Blow Molding Plastics Market By 2023: Growth Analysis And Key Players | Exxon Mobil Corporation, The Dow Company, The Plastic Forming Company, Magna International Inc., Berry Global Inc., Rutland Plastics Ltd.

Market Overview:

Blow molding plastic are a lucrative market and is expected to have a steady growth during the forecast years. Blow molding is a process of manufacturing hollow plastic parts. It includes heating of a thermoplastic resin and solidifying the molded plastic by cooling. The basic types of blow molding includes injection molding, extrusion molding, stretch blow molding and reheat and blow molding. The most common blow molded plastics are polyolefins, PVC and PET. The growing demand from the automotive and building and construction are some of the factors adding to the growth of the market.

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According to the analysis of MRFR, the major market forces and trends driving growth of the global blow molding plastic Market includes growth of packaging sector and the burgeoning growth in the automobile industry. Moreover, the increasing personal disposable income in the developing economies throughout the globe has augmented the construction activities especially in India and china which in turn is further expected to fuel the growth of the global Blow molding plastic market during the forecast period.

Competitive Landscape:

The Global Blow Molding Plastics Market is a highly lucrative market driven by flourishing growth in packaging and automobile industry, along with the propelling building and construction industry. The Dow Company (U.S.), Exxon Mobil Corporation (U.S.), Magna International Inc (Canada), IAC Group (Luxembourg), Berry Global Inc (U.S.)., Rutland Plastics Ltd (U.K)., Comar LLC (U.S.) among others are some of the major players operating in this market. Most of these market participants are adopting the expansion, product launch, and merger and acquisition tactics to strengthen their production capacities and market position. Taking account of these trends the global Blow molding plastic Market is projected to witness considerable competition over the forecast period of 2017-2023.

Key Players:

The top players available in the Global Blow Molding Plastics Market are;

• The Dow Company,
• Exxon Mobil Corporation,
• Magna International Inc.,
• IAC Group,
• Berry Global Inc.,
• Rutland Plastics Ltd.,
• Comar LLC, Inpress Plastics Ltd.,
• The Plastic Forming Company

Segmentation:

The Global Blow Molding Plastics Market is segmented on the basis of type, application and by region.

By Type:
• HDPE,
• LDPE,
• PE,
• PP,
• PVC,
• PET

By Application:
• Food Processing,
• Construction,
• Furniture & Design,
• Agriculture

By Region:
• Asia Pacific,
• North America,
• Europe,
• Middle East & Africa,
• Latin America

Regional Analysis:

The Asia Pacific holds more than 30% share in the global blow molded plastics. The Asia Pacific is driving the usage of plastic for recycling plastic compounds and environmental friendly compounds which are used for packaging is the major driver for the increase in polyethylene compounds in terms of volume. In addition, usage of molded plastics in construction sector such as decoration, electrical wiring, flooring, wall covering and water proofing is anticipated to see a growth in this region.

In North America, the automotive industry is booming and they are looking materials which are light weight and durable. Polyolefin fills the gap for producing light weight vehicles in the automotive industry and it is anticipated to see a growth in this forecast for this region.

Intended Audience:

• Blow Molding Plastics Manufacturers
• Traders and Distributors of Blow Molding Plastics
• Research and Development Institutes
• Potential Investors
• Raw Material Suppliers
• Nationalized Laboratory

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