openPR Logo
Press release

Polypropylene & High-impact Polystyrene Market for Injection Molding to Grow $67,498 Million by 2023

02-11-2019 08:03 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Polypropylene & High-impact Polystyrene Market for Injection Molding

Polypropylene & High-impact Polystyrene Market for Injection Molding

According to a new report published by Allied Market Research, titled, Polypropylene & High-impact polystyrene Market for Injection Molding by Material and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global polypropylene & high-impact polystyrene market for injection molding was valued at $49,511 million in 2016, and is projected to reach $67,498 million by 2023, growing at a CAGR of 4.3% from 2017 to 2023. The polypropylene segment accounted for more than 98% share of the global polypropylene & high-impact polystyrene market for injection molding in 2016.

Injection molding is a manufacturing process used in mass production. This molding process is one of the most preferred processes to manufacture essential components, which are used in original equipment manufacturing (OEM) for a wide range of industries. At present, injection molding is used to manufacture almost all types of plastic parts components. Furthermore, robotics in injection molding is becoming very common in many industries due to their long reach and high degree of flexibility. They perform several operations such as finishing and assembling injection-molded parts and loading components into the injection molding machine. Injection-molded plastics are used in the production of complex and intricate-shaped parts to ensure precision and minimize wastage. Hence, injection-molded plastics are used in the production of automotive components, interior wrapping, and numerous assembly parts.

Send Enquiry on this report @ https://www.alliedmarketresearch.com/purchase-enquiry/4637

Injection-molded polypropylene and high-impact polystyrene components are largely used in various end-user industries such as consumer goods & electronics, household, packaging, horticulture & agriculture, construction, automotive, textile, and others. This increased use of polypropylene and high-impact polystyrene in various end-user industries majorly drives the market. Furthermore, low waste production coupled with low labor cost and bulk production advantages supplements the growth of the polypropylene & high-impact polystyrene market for injection molding. However, single designed component that can be produced from injection molding and high tooling cost is expected to hamper the market growth. The use of robotics in casting process of injection molding is expected to make way for opportunities for the market growth.

Based on material, the market is segmented into polypropylene and high-impact polystyrene. The high-impact polystyrene segment is estimated to grow at the highest CAGR during the forecast period, owing to the high consumption in consumer goods industry. In consumer goods industry, the high-impact polystyrene is used in the production of refrigerator linings, vending cups, bathroom cabinets, toilet seats & tanks, closures, instrument control knobs, television, and others.

Based on application the market is segmented into consumer goods & electronics, household, packaging, horticulture & agriculture, construction, automotive, textile and others. The construction industry is the largest consumer of injection-molded polypropylene & high-impact polystyrene, owing to its inherent strength, economical nature, and easy of recyclability. Polypropylene, which is a thermoplastic polymer, is used widely in building and construction applications such as siding, air and moisture barrier membranes, carpet textiles, piping, and others.

Key Benefits for Stakeholders

• Porters Five Force's analysis helps analyze the potential of buyers and suppliers and the competitive scenario of the industry for strategy building.
• It outlines the current trends and future scenario of the polypropylene & high-impact polystyrene market for injection molding from 2017 to 2023 to understand the prevailing opportunities and potential investment pockets.
• Major countries in each region are mapped according to their individual revenue contribution to the global/regional market.
• An in-depth analysis of the current research & clinical developments within the market is provided along with the key dynamic factors.
• The key drivers, restraints, and opportunities and their detailed impact analyses are elucidated in the study.
• The profiles of key players along with their key strategic developments are enlisted in the report.

Key Findings of the Polypropylene & High-impact Polystyrene Market:

• The high-impact polystyrene segment is expected to grow at a significant CAGR of 6.8%, in terms of value, from 2017 to 2023.
• The construction segment is projected to grow at a CAGR of 5.0%, in terms of value.
• The polypropylene & high-impact polystyrene market for injection molding in Asia-Pacific is expected to grow at the highest CAGR of 5.3%, in terms of value.
• The North America polypropylene & high-impact polystyrene market for injection molding accounted for more than 38% of the global market in 2016.
• U.S. accounted for more than 67% of the North American market in 2016.

In 2016, North America and Europe collectively accounted for more than 65% of the global polypropylene & high-impact polystyrene market for injection molding industry, in terms of value. The packaging industry also majorly contributes to the growth of the injection-molded polypropylene & high-impact polystyrene, as these polystyrenes enhance the quality of packaging. Automobile sector in the North American and European regions is one of the large users of the polypropylene & high-impact polystyrene components. Furthermore, European legal framework and strategies foster the widespread use of injection-molded polypropylene & high-impact polystyrene products in various industries and provide growth opportunities for the market.

For More Info Visit @ https://www.alliedmarketresearch.com/request-sample/4637

The major companies profiled in this report are LyondellBasell, SABIC, Exxon Mobil Corporation, DuPont, INEOS, Total S.A., China Petrochemical Corporation, LG Chem, King Plastic Corporation, and Astor Chemical Industrial (jiangsu) CO.,LTD.

About us

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Polypropylene & High-impact Polystyrene Market for Injection Molding to Grow $67,498 Million by 2023 here

News-ID: 1578260 • Views: 279

More Releases from Allied Market Research

North America Geogrid Market 2020 Segmentation, Demand, Growth, Trend, Opportuni …
According to the report published by Allied Market Research, the North America geogrid market generated $282.0 million in 2019, and is estimated to reach $408.25 million by 2027, registering a CAGR of 7.0% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios. Surge in infrastructure development activities across the U.S. and Mexico and superior physical properties
Intravenous Immunoglobulin (IVIG) Market 2020 In-Depth Analysis of Industry Shar …
Global intravenous immunoglobulin market accounted for $8,995 million in 2017, and is projected to reach $15,964 million by 2025, registering a CAGR of 7.5% from 2018 to 2025. Immunoglobulin (Ig) is a plasma-derived product, which is obtained from the serum of healthy donors. The isolated plasma product is clinically treated and purified to Ig, which can be further used in the treatment of patients with antibody deficiency. Intravenous immunoglobulin (IVIG) finds
Asthma and COPD Drugs Market Is Expected to Witness a Steady Growth by 2026
"Asthma and COPD Drugs Market by Disease and Medication Class - Global Opportunity Analysis and Industry Forecasts, 2014-2022", projects that the global market for Asthma and COPD Drugs was valued at $38,960 million in 2015 and would reach $50,359 million by 2022, registering a CAGR of 3.7% from 2016 to 2022. Asthma segment dominated the market in 2015 and expected to continue its dominance throughout the forecast period. North America
Synthetic Biology Market in Global Industry by Top Companies, Type and Applicati …
Global Synthetic biology market is forecast to reach $38.7 billion by 2020, at a CAGR of 44.2% during the forecast period (2014 - 2020). Europe occupies largest share in the global market and would hold-on to its position throughout 2020. However, Asia Pacific is the fastest growing market with a CAGR of 46.4% from 2014 - 2020. Read Full Report @ https://www.alliedmarketresearch.com/synthetic-biology-market Synthetic biology is at a nascent stage and has recently

All 5 Releases


More Releases for Injection

Dextrose Injection Market Opportunity Analysis, 2018-2026.
Dextrose is also called as glucose as they are chemically identical. It plays a vital role in providing energy to body cells. Dextrose Injection is a non-pyrogenic and sterile solution for caloric supply and fluid replenishment by a single dose. Route of administration of dextrose injection is intravenous i.e. into the vein. Dosage of dextrose injection depends upon weight, age, and clinical condition of the patient. Dextrose 5% in water
Global Liraglutide Injection Market 2018 - Novo Nordisk
Apex Market Reports, recently published a detailed market research study focused on the “Liraglutide Injection Market” across the global, regional and country level. The report provides 360° analysis of “Liraglutide Injection Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of Liraglutide Injection on
Global Diesel Fuel Injection Systems Market | MarketResearchReports.biz
Latest industry research report on: Global Diesel Fuel Injection Systems Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts The Diesel Fuel Injection Systems Market has been comprehensively detailed in the report with special focus on a range of key elements such as market share, forecast and base figures, CAGR, driving factors, growth restraints, and business opportunities. Buyers of the report are expected to be informed
Paclitaxel Injection Market Snapshot by 2016 - 2026
Paclitaxel injection is a gelatinous drug, which is obtained from Pacific yew trees, after chemical synthesis process. It’s a sub-segment of antineoplastic drug class, used to cure cancer in breast, lungs, ovaries, stomach, cervix and other. Paclitaxel infection targets the tubulin, which is small globular protein in the human cell. It should be injected under the supervision of oncologist having experience in chemotherapy. It is not prescribed by the physician
Prepreg Injection Processes Benefit from Temperature Monitoring
dataTaker Handles High Channel Count for Heat Treatment Applications Plants and factories working with prepreg injection and other heat treatment applications can greatly benefit from continual temperature monitoring. Curing, molding, and automotive applications all save cost and improve PQ by using a data logger to record product temperatures. Temperature monitoring is equally applicable to monitoring phenolic, laminated material, and more. Now USA distributor CAS DataLoggers can provide your business with a single
Injection moulds
Alltech Engineering was established in 2007 to cater the demands of various plastic and engineering industries in the sphere of TOOL & MOULD Making. The founder Mr. R. Gunasekaran brings with him vast experiences as tool maker in Plastics,Jigs & Fixture, Thermo forming and vacuum forming. Further his international experiences gained in world renewed tool rooms in Korea ( JMP Ltd.)& Singapore ( UFE Ltd.)adds value to the technical expertise