Introduction of the Plastics Extrusion Market
The global plastics extrusion markets have experienced enormous growth and change in recent years, due to a combination of technical developments, rising demand from diverse end-use sectors, and a focus on sustainability. The plastics extrusion market in North America has grown rapidly due to the rising uses of extruded plastic products in a variety of industries. The United States, in particular, is a significant contributor to this expansion, due to an increasing industrial environment and an established manufacturing sector. For instance, manufacturing contributed $2.3 trillion to US GDP in 2021, accounting for 12.0% of total US GDP. (Source: National Institute of Standards and Technology). Plastic extrusion is in high demand in industries including construction, packaging, and automotive, where extruded plastic products are widely used in profiles, pipes, tubing, and other applications. Furthermore, the region has experienced an increasing emphasis on sustainable practices, which has resulted in the use of environmentally friendly materials and methods in the plastics extrusion industry. For instance, plastic extrusion companies of North America like, Northland plastics, Plastics extrusion technologies employ sustainable practices that help reduce waste of resources such as power, process materials, paper, and others. Plastic Extrusion Technologies achieved this by constructing certain of the extrusion plastic products using 100% recycled materials.
The Growing Automotive Sector is Driving the Plastics Extrusion Market.
In both North America and Europe, the growing automotive sector has emerged as a significant driver of the plastics extrusion business. As these regions' automotive sectors expand rapidly, the need for plastic extrusion components has increased significantly. Plastics extrusion, a manufacturing technique that includes molding raw plastic materials into a continuous shape, is widely used in the automotive sector to produce components such as pipes, hoses, weather stripping, and window seals.
The automotive industry in North America has been on a rise, driven by factors such as technical innovations, rising consumer demand for fuel-efficient vehicles, and a recovery in manufacturing activity. The adaptability, durability, and cost-effectiveness of plastics extrusion promote its use in the automobile industry.
The automotive sector in the United States will generate roughly 10.06 million motor vehicles in 2022. Passenger automobiles, light commercial vehicles, big trucks, and buses and coaches are all included in the data. This increase in the automotive sector in North America would also propel the demand for the plastic extrusion market due to its growing application.
Similarly, the automotive industry is the foundation of the Europe industrial landscape. To be competitive in the global market, European automakers are at the forefront of innovation, using modern materials and production processes. Plastics extrusion has become an essential component of this strategy, enabling for the manufacturing of complicated and precisely designed components that match the automobile industry's high standards of quality. For instance, the automotive sector employs 13.8 million
Europeans directly and indirectly, accounting for 6.1% of total EU employment. Direct production of motor vehicles employs 2.6 million people, accounting for 8.5% of manufacturing employment in the EU. This rise would result in more application of plastic extrusion in this sector resulting in greater demand for this market.
Conclusion
The automotive sectors in both North America and Europe are experiencing significant growth, driven by various factors such as technical advancements, consumer demand shifts, and economic recoveries.This expansion has led to an increased demand for plastic extrusion components due to their adaptability, durability, and cost-effectiveness in manufacturing processes.
Author's Detail:
Nisha Deore /
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Nisha Deore is a highly skilled Research Analyst with over three years of experience specializing in the agriculture and food & beverage sectors. Her expertise encompasses secondary research, data mining, competitive analysis, and the development of detailed collateral and PR materials. Known for her meticulous approach, Nisha designs robust research methodologies and delivers actionable insights that support her organization’s commercial and financial objectives.
In her current role, Nisha manages research for both the agriculture and food & beverage categories, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With a deep passion for both sectors and a commitment to continuous professional development, Nisha remains an invaluable asset in the dynamic landscape of market research.
