Molded Plastics Market worth 475.86 Billion USD by 2023 The report "Molded Plastics Market by Type (PE,PP, PVC, PET, PS, PU), Application (Packaging, Automotive & Transportation, Construction & Infrastructure, Electronics & Electrical, Pharmaceutical, Agriculture), and Region - Global Forecast to 2023" The molded plastics market is estimated to be USD 352.21 Billion in 2018 and is projected to reach USD 475.86 Billion by 2023, at a CAGR of 6.2% between 2018 and 2023. Browse 166 market data Tables and 54 Figures spread through 188 Pages and in-depth TOC on "Molded Plastics Market� https://www.marketsandmarkets.com/Market-Reports/molded-plastic-market-164176225.html The growth of the molded plastics market can be attributed to the increasing consumption of molded plastics in the packaging, automotive & transportation, construction & infrastructure, pharmaceutical, and agriculture applications. Molded plastics possess excellent stiffness and Environmental Stress Cracking Resistance (ESCR), high load melt strength, and excellent rigidity. Packaging application segment is projected to grow at the highest CAGR between 2018 and 2023. Based on application, the molded plastics market has been segmented into packaging, automotive & transportation, construction & infrastructure, agriculture, electronics & electrical, pharmaceutical, and others. The packaging segment is projected to be fastest-growing application segment of the molded plastics market during the forecast period. The growth of this segment can be attributed to the increasing use of molded plastics to package pharmaceutical, food & beverages, cosmetics, and industrial products such as chemicals, acids, and lubricants. Molded plastics are used to produce packaging products such as packaging films, cans, bottles, and containers. The increasing per capita expenditure on food & beverages, improved lifestyle, and changing packaging patterns are some of the factors that are expected to fuel the consumption of molded plastics in packaging. The automotive & transportation is projected to grow at the second-fastest CAGR during the forecast period. The high demand for molded plastics to produce automobile parts, such as panes and railings, bumper supports, fenders, mudguards, door locking systems, consoles, garnish pillars, cockpit systems, and fuel tanks is expected to fuel the growth of the automotive & transportation application segment. APAC region is expected to lead the molded plastics market during the forecast period The molded plastics market has been studied for APAC, North America, Europe, South America, and the Middle East and Africa. The APAC molded plastics market is projected to be largest molded plastics market during the forecast period. The growth of the APAC molded plastics market can be attributed to the presence of leading molded plastics producers as well as plastic part and component manufacturers in the region. Moreover, the growing demand for molded plastics for packaging for
pharmaceuticals, food & beverage products, etc., in countries such as China, Japan, and India is also contributing to the growth of the Asia Pacific molded plastics market. ExxonMobil (US), LyondellBasell (Netherlands), DowDuPont (US), SABIC (Saudi Arabia), INEOS (Switzerland), Solvay (Belgium), Formosa Plastics (Taiwan), Chevron (US), Eastman (US), China Petroleum (China), Borealis (Germany), Versalis (Italy), LG Chem (South Korea), and Reliance Industries (India) are the leading molded plastics manufacturers globally. Speak with our Expert @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=164176225 About MarketsandMarkets MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 Micro Quadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: 1-888-600-6441 sales@marketsandmarkets.com