The North America Extruded Plastics Market would witness market growth of 3.9% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 17,625.7 kilo tonnes, showcasing a growth of 17.2% (2020-2023).
Extruded plastics are extensively utilized in automotive interiors, exteriors, and under-the-hood components, offering advantages such as durability, corrosion resistance, and cost-effectiveness. Thus, the Mexico market consumed 1,360.7 kilo tonnes of extruded plastic in the market 2020.
The US market dominated the North America Extruded Plastics Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $41,762 million by 2031. The Canada market is experiencing a CAGR of 4.2% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 4.9% during (2024 - 2031).
Extruded plastic profiles, tubes, and sheets find utility in producing furniture components, household appliances, and electronic enclosures, offering designers unparalleled design freedom and material versatility.
Moreover, extruded plastic films and foams serve as essential packaging materials for electronic devices, providing cushioning, protection, and electrostatic discharge (ESD) control during transit and storage.
Compared to other manufacturing centers, Mexico's labor costs are competitive, making it an attractive location for automotive production. In addition, the Mexican government has enacted policies that assist in the automotive sector, including advantageous trade agreements and tax incentives, thereby enhancing its level of competitiveness.
Free Valuable Insights: The Extruded Plastics Market is Predict to reach USD 252.9 Billion by 2031, at a CAGR of 4.2%
Based on Material, the market is segmented into Polyethylene, Polypropylene, Polyvinyl Chloride, Polystyrene, Polycarbonate, and Others. Based on Application, the market is segmented into Profiles, Pipes & Tubes, Sheets & Films, Cables & Wires, Filaments, and Others. Based on End-use, the market is segmented into Packaging, Construction, Automotive, Electronics, Consumer Goods, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Material (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By End-use (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Country (Volume, Kilo Tonnes, USD Billion, 2020-2031)
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 