Global Blow Molding Resins Market, By Type (Polyethylene, Polypropylene, Polyvinyl Chloride, Polyethylene Terephthalate, Others), Technology (Injection Blow Molding, Extrusion Blow Molding, Stretch Blow Molding, Compound Blow Molding), Application (Packaging, Automotive and Transportation, Building and Construction, Others), Country (U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Luxemburg, Rest of Europe, Japan, China, South Korea, India, Australia And New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America UAE, Saudi Arabia, Egypt, Israel, South Africa, And Rest Of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights : Global Blow Molding Resins Market
Data Bridge Market Research analyses that the blow molding resins market will witness a CAGR of 11.5% for the forecast period of 2022-2029 and is likely to reach the USD 93.88 billion by 2029.
Blow moulding is a hollow product manufacturing process that involves expanding a heated plastic mass against the inside surfaces of a mould. Chemical, scratch, and abrasion resistance, as well as a high gloss finish, are all advantages of the blow moulding method. It all starts with melting the plastic and forming a parison or, in the case of injection and injection stretch blow moulding, a preform.
The blow molding resins market is primarily driven by rising demand from various end-use industries such as packaging, automotive, and transportation. In addition, upsurge in the demand for packaging industry because of their flexibility, durability and low cost and rising urbanization and industrialization are expected to drive the blow molding resins industry's growth. Other important factors influencing the blow molding resins market growth are the growing demand for ready-to-eat processed food and changing lifestyle. Furthermore, rising demand for light weight vehicles due to strict emission regulations will drive the growth rate of blow molding resins market. Also, rising consumption of cosmetics and personal care products and health as well as hygiene in packaging properties will result in the expansion of blow molding resins market. Another significant factor that will increase the market’s growth is surging demand for light weight vehicles.
Moreover, rise in the e-commerce sector and increasing demand for blow molding resins in emerging countries will establish new opportunities for ordinary bearing manufacturers in the near future. Additionally, low installation cost and ease of operation onshore are the driver factors that will enhance the market’s growth rate and boost beneficial opportunities in the future.
On the other hand, fluctuating prices of crude oil will inhibit market expansion. Also, limitations to offshore applications will further challenge the growth rate of market. High maintenance cost associated with blow molding resins will act as restrain and further impede the growth rate of blow molding resins market for the mentioned forecast period.
This blow molding resins market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on blow molding resins market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Blow Molding Resins Market Scope and Market Size
The blow molding resins market is segmented on the basis of type, technology and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the blow molding resins market is segmented into polyethylene, polypropylene, polyvinyl chloride, polyethylene terephthalate and others.
- On the basis of technology, the blow molding resins market is segmented into injection blow molding, extrusion blow molding, stretch blow molding and compound blow molding.
- Based on application, the blow molding resins market is segmented into packaging, automotive and transportation, building and construction and others.
Blow Molding Resins Market Country Level Analysis
The blow molding resins market is analysed and market size, volume information is provided by country, type, technology and application as referenced above.
The countries covered in the blow molding resins market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the blow molding resins market due to the rapidly-increasing textile industry, growing level of disposable income and rise in the urbanization and industrialization in this region. North America is expected to grow during the forecast period of 2022-2029 due to the growing demand from food and beverages, upsurge in the demand for cosmetics and personal care products and rising construction industry in this region.
The country section of the blow molding resins market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Blow Molding Resins Market Share Analysis
The blow molding resins market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to blow molding resins market.
Some of the major players operating in the blow molding resins market are Exxon Mobil Corporation, INEOS, LANXESS, Versalis S.p.A., AGC Chemicals Americas, EMS-CHEMIE HOLDING AG, Lyondellbasell Industries Holdings B.V, Sabic, China Petroleum Corporation, Solvay, Eastman Chemical Company, Formosa Plastics Group, Chevron Corporation, Qenos Pty Ltd, Eastman Chemical Company, BASF SE, Reliance Industries Limited, Westlake Chemical Corporation, Braskem, Haldia Petrochemicals Limited, LG Chem, The Chemours Company, Shin–Etsu Chemical Co. Ltd, Lotte Chemical UK Ltd, Dow and DuPont., among others.
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