Extrusion Sheet Market Size, Share, and Trends 2024 to 2034

The global extrusion sheet market size is expected to be worth around USD 188.78 billion by 2032 from USD 102 billion in 2022, growing at a CAGR of 6.4% during the forecast period 2023 to 2032.

Rapid industrialization across the globe is in tern creating huge demand for the extrusion sheets and driving growth of the global extrusion sheets market.

Key Takeaways

• Asia Pacific led the global market with the highest market share in 2022.
• North America is estimated to expand at the fastest CAGR from 2023 to 2032.
• By Type, the polystyrene segment dominated the market in 2022.
• By Structure, the solid & textured segment dominated the global extrusion sheet market in 2022.
• By Material, Virgin dominated the market in 2022.
• By Application, the packaging segment led the global market in 2022.

Key market Insights:

Extrusion sheets are estimated to create gainful growth opportunities for the major companies functioning in the global extrusion sheet market due to its excellent end-use applications. Emerging economies across the globe are focusing on the rapid industrialization which can have positive impact on the growth of the global extrusion sheet market. Extrusion sheets made up of PET, PP, and PVC are widely used in the food packaging as well as in the pharmaceutical blister packaging worldwide. However, in the furniture industries PVC, ABS, and PP extrusion sheets are largely adopted. Healthcare industry is also demanding extrusion sheets in the manufacturing of medical bags of PP and PVC. Further, some special applications of the extrusion sheets that are expected to augment target industry growth in the near future includes flexible sheet for gaskets, corrugated sheet, table cloths, among others.

Extrusion Sheet Market  in the Asia Pacific 2023-2032

The Asia Pacific extrusion sheet market size was valued at USD 39.78 billion in 2022 and is estimated to reach around USD 74.32 billion by 2032, growing at a CAGR of 6.50% from 2023 to 2032.

The research report covers key trends and prospects of extrusion sheet products across different geographical regions including North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. Geographically, extrusion sheet market is conquered by Asia Pacific owing to increasing demand from the automotive and construction industries for the end-use applications especially in the India, China, and Japan of the region. North America is expected to register the fast growth rate, on account of increasing huge investment by key market players and growing adoption of the extrusion sheet in the packaging and furniture industries of the region.The growth of the extrusion sheet industry in the countries of the North America is attributed to growing adoption of the extrusion sheet due growth in the construction activities and increased usage of the electrical vehicles in the countries of the North America.

Crucial factors accountable for market growth are:

• Growing demand for the extrusion sheets form automotive and construction industries for end use applications
• Key players operating in the global industry are focusing on the launches of the innovative products which is boosting the target industry market
• Increasing consumption in the packaging industry
• Rising adoption of extrusion sheets in the manufacturing of medical devices, electronics appliances, etc.

COVID-19 Impact on Global Extrusion Sheet Market

Outburst of COVID-19 has impacted on most of the key markets across the globe. COVID-19 is having adverse impact on the target market. Asia Pacific is the biggest market for the extrusion sheet, but to the spread of coronavirus and lockdown situations in China, India, Japan has led to reduced supply and demand for the extrusion sheet. Due to COVID-19, supply chain disruption, fluctuations in the raw material supply, insufficient man power in the manufacturing facility and low demand form the end use costumers hampered target industry growth in the developed as well as emerging economies worldwide. However, COVID-19 situation is resolving slowly and most of the industries are started their facilities at full capacity.

Future of Global Extrusion Sheet Market

Key companies of the target industry such as SABIC, DS Smith Plc. are focusing in the business growth by adopting strategies such as capacity expansion, innovative product launches and heavy investments in the production in their facilities that is expected to flourish the global extrusion sheet market growth in the near future. This trend is expected to continue and will augment growth of the global extrusion sheet industry in the next 10 years. Further, increasing end use applications of extrusion sheet and rising construction as well as automotive industry are boosting growth of the extrusion sheet industry in the coming years. 

Extrusion Sheet Market Scope

Segment Analysis:

Polystyrene segment is projected to dominate the Type Segment of Extrusion Sheet Market Revenue

On the basis of type segment, the polystyrene type segment is expected to dominate in terms of revenue over the forecast time frame. The growth is attributed to the growing demand for production of extrusion sheet cross the globe.

Solid & Textured Segment Is Projected to Dominate the Structure Segment of Extrusion Sheet Market Revenue

On the basis of structure segment, the global market is segregated into multiple sub segments. The solid & textured segment is expected to dominate in terms of revenue over the forecast time frame. This segment is anticipated to grow at a CAGR of over 6.5% in the near future.

Virgin segment is projected to dominate the Materials Segment of Extrusion Sheet Market Revenue

On the basis of material segment the virgin material segment is expected to dominate in terms of revenue over the forecast time frame. However, the reprocessed segment will expand at a substantial CAGR during the forecast time-frame.

Packaging segment is projected to dominate the Application Segment of Extrusion Sheet Market Revenue

On the basis of application segment, the global market is segregated into defense & aerospace, building & construction, automotive, packaging, among others. Packaging raw material segment is expected to dominate in terms of revenue over the forecast time frame. The growth is attributed to growing adoption of extrusion sheets in the packaging applications. Automotive segment will expand at a significant CAGR during the forecast time-frame.

Extrusion Sheet Market Players

The companies focusing on research and development are expected to lead the global extrusion sheet market. Leading competitors contending in global extrusion sheet market are as follows:

• 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

For the better understanding the recent situation of the global extrusion sheet market and for most policies of the country, Precedence Research forecast the future evolution of the extrusion sheet industry. This research study offers qualitative and measureable insights on extrusion sheet market and valuation of market size and development trends for global market segments.

Key Market Developments:

• In year 2017, DS Smith Plc. A leading player in the global extrusion sheet market has invested around USD 2.44 million and acquired new extrusion line Also, company changed its layout to the extruded products in order to cater the global demand.

Major Market Segments Covered:

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

By Geography

• North America
  • • U.S.
    • Canada
• Europe
  • • Germany
    • France
    • United Kingdom
    • Rest of Europe
• Asia Pacific
  • • China
    • Japan
    • India
    • Southeast Asia
    • Rest of Asia Pacific
• Latin America
  • • Brazil
    • Rest of Latin America
• Middle East & Africa (MEA)
• • • GCC
    • North Africa
    • South Africa
    • Rest of Middle East & Africa