The Latin America, Middle East and Africa Extruded Plastics Market would witness market growth of 5.1% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 11,499.6 kilo tonnes, showcasing a growth of 3.2% (2024-2031).
The extruded plastics market is characterized by a diverse range of applications across various industries, driving the demand for extruded it and door frames, siding, roofing systems, and structural components. Thus, the Saudi Arabia market consumed 975.27 kilo tonnes of extruded plastic in the market 2023.
The Brazil market dominated the LAMEA Extruded Plastics Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $5,844.6 million by 2031. The Argentina market is registering a CAGR of 5.7% during (2024 - 2031). Additionally, The UAE market would showcase a CAGR of 4.8% during (2024 - 2031).
The adoption of this has witnessed a remarkable ascent over the decades, propelled by advancements in manufacturing technologies, evolving consumer preferences, and the inexorable march of industrialization.
Moreover, Extrusion, characterized by the continuous shaping of molten plastic through a die to form a desired profile, offers unparalleled versatility and efficiency, making it an indispensable tool for modern manufacturing.
Brazil has been investing in infrastructure projects to support economic growth and development. Infrastructure development involves establishing public transportation systems, roads, bridges, harbors, and airports. These infrastructure projects require many materials, including it for applications such as pipes, profiles, and insulation.
Free Valuable Insights: The Worldwide Extruded Plastics Market is Projected 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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)
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