Plastic Extrusion Trends 2024: What Does The Future Hold?
Plastic extrusions appear everywhere, and this growing industry is set to get even bigger. With more than 30 years of experience, we know how important it is to stay ahead of the game. We examine the current market and the plastic extrusion trends 2024 so you know what to expect over the next year.
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The current state of plastic extrusion trends
The extruded plastics market is growing. Extrusions are vital in many industries, but they are becoming increasingly important, especially as manufacturing and plastic extrusion processes change. Many organisations are also looking at new ways to source the raw materials for these items.
According to The Business Research Company’s Extruded Plastics Global Market Report 2024, the CAGR is set to grow by 5.9% from $282.67 million in 2023 to $246.52 billion in 2024. This significant growth rate is set to continue over the next few years. Experts estimate that it will reach $315.92 billion in 2028 at a CAGR of 6.4%.
But what are the main drivers of this market growth? At Transam Extrusions, we believe that these industries have had the biggest impact:
- Packaging and consumer goods
- Automotive and marine
- Construction and infrastructure development
- Agriculture and farming
Extrusions are everywhere, and changing manufacturing processes, as well as innovative new ways to use extrusions, mean massive growth. What does the future hold for the industry? Here are our predictions for plastic extrusion trends to watch out for in 2024.
The future of plastic extrusions: 2024 extrusion trends
The future of plastic extrusions is constantly changing, but there are some key emerging trends to watch out for. Here at Transam Extrusions, we believe that we are going to see growth and change in automotive sector demands, technological advancements in plastics, growing sustainability, and next-generation machinery.
Automotive demands
The automotive industry is another sector facing significant growth. Cars continue to sell quickly, with electric cars allowing people to make more energy-conscious choices when purchasing a vehicle.
A constant within this market is extruded plastic. This versatile and durable material is great for use in mass production. Here are the benefits of plastic extrusions in the automotive industry:
- Resistance to temperature - One of the benefits of plastic extrusions is that they can withstand sustained temperatures for a significant length of time. The typical operating range tends to fall between 150°C and 300°C.
- Resistance to chemicals - Both polyethylene and polypropylene offer good chemical resistance, making them ideal for use in automobiles. This resistance means that they can withstand use under the bonnet of cars.
- Resistance to UV exposure - UV stabilisers and protective surface coatings can help make plastic extrusions resistant to UV. This is key for products frequently exposed to the weather, such as cars.
- Cost-effective solutions - Plastic extrusions are some of the most cost-effective extrusions on the market. This makes it easier to achieve the desired result in automotive mass production.
Technological advancements in plastics
Plastic extrusions can be changed in different ways. These changes make them more resistant to chemicals, temperature, and UV. For many businesses, including those within the construction sector, sourcing extruded plastic capable of handling everything thrown at them is vital.
The different technological advancements in plastics have opened up a world of possibilities in the world of extruded plastic. We anticipate that many of the products made from plastic extrusion will continue to improve not only in their resistance to various chemicals and environments but also in their production methods to create more cost-effective products.
The growing sustainability trend in plastic extrusions
Sustainability is a key trend across many businesses, with industries seeking more eco-friendly options. This is a common trend in extruded plastic too, as we have seen here at Transam Extrusions.
We are proud to create 100% ethically sourced plastic extrusions using sustainable materials. Using recycled plastics, such as polypropylene and polyethylene, we are reducing our environmental impact and creating cost-effective solutions for different industries, including the automotive industry, the construction industry, and the packaging industry. We also recycle 98% of our scrap material on-site.
At Transam Extrusions, we aren’t just passionate about the plastic extrusions we create. We also use reclaimed cardboard boxes and bags as our packaging. Interested in learning more about our sustainability initiatives? Contact Transam Extrusions today.
Next-generation extrusion machinery
Advanced technologies and upgraded equipment are expected 2024 plastic extrusion trends coming to the industry. The next generation of extrusion machinery boasts greater precision, efficiency, and versatility, offering a wide range of different extruded plastic profiles to choose from.
Something that many businesses are excited about is the ability to monitor the equipment in real-time, allowing organisations to address challenges and problems as they happen and take a more proactive approach to extruding plastic.
Many of the latest equipment also factor in things like environmental impact and efficiency, blending the two together with smart tech to give you greater control over the final product. Our medical tubes and advanced TP extrusions use the latest industry innovations to deliver high-performance products to you and is a great example of what we can achieve.
Transam Extrusions predictions for 2024 plastic extrusion trends
Sustainability, cost-effectiveness, and technological advancements are just some of the plastic extrusion trends we expect to see in 2024. At Transam Extrusions, we aim to give our clients the very best we have to offer and stay up-to-date with the latest news and industry updates to help you make the right decisions. Here are our predictions for extruded plastics in 2024.
Stay ahead of 2024’s extrusion trends with Transam Extrusions
At Transam Extrusions, we create a range of products made from plastic extrusions to suit your needs. From electrical cable ducting to flexible PVC profiles and more, we can help you find the right product. Our team are here to help so call us today on 01582 883883 to speak to a member of the team.
Contact Transam Extrusions and we will get back to you as soon as possible. We work across different industries to create the perfect solution for your needs. Unsure of what you need? Check out some of the products we’ve created for different industries below.
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Extruded plastic for agriculture and farming 
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Plastic extrusions in boating/marine applications  |