A substrate known as blow molding resin is used in the blow molding process. Blow molding is a manufacturing process used in making of a hot tube. This process uses thermoplastic material as a substrate. Various products such as industrial bulk containers, toys, appliances components, household items, medical supplies, lawn & garden items, automotive, etc. are produced from blow-molded resins. The process of blow molding involves placing the preform inside a mold cavity and then inflating the tube. Compressed air is blown to give shape to the mold cavity. Blow molding resin is also used in packaging, food & beverages, and pharmaceutical industries.
Market dynamics
Blow molded resin is used in making light weighted vehicles. The demand for light weighted vehicles has increased which has led to the market growth significantly. Another reason for the growth of blow resin market is the increasing demand for blow molded resins in the packaging industry due to its flexibility, durability, and superior quality of scratch & chemical resistance. But rapid fluctuations in the prices of crude oil has hampered the growth of the market. Increase in the use of blow molded resins in cosmetics, personal care products, and hygiene packaging will be fuelling further extension of this market in the future.
Market scope
The "Global Blow Molded Resin Market Analysis to 2028" is a specialized and in-depth study of the chemical and material industry with a special focus on the global market trend analysis. The report aims to provide an overview of the blow molded resin market with detailed market segmentation by Type, Application and geography. The global blow molded resin market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading blow molded resin market players and offers key trends and opportunities in the market.
Market Segmentation
The global blow molded resin market is segmented into three broad categories, namely, type, application, and geography. Based on type, the market is broken into polyethylene, polypropylene, polyvinyl chloride, polyvinyl terephthalate, and others. The market is apportioned into packaging, automotive & transportation, construction & infrastructure, and others as per application.
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REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global blow molded resin market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The blow molded resin market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the blow molded resin market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the blow molded resin market in these regions.
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MARKET PLAYERSThe reports cover key developments in the blow molded resin market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from blow molded resin market are anticipated to lucrative growth opportunities in the future with the rising demand for blow molded resin in the global market. Below mentioned is the list of few companies engaged in the blow molded resin market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the blow molded resin market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
-Eastman Chemical Company
-DowDuPont
-Solvay S.A
-LG Chem
-Formosa Plastics Group
-Chevron Corporations
-INEOS
-China Petrochemical Corporation
-Reliance Industries Limited
-Lanxess
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