EXTRUSION SHEET MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Market Concentration and Competitive Landscape

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Growing preference for lightweight and high-strength materials

Automotive manufacturers have been under continuous pressure to curb vehicle weight in order to improve fuel-efficiency and comply with stringent emission regulations. This has boosted the popularity of lightweight yet strong materials like magnesium, aluminum and high-performance plastics in the automotive industry. Extruded sheets made from such materials have emerged as viable substitutes for conventional steel components due to properties like corrosion resistance, design flexibility, and energy absorption. Aluminum extruded sheets in particular have found wider applications in the exterior vehicle parts as well as safety structures. Similarly, extruded plastic sheets have effectively replaced heavier metal components in under-hood applications.

Apart from automotive, other industries have also been showing rising preference for extruded composite and plastic sheets that offer an optimal combination of lightweight and mechanical strength. In the aerospace industry, magnesium and aluminum extruded sheets are being increasingly adopted in airframe components to reduce aircraft weight. Even in transport and logistics sectors, emphasis on fuel-efficiency, and payload capacities has augmented the use of lightweight extruded sheets. Manufacturers in electrical goods and consumer electronics prefer extruded polycarbonate and PVC sheets for housings and enclosures as they provide durability and shock resistance while keeping weight at minimum.