Molded plastics are plastic polymers or synthetic compounds that can be shaped into various shapes according to the application. Generally, injection molding and blow molding process are used for molding the plastics. These plastics are thin walled and hollow or in liquid form. In blow molding process, the machine heats up the raw plastic until it becomes liquid and then injects air into it like a balloon whereas in injection molding the liquid form of plastic is injected into a custom mold. PET, PVC, polyethylene, polystyrene, and others are used for making molded plastics. These plastics have application across different industries such as building & construction, automotive, packaging, electrical & electronics, and others.
MARKET DYNAMICS
Rapid growth of packaging industry and rising use of plastic products in manufacturing different household and industrial products are the key factors driving the growth of molded plastic market across the globe. Moreover, growing usage of molded plastics across the electronics industry is also expected to bolster the market growth. Additionally, molded plastic products are highly durable and possess various properties such as resistance to heat and pressure which make them more appealing. This factor is also anticipated to propel the market growth over the forecast period. However, rising environmental concerns and stringent government regulations regarding the use of plastics are the factors expected to hamper the market growth in the coming few years.
MARKET SCOPE
The "Global Molded Plastic Market Analysis to 2028" is a specialized and in-depth study of the chemicals & materials industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the molded plastic market with detailed market segmentation by product, process, and application. The global molded plastic market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading molded plastic market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global molded plastic market is segmented into product, process, and application. By product, the molded plastic market is classified into PE, PVC, PET, polystyrene, and others. By process, the molded plastic market is classified into injection molding, blow molding, extrusion, and others. By application, the molded plastic market is classified into building & construction, automotive, packaging, electrical & electronics, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global molded plastic market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The molded plastic 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 molded plastic market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. 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 molded plastic market in these regions.
MARKET PLAYERS
The report covers vital developments in the molded plastic 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 partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the molded plastic market are anticipated to lucrative growth opportunities in the future with the rising demand for molded plastic in the global market. Below mentioned is the list of few companies engaged in the molded plastic market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the molded plastic market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
- BASF SE
- Lyondellbasell Industries N.V.
- E. I. du Pont de Nemours and Company
- SABIC
- Eastman Chemical Company
- INEOS Group
- Reliance Industries Limited
- HTI Plastics
- China National Petroleum Corporation
- Obeikan Investment Group
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.