U.S (New York)– The “Philippines Plastic Extrusion Molded Parts Market” 2023 research report appears to cover various aspects of the market, including the strategies of top players, market segments, competitive landscape, manufacturing, and pricing structures. In this report, we will provide an in-depth analysis of the current state of the global Philippines Plastic Extrusion Molded Parts Market, its key drivers and challenges, and its future prospects. This study contains research on market dynamics, such as SWOT, PESTLE, and Porter’s Five Forces analysis, as well as details about drivers, constraints, trends, and opportunities. These studies may assist in providing a thorough overview of the worldwide industry. Additionally, the key segments of the industry are evaluated according to their performance.
The Philippines plastic extrusion molded parts market size was valued at $618.9 million in 2016 which is expected to grow at a CAGR of 3.5% during 2017 to 2023 to reach $788.2 million by 2023. Plastic extrusion molding is more flexible process as compared to other molding process with simpler operation and shorter cycle time. It facilitates the production of large molding parts with a constant cross-section at low costs. It is used to manufacture a range of plastic components such as drinking straws, pipes, curtain tracks, wall components, wall protection components, and automotive parts.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
The Philippines plastic extrusion molded parts market is driven by the low cost of feedstock & energy prices and growth in demand for extrusion parts from the construction industry. However, volatile nature of crude oil prices hampers the market growth during the forecast period. Moreover, significant growth of plastic industry in Philippines is expected to provide substantial growth opportunity to the industry players in the near future.
The Philippines plastic extrusion molded parts market is segmented based on its applications such as housing building material, automobile, and infrastructure. The report also comprises of competitors and customers active in the market. Competitors are the key players manufacturing the plastic extrusion molded parts, however, customer include the industries, which are using these extruded parts in diverse applications.
KEY MARKET BENEFITS FOR STAKEHOLDERS
This report provides an extensive analysis of the current and emerging market trends and dynamics of the Philippines plastic extrusion molded parts industry.
In-depth analysis of all applications is conducted by constructing market estimations for key segments between 2016 and 2023, which assist to identify the prevailing opportunities.
The report assists to understand the strategies adopted by the companies for market expansion.
This study evaluates the competitive landscape to understand the competitive environment across various competitors and customers in the market.
Comprehensive competitive analysis and profiles of the key customers include:
Duros Development Corp.
Nation Manufacturing and Industrial Products Corporation
Ply Gem Holdings, Inc.
Rehau Incorporated
Vision Group
DENSO Corporation
Foton Philippines
Isuzu Philippines Corporation
Mitsuwa Chemical Co., Ltd.
Eaton Corporation plc
MHG Asia Pacific
Rehau Incorporated
Roop Polymers Limited
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Comprehensive competitive analysis and profiles of the major market players include:
Gemphil Electronics Assemblies, Inc.
COFTA Moulding Corporation
Indoplas Philippines
KIMIKA Industrial Corporation
Engineered Profiles LLC
The Dow Chemical Company
Bemis Company, Inc.
Quanex Building Products Corporation
Royal Group, Inc.
Pexco LLC
Bestpak Manufacturing Enterprises, Inc.
JM Eagle, Inc.
Royal Group, Inc.
KEY MARKET SEGMENTS
By Application
Housing Building Material
Automobile
Infrastructure
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
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