Dublin, March 29, 2023 (GLOBE NEWSWIRE) -- The "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, By Region" report has been added to ResearchAndMarkets.com's offering.
Global Extrusion Molding Plastics Market is projected to grow at an impressive rate through 2028.
Products made via extrusion include wire insulation, fences, deck railings, window frames, pipe and tubing, weather-stripping, and plastic films and sheets. Extrusion has the tremendous benefit of allowing for the creation of profiles like pipes of any length. If the material is flexible enough, lengthy pipes can be created by coiling them on a reel. The extrusion of pipes with integrated couplers that include rubber seals has additional benefits.
Substitute for Metal
Polymeric materials can be used in place of glass, steel, and aluminum. Both amorphous and semi-crystalline polymers are included in them. These plastics are extensively used in automotive, transportation, appliance, electronics, communications, and aerospace applications due to their excellent strength, stiffness, impact resistance, temperature resistance, and fire resistance.
Despite being made in far smaller quantities than generic plastics, these materials are much more expensive. Polycarbonate, polyethylene terephthalate, polybutylene terephthalate, polyoxymethylene, polyimide, polymethyl methacrylate, and acrylonitrile-butadiene-styrene are examples of materials that are regarded as engineering thermoplastics. The weight of the vehicles can be reduced by 80% with the help of plastic, whereas in reducing weight, the volume will remain the same.
High Demand for Packaging Material
The packaging of goods plays a crucial role in consumer demand. It is also anticipated that more creative packaging options will be introduced in the upcoming years, such as active packaging, modified atmosphere packaging, edible packaging, and bioplastic packaging. However, the sector's future is expected to be threatened by growing sustainability awareness and a strict prohibition on single-use plastic to reduce plastic pollution. Due to the supply chain disruption caused by the COVID-19 pandemic, the packaging sector was significantly impacted. The shutdown hit worldwide plastic packaging makers in China, one of the significant plastic producers with more than 30% of the global market share.
Growing Demand for Recycled Material
Recycled polymer demand is rising due to regulations, CPG commitments, and greater consumer awareness. These plastics can be made either by mechanical recycling or through sophisticated recycling. Plastic trash is cleaned, chopped, and pelletized in mechanical recycling.
However, there is a chemical shift in advanced recycling and a longer journey from plastic waste to ready-to-use plastic. Recycled plastics are gaining popularity; by 2025, more than 80 global CPG, packaging, and retail firms will be publicly committed to using 15 to 50% recycled material in their packaging.
Report Scope:
In this report, Global Extrusion Molding Plastics Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Extrusion Molding Plastics Market, By Material:
- High-Density Polyethylene
- Low-Density Polyethylene
- Polypropylene
- Polyvinyl Chloride
- Polystyrene
- Others
Extrusion Molding Plastics Market, By End User:
- Packaging
- Consumer Goods
- Electrical and Electronics
- Automotive
- Building & Construction
Global Extrusion Molding Plastics Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- France
- Germany
- United Kingdom
- Italy
- Spain
- Asia-Pacific
- China
- India
- Japan
- Taiwan
- South Korea
- Australia
- South America
- Brazil
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Turkey
- Egypt
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
5. Global Extrusion Molding Plastics Market Outlook
6. North America Extrusion Molding Plastics Market Outlook
7. Europe Extrusion Molding Plastics Market Outlook
8. Asia-Pacific Extrusion Molding Plastics Market Outlook
9. South America Extrusion Molding Plastics Market Outlook
10. Middle East and Africa Extrusion Molding Plastics Market Outlook
11. Market Dynamics
11.1. Drivers
11.1.1. Substitute for Metal
11.1.2. High Demand for Packaging Material
11.1.3. Growing Demand for Recycled Material
11.2. Challenges
11.2.1. High Cost of Extrusion Molding Plastics Affecting Market Growth
11.2.2. Different Technical Challenges that Manufacturing Companies Face
12. Market Trends & Developments
13. Porters Five Forces Analysis
14. Competitive Landscape
15. Strategic Recommendations
A selection of companies mentioned in this report includes
- 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
For more information about this report visit https://www.researchandmarkets.com/r/s4n9n
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