Injection Molded Plastic Market Product Type, Application, Key Manufacturers and Key Regions
Global Injection Molded Plastic Market Report: Major Player Some of the prominent players operating in the global injection molded plastic market are LyondellBasell, ExxonMobil, DuPont, Huntsman Corporation, BASF, Dow Chemicals, Eastman Chemical Company, SABIC, INEOS Group AG, Chevron Phillips Chemical Company LLC, and Reliance Industries Limited among others. Global Injection Molded Plastic Market Report: Overview Injection molding is a process of manufacturing parts by injection of molten materials into a mould to get a desired shape and size of the product. This process is used on many substrates such as metals, elastomers, glasses, but are most commonly used in thermosetting polymers and thermoplastics. Injection molded plastics are a class of polymers that have an ability to be molded in any size and shape depending on the requirement of their application.
The various advantages such as lightweight, durability and enhanced chemical resistance make it ideal for the use in many applications sectors. The demand from the end use industries is a major factor driving the growth of the global injection molded plastic market. Some of the major applications of the injection molded plastic include packaging, automobile & transportation, medical, building, and construction, among others. The growing industrialization and urbanization in the developing regions across the globe is expected to boost the market during the forecast years. The global injection molded plastic market is expected to expand at an encouraging CAGR during the forecast years. The growing use of injection molded plastic in the production of air flow ducts, engine covers, bumpers, wheel wells, and others are further expected to contribute to the growth of the automobile segment during the assessed years. Among the various raw material type of injection molded plastic, polypropylene is the leading segment in the market and is anticipated to witness a burgeoning growth during the forecast years. Polypropylene accounted for over 30% of market share in 2016. The rising demand for the household, automotive, and packaging applications is substantially contributing to the growth of the segment. Among the application sector, the packaging is anticipated to grow at a considerable CAGR during the assessed period. This growth can be attributed to the various properties of
injection molded plastic to provide better resistance from wear and tear, enhance shelf life of the product, and in turn, adding to the durability of the product packed. Moreover, the growing demand from the medical and electronic sector are other factors fuelling market growth. Global Injection Molded Plastic Market Report: Regional Analysis The injection molded plastic market is segmented across five regions: Latin America, North America, Asia Pacific, Europe and the Middle East & Africa. Among these, Asia Pacific holds a major share of the market and is expected to be a dominant market with an overall market share of above 30% in 2017.
The rapid growth of industries and urbanization is fuelling the growth of injection molded plastic in the developing countries of Asia Pacific. Moreover, the favorable government regulation such as tax benefits and incentives has attracted many manufacturers to enter the market of Asia Pacific, which, in turn, is fuelling the market growth.
The European market growth is driven by the developed electrical & electronics, construction, and automobile sector. The major countries attributing to this growth are Germany, Italy, and France. The developed pharmaceutical & cosmetic industry coupled with the growing processed food demand has propelled the use of injected molding plastics in the food and nonfood packaging application in the region.
Furthermore, augmenting construction and automobile sector is further fueling the demand for injected molded plastic in the region. China, India, and Japan are the largest consumers of injection molded plastic in this region. North America is another dominant region in the market. The developed end-user industries such as construction, transportation, and electronics among others are significantly driving the market growth.
Moreover, the growing investment in renovation and construction of residential and commercial infrastructure is expected to boost the demand for injection molded plastic in the construction industry.
Geographical Analysis: The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.
Intended Audience: •Injection molded plastic market manufacturers •Traders and Distributors of Injection molded plastic market •Production Process Industries •Potential Investors •Raw Material Suppliers •Nationalized Laboratory
TABLE OF CONTENTS 1 Executive Summary 2 Scope Of The Report 2.1 Market Definition 2.2 Scope Of The Study 2.2.1 Research Objectives 2.2.2 Assumptions & Limitations 2.3 Markets Structure 3 Market Research Methodology 3.1 Research Process 3.2 Secondary Research 3.3 Primary Research 3.4 Forecast Model 4 Market Landscape 4.1 Porter’s Five Forces Analysis 4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers 4.1.3 Threat Of Substitutes 4.1.4 Segment Rivalry 4.2 Value Chain/Supply Chain Of Global Injection Molding Plastics Market 5 Industry Overview Of Global Injection Molding Plastics Market