Extrusion Sheet Market Size is Forecasted to Hit US$ 170.2 Billion by 2030

The global extrusion sheet market size is predicted to reach US$ 170.2 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.9% during the forecast period from 2021 to 2030.

Extrusion of the sheets refers to the technical process within which thermoplastic resins are transformed into or rolled in sheets by the application of pressure and heat. In this process raw material is melted first in order to form continues profile. Sheet extrusion plays vital role in the manufacturing of various healthcare devices, automotive parts, construction materials, and consumer electronics among others. The process of extrusion of sheets is deliberated as the supreme critical process. The common extrusion processes include worm, micro, clod, and extrusions. Extrusion sheets are used in various emerging applications which is having positive impact on the growth of the global market. Construction, automotive, and packaging industries uses steel, titanium, copper, magnesium, ceramics, various polymers based extruded sheets for the multiple end use applications.

Growth Factors:

Extrusion sheets plays major role in the commercial sectors as they are used in various blends. Rapid industrialization across the globe is in tern creating huge demand for the extrusion sheets and driving growth of the global extrusion sheets market. In addition to this, growing demand for the extrusion sheets in the automotive and construction industries for the various end use applications is expected to propel growth of the global extrusion sheet market in the near future. Furthermore, growing consumption in the packaging industry and increasing adoption for the manufacturing of the health-care devices, electronics appliances are among major factors to boost growth of the global market during the forecast time frame. However, fluctuating prices of the raw materials is anticipated to restrain growth of the global market in the near future. Also, safety issues, coupled with high costs associated with the metals can have negative impact on the global market growth. Nevertheless, leading players in the global industry are focusing on offering best and maximum durability products which are creating potential opportunities in the target industry.

 Extrusion Sheet Market Scope:

COVID-19 Impact:

The industrial report mentions the influence of the ongoing COVID-19 pandemic. The outbreak has caused disturbances in several industries and has hammered the logistics, resulting in delayed deliveries and cancellation of product demand. The extrusion sheet report proficiently explains the resulting factors and concerns of manufacturers. Researchers have also well-explained how the producers and providers will tackle the ongoing epidemic and the key strategies to be adopted post-pandemic for turning their businesses back to normal.

Regional Analysis:

The report covers data for North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. In 2020, Asia Pacific dominated the global market with a market share of more than 25%. China signified as the highest shareholding country in the Asia Pacific region primarily due to increasing use of plastic extrusion sheets in the manufacturing of automotive and electronics in the country. Rapid industrialization in the countries of the Asia Pacific such as India, China, Japan, Thailand, and emerging economies are creating huge demand for these sheets and fueling target market growth in the region. Further Europe is an important market in the extrusion sheet. The growth of the extrusion sheet industry in the countries of the North America is attributed to growing adoption of the extrusion sheet due to increasing usage of electric vehicles and rising construction activities in the United States and Canada of the region. North America anticipated to grow at the maximum CAGR in the forecast period. Latin America and the African and Middle Eastern region will show perceptible growth over the forecast period owing to growing applications of extrusion sheet in the countries including Brazil, Mexico, GCC of the regions.

Key Players:

The extrusion sheet market is consolidated with a major number of manufacturers. The company profiling of key players in the market includes major business strategies, company overview and revenues. In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report. Primary research represents a bulk of research efforts, supplemented by extensive secondary research.

Some of the prominent players in the extrusion sheet market include:

• Owens Corning
• Corex Plastics Pty Ltd & MatraPlast
• Karton S.p.A.
• DS Smith Plc.
• Arla Plast
• MDI
• Inteplast Group Corporation (Coroplast)
• Serafin Group (Exolon Group)
• Distriplast
• Saudi Basic Industries Corporation
• Wellplast Ab

Market Segmentation

By Type

• Polypropylene
• LDPE
• Polycarbonate
• HDPE
• Polystyrene
• Acrylate
• Polyethylene
• Others

By Material

• Reprocessed
• Virgin

By Structure

• Corrugated
• Solid & Textured
• Hollow
• Multiwall
• Others

By Application

• Defence& Aerospace
• Building & Construction
• Signages
• Medical
• Automotive
• Electrical & Electronics
• Packaging
• Others

Regional Segmentation

• North America (U.S. and Canada)
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
• Latin America (Brazil and Rest of Latin America)
• Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Find More Press Releases at https://www.globenewswire.com/en/search/organization/Precedence%2520Researchv

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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