Press release
Blow Molded Plastics Market 2021 Analysis and Precise Outlook- The Plastic Forming Company, Inc., IAC Group, LyondellBasell, Dow Chemical Company
The Global Blow Molded Plastics Market report provides a detailed analysis of the dynamic research on the current situation of the market size, share, demand, development patterns, and forecast in the coming years (2021-2025). The Blow Molded Plastics Market analyzes the strategy patterns and evaluates the market size. The market studies on the growth prospects, market development potential, profitability, supply and demand, and other important subjects. Also, the report evaluates the size of the market in terms of revenue for the forecast period.The global Blow Molded Plastics market is projected to reach USD 3.6 billion by 2025 from USD 3.1 billion in 2020, at a CAGR of 3.0% from 2020 to 2025.
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Key players in the report: The Plastic Forming Company, Inc., IAC Group, LyondellBasell, Dow Chemical Company, Agri Industrial Plastics Company, Magna International Inc., Sinopec, Pet All Manufacturing Inc., Inpress Plastics Ltd, Berry Global Inc., Rutland Plastics Ltd, Sabic, ExxonMobil, Comar, LLC
Blow molded plastics are any type of hollow plastic created through the process of blow molding. Even if they don't seem to be immediately familiar, blow molded plastics are actually quite common in our everyday lives. Juice, milk, and water bottles are all examples of blow molded plastics that most of us use on a daily basis. Plastic processing is a method through which the polymers in the form of granules, pellets, sheets, preforms, fluids, and powders are converted into formed parts, shapes, and components using a rigid frame called matrix or mold. Polyethylene, polypropylene, polyvinyl chloride, polystyrene, polyethylene terephthalate, polycarbonate, and polyamides are commonly used polymers for producing plastic parts. The polymers that are used in plastic molding technologies to create plastic parts and components are considered as molded plastics.
Recent Developments:
-In October 2017, ExxonMobil started the commissioning of the polyethylene production facility in Texas, US. This expansion will increase capacity by 65% or 650,000 tons, which will lead to a new production capacity of 2.5 million tons. The company is focusing on the production of high-performance polyethylene through this expansion.
-In September 2017, SABIC established its new PP plant in the Netherlands. It will help in supplying PP resins for the automotive and packaging industries.
-In September 2017, LyondellBasell established a new manufacturing site for PP compounds in China. This site will have the capacity of 20 KTPA.
-In August 2017, Eastman Chemical Company announced the expansion of its copolyester facility in Kuantan, Malaysia. The expansion is expected to be completed in the first quarter of 2018 and will increase capacity by 20%. The overall capacity will be 360,000 tons after the expansion.
-In July 2017, LyondellBasell started commissioning of HDPE plant of capacity 500 tons per annum at Texas (US) through its Hyperzone PE technology. The company chose Texas as the manufacturing location, owing to the proximity to low-cost feedstocks and transportation infrastructure needed to ship the product to end-users, globally.
Product Segments of the Blow Molded Plastics Market on the basis of Types are:
Polypropylene
Acrylonitrile butadiene styrene
Polyethylene
Polystyrene
PVC
PET
Others
Application Segments of the Blow Molded Plastics Market on the basis of Application are:
Packaging
Consumables & Electronics
Automotive & Transport
Building & Construction
Medical
Others
Browse Full report with description and TOC:
https://www.marketinsightsreports.com/reports/01122533687/global-blow-molded-plastics-market-research-report-with-opportunities-and-strategies-to-boost-growth-covid-19-impact-and-recovery?Mode=48
Highlights of TOC:
Market Overview: It starts with product overview and scope of the global Blow Molded Plastics market and later gives consumption and production growth rate comparisons by application and product respectively. It also includes a glimpse of the regional study and Blow Molded Plastics market size analysis for the review period 2019-2025.
Company Profiles: Each company profiled in the report is assessed for its market growth keeping in view vital factors such as price, Blow Molded Plastics market gross margin, revenue, production, markets served, main business, product specifications, applications, and introduction, areas served, and production sites.
Manufacturing Cost Analysis: It includes industrial chain analysis, manufacturing process analysis, the proportion of manufacturing cost structure, and the analysis of key raw materials.
Market Dynamics: Readers are provided with a comprehensive analysis of Blow Molded Plastics market challenges, influence factors, drivers, opportunities, and trends.
Market Forecast: Here, the Blow Molded Plastics report provides consumption forecast by application, price, revenue, and production forecast by product, consumption forecast by region, production forecast by region, and production and revenue forecast.
Other Related Reports:
Global Molded Plastics Market Growth 2021-2026
https://www.marketinsightsreports.com/reports/07123068131/global-molded-plastics-market-growth-2021-2026?Mode=48
Global Injection Molded Plastics Market Growth 2021-2026
https://www.marketinsightsreports.com/reports/06223007151/global-injection-molded-plastics-market-growth-2021-2026?Mode=48
Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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