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Molded Plastics Market Analysis 2018 and Global Top Vendors Profiles INEOS, SABIC, The Dow Chemical Company, ExxonMobil, Solvay, Eastman Chemical Company, Formosa Plastics Group, Chevron, BASF, Hanwha Group, The Chemours Company
Molded Plastics Market
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Global Molded Plastics Market, By Technology (Blow Molding, Injection Molding, Extrusion Molding, Rotational Molding, Thermoforming), Type (Polyethylene, Polypropylene, Polyvinyl Chloride, Polyethylene Terephthalate, Polystyrene, Polyurethane), Application (Packaging, Automotive & Transportation, Construction & Infrastructure, Agriculture, Pharmaceutical, Electronics & Electrical), Geography (North America, South America, Europe, Asia-Pacific, Middle East And Africa)– Industry Trends and Forecast to 2025.
Molded plastics are the polymers that can be molded in any shape and size which can be used in commercial applications. Their quality is enhanced by using pigments and other additives. They possess favourable characteristics such as high durability, high chemical resistance and light weight. The molded plastics products are used by automobile industry in manufacturing og engine cover, air flow ducts, bumpers and many more. With the rapid growth in automotive, construction, and packaging industry is fuelling the growth of the market. For instance, according to the Organization Internationale des Constructeurs Automobiles (OICA), a growth of 4.5% was seen in automobile industry in 2015-2016. The rise in demand for environment supportable and low carbon producing vehicles has led to the rise in molded plastics for manufacturing of vehicles. Also, the increase outflow and inflow of consumer goods in packaging industry is owing to the growth of the molded plastics market.
Competitive Analysis: Global Molded Plastics Market
The global molded plastics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of molded plastics market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa. For instance, in August 2014, Pexco company bought Custom Extrusion Inc to expand its plastic business in different regions of. With this acquisition, the company expanded its workfore to produce more plastic products.
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The key players operating in the global molded plastics market are –
• Exxonmobil
• Lyondellbasell Industries Holdings B.V.
• Dowdupont
• SABIC
• INEOS
• China Petroleum Corporation (China)
• Solvay S.A (Belgium)
• Eastman Chemical Company (U.S.)
• Formosa Plastics Group (FPG) (Taiwan)
• Chevron Corporation (U.S.)
• Versalis (Italy)
• BASF SE (Germany)
• Hanwha Group (South Korea)
• Reliance Industries (India)
• Westlake Chemical (texas)
• Haldia Petrochemicals (India)
• AGC Chemicals (Exton)
• Chemours Company (U.S.)
• Many more
Market Drivers:
• Packaging industry is fuelling the growth of the molded plastics market
• Growing high-tech agriculture to boost the molded plastics market
Market Restraint:
• Fluctuations in raw material prices
• Disposal issues of molded plastics
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Segmentation: Global Molded Plastics Market
By Technology
• Blow Molding
• Injection Molding
• Extrusion Molding
• Rotational Molding
• Thermoforming
By Type
• Polyethylene
• Polypropylene
• Polyvinyl Chloride
• Polyethylene Terephthalate
• Polystyrene
• Polyurethane
• Others
By Application
• Packaging
• Automotive & Transportation
• Construction & Infrastructure
• Agriculture
• Pharmaceutical
• Electronics & Electrical
• Others
By Geography
• Asia Pacific
• North America
• Europe
• South America
• Middle East & Africa
Key Insights in the report:
• Historical and current market size and projection up to 2025
• Market trends impacting the global molded plastics market
• Analyze and forecast molded plastics market on the basis of technology, type and application
• Trends of key regional and country-level markets for technology, type and application
• Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis
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About Data Bridge Market Research:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
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