Global Plastic Extrusion Molded Parts Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Type;
Solid Parts, Hollow Pipe & Tubing, Sheets & Films, Windshield Wipers & Squeegees, Automotive Trim, Conduit & Cable Protectors, and Others.By Mold Shape;
T-Sections, U-Sections, Square Sections, I-Sections, L-Sections, Circular Sections, and Others.By Extrusion Method;
Tubing Extrusion, Blow Film Extrusion, Sheet Film Extrusion, Over Jacket Extrusion, and Others.By Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).Introduction
Global Plastic Extrusion Molded Parts Market (USD Million), 2021 - 2031
In the year 2024, the Global Plastic Extrusion Molded Parts Market was valued at USD 230,562.05 million. The size of this market is expected to increase to USD 305,451.97 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.1%.
The Plastic Extrusion Molded Parts Market has witnessed steady growth over the forecast period, driven by its widespread utilization across diverse industries such as construction, automotive, electrical & electronics, medical, and others. Plastic extrusion molding materials, including polystyrene, polypropylene, polycarbonate, acrylonitrile butadiene styrene (ABS), polyester, and more, form the backbone of this market. The automotive sector stands out as a key driver of expansion in this market, with plastic extrusion molded parts finding extensive application in various automotive components. Shutdowns of automotive sites, labor shortages, and disruptions in the supply chain contributed to a temporary decline in the growth of the plastic extrusion molded parts industry. A gradual recovery in automotive production activities since 2021 has reignited demand for these parts, buoyed by a resurgence in global automobile production figures.
The plastic extrusion molded parts market is poised for growth in the coming years, driven by increasing automotive production and the expanding electronics industry. Notably, the total global automobile production witnessed a steady rise compared to the previous year, according to data from the International Organization of Motor Vehicle Manufacturers (OICA). This resurgence in automotive production, coupled with the growth trajectory of the electronics sector, is expected to propel the demand for plastic extrusion molded parts. The market faces challenges stemming from fluctuating prices of raw materials, which may impede its growth trajectory. Despite this constraint, the market's outlook remains optimistic, with ongoing advancements in technology and a growing focus on sustainability expected to further bolster market expansion in the foreseeable future.
Global Plastic Extrusion Molded Parts Market Recent Developments
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In March 2022, Benvic, a chemical company headquartered in France, completed the acquisition of Modenplast, an Italian-based company renowned for its expertise in extrusion molding products. The strategic rationale behind this acquisition was to enhance Benvic's capability to design and manufacture customized medical tubing solutions, tailored to meet the specific requirements of customers. Additionally, the acquisition was aimed at consolidating Benvic's position in the market, thereby strengthening its competitive advantage in the industry.
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In November 2021, Meteor Group finalized the acquisition of Creative Extruded Products, a U.S.-based company specializing in extrusion and molding. The acquisition was driven by Meteor Group's objective to diversify and expand its product portfolio, leveraging the technological capabilities of Creative Extruded Products. With this strategic move, Meteor Group aimed to reinforce its presence in the North American market, tapping into new growth opportunities and enhancing its overall market position.
Segment Analysis
The global plastic extrusion molded parts market is highly diverse, segmented into various types of products. Among these, solid parts and hollow pipes & tubing hold significant shares due to their widespread applications in industries like automotive, construction, and packaging. Solid parts are primarily used in automotive and industrial applications, while hollow pipes & tubing dominate in the construction sector, especially for plumbing and electrical installations. Additionally, segments like sheets & films and windshield wipers & squeegees cater to packaging and automotive needs, respectively, contributing to the market's broad scope. Automotive trim and conduit & cable protectors further drive growth in automotive and electrical sectors, while the “Others” category represents niche uses across industries.
The plastic extrusion molded parts market also sees variation in terms of mold shapes, with T-sections and U-sections leading due to their structural and functional versatility in industrial and infrastructure applications. Square sections and I-sections find relevance in construction and heavy machinery, whereas L-sections and circular sections are commonly used in the automotive and consumer goods sectors. The "Others" segment includes specialized shapes catering to specific manufacturing requirements, providing tailored solutions to emerging industries and customized applications.
In terms of extrusion methods, the market is segmented into various techniques, with tubing extrusion and blow film extrusion dominating due to their efficiency and high-volume production capabilities. Tubing extrusion is integral to the production of pipes used across construction, automotive, and medical industries. Blow film extrusion is extensively used in packaging and film production, meeting the demands of flexible packaging materials. Other extrusion methods, like sheet film extrusion and over jacket extrusion, address specialized needs in electronics, automotive, and consumer goods, contributing to the market’s growth by supporting innovation in manufacturing processes.
Global Plastic Extrusion Molded Parts Segment Analysis
In this report, the Global Plastic Extrusion Molded Parts Market has been segmented by Type, Mold Shape, Extrusion Method and Geography.
Global Plastic Extrusion Molded Parts Market, Segmentation by Type
The Global Plastic Extrusion Molded Parts Market has been segmented by Type into Solid Parts, Hollow Pipe & Tubing, Sheets & Films, Windshield Wipers & Squeegees, Automotive Trim, Conduit & Cable Protectors, and Others.
These categories encompass solid pieces, hollow pipe and tubing, sheets and films, windscreen wipers and squeegees, vehicle trim, conduit and cable guards, and other specialized components. Solid parts represent molded components with a sturdy, non-porous structure, ideal for applications requiring durability and strength. On the other hand, hollow pipes and tubes are designed to transport liquids or gases, serving critical functions across industries such as plumbing, automotive, and construction.
Sheets and films constitute thin, flat plastic materials, prized for their versatility and suitability for applications ranging from packaging and signage to construction and automotive interiors. Windscreen wipers and squeegees, essential automotive tools, showcase the adaptability of plastic extrusion molding technology in producing functional and ergonomic components. Automotive trim encompasses molded elements used for aesthetic enhancement, adding style and sophistication to vehicle interiors and exteriors. Conduit and cable protectors play a crucial role in safeguarding electrical cabling, ensuring durability and safety in various industrial and residential settings. The market further extends to encompass a broad spectrum of additional plastic extrusion molded parts, tailored to meet the diverse requirements of industries spanning automotive, construction, electronics, and beyond.
Global Plastic Extrusion Molded Parts Market, Segmentation by Mold Shape
The Global Plastic Extrusion Molded Parts Market has been segmented by Mold Shape into T-Sections, U-Sections, Square Sections, I-Sections, L-Sections, Circular Sections, and Others.
These shapes include T-sections, U-sections, Square Sections, I-sections, L-sections, Circular Sections, and Others, encompassing a wide spectrum of design possibilities and applications. T-sections, U-sections, and I-sections are commonly utilized for structural support and reinforcement in various industries, providing stability and strength to components. Square Sections find extensive use in applications requiring uniformity and stability, such as in construction and engineering.
L-sections, Circular Sections, and Other shapes cater to more specialized needs, offering versatility and flexibility in design. L-sections are often used for corner reinforcement and joining applications, providing strength and stability at junction points. Circular Sections find applications in industries such as automotive and aerospace, where curved profiles are required for aerodynamic efficiency and structural integrity. "Others" category signifies the diversity of mold shapes available, reflecting the adaptability of plastic extrusion molded parts to meet specific customer requirements and industry standards.
Global Plastic Extrusion Molded Parts Market, Segmentation by Extrusion Method
The Global Plastic Extrusion Molded Parts Market has been segmented by Extrusion Method into Tubing Extrusion, Blow Film Extrusion, Sheet Film Extrusion, Over Jacket Extrusion, and Others.
These extrusion segments encompass tube, blow film, sheet film, and over-jacket extrusion, among others, each serving distinct purposes within the industry. Tubing extrusion, for instance, specializes in crafting hollow tubes of varying diameters and forms, catering to applications requiring conduit or piping systems. In contrast, blown film extrusion is a specialized technique utilized to create thin plastic films by inflating a tubular extrudate, offering versatility in applications such as packaging and wrapping materials.
Sheet film extrusion focuses on producing flat plastic sheets with varying thicknesses, suitable for applications ranging from signage and displays to construction materials. Over-jacket extrusion serves a unique role in the market by coating or enclosing wires and cables, enhancing durability and protection. Moreover, the market encompasses a spectrum of extrusion technologies tailored to specific needs and applications within the plastic extrusion molded parts industry. These diverse extrusion methods highlight the industry's versatility and adaptability to meet a wide range of customer demands across various sectors, driving innovation and growth in the market.
Global Plastic Extrusion Molded Parts Market, Segmentation by Geography
In this report, the Global Plastic Extrusion Molded Parts Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Plastic Extrusion Molded Parts Market Share (%), by Geographical Region, 2024
The global Plastic Extrusion Molded Parts market is influenced by various regional dynamics, with North America, Asia Pacific, Europe, Middle East and Africa, and South America each contributing significantly to its shaping. In North America, particularly, the Military Land Vehicle Market is undergoing a notable transformation with the increasing demand for electric vehicles. This surge is primarily attributed to the U.S. military's adoption of electric and zero-emission vehicles for its non-tactical fleet. As the focus on sustainability and environmental impact grows, there's a heightened emphasis on transitioning towards cleaner and more efficient transportation solutions, propelling the demand for electric vehicles in the region's military sector. The Asia Pacific region is witnessing robust investments in Plastic Extrusion Molded Parts, particularly to enhance military capabilities. With geopolitical tensions and security concerns prevalent in the region, governments are prioritizing the modernization and strengthening of their defense infrastructure. Plastic Extrusion Molded Parts play a crucial role in various military applications, including equipment manufacturing, vehicle components, and infrastructure development.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Plastic Extrusion Molded Parts Market.
Drivers:
- Increase in Automobile Production
- Growth of the Electronics Industry
- Ongoing Advancements in Plastic Extrusion Molding Processes
- Sustainable Manufacturing Practices
- Customization and Design Flexibility
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Infrastructure Development: Infrastructure development plays a pivotal role in shaping the Global Plastic Extrusion Molded Parts Market, influencing both demand and supply dynamics. As countries around the world embark on infrastructure development projects, there arises a significant demand for various components and materials, including plastic extrusion molded parts. These parts find extensive application in infrastructure projects such as construction of buildings, roads, bridges, and utilities. For instance, plastic extrusion molded parts are utilized in construction applications for items like window frames, door components, roofing materials, piping systems, and insulation. The versatility, durability, and cost-effectiveness of plastic extrusion molded parts make them a preferred choice for infrastructure development projects across diverse sectors.
As urbanization accelerates globally, there's a growing need for modern and sustainable infrastructure to support the increasing population in urban areas. Plastic extrusion molded parts play a crucial role in meeting this demand by offering innovative solutions for infrastructure development. For example, plastic conduits and cable protectors are essential components in electrical and telecommunication infrastructure, providing protection and organization for cables and wires. Additionally, plastic extrusion molded parts are used in water management systems, including pipes, fittings, and drainage components, contributing to the efficient distribution and management of water resources in urban areas.
Infrastructure development initiatives often prioritize sustainability and environmental considerations, driving the adoption of eco-friendly materials and practices. Plastic extrusion molded parts can be manufactured from recycled materials, contributing to circular economy principles and reducing the environmental impact of infrastructure projects. Advancements in plastic extrusion molding technologies enable the production of energy-efficient and resource-efficient parts, aligning with sustainable development goals. As governments and organizations worldwide emphasize sustainable infrastructure development, the demand for environmentally friendly plastic extrusion molded parts is expected to increase, further driving growth in the global market.
Restraints:
- Regulatory Compliance
- Limited Design Complexity
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Environmental Concerns: Environmental concerns loom large as a critical issue shaping industry practices and consumer behavior. Plastic materials, including those used in extrusion molded parts, are a focal point of environmental scrutiny due to their persistence in the environment and their contribution to pollution, particularly in the form of marine debris. As public awareness of plastic pollution and its adverse effects on ecosystems and wildlife grows, there's mounting pressure on industries to adopt more sustainable practices. Plastic extrusion molded parts, being integral components in various industries such as automotive, construction, and electronics, are not exempt from these concerns, as they contribute to the overall plastic waste stream.
To address environmental concerns, the Plastic Extrusion Molded Parts Market is witnessing a shift towards sustainable manufacturing practices and materials. Manufacturers are increasingly exploring alternatives to traditional plastics, such as biodegradable polymers and recycled materials, to reduce their environmental footprint. Additionally, there's a growing emphasis on recycling and circular economy principles within the industry. Initiatives aimed at increasing the recyclability of plastic extrusion molded parts, improving waste management practices, and promoting closed-loop recycling systems are gaining traction. These efforts not only help mitigate environmental impact but also align with regulatory mandates and consumer preferences for eco-friendly products.
Environmental concerns are driving innovation in product design and material technologies within the Plastic Extrusion Molded Parts Market. Manufacturers are investing in research and development to develop novel materials that are more sustainable, durable, and environmentally friendly. This includes the exploration of bio-based polymers, compostable plastics, and advanced recycling technologies. There's a growing focus on designing products with end-of-life considerations in mind, such as facilitating easier disassembly and recyclability. By addressing environmental concerns through innovative solutions and sustainable practices, the Plastic Extrusion Molded Parts Market is poised to evolve towards a more sustainable and environmentally responsible future.
Opportunities:
- Focus on Recycling and Circular Economy
- Collaboration and Partnerships
- Diversification of Applications
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Investment in Research and Development: Investment in research and development (R&D) plays a pivotal role in driving innovation and technological advancement within the Global Plastic Extrusion Molded Parts Market. Manufacturers and industry players allocate substantial resources towards R&D activities to enhance product performance, develop novel materials, optimize manufacturing processes, and explore new applications. Through R&D investments, companies aim to stay ahead of market trends, meet evolving customer demands, and maintain competitiveness in a rapidly changing landscape.
One of the key areas of focus for R&D investment is the development of advanced materials for plastic extrusion molded parts. Manufacturers continuously explore new polymer formulations and additives to improve material properties such as strength, durability, flexibility, and heat resistance. R&D efforts are directed towards enhancing the sustainability profile of plastic materials by incorporating recycled content, bio-based polymers, or developing biodegradable alternatives. These advancements not only align with growing environmental regulations and consumer preferences but also offer opportunities for differentiation and market expansion.
R&D investments drive technological innovation in manufacturing processes and equipment for plastic extrusion molding. Companies invest in automation, digitization, and process optimization technologies to enhance production efficiency, reduce lead times, and minimize waste. Advanced simulation and modeling techniques are utilized to optimize mold design, material flow, and part geometry, leading to improved product quality and performance. R&D initiatives focus on developing novel extrusion techniques, such as co-extrusion and multi-material extrusion, to enable the production of complex parts with enhanced functionality.
Competitive Landscape Analysis
Key players in Global Plastic Extrusion Molded Parts Market include
- Duros Development
- Nation Manufacturing and Industrial Products Corporation
- Ply Gem Holdings
- Mitsuwa Chemical
- Eaton
- MHG Asia Pacific
- Rehau Incorporated
- Vision Group
- Denso
- Foton Philippines
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
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Market Snapshot, By Mold Shape
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Market Snapshot, By Extrusion Method
- Market Snapshot, By Region
- Global Plastic Extrusion Molded Parts Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Increase in Automobile Production
- Growth of the Electronics Industry
- Ongoing Advancements in Plastic Extrusion Molding Processes
- Sustainable Manufacturing Practices
- Customization and Design Flexibility
- Infrastructure Development
- Restraints
- Regulatory Compliance
- Limited Design Complexity
- Environmental Concerns
- Opportunities
- Focus on Recycling and Circular Economy
- Collaboration and Partnerships
- Diversification of Applications
- Investment in Research and Development
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Plastic Extrusion Molded Parts Market, By Type, 2021 - 2031 (USD Million)
- Solid Parts
- Hollow Pipe & Tubing
- Sheets & Films
- Windshield Wipers & Squeegees
- Automotive Trim
- Conduit & Cable Protectors
- Others
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Global Plastic Extrusion Molded Parts Market, By Mold Shape, 2021 - 2031 (USD Million)
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T-Sections
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U-Sections
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Square Sections
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I-Sections
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L-Sections
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Circular Sections
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Others
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Global Plastic Extrusion Molded Parts Market, By Extrusion Method, 2021 - 2031 (USD Million)
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Tubing Extrusion
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Blow Film Extrusion
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Sheet Film Extrusion
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Over Jacket Extrusion
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Others
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- Global Plastic Extrusion Molded Parts Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Plastic Extrusion Molded Parts Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Duros Development
- Nation Manufacturing and Industrial Products Corporation
- Ply Gem Holdings
- Mitsuwa Chemical
- Eaton
- MHG Asia Pacific
- Rehau Incorporated
- Vision Group
- Denso
- Foton Philippines
- Company Profiles
- Analyst Views
- Future Outlook of the Market