/24-7PressRelease/ - MUMBAI, INDIA, March 23, 2008 - Extruded plastic advances will reflect the processes' cost effectiveness, high throughput rates, technology improvements, processing ease and high volume uses. Further growth will be threatened by a slumping residential building construction segment. Extrusion will account for 42 percent of all plastics processed in 2011.
Construction, packaging markets to remain dominant
Construction and packaging markets together accounted for 78 percent of all extruded plastics demand in 2006. Construction opportunities will be based on plastic's light weight, cost competitiveness, ease of extrusion and reduced maintenance requirements. Further growth will be constrained by a slumping residential building construction segment, which willparticularly impact siding demand. Packaging advances will be driven by plastic's low cost and excellent performance in blister packs and clamshells, as well as cups, bowls, plates and disposable packaging. Smaller extruded plastic markets include consumer goods, motor vehicles, industrial and medical.
Polypropylene to exhibit fastest growth of all resins
Polyvinyl chloride (PVC) and low density polyethylene (LDPE) together accounted for 60 percent of all extruded plastic demand in 2006. Extruded PVC demand will be fostered by the resin's excellent performance and widespread use in pipe, siding, windows, fencing and other profiles. Faster growth is expected for LDPE based on the resin's dominance of food packaging and other film applications. Polypropylene will post the fastest growth based on its low cost and opportunities in the production of packaging such as trays and other containers. Extruded high density polyethylene demand will exhibit good prospects in pipe, film, and wire and cable applications. Extruded polystyrene will remain a major player in disposable packaging applications.
A large number of firms are active in the US extruded plastics industry, ranging from multinational conglomerates to small, private concerns that compete in niche areas. Consolidation is expected to continue in light of rising costs, maturing applications, intense competition and needs for productivity-enhancing capital investment.
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