Molded Plastic Market Analysis And Outlook, Demand, Size, Future Trends And Industry Research Report
Research Reports
Mar 24, 2022
Molded Plastic Market Insights
The growth of the global Molded Plastic Market is due to the growing use in the consumer packaging, household cleaning, and consumer electronics industry. Rapid growth in the construction, electricity and electronics, automotive, and packaging sectors is expected to increase demand for molded plastics over the forecast year. The use of molded plastics in the electronics and electrical industry has augmented considerably in recent years on laptops, mobile phones, computers, and televisions. Molded plastics are also approximately used in automotive applications such as bonnets, grilles, airflow ducts, cowlings, and bumpers.
Growing demand for environmentally friendly, low-carbon vehicles has increased the use of molded plastics in the automotive industry to increase fuel consumption and reduce vehicle weight.
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The growth of the global Molded Plastic Market, however, is hampered by high upfront costs and short production cycles that can form a barrier to market participants.
Major Players
The global Molded Plastic Market is majorly divided driven by well-established manufacturers such as BASF SE, Harwal Group of Companies, Eastman Chemical Company, DuPont, HTI Plastics, Reliance Industries Limited, INEOS, LyondellBasell Industries Holdings BV, Magna International Inc., SABIC, Exxon Mobil Corporation, and Takween Advanced Industries.
Regional Insights
The Asia Pacific region dominated the global molten plastics market in 2017 due to the growing acceptance of the packaging, construction, and automotive industries in the region. The growing need for environmentally friendly, low-carbon vehicles has further increased the use of molded plastics in the production of light fuel-efficient cars. In addition, the swift growth of developing economies such as India, China, and several ASEAN nations has led to spur in demand for molded plastics in numerous sectors. Several manufacturers have moved to China, India, and Indonesia. This, combined with economic growth and population growth, is expected to stimulate market growth in the region.
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The European market is also anticipated to grow as a result of growth in space and defense industry, with major established aircraft OEMs such as Dassault Aviation, Airbus Group, and BAE Systems. Molded plastic is used in the aerospace industry for battery boxes, pitot tubes, pushbuttons, switch boxes, and connectors. Also, the recovery of the automotive industry with increased light vehicle production is expected to stimulate demand for molded plastics in the region. North America is another important region for the Molded Plastic Market due to the recovery of established industries such as construction, automotive and electronics.
The Latin American market is growing considerably with the growing demand for products in the packaging industry. The use of rigid plastic has spurred considerably owing to its non-corrosive, lightweight and inexpensive, which is likely to stimulate market growth in the region.
The market in the Middle East and Africa is expected to see strong growth during the reporting period due to the booming construction sector and the rapid industrialization of the region. Demand for products is increasing in the construction sector in countries like Saudi Arabia and Qatar, due to the upcoming FIFA 2022 World Cup event.
Market Segmentation
The global Molded Plastic Market is divided based on application, material, technology, and region.
The type segment is broadly classified into polyvinylchloride, polypropylene, polyethylene terephthalate, polystyrene, polyethylene, and others
Based on the application, the market is diversified into automotive, packaging, building and construction, electronics, and others.
On the basis of technology, the global Molded Plastic Market is diversified into extrusion molding, injection molding, thermoforming, blow molding, and others.
Recent Updates
VersaFlex Labeling System developed by Mold In Graphic Systems is one of the versatile methods to decorate injection-molded, blow-molded, rotationally and thermoformed molded polyolefin products. The company marked its name in around decades ago in permanent labelling molded polyolefins and has come up with a noteworthy development in injection molding.
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TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Market Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Supply Chain Analysis
4.1.1 Raw Material Suppliers
4.1.2 Manufacturers/Producers
4.1.3 Distributors/Retailers/Wholesalers/E-Commerce
4.1.4 End Users
4.2 Porter’s Five Forces Analysis
4.2.1 Threat Of New Entrants
4.2.2 Bargaining Power Of Buyers
4.2.3 Bargaining Power Of Suppliers
4.2.4 Threat Of Substitutes
4.2.5 Intensity Of Competitive Rivalry
5 Market Dynamics Of Global Molded Plastic Market
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Challenges
5.6 Trends/Material
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