. Meguri products are composed of various recycled plastics, including polyethylene, polypropylene, and acrylic resin. For example, in June 2024, Dow, a US-based manufacturing firm, introduced REVOLOOPTM, a pioneering recycling solution designed by Dow that aims to enhance the circular economy for plastic materials. This solution is intended to improve the efficiency of recycling processes by allowing post-consumer plastic waste to be transformed into high-quality, reusable feedstock for new plastic products. By employing advanced technologies and processes, REVOLOOPTM seeks to minimize plastic waste, promote sustainability, and facilitate the industry's shift toward a more circular approach to plastic production, ultimately helping to reduce environmental impact.

In September 2022, Pexco LLC, a US-based specialty plastics extruder, acquired Enflo Corporation for an undisclosed sum. This acquisition enhances Pexco's manufacturing capabilities for Polytetrafluoroethylene (PTFE) products, strengthens its high-performance polymer capabilities, and broadens its product reach globally to expand its extruded plastic business. Enflo Corporation, based in Canada, specializes in the design and development of molded cylinders and sheets, skived sheets, tape, and extruded rods and tubing.

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, Alupure, Alteza Healthcare Private Limited, Reynaers Aluminium, Schuco International Group, 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.

Extruded plastics are materials created through the extrusion process, in which plastic is melted and shaped into continuous profiles. Widely utilized in construction, automotive, and consumer goods, extruded plastics provide versatility, durability, and cost-effectiveness, making them ideal for a diverse range of applications.

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.

Asia-Pacific was the largest region in the extruded plastics market in 2024. 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.

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