Molded plastics market Trends, Revenue, Competitive Landscape And Developments Forecast By 2026

 Market Overview

Molded plastics are the type of polymers, which can be molded into any size and shape for the use in commercial applications. The use of pigments and other additives enhances the quality of the molded plastics. Molded plastics are used in various end-use industries, owing to the characteristics, such as durability, lightweight, and high chemical resistance. The automobile industry uses molded plastic for manufacturing of air flow ducts, engine cover, wheel wells, car fascia, grilles, bumpers, and other components.

Extensive expansion and development in the construction, automotive, and packaging industry will boot growth in molded plastics market globally. For instance, according to Organization Internationale des Constructeurs Automobiles (OICA) the automotive industry increased with a growth rate of 4.5% during the period 2015-2016. Molded plastics are used in manufacturing automobiles that are environmentally sustainable and low-carbon emission vehicles, which are increasingly in demand. The rapid modernization in emerging economies such as India, China, and Brazil has led to increasing expansion of packaging industry owing to high outflow and inflow of fast moving consumer goods, which will in turn boost growth of molded plastic market. Furthermore, electrical and electronic industry has high demand for molded plastics as it is used in the manufacturing of electronic devices such as laptops, televisions, computers, and mobile phones.

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Market Dynamics

Asia Pacific was the largest market for injection molding in 2016 and is expected to retain its dominance during the forecast period. The high demand from the various end-use industries, such as packaging, building and construction, and automobile is expected to result in increasing demand for molded plastic market. Moreover, the plastic injection molding process yields higher production in considerably less time with minimal production waste, hence, further boosting the growth of global molded plastic market.

Detailed Segmentation:

  • Global Molded Plastic Market, By Product:

    • Polyvinyl chloride

      Polypropylene

      Polystyrene

      Low density polyethylene

      High density polyethylene

      Polyethylene Terephthalate

      Engineering Plastic

  • Global Molded Plastic Market, By Technology Type:

    • Injection molding

      Blow molding

      Compression molding

      Film insert molding

      Gas assist molding

      Rotational molding

      Structural form molding

      Thermoforming

  • Key companies covered as a part of this study include BASF SE, Eastman Chemical Company, SABIC, Huntsman Corporation, LyondellBasell Industries N.V., INEOS Group AG, Chevron Phillips Chemical Company LLC, Reliance Industries Limited, Harwal Group, Al Watania   Polypropylene,  Obeikan Investment Group (OIG), and Takween Advanced Industries .Owing to the insights from this report, marketers and the management authorities of the companies would be able to make informed decision regarding their technology up-gradation, future product launch, marketing tactics and market expansion.


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    Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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