PUBLISHER: The Business Research Company | PRODUCT CODE: 1427803
PUBLISHER: The Business Research Company | PRODUCT CODE: 1427803
Extrusion sheet is a method employed to produce consistent flat material sheets of uniform thickness and width using various resins. The goal of sheet extrusion is to utilize heat and pressure to transform thermoplastic polymers, typically in pellet form, roll, or sheet material. This widely used process is applied to aluminum or plastic materials to create sheets.
The primary types of extrusion sheet include polypropylene, low-density polyethylene (LDPE), polycarbonate, high-density polyethylene (HDPE), polystyrene, acrylate, polyethylene, and others. Polypropylene extrusion sheets are crafted from a thermoplastic polymer renowned for its exceptional chemical resistance and high tensile strength. These sheets find common applications in packaging, automotive components, appliances, and various industrial uses. The structure of extrusion sheets encompasses corrugated, solid and textured, hollow, multiwall, and others. These sheets utilize both virgin and recycled materials, and the associated processes involve coextrusion and thermoforming. Extrusion sheets are employed in diverse sectors such as packaging, medical devices, consumer electronics, automotive, construction, and more.
The extrusion sheet market research report is one of a series of new reports from The Business Research Company that provides extrusion sheet market statistics, including the extrusion sheet industry's global market size, regional shares, competitors with a extrusion sheet market share, detailed extrusion sheet market segments, market trends, and opportunities, and any further data you may need to thrive in the extrusion sheet industry. This extrusion sheet market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The extrusion sheet market size has grown strongly in recent years. It will grow from $114.54 billion in 2023 to $122.13 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth observed in the historical period can be ascribed to the increasing demand in the packaging industry, the expansion of industrial and construction activities, the growth of the automotive sector, projects related to renewable energy, and the demand from the consumer electronics industry.
The extrusion sheet market size is expected to see strong growth in the next few years. It will grow to $158.67 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The anticipated growth in the forecast period can be attributed to a heightened emphasis on lightweight materials, an upsurge in construction and infrastructure development, the electrification of vehicles, a global focus on renewable energy, and a growing demand for customization and tailored solutions. Major trends expected in the forecast period include advancements in manufacturing technologies, progress in material technology, the use of bio-based and biodegradable materials, the adoption of circular economy practices, and the digitalization of manufacturing processes.
The expanding food and beverages industry is poised to propel the extrusion sheet market. This industry encompasses businesses engaged in converting raw agricultural goods into consumer food items. Extrusion sheets offer the food and beverage sector versatile, lightweight, and customizable solutions for packaging applications, ensuring efficient product protection and transport. The growing consumption of food and beverages is a contributing factor to the anticipated growth of the extrusion market. For example, a report from Common Thread Collective, a US-based e-commerce growth agency, projects that food and beverage sales requiring packaging materials will reach $435.3 billion in 2021, $506.3 billion in 2022, and $856.9 billion by 2025. Therefore, the increasing demand in the packaging industry is expected to drive the future of the extrusion sheet market.
The rapid expansion of the construction sector is anticipated to drive the growth of the extrusion sheet market in the coming years. The construction sector encompasses activities related to the planning, design, execution, and maintenance of buildings, facilities, and infrastructure. Extrusion sheets find applications in structural components, false ceilings, insulation panels, and other construction applications, enhancing building performance, energy efficiency, and design flexibility. For instance, according to the US Census Bureau's report in December 2023, October 2023 construction spending is projected to be $2,027.1 billion, a 0.6 percent increase from the revised September estimate of $2,014.7 billion. The October estimate surpasses the October 2022 assessment of $1,830.5 billion by 10.7 percent (±1.6 percent). Therefore, the rapid expansion of the construction sector is a driving force behind the extrusion sheet market.
The integration of advanced technologies is a prominent trend in the extrusion sheet market. Major companies in the extrusion sheet market are actively pursuing advanced technologies to maintain their competitive position. For example, in April 2022, Reifenhauser Cast Sheet Coating GmbH & Co. KG, a Germany-based engineering company, introduced a novel ultrathin coating process for applying film to medical protective garments. This process achieves a 66% reduction in film grammage and an overall material consumption decrease of 28%. The method involves Reifenhauser's LAMICOR-CL Laminator with a mechatronic nip setting, a crucial component for the ultrathin coating extrusion coating line.
Major companies in the extrusion sheet market are embracing a strategic partnership approach to foster lasting cooperation and collaborative business growth. Strategic partnerships involve companies leveraging each other's strengths and resources to achieve mutual benefits and success. For instance, in July 2022, Aequs Pvt. Ltd., a France-based aerospace company, announced a partnership with Hindalco Industries Ltd. This collaboration capitalizes on the strengths, networks, and industry expertise of each party to design, produce, and certify the extrusions required by OEMs in the commercial aircraft sector and other Aequs clients. By incorporating aluminum extrusions into its offerings in collaboration with Hindalco, Aequs strengthens its one-stop-shop approach, establishing a fully localized, environmentally responsible, and sustainable aerospace supply chain. Hindalco Industries Ltd. is an India-based aluminum and copper manufacturing company.
In May 2021, Good Natured Products Inc., a US-based chemical industry company, completed the acquisition of Ex-Tech Plastics Inc. for approximately $14.1 million. This strategic move enhances Good Natured Products' scale and reinforces its reach in environmentally responsible materials across diverse geographical markets. Ex-Tech Plastics Inc. is a US-based company specializing in manufacturing high-quality extruded rigid plastic sheets.
Major companies operating in the extrusion sheet market report are Saudi Basic Industries Corp, Evonik Industries AG, Covestro AG, DS Smith PLC, Owens Corning, Kaneka Corporation, Inteplast Group Corporation, Hitachi Zosen Corporation, Serafin Group Limited, Formosa Plastics Corporation, Ensinger GmbH, MDI Inc., Simona AG, Primex Plastics Corporation, Plaskolite LLC, Brett Martin Limited, Palram Industries Ltd., Arla Plast AB., Danpal, Westlake Plastics Company, AGRU Kunststofftechnik GmbH, Zylog Plastalloys Private Limited, Karton S.p.A., Corex Plastics Pty. Ltd., Wellplast AB, Extrutech Plastics Inc., Matra Plast Inc., Gallina USA LLC
Asia-Pacific was the largest region in the extrusion sheet market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the extrusion sheet market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the extrusion sheet market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The extrusion sheet market consists of sales of acrylonitrile-butadiene-styrene (ABS) sheets, low gloss caps, acrylic cap extrusion sheets, and PVC mono and multilayer extrusion sheets. 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.
Extrusion Sheet Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on extrusion sheet market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for extrusion sheet ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The extrusion sheet market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.