Global Injection
Molded Plastic Market strategic research study
offers company accounts, industry investors, and industry members with
consequential insights to enable them to make reliable strategic decisions
regarding the opportunities in the global market.
In this report, we
thoroughly examine and analyse the Global market for Injection Molded Plastic
so that market participants can improve their business strategy and ensure
long-term success. This report provides players with useful information and
suggests result-based ideas to give them a competitive advantage in the global Injection
Molded Plastic industry. It will show how other players compete in the global Injection
Molded Plastic Market and explain the strategies you use to differentiate
yourself from other participants.
This Research Report
Answers the Following Questions:
·
How Injection
Molded Plastic market
will grow in the coming year?
·
Will the COVID-19 pandemic surge the demand for such platforms?
·
How are key companies planning to promote benefits of Injection Molded Plastic?
·
What are the industry growth drivers, obstacles, and dynamics?
·
Which segment is expected to lead in the coming years?
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Global Injection Molded
Plastic Market is anticipated to reach USD 496.22 billion by 2025. Injection
molding is a method of manufacturing parts by injection of molten materials
into a mold to get a preferred size and shape of the product. This procedure is
used on several substrates such as elastomers, metals, glasses, but are mostly
used in thermosetting polymers and thermoplastics.
Factors, such as growing
construction activities in developing markets, increasing saturation in an
automotive application, positive outlook of the packaging industry,
technological advancement and rising disposable income are likely to drive the
injection molded plastic industry in the forthcoming period.
On the other hand, unstable
prices of key raw materials that include propylene, benzene, and styrene and
rising environmental concerns related with their disposal are anticipated to
hinder injection molded plastics market growth in the future. However, rise in
spending on construction specifically in growing markets is likely to create
lucrative opportunities for the market.
Injection molded plastic
industry is expected to expand at a CAGR of 6.0% in the upcoming period as the
scope, product types, and its applications are increasing across the globe.
Injection molded plastic market is segmented by raw material type, application,
distribution channel, and geography.
Injection molded plastics
industry is segmented by raw material type as High-Density Polyethylene,
Acrylonitrile-Butadiene-Styrene, Polypropylene, Polystyrene, and Others. The
“Polypropylene” segment accounted for a prominent share in the market. It is
likely to witness substantial growth in the years to come. The key factors that
could be attributed to the growth of the market include increasing consumption
of household goods, packaging applications, and automotive components.
The key applications that
is segmented in the injection molded plastics market include Consumer Goods
& Electronics, Automobile, Building & Construction, Packaging, and
Healthcare. The “Packaging” segment accounted for a prominent share in the
market. It is likely to witness substantial growth in the years to come. The
key factors that could be attributed to the growth of the market include
increased shelf life of food products, improved resistance towards tear and
wear, and high strength is a limited requirement of plastics that need to meet
for packaging applications. The injection molded plastic industry is segmented
based on distribution channel as Offline and Online distribution.
Asia-Pacific is a leading
region in the market. It is likely to maintain a dominance in the forecast
period owing to factors, such as increasing infrastructure spending, growing
automobile demand in countries such as India, China, Malaysia, and Indonesia, technological
advancement in the region, rising disposable income and key end-use industries
such as automobile and electronics are shifting their manufacturing base to
APAC countries such as India, China, Indonesia and Thailand due to low labor
prices. Asia-Pacific is followed by the Europe region.
Key players operating in
the injection molded plastic market include HTI Plastics, The Dow Chemical
Company, BASF SE, Newell Rubbermaid, DuPont, INEOS Group, Nypro Incorporation,
Rutland Plastics, LyondellBasell Industries, Berry Plastics Group, SABIC,
Huntsman International Corporation, Becton Dickinson and Magna International
Incorporation. The leading companies are involved in partnerships, mergers and
acquisitions, and joint ventures in order to boost inorganic growth of
industry.
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