Molded plastics are synthetic polymers that can be molded into intricate shapes and geometries based on the applications. The properties of molded plastics can be modified by adding additives so as to obtain final molded products with desired mechanical, chemical, and electrical properties. Molded plastics are used in a number of applications ranging from airflow ducts, plastic jars, toys, automotive bumpers, etc.
MARKET DYNAMICS
The growing importance of injection-molded plastic components in the automobile interior and exterior has led to significant consumption of molded plastics in recent times. Molded plastics are widely used in the automotive sector to manufacture a range of automotive components, including instrument panels, door handles, air conditioner vents, speaker covers, column covers, grille, and bumpers. The increasing reliance of the automotive sector on the injection molding technology is anticipated to create significant opportunities for OEM businesses involved in molded plastic businesses. Moreover, the burgeoning uses of molded plastics in the medical field to manufacturing biomedical equipment and devices such as heart pumps, blood sugar monitors, skeletal braces, and fetal heartbeat monitors are anticipated to drive the molded plastics market in the forecast period.
MARKET SCOPE
The "Global Molded Plastics Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the molded plastics market with detailed market segmentation by technology, type, application, and geography. The global molded plastics market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading molded plastics market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global molded plastics market is segmented on the basis of technology, type, and application. On the basis of technology, the molded plastics market is segmented into blow molding, injection molding, extrusion molding, rotational molding, and thermoforming. The molded plastics market on the basis of type is classified into polyethylene, polypropylene, polyvinyl chloride, polyethylene terephthalate, polystyrene, polyurethane, and others. Based on application, the global molded plastics market is divided into packaging, automotive & transportation, construction & infrastructure, agriculture, pharmaceutical, electronics & electrical, 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 plastics 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 molded plastics 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 plastics 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 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 plastics market in these regions.
MARKET PLAYERS
The reports cover key developments in the molded plastics 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 plastics market are anticipated to lucrative growth opportunities in the future with the rising demand for molded plastics in the global market. Below mentioned is the list of few companies engaged in the molded plastics market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the molded plastics 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 three years, the key development in the past five years.
- Chevron Corporation
- China Petroleum Corporation
- DuPont de Nemours & Company
- Eastman Chemical Company
- Formosa Plastics Group (FPG)
- INEOS Group
- Lyondellbasell Industries Holdings B.V.:
- Reliance Industries
- SABIC
- Solvay SA
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.