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Plastic Corrugated Sheet Market Size, Share, Analysis & Forecasts
Plastic Corrugated Sheet Market Insights
The plastic corrugated sheet market is expected to grow at a significantly high CAGR from 2017 to 2025. Growing construction spending in the residential, commercial and industrial sector is expected to boost the demand for plastic corrugated sheets, especially for roofing purposes. The rapidly evolving packaging industry is also expected to add to the demand for corrugated plastic sheets over the coming years as they are versatile, flexible, and impact resistant.
Plastic Corrugated Sheet Market: Type Insights
The plastic corrugated sheet market is segmented on the basis of type into polycarbonate and polypropylene among others. High demand is observed for polycarbonate corrugated sheets as it can be used in various applications such as greenhouses, pet enclosures, patios, car parking roofs, and other constructions.
Polypropylene sheets are extensively used in packaging as it enhances impact resistance and is considered more eco-friendly as compared to other packaging materials. Polypropylene sheets are used for transporting food and agricultural produce.
Plastic Corrugated Sheet Market: Application Insights
On the basis of application, the plastic corrugated sheets market is segmented into construction, packaging, signage and others. The demand for plastic corrugate sheets is expected to arise from the construction industry. This product is extensively used for building shelters in places having stormy weathers, roofing for parking lots, and other constructions. These products also offer glass like optical clarity and are durable and lighter as compared to glass.
In the packaging industry, plastic corrugated sheets are used as they are versatile, impact resistant, and flexible. These sheets can be easily cut and bonded which makes them efficient for use as packaging material.
As plastic corrugated sheets can be manufactured in a number of colors, it is preferred in the manufacture of signage boards. Some of the advantages these boards offer in the signage industry are that they are lightweight and can be printed upon easily.
Plastic Corrugated Sheet Market: Regional Insights
The demand for plastic corrugated sheets is expected to grow at a high CAGR in the Asia Pacific region. Countries such as China and India are expected to dominate the market over the coming years. High construction spending in developing countries of the Asia Pacific region is expected to positively impact market growth over the coming years. The growing use of corrugated plastic sheets in building greenhouses, shutters, roofs, and other structures is also anticipated to foster market demand. North America and Europe are also projected to grow at a significant CAGR during the forecast period.
Plastic Corrugated Sheet Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase Plastic corrugated sheet over the coming years. Some leading consumers of this market are Acme Sign Inc., D.R. Horton Inc., and Joseph McCormick Construction among others.
Plastic Corrugated Sheet Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Plastic Corrugated Sheet Market Share & Competitor Analysis
Key players operating in the plastic corrugated sheet market include FlutePlast, Mitsubishi Chemical Corporation, Coroplast, SABIC, Evonik, Excelite, Plazit Polygal, Twinplast Limited, Cordek Ltd, Protec International Ltd, Yamakoh, Co., Ltd., Corlite Packaging Industries Sdn Bhd, and DS Smith among others.
Please note: This is not an exhaustive list of companies profiled in the report.
The introduction of green plastic corrugated sheets is one of the trending products in the market as it is recycled, washable, non-toxic and therefore environment-friendly in nature. High demand is also observed for colourful and transparent corrugated sheets.
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The global Plastic Corrugated Sheet Market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Plastic Corrugated Sheet Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.
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