Molded plastics business is anticipated to increase exchange germination in the estimated period of 2020 to 2027 expanding at an annual growth rate of 5.2% in the above-mentioned forecast cycles. Molded plastics market has shown an exceptional penetration in countries such as the Germany, Italy and France. Increasing demand of lightweight materials is a driving factor for the market growth. In developing countries, rising concern from government institutions towards recycling of molded plastics is creating opportunity for the molded plastics market.
Molded Plastics Market Scenario
According to Data Bridge Market Research, the market for molded plastics in Germany has the highest market share followed by Italy and France. Market leader is INEOS which accounts an estimated market share of approximately 25% to 30% in the Europe. The company has gained outstanding s ale through their plastics products which include polyethylene (PE), polypropylene (PP), and polyvinyl chloride (PVC).
- In February 2020, LANXESS has completed the acquisition of Itibanyl Produtos Especiais Ltda. (IPEL). With the acquisition of antimicrobial additives and formulations, LANXESS is improving its role as one of the world pioneers in the manufacturing sector. LANXESS has taken over the research facilities of the Brazilian firm, in addition to around 100 staff and a manufacturing plant.
Trends Impacting the Market
Now the question is which other regions INEOS, SABIC, and Exxon Mobil Corporation are targeting? Data Bridge Market Research has forecasted a large growth in Germany molded plastics market and the market leaders targeting Italy and France to be their next revenue pockets for 2020.
The molded plastics market is becoming more competitive every year with companies such as INEOS, SABIC, and Exxon Mobil Corporation which are the market leaders for molded plastics market. The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the molded plastics market.
For more analysis on the molded plastics market request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=europe-molded-plastics-market
Molded Plastics Market Development
- In March 2020, Versalis S.p.A. has joined the Circular Plastics Alliance (CPA) to directly adhere to the optimistic European aim of utilizing 10 million tons of recycled plastic in consumer goods by 2025. The goal of the partnership, sponsored by the European Commission, with various member companies and organizations around the value chain, is to improve plastics recycling in Europe and, at the same time, to expand the secondary raw materials sector. By joining CPA, Versalis S.p.A. has made its voluntary contributions in accordance with its circular economy plan, which is characterized by three key pillars: eco-design, recycling and alternative feedstock.
Scope of the Molded Plastics Market
Europe molded plastics market is segmented on the basis of countries into the Germany, U.K., France, Switzerland, Italy, Spain, Belgium, Netherlands, Poland, Ireland, and rest of Europe.
- All country based analysis of the molded plastics market is further analyzed based on further segmentation, On the basis of product type, the market is segmented into polypropylene (PP), polyvinyl chloride (PVC), polyethylene (PE), polyurethane (PU), polyamide (nylon), polystyrene (PS), polyethylene terephthalate, polycarbonate (PC), and others. On the basis of technology, the market is segmented into injection molding, extrusion molding, blow molding, rotational molding, thermoforming, and others. On the basis of distribution channel, the market is segmented into direct sales/B2B, distributor/third party distribution, and others. On the basis of end-user, the market is segmented into packaging, building construction, automotive & transportation, electronics & electricals, agriculture, sports equipment, medical, and others.
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Key Pointers Covered in the Europe Molded Plastics Market Industry Trends and Forecast to 2027
- Market Size
- Market Standards and Changes
- Market Trials in Different Regions
- Market Requirements in Different Regions
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Recent Market Value for Different regions
- Sales Data for Market Competitors
- Market Key Vendors and Disruptors Study
- Market Supply Chain Competiveness
- Market Value Chain Analysis
Key Market Competitors Covered in the Report
- Exxon Mobil Corporation
- LyondellBasell Industries Holdings B.V.
- DuPont
- SABIC
- Solvay
- Eastman Chemical Company
- Chevron Phillips Chemical Company
- BASF SE
- The Chemours Company
- Westlake Chemical Corporation
- SIBUR
- LANXESS
- Versalis S.p.A.
- INEOS
- Indorama Corporation
Above are the key players covered in the report, to know about more and exhaustive list of molded plastics companies’ contact us https://www.databridgemarketresearch.com/toc/?dbmr=europe-molded-plastics-market
Research Methodology: Europe Molded Plastics Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Product Providers, Market Experts and Scientists
- Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
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