The growth of the global Molded Plastic Market is due to the growing use in the consumer packaging, household cleaning, and consumer electronics industry. Rapid growth in the construction, electricity and electronics, automotive, and packaging sectors is expected to increase demand for molded plastics over the forecast year. The use of molded plastics in the electronics and electrical industry has augmented considerably in recent years on laptops, mobile phones, computers, and televisions. Molded plastics are also approximately used in automotive applications such as bonnets, grilles, airflow ducts, cowlings, and bumpers.
Growing demand for environmentally friendly, low-carbon vehicles has increased the use of molded plastics in the automotive industry to increase fuel consumption and reduce vehicle weight.
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The growth of the global Molded Plastic Market, however, is hampered by high upfront costs and short production cycles that can form a barrier to market participants.
Major Players
The global Molded Plastic Market is majorly divided driven by well-established manufacturers such as BASF SE, Harwal Group of Companies, Eastman Chemical Company, DuPont, HTI Plastics, Reliance Industries Limited, INEOS, LyondellBasell Industries Holdings BV, Magna International Inc., SABIC, Exxon Mobil Corporation, and Takween Advanced Industries.
Regional Insights
The Asia Pacific region dominated the global molten plastics market in 2017 due to the growing acceptance of the packaging, construction, and automotive industries in the region. The growing need for environmentally friendly, low-carbon vehicles has further increased the use of molded plastics in the production of light fuel-efficient cars. In addition, the swift growth of developing economies such as India, China, and several ASEAN nations has led to spur in demand for molded plastics in numerous sectors. Several manufacturers have moved to China, India, and Indonesia. This, combined with economic growth and population growth, is expected to stimulate market growth in the region.
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The European market is also anticipated to grow as a result of growth in space and defense industry, with major established aircraft OEMs such as Dassault Aviation, Airbus Group, and BAE Systems. Molded plastic is used in the aerospace industry for battery boxes, pitot tubes, pushbuttons, switch boxes, and connectors. Also, the recovery of the automotive industry with increased light vehicle production is expected to stimulate demand for molded plastics in the region. North America is another important region for the Molded Plastic Market due to the recovery of established industries such as construction, automotive and electronics.
The Latin American market is growing considerably with the growing demand for products in the packaging industry. The use of rigid plastic has spurred considerably owing to its non-corrosive, lightweight and inexpensive, which is likely to stimulate market growth in the region.
The market in the Middle East and Africa is expected to see strong growth during the reporting period due to the booming construction sector and the rapid industrialization of the region. Demand for products is increasing in the construction sector in countries like Saudi Arabia and Qatar, due to the upcoming FIFA 2022 World Cup event.
Market Segmentation
The global Molded Plastic Market is divided based on application, material, technology, and region.
The type segment is broadly classified into polyvinylchloride, polypropylene, polyethylene terephthalate, polystyrene, polyethylene, and others
Based on the application, the market is diversified into automotive, packaging, building and construction, electronics, and others.
On the basis of technology, the global Molded Plastic Market is diversified into extrusion molding, injection molding, thermoforming, blow molding, and others.
Recent Updates
VersaFlex Labeling System developed by Mold In Graphic Systems is one of the versatile methods to decorate injection-molded, blow-molded, rotationally and thermoformed molded polyolefin products. The company marked its name in around decades ago in permanent labelling molded polyolefins and has come up with a noteworthy development in injection molding.
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TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Market Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Supply Chain Analysis
4.1.1 Raw Material Suppliers
4.1.2 Manufacturers/Producers
4.1.3 Distributors/Retailers/Wholesalers/E-Commerce
4.1.4 End Users
4.2 Porter’s Five Forces Analysis
4.2.1 Threat Of New Entrants
4.2.2 Bargaining Power Of Buyers
4.2.3 Bargaining Power Of Suppliers
4.2.4 Threat Of Substitutes
4.2.5 Intensity Of Competitive Rivalry
5 Market Dynamics Of Global Molded Plastic Market
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Challenges
5.6 Trends/Material
Related Report
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Market Research Future Published a Research Study on Molded Plastic Market Research Report, Size, Share and Industry Analysis - Forecast to 2023Competitive AnalysisSome of the key players in the global molded plastic market are-INEOS (UK)LyondellBasell Industries Holdings BV (Netherlands)Reliance Industries Limited (India)SABIC (Saudi Arabia)BASF SE (Germany)Harwal Group of Companies (UAE)DuPont (US)HTI Plastics (US)Eastman Chemical Company (US)Exxon Mobil Corporation (US)Magna International Inc. (Canada)Takween Advanced Industries (Saudi Arabia)Get a Free Sample Report Now@ https://www.marketresearchfuture.com/sample_request/6395Market SegmentationThe global molded plastics market has been segmented by material, technology, application, and region.On the basis of material, the market has been divided into polypropylene, polyvinylchloride, polystyrene, polyethylene, and polyethylene terephthalate.
The polypropylene segment accounted for the largest market share of the global molded plastics market in 2017 and is expected to grow at a considerable rate during the review period.
Polypropylene possesses various properties such as high stiffness, heat resistance, and low density, hence, it is widely used in low-friction applications and furniture in place of plastics such as acetal (POM).
It is also highly desired in various other industries such as automotive, construction, and packaging.
Polyvinylchloride is another prominent type of molded plastic owing to the increasing demand for high-performance plastics in automobiles to reduce vehicle weight and enhance fuel economy.Based on application, the market has been segmented into packaging, electronics, building and construction, automotive, and others.
The packaging segment accounted for the largest market share in 2017 owing to the growing demand for rigid packaging in household and industrial products.
Global Injection Molded Plastic Market is anticipated to reach USD 496.22 billion by 2025.
Injection molding is a method of manufacturing parts by injection of molten materials into a mold to get a preferred size and shape of the product.
This procedure is used on several substrates such as elastomers, metals, glasses, but are mostly used in thermosetting polymers and thermoplastics.
Request free sample to get a complete analysis of top-performing companies: https://www.millioninsights.com/industry-reports/injection-molded-plastic-market/request-sample Key Players:Key players operating in the injection molded plastic market include HTI Plastics, The Dow Chemical Company, BASF SE, Newell Rubbermaid, DuPont, INEOS Group, Nypro Incorporation, Rutland Plastics, LyondellBasell Industries, Berry Plastics Group, SABIC, Huntsman International Corporation, Becton Dickinson and Magna International Incorporation.
Growth Drivers: Factors, such as growing construction activities in developing markets, increasing saturation in an automotive application, positive outlook of the packaging industry, technological advancement and rising disposable income are likely to drive the injection molded plastic industry in the forthcoming period.
On the other hand, unstable prices of key raw materials that include propylene, benzene, and styrene and rising environmental concerns related with their disposal are anticipated to hinder injection molded plastics market growth in the future.
The increasing adoption of the real-time tracking technology, due to the surging integration of the internet of things (IoT) in the transportation and logistics sector, is one of the major factors fueling the demand for last mile delivery solutions across the globe.
On the other hand, the delivery-partner-centric real-time tracking technology allows businesses to get a holistic view of the efficiency of logistics.Request to Get the Sample Report: https://www.psmarketresearch.com/market-analysis/last-mile-delivery-market/report-sampleThis, in turn, inspires them to become more customer-centric.
The adoption of this technology has propelled the expansion of the e-commerce industry.
It has become imperative for both logistics service providers and e-commerce players to have a well-developed information technology (IT) infrastructure in place for enabling the efficient tracking of transactions and the movement of shipments at all times.
Besides this, the huge funding being provided to last mile delivery start-ups is also fueling the last mile delivery market advancement.Many venture capitalists and investors are making huge investments in start-ups operating in last mile logistics for expanding their businesses.
For example, Lalamove, which is an on-demand logistics provider based in Hong Kong, raised funding worth $300 million in its series D round in 2019 for expanding its operations across Asia-Pacific (APAC).
