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Injection Molded Plastics Market 2018 Overview | Worth 195.45 Billion USD By 2025 | Cascade Engineering, The Dow Chemical, Bemis Manufacturing, ContiTech AG, Great Wall Plastic Industries, Berry Plastics, Lacks Enterprises, SABIC Innovative Plastics, Fabr
Injection Molded Plastics Market
Injection Molded Plastics - Competitive Insights:
Prime market manufacturers that operate in the global injection molded plastic market are Cascade Engineering, The Dow Chemical, Bemis Manufacturing, ContiTech AG, Great Wall Plastic Industries, Berry Plastics, Lacks Enterprises, SABIC Innovative Plastics, Fabrik Molded Plastics, Magna International, Tupperware Brands, Sonoco, Visteon, BASF and Horizon Plastics International.
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The industry is expected to encounter considerable growth in the coming years due to rising requirements of plastic components beyond numerous industries that include home appliances, medical devices, packaging, automotive and electronics. Injection molding process includes manufacturing of products that are molded by infusing plastic that is molten by making use of heat into a mold and hardening it. Rising cost of construction, specifically in upcoming markets of India, Mexico, Russia, South Africa and China is anticipated to boost the requirement.
This is backed up all the more due to flexible elements of final products that have enhanced resistance to pressure making then efficient for numerous industries. Reduced prices of crude oil and China’s state of economy have had a powerful impact on the industry of petrochemicals. Plastics are extremely useful in packaging applications in comparison with any other material for example wood and glass. An imperative part is played by China in producing and trading derivatives of petrochemicals in a large quantity. Numerous companies have implemented approaches to preserve yearly growth and curtail the impact of reduced prices of oil. Fluctuating prices of prime raw materials that also include propylene, styrene, benzene and ethylene along with excelling environmental concerns in regard with disposals is said to hamper the growth of the market.
Injection Molded Plastics Market is segmented as follows :
Injection Molded Plastics - Injection molded plastics by raw material
HDPE
Polypropylene
ABS
Polystyrene
Others
Injection Molded Plastics - By Application
Automotive
Consumables and electronics
Building and construction
Packaging
Others
Injection Molded Plastics - Application Outlook and Trend Analysis:
The dominant application of the injection molded plastics industry was packaging with an average requirement of 30,000 kilo tons in the year 2014. The final products that are used in packaging go through several enhancement stages to make the cut of the regulatory guidelines and needs of users. Enhanced performances towards wear and tear, long lasting and increased shelf life of foods are few demands plastics need to meet for the packaging of food. The industry is anticipated to encounter major growth in medical devices and elements section. Optical clarity, biocompatibility and cost efficiency are few factors that are raising its demand in the medical industry. Strict regulations imposed regarding the use of polymer in the healthcare section is expected to influence the growth of the industry over the forecast period in a lucrative manner. Increasing preference of polymers that are bio-degradable among the manufacturers of medical devices develops opportunities for the medical industry. A rapid switch in trends regarding the replacement of steels with plastics in the industry of automotive is also expected to boost the growth of the market.
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Injection Molded Plastics - By Region:
North America - U.S, Canada, Mexico
Europe - Germany, France, UK, Italy, Spain, Rest of Europe
Asia-Pacific - Japan, China, Australia, India, South Korea, Rest of Asia Pacific
Rest of the World - Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others
Injection Molded Plastics - Regional Outlook and Trend Analysis:
The global market of injection molded plastic was led by Asia pacific and accounted more than 35% of the total market value in the year 2014. Rising cost of infrastructure along with increasing requirement of automobile in countries like China, Indonesia, Malaysia and India are anticipated to spur the market in the given region. Industries with considerable applications like automobiles and electronics are switching their manufacturing given the labor costs are low in Thailand, India and China. Manufactures in these regions are offered incentives in the form of tax benefits. This results in increased demand of manufacturing electrical and automotive parts.
Injection Molded Plastics - Table of Contents:
1. Introduction
2. Executive Summary
3. Market Overview
4. Injection Molded Plastics Market By Raw Material
4.1. Introduction
4.2. Injection Molded Plastics Market Share By Raw Material, 2016 – 2025
4.3. Polypropylene
4.3.1. Polypropylene Market Estimates and Forecast, 2016 – 2025
4.3.2. Polypropylene Market Estimates and Forecast, By Region, 2016 – 2025
4.4. Acrylonitrile Butadiene Styrene
4.4.1. Acrylonitrile Butadiene Styrene Market Estimates and Forecast, 2016 – 2025
4.4.2. Acrylonitrile Butadiene Styrene Market Estimates and Forecast, By Region, 2016 – 2025
4.5. High Density Polyethylene
4.5.1. High Density Polyethylene Market Estimates and Forecast, 2016 – 2025
4.5.2. High Density Polyethylene Market Estimates and Forecast, By Region, 2016 – 2025
4.6. Polystyrene
4.6.1. Polystyrene Market Estimates and Forecast, 2016 – 2025
4.6.2. Polystyrene Market Estimates and Forecast, By Region, 2016 – 2025
4.7. Others
4.7.1. Others Market Estimates and Forecast, 2016 – 2025
4.7.2. Others Market Estimates and Forecast, By Region, 2016 – 2025
To be Continued...
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