MarketResearch.biz announces publication of its most recently generated research report titled, “Global Extrusion Sheet Market by Process Type (Coextrusion & Thermoforming), By Material Type (HDPE, LDPE, Polypropylene, Polystyrene, Acrylate, Polycarbonate, PET & Other Material Types), Thickness (Up to 1 mm, 1-3 mm, 3-5 mm, 5-10 mm & Above 10 mm), By Structure (Solid & Textured, Multiwall, Corrugated, Hollow & Other Structures), By Material Source (Virgin & Recycled), By Industry Vertical (Packaging, Medical Devices, Consumer Electronics, Automotive, Construction & Other Industry Verticals), and Region – Global Forecast to 2030.”, which offers a holistic view of the global extrusion sheet market through systematic segmentation that covers every aspect of the target market. The first five-year cumulative revenue (2021–2025) is projected to be over US$ 543.97 Bn, which is estimated to increase moderately over the latter part of the five-year forecast period.
Extrusion is a manufacturing process that pushes the base material or plastic through a pre-forming mold to produce various products with specific shapes and sizes. Different extrusion processes include cold, hot, worm, friction, and micro extrusion to produce specific parts. Extrusion is one of the extensive manufacturing processes used to manufacture parts. The extrusion process is used in various industries to extrude materials such as metals (aluminum, copper, brass, lead, magnesium, steel, zinc, titanium, etc.), polymers, ceramics, concrete, model clay, and food.
Global Extrusion Sheet Market: Market Dynamics
Sheet extrusion plays a vital role in various industries in manufacturing, construction, packaging, automotive, healthcare, electronics and other industries. The significant advantage of producing extruded sheets by assembling sheet extrusion lines for production purposes is to save energy and space. High-speed extruders and mass production processes are the main driving factors of the global plastic extruded sheet market. Extrusion is considered to be one of the most critical processes in the plastics industry. Due to the growing demand for end-use products that use plastics, more than 114 million tons of plastic are processed by plastic extrusion methods worldwide each year. It has promoted the remarkable development of the global plastic extrusion sheet market.
Raw material price fluctuations, high costs related to various metals, safety issues and product durability issues are key factors that will inevitably hinder the plastic extrusion sheet market.
As important manufacturers have mastered the latest manufacturing technology, the increasing adoption and use of plastic extruded sheets in the automotive and construction industries has driven market growth. In addition, leading market participants will do their best to continuously improve and maximize the efficiency of the detailed design process. It will create business opportunities for the plastic extruded sheet market in the next few years.
Global Extrusion Sheet Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global extrusion sheet market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global extrusion sheet market is estimated to expand at a moderate CAGR of 5.8% during the forecast period.
Global Extrusion Sheet Market: Segmental Snapshot
The market report has been segmented on the basis of process type, material type, thickness, structure, material source, industry vertical, and region. The process type segment includes coextrusion & thermoforming. The material type segment includes HDPE, LDPE, polypropylene, polystyrene, acrylate, polycarbonate, PET & other material types. The thickness segment includes up to 1 mm, 1-3 mm, 3-5 mm, 5-10 mm & above 10 mm. The structure segment includes solid & textured, multiwall, corrugated, hollow & other structures. The material source segment includes virgin & recycled. the industry vertical segment includes packaging, medical devices, consumer electronics, automotive, construction & other industry verticals. The region covered in the analysis are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
By process type: The coextrusion segment is expected to register a CAGR of over 6.2%, thereby accounting for highest revenue share among the process type segments.
By material type: The polystyrene segment is expected to register a CAGR of over 6.8% over the forecast period, thereby accounting for highest revenue share among the material type segments.
By thickness: The 1-3 mm segment is expected to register a CAGR of over 6.8%, thereby accounting for highest revenue share among the thickness segments.
By structure: The solid & textured segment is expected to register a CAGR of over 6.6% over the forecast period, thereby accounting for highest revenue share among the structure segments.
By material source: The virgin segment is expected to register a CAGR of over 5.3% over the forecast period, thereby accounting for highest revenue share among the material source segments.
By industry vertical: The packaging segment is expected to register a CAGR of over 6.5% over the forecast period, thereby accounting for highest revenue share among the industry vertical segments.
By region: The market in APAC accounted for highest revenue share in the global extrusion sheet market in 2020, and is estimated to register a CAGR of over 6.3% between 2021 and 2030.
Global Extrusion Sheet Market: Competitive Analysis
The research report on the Global Extrusion Sheet Market includes profiles of major companies such as Saudi Basic Industries Corporation (Sabic Innovative Plastics), DS Smith Plc, Owens Corning, Serafin Group (Exolon Group), Inteplast Group Corporation (Coroplast), Karton S.p.A., Arla Plast, Distriplast, MDI, Wellplast Ab, Corex Plastics Pty. Ltd., & Matra Plast.
The Global Extrusion Sheet Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2021–2030 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global extrusion sheet market for 2021–2030.
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