North America Plastic Extrusion for Lighting Market Size By Material (Acrylic, Polycarbonate, Polymethylmethyacrylimide (PMMI)), By Application (UV Resistant & Flame-Retardant Lighting Fixtures, LED Light Strips or LED Tape Light), And Forecast

North America Plastic Extrusion for Lighting Market Size And Forecast

North America Plastic Extrusion for Lighting Market size was valued at USD 3,780.53 Million in 2021 and is projected to reach USD 6,651.59 Million by 2030, growing at a CAGR of 6.69% from 2022 to 2030.

The increasing demand for LED fixtures in the lighting industry is uplifting the scaling demand for the North America Plastic Extrusion for lighting market. The North America Plastic Extrusion for Lighting Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

North America Plastic Extrusion for Lighting Market Definition

Lighting plastic extrusions spread the light more efficiently, protect lighting fixtures from dust, and promote energy efficiency by minimizing the number of extra fixtures needed. Extrusion and light are closely related. Three optical characteristics can be measured, including haze, transmission, and gloss, to observable color and measurements outside the visible frequencies that relate to heat (infrared) and other forms of energy (ultraviolet).

North America Plastic Extrusion for Lighting Market Overview

The increasing demand for LED fixtures in the lighting industry is uplifting the scaling demand for the market. Also, increasing benefits of extruded plastics in various lighting applications is anticipated to soar the demand for the market.

The high initial cost for the setup along with the significant economic hurdles is the restraining factor that is expected to hold the growth of the market.

North America Plastic Extrusion for Lighting MarketSegmentation Analysis

The market is segmented based on Material and Application.

North America Plastic Extrusion for Lighting Market, By Material

• Acrylic• Polycarbonate• Polymethylmethyacrylimide (PMMI)• Others

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Based on Material, the market is bifurcated into Acrylic, Polycarbonate, Polymethylmethyacrylimide (PMMI), and Others. Acrylic accounted for the largest market share of 35.37% in 2021, with a market value of USD 1,337.15 Million, and is projected to grow at a CAGR of 6.44% during the forecast period. Polycarbonate was the second-largest market in 2021, valued at USD 1,233.09 Million in 2021; it is projected to grow at the highest CAGR of 7.15%.

North America Plastic Extrusion for Lighting Market, By Application

• UV Resistant & Flame-Retardant Lighting Fixtures• LED Light Strips or LED Tape Light• Commercial Lighting Apparatuses• Decorative & Structural Plastic Lighting Solutions• Others

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Based on the Application, the market is bifurcated into UV Resistant & Flame-Retardant Lighting Fixtures, LED Light Strips or LED Tape Light, Commercial Lighting Apparatuses, Decorative & Structural Plastic Lighting Solutions, and Others.

LED Light Strips or LED Tape Light accounted for the largest market share of 28.83% in 2021, with a market value of USD 1,089.87 Million and is projected to grow at a CAGR of 6.95% during the forecast period. Commercial Lighting Apparatuses was the second-largest market in 2021, valued at USD 933.62 Million in 2021; it is projected to grow at a CAGR of 6.88%. However, Decorative & Structural Plastic Lighting Solutions is projected to grow at the highest CAGR of 7.49%.

Key Players

The “North America Plastic Extrusion for Lighting Market” study report will provide valuable insight with an emphasis on the North American market. The major players in the market are Pexco, Intek Plastics, Custom Plastics, Inc., Inplex LLC, Trimco, and others. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players in North America.

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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