Asia Pacific Extruded Plastic Market - Forecasts from 2019 to 2024

The Asia Pacific extruded plastic market was valued at US$122.986 billion in 2018 and is projected to expand at a CAGR of 5.76% over the forecast period to reach US$172.141 billion by 2024. Asia Pacific is dominating the extruded plastic market on account of growing industrialization and urbanization in the country. Burgeoning construction activities in countries like India, China is driving the demand for PVC extrusions. Consumer preference towards clear and safe packaging is leading to an increased use of Polypropylene and Polyethylene films in the packaging industry. Thus, the extruded plastic market in Asia Pacific is projected to grow at a good rate on account of growing automotive, packaging, and construction industry.

This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations being implemented by the relevant agencies. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.

Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study has been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the Asia Pacific extruded plastic value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.

Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the Asia Pacific extruded plastic market.

Some of the key players include Eaton, DuPont Tejin Flims, ASYTEC, i-Profile, SolvIT International, Inc., OKE Group GmbH, Asahi Kasei Corporation, Fukuvi Chemical Industry Co., Ltd., NCL Veka, and Deceuninck India.

Segmentation

The Asia Pacific extruded plastic market has been analyzed through following segments:

By Type
Polypropylene (PP)
Polyethylene (PE)
Polyethylene (PE)
LDPE
HDPE
Polyvinyl Chloride (PVC)
Others

By End-User Industry
Construction
Electrical and Electronics
Packaging
Automotive
Others

By Countries
Japan
China
India
Others