|06-15-2018 08:18 AM CET - Advertising, Media Consulting, Marketing Research||
Injection Molded Plastics Market Size, Top Manufactures, Growth Drivers, Industry Analysis and Forecast to 2025
Press release from: P&S Market Research
The growing demand from key applications including construction, automotive, and packaging, particularly in the BRICS nations such as Brazil, Russia, India, China, and South Africa, is expected to drive the growth of the injection molded plastics market during the forecast period. There has been a surge in capacity addition in growing economies such as the Middle East and Asia-Pacific in past couple of years. This, along with generating a consistent demand for injection molded plastics, also helps reduce the overall manufacturing cost.
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On the basis of raw material, the injection molded plastics market has been segmented into polypropylene, acrylonitrile butadiene styrene (ABS), high-density polyethylene (HDPE), polystyrene and others. Polypropylene is estimated to hold largest share in the injection molded plastics market in 2017, accounting for more than 25%.
The Asia-Pacific region is estimated to hold the largest share in the injection molded plastics market, accounting for more than 30% in 2017. The region is expected to hold the largest share throughout the forecast period owing, to the growing usage injection molded polypropylene, ABS and HDPE in packaging, manufacturing and industrial sectors in countries such as India, China, Indonesia, Japan, and others.
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Some of the major players operating in the global injection molded plastics industry are Exxon Mobil Corporation, BASF SE, E.I. du Pont de Nemours & Co., The Dow Chemical Company, Huntsman Corporation, Eastman Chemical Company, INEOS Group Holdings S.A., LyondellBasell Industries Holdings B.V., SABIC, and Magna International Inc.
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