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

The global extrusion sheet market is highly fragmented with many players operating at global and regional levels. The market is characterised by intense competition from both established market players as well as new market entrants. New entrants are facing significant entry barriers in terms of capital requirement for setting up production plants. However, many small players from Asia Pacific are able to keep their prices competitive which creates significant pricing pressure. Buyers are negotiating hard on prices which is negatively impacting revenues of manufacturers. Overall, the competitive intensity in the global extrusion sheet market is high with no major player having dominant presence.

Expansion into new markets and applications

The global extrusion sheet market is witnessing significant growth opportunities in terms of expansion into new markets and applications. With growing focus on renewable energy and biodegradable materials, manufacturers are developing product grades made from bio-based plastics and recyclable plastic materials. Such eco-friendly extrusion sheets cater well to solar photovoltaic and wind turbine applications. Many countries in Europe and North America have enacted regulations mandating use of renewables and bioplastics which is propelling demand. Additionally, extrusion sheets are finding increasing usage in new applications such as 3D printing where their precision and quality work well. Overall, emergence of new markets such as renewable energy as well as new applications represents multi-billion-dollar opportunities for players in the extrusion sheets industry.