Injection Molded Plastics Market Thriving business and opportunity 2027 | Key Vendor BASF, DOW Chemicals, Huntsman Corporation, Ineos oxide, Saudi basic industries corporation,

Injection-molded plastics is a manufacturing process used to produce various plastic products by using injecting molten material. Mostly thermoplastic and thermosetting plastic is used for the production of plastic products such as automotive parts, electronic appliances, packaging products, construction material, medical disposable syringes, toys, etc.

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Drivers
Expansion of the housewares market around the globe is a prime factor propelling the market growth of the injection molded plastics. Injection-molded plastics are used to produce various housewares products such as beverage ware, cookware, dinnerware, bake ware, flatware, and cutlery. The growth of the housewares market is also attributed to increasing population around the globe. Thus the growth of the housewares market is expected to foster the market growth of injection molded plastics.

Growth in the plastic packaging market is projected to augment the market growth of the injection molded plastics. Plastic packaging is one of the largest user of injection molded plastics. The rise in the demand for food packaging and other industrial packaging is driving demand for plastic packaging, especially across developing countries. Hence, growth in the plastic packaging market is accelerating the market growth of the injection molded plastics.

Detailed Segmentation:
• Global Injection molded plastics Market, By Raw Material:
◦ Polypropylene
◦ Acrylonitrile butadiene styrene (ABS)
◦ High Density Poly Ethylene (HDPE)
◦ Polystyrene
◦ Others
• Global Injection molded plastics Market, By Application:
◦ Packaging
◦ Consumables and Electronics
◦ Automotive and Transportation
◦ Building and Construction
◦ Others

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Global Injection Molded Plastics Market - Impact of Coronavirus (Covid-19) Pandemic
Recent disruptions in supply chain and raw material availability owing to Coronavirus (Covid-19) Pandemic have hampered the production rate of various products such as consumer goods, automotive parts, constructions materials and others. However, certain segments of the market such as healthcare and food & beverage industries are witnessing a surge in demand for plastics which in turn is expected to fuel the growth of the global injection molded plastics market till the mid-quarter of 2021.

Competitive Section
Key players are operating in the global Injection molded plastics market are BASF, DOW Chemicals, Huntsman Corporation, Ineos oxide, Saudi basic industries corporation, Exxon Mobil Corporation, Du Pont de Nemours & Company, and Lyondellbasell industries

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This release was published on openPR.