Extruded Plastics Market | Exactitude Consultancy Reports

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Extruded Plastics Market by Material (Polyvinyl Chloride, Polypropylene, Polyethylene), by End-use (Automotive, Packaging, Industrial), by Application (Wire Insulation, Films, Pipes and Tubing) and Region, Global trends and forecast from 2022 to 2029.

The Extruded Plastics Market is expected to grow at 4.6% CAGR from 2022 to 2029. It is expected to reach above USD 278.20 Billion by 2029 from USD 185.6 Billion in 2020.

Segment Analysis
Extruded Plastics Market is segmented based on Material, End-use, Application and Region.

Based on material, the polyethylene sector held the largest market share, accounting for almost one-third of the worldwide extruded plastics market. It is predicted that this segment would continue to hold the lead during the projection period. This is because there is a higher demand for healthcare supplies like tubes and needle sheaths. On the other hand, the sector for polypropylene is anticipated to register the fastest CAGR of 5.2% over the course of the projection period. The need for packaged food and beverage items is driving the growth of the market, which in turn is driving up the demand for the production of food-grade tubes. Additionally, the research analyses the polyvinyl chloride and polystyrene market segments.

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