Injection Molded Plastic Market 2018-2023 | Industry Professional Survey by Worldwide Key Players : LyondellBasell, ExxonMobil, DuPont, Huntsman Corporation, BASF, Dow Chemicals

Global Injection Molded Plastic Market including size, forecast, trend, share, growth, overview, key players, technologies, market drivers, challenges, standardization, regulatory landscape, opportunities, future roadmap, value chain, ecosystem player profiles and strategies forecast to 2022.

Industry/ Innovation/ Related News:

June 2017-Dow Chemical completed construction of plastic plant in Houston. The new plant is producing 400,000 metric tons of polyethylene plastic a year. The plant also consists of 1.5 million metric tons of ethylene production which is derived from natural gas liquids. This material is primary products for production of plastics. With rising demand of polyethylene in plastic industry, the company would be able to meet customer requirements.

January 2017-BASF expanded compounding plant at Schwarzheide site, Germany. This expansion includes production capacity upto 70,000 tons of Ultramid polyamide and Ultradur polybutylene terephthalate materials. BASF runs total of PA and PBT capacity of 700,000 tons worldwide. Thus, extended capacity is able to meet rising global demand of engineering plastics.

June 2016 – BASF extended high performance portfolio products with compostable particle foam ecovio® EA. The product is bio based and possess similar properties of EPS with excellent energy absorption and good resilience when subjected to different impact loads. This product is versatile bioplastic used in numerous application such as plastic film such as organic waste bags, dualase bags or agriculture films. Moreover, compostable packaging solutions such as injection molded products would be produced from ecovio.

October 2017- Dow elastomer division launched a new products such as NORDEL™ EPDM (ethylene-propylene-diene terpolymer). This helps the automotive manufacturer to meet customer requirements of light weight and aesthetics market. the elastomer division is further investing in innovation and growth primarily in Saudi Arabia

January 2016- BASF expanded product portfolio for food contact application. These products offers special Elastollan portfolio which comprises of ether and ester based grades. These grades are used in range of injection molded and extrusion application such as conveyor belts, films and fabrics.

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Injection Molded Plastics Market Overview:

Injection molding is manufacturing process in which molten materials are injected and turn into desired shape and size through usage of mould according to requirements. This process is commonly found in thermoplastic and thermosetting polymer. These materials possess excellent chemical resistance, durability and are lightweight which enables its usage in numerous application such as packaging, consumable & electronic goods and automotive & transportation.

The global injection molded plastic market is growing at considerable CAGR owing to prominent factors such as increasing demand of plastic products in packaging and automotive industry and rising expenditure on infrastructure activities in emerging markets. Key countries such as U.S., China, Germany, India and South Korea are developing new innovative methods to produce injection molded plastics using bio-based counterparts. Moreover, rapid industrialization and supportive government policies such as 100% FDI and tax benefits are likely to boost the market growth. Volatile in raw material prices along with supply demand imbalance in petrochemical products are likely to hamper the market growth. However, changing trend towards green products in building and construction activities along with automotive and transportation industry provide lucrative opportunity to market players.

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. 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.

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.

Injection Molded Plastic Market:

LyondellBasell, ExxonMobil, DuPont, Huntsman Corporation, BASF, Dow Chemicals, Eastman Chemical Company, SABIC, INEOS Group AG, Chevron Phillips Chemical Company LLC, and Reliance Industries Limited are some of the prominent players at the forefront of competition in the Global Injection molded plastics Market and are profiled in MRFR Analysis.

Injection molded plastics Market Competitive Analysis:

The global injection molded plastics market is competitive market with presence of some tier 1 players as well as small regional players in the market. Notably, some of the key players are BASF, DowDuPont, SABIC, LyondellBasell; Eastman Chemical Company. These companies are operating in injection molded plastics and have integrated value chain for sustainability growth. Other companies are also expanding into new geographic regions to tap the market revenue growth. Few companies are also entering long term agreement with distributors channel.

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

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