Press release
Injection Molded Plastics Market to Display Healthy Growth During the Forecast Period
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On the basis of raw material, the injection molded plastics market is classified into polypropylene, HDPE, polystyrene, and acrylonitrile butadiene styrene (ABS). Among these, in 2017, the polypropylene classification led the market in terms of revenue and sales volume, accounting for over 25.0% share in both aspects, and it is anticipated to maintain its lead during the 2017-2025 period as well. The reason behind its dominance is the heavy polypropylene adoption in automotive components, household goods, packaging applications, and protective caps for battery housing and electric contacts.
Automotive is one of the fastest growing end-use sectors for such materials, and its prosperity is directly connected with the injection molded plastics market progress. Due to the speedy developments in the automobiles' technologies, traditional plastics are continuously being replaced by high-performance materials, such as thermoplastic elastomers. These elastomers have the properties of both rubber and plastics and also lesser weight compared to steel and other plastic products. The result of using such injection-molded thermoplastic-based elastomers and other plastics for auto part manufacturing is a significant reduction in the overall automobile weight.
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Competitive Landscape of Injection Molded Plastics Market
Some of the key players operating in the global injection molded plastics market are ExxonMobil Corporation, INEOS Group Holding S.A, Saudi Basic Industries Corporation (SABIC), Eastman Chemical Company, BASF SE, Huntsman Corporation, E.I. du Pont de Nemours and Company, and LyondellBasell Industries N.V.
Market Sagements
Based on Raw Material
Polypropylene
Acrylonitrile Butadiene Styrene (ABS)
High-Density Polyethylene (HDPE)
Polystyrene
Based on Application
Packaging
Consumables & Electronics
Automotive
Construction
Medical
Geographical Analysis
North America
U.S.
Europe
Germany
France
Italy
Asia-Pacific (APAC)
China
Japan
India
CSA
Brazil
Middle East & Africa (MEA)
Saudi Arabia
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P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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