Extrusion Sheet Market Segmentation:
Material Type Segment Analysis
In extrusion sheet market, polypropylene (PP) segment is projected to hold revenue share of more than 38.1% by 2035, owing to its durability and affordability. Even after undergoing repeated bending and stretching, the sheets retain their mechanical properties and original form, making them well-suited for persistent use in construction, packaging, and various industrial applications due to their robustness. In addition, PP sheets are less expensive than other polymers including ABS, PVC, and polyethylene. They demand less money up front and for ongoing operations to produce.
Furthermore, recycling PP is less expensive than recycling other plastics. Because of its robustness and low cost of production, PP offers customers exceptional value for money. These characteristics help PP outperform other plastics and encourage its broad use in various sectors.
Application Segment Analysis
By the end of 2035, packaging segment is anticipated to dominate extrusion sheet market share of around 34.2%. The packaging segment is a major driver of the extrusion sheet market, leveraging the material’s properties for a variety of applications. For instance, in the medical industry, extrusion sheets are used for sterile packaging of medical devices and pharmaceuticals. The medical packaging sector was valued at USD 60 billion in 2022 and is projected to grow at a CAGR of 6.2% by 2030. The sector’s need for high-quality, reliable packaging solutions boosts the demand for extrusion sheets.
Our in-depth analysis of the extrusion sheet market includes the following segments:
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