Global Blow Molded Plastics Market, By Product (Polypropylene (PP), Acrylonitrile butadiene styrene (ABS), Polyethylene (PE), Polystyrene (PS), Polyvinyl Chloride (PVC), Polyethylene terephthalate (PET), Others), Technology (Injection Blow Molding, Extrusion Blow Molding, Stretch Blow Molding, Compound Blow Molding), Application (Packaging, Consumables and Electronics, Automotive and Transport, Building and Construction, Medical, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Blow Molded Plastics Market
The blow molded plastics market is expected to witness market growth at a rate of 3.20% in the forecast period of 2021 to 2028, and is estimated to reach the value of USD 98,423.54 million by 2028. Data Bridge Market Research report on blow molded plastics market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand for the product for various industrial applications is escalating the growth of blow molded plastics market.
Blow molding refers to manufacturing process that is used to create hollow plastic parts by inflating a heated plastic tube until it fills a mold and forms the desired shape. Injection blow molding, injection stretch blow molding and extrusion blow molding are the three main blow molding processes. Blow-molded parts can be formed from various thermoplastic materials, such as polyethylene terephthalate, polyvinyl chloride, acrylonitrile butadiene styrene, polyethylene, polypropylene, and polystyrene, among others.
The increase in demand for blow molded plastics in medical applications across the globe acts as one of the major factors driving the growth of blow molded plastics market. The rise in need for various pharmaceutical products, disinfectants, and sanitizers owning to the prevalence of COVID-19, and ongoing research & development accelerate the market growth. The surge in demand from the key application sectors including construction, automotive, and packaging, and high demand for machines that can deliver higher accuracy, greater cost efficiency, and maximum flexibility to offset the significantly rising cost of production among manufacturers further influence the market. Additionally, extensive use in various industries, rapid industrialization and public construction positively affect the growth of the packaging industry, rapid industrialization and increase in use of plastic components in consumer electronics positively affect the blow molded plastics market. Furthermore, ongoing practice of using plastics in manufacturing household care products extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
- On the other hand, fluctuations in raw material prices and the presence of potential substitutes are expected to obstruct the market growth. Stringent regulations are projected to challenge the blow molded plastics market in the forecast period of 2021-2028.
This blow molded plastics market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized 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 molded plastics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Blow Molded Plastics Market Scope and Market Size
The blow molded plastics market is segmented on the basis of product, 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 markets.
- On the basis of product, the blow molded plastics market is segmented into Polypropylene (PP), Acrylonitrile butadiene styrene (ABS), Polyethylene (PE), Polystyrene (PS), Polyvinyl Chloride (PVC), Polyethylene terephthalate (PET) and others.
- On the basis of technology, the blow molded plastics market is segmented into injection blow molding, extrusion blow molding, stretch blow molding, and compound blow molding.
- On the basis of application, the blow molded plastics market is segmented into packaging, consumables and electronics, automotive and transport, building and construction, medical and others.
Global Blow Molded Plastics Market Country Level Analysis
The blow molded plastics market is analyzed and market size, volume information is provided by country, product, technology and application as referenced above.
The countries covered in the global blow molded plastics market report are the 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 molded plastics market due to the favorable economic situation and the emergence of several domestic manufacturers within the region. North America is expected to be the fastest growing market during the forecast period of 2021 to 2028 because of the rising demand for PP and ABS in the packaging application in the region.
The country section of the 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 Blow Molded Plastics Market Share Analysis
The blow molded plastics 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 molded plastics market.
The major players covered in the blow molded plastics market report are Exxon Mobil, Lyondellbasell Industries Holdings B.V, Dowdupont, Sabic, Ineos Group Holdings S.A, China Petroleum Corporation, Solvay, Eastman Chemical Company, Formosa Plastics Group (FPG), Chevron Corporation, Qenos Pty Ltd, Lanxess, Eastman Chemical Company, Versalis S.P.A, BASF SE, Reliance Industries Limited, Westlake Chemical Corporation, Braskem, Haldia Petrochemicals Limited, AGC Chemicals Americas Inc., LG Chem, The Chemours Company, Shin–Etsu Chemical Co. Ltd, Lotte Chemical UK Ltd, and EMS-Chemie Holding AG, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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