Global Molded Plastics Market, By Technology (Blow Molding, Injection Molding, Extrusion Molding, Rotational Molding, Thermoforming), Type (Polyethylene, Polypropylene, Polyvinyl Chloride, Polyethylene Terephthalate, Polystyrene, Polyurethane), Application (Packaging, Automotive & Transportation, Construction & Infrastructure, Agriculture, Pharmaceutical, Electronics & Electrical), Geography (North America, South America, Europe, Asia-Pacific, Middle East And Africa)– Industry Trends and Forecast to 2025.
Market Analysis: Global Molded Plastics Market
The Global Molded Plastics Market is expected to reach USD 537.7 million by 2025, from USD 329.8 million in 2017 growing at a CAGR of 6.3% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year is 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Definition: Global Molded Plastics Market
Molded plastics are the polymers that can be molded in any shape and size which can be used in commercial applications. Their quality is enhanced by using pigments and other additives. They possess favourable characteristics such as high durability, high chemical resistance and light weight. The molded plastics products are used by automobile industry in manufacturing og engine cover, air flow ducts, bumpers and many more. With the rapid growth in automotive, construction, and packaging industry is fuelling the growth of the market. For instance, according to the Organization Internationale des Constructeurs Automobiles (OICA), a growth of 4.5% was seen in automobile industry in 2015-2016. The rise in demand for environment supportable and low carbon producing vehicles has led to the rise in molded plastics for manufacturing of vehicles. Also, the increase outflow and inflow of consumer goods in packaging industry is owing to the growth of the molded plastics market.
- Packaging industry is fuelling the growth of the molded plastics market
- Growing high-tech agriculture to boost the molded plastics market
- Fluctuations in raw material prices
- Disposal issues of molded plastics
Segmentation: Global Molded Plastics Market
- Blow Molding
- Injection Molding
- Extrusion Molding
- Rotational Molding
- Polyvinyl Chloride
- Polyethylene Terephthalate
- Automotive & Transportation
- Construction & Infrastructure
- Electronics & Electrical
- Asia Pacific
- South Korea
- Rest of Asia-Pacific
- North America
- Rest of Europe
- South America
- Rest of south America
- Middle East & Africa
- South Africa
- Rest of MEA
Competitive Analysis: Global Molded Plastics Market
The global molded plastics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of molded plastics market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa. For instance, in August 2014, Pexco company bought Custom Extrusion Inc to expand its plastic business in different regions of. With this acquisition, the company expanded its workfore to produce more plastic products.
Key Market Competitors: Global Molded Plastics Market
The key players operating in the global molded plastics market are –
- Lyondellbasell Industries Holdings B.V.
The other players in the market are China Petroleum Corporation (China), Solvay S.A (Belgium), Eastman Chemical Company (U.S.), Formosa Plastics Group (FPG) (Taiwan), Chevron Corporation (U.S.), Versalis (Italy), BASF SE (Germany), Hanwha Group (South Korea), Reliance Industries (India), Westlake Chemical (texas), Haldia Petrochemicals (India), AGC Chemicals (Exton), Chemours Company (U.S.) and many more.
Research Methodology: Global 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 inquiry.
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, other 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.
Key Insights in the report:
- Historical and current market size and projection up to 2025
- Market trends impacting the global molded plastics market
- Analyze and forecast molded plastics market on the basis of technology, type and application
- Trends of key regional and country-level markets for technology, type and application
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis