The Molded plastic market is expected to register a CAGR of 6.1% over the forecast period (2017-2025) to reach US$ 217566 Million by 2025,The process of using a rigid frame or mold for shaping of plastic is called plastic molding. The mold used in the process gives the desired shape and is made of steel or aluminum. Plastic molding helps in creation of objects of all size and shape using both simple and complex designs.
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.
This report segments the molded plastic market on the basis of product, technology type, and application. On the basis of product type, the global molded plastic market is segmented into polyvinyl chloride, Polypropylene, polystyrene, low density polyethylene, Thermoforming, polyethylene terephthalate, and engineering plastics. Based on technology type, the market is segmented into injection molding, blow molding, compression molding, film insert molding, gas assist molding, rotational molding, structural form molding, and thermoforming. On the basis of application, the global molded plastic market is segmented into building and construction, electrical, and electronics, automotive, packaging, and others.
Key features of the study:
This report provides in-depth analysis of molded plastic market and provides market size in terms of revenue (US$ Billion), by revenue and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017 – 2025), considering 2015 as historical data and 2016 as the base year.
It explains the potential revenue opportunity across different segments and elucidates attractive investment proposition matrix for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the key players.
It profiles leading players in the molded plastic market based on the following parameters – company overview, product portfolio, financial performance, geographical presence, distribution strategies, key developments, and future plans.
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.
The molded plastic report caters to various stakeholders in this industry including investors, suppliers, Green Packaging manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the molded plastic market.