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Competitive and Opportunities Analysis of Blow Molding Resins Market of Blow Molding Resins Market

09-07-2021 11:15 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Prophecy Market Insights

Prophecy Market Insights

Prophecy Market Insights

Global Blow Molding Resins Market accounted for US$ 44.77 billion in 2020 and is estimated to be US$ 92.08 billion by 2030 and is anticipated to register a CAGR of 7.50%. Blow molding resin is used in various applications such as packaging, automotive, and construction industries. Blow molding resin is used for the production of bottles, cans, and containers that are used in pharmaceutical, food & beverages, personal care, and chemical industries. Blow molded products also inhibits stiffness, environmental stress cracking resistance, high load melt strength, and rigidity. Such properties enhance the use of resin for blow molding applications.
The report " Global Blow Molding Resins Market, By Type (Polyethylene, Polypropylene, Polyvinyl Chloride, Polyethylene Terephthalate, and Others), By Technology (Injection Blow Molding, Extrusion Blow Molding, Stretch Blow Molding, and Compound Blow Molding), By Application (Packaging, Automotive & Transportation, Building & Construction, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Trends, Analysis, and Forecast till 2030”

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Blow molding market is driven by their rising demand from packaging industry thanks to their durability, flexibility and low cost and their superior properties of scratch and chemical resistance. They’re widely used for applications like beverage bottling, food packaging, bakery products, dry food, pet food, meat and cheese, snacks, drinks etc. which in return drives the market. Demand for able to eat processed food with longer perishability due to fast paced lifestyle raised the demand within the food and beverages packaging. Growing consumption in cosmetic and private care products and health and hygiene in packaging due to aforementioned properties is driving the expansion of the market during the forecast year. Moreover, the consumption of blow molding resins in making lightweight vehicles is driving the expansion of the market and can create growth opportunities for blow molding resins market.

Volatility in the crude oil prices is the major restrain which might hinder the growth of the blow molding resins market.
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Key Market Insights from the report:
The market report has been segmented on the basis of end-user industry, and region.
• By end-user industry, chemical processing is expected to account highest revenue share calorie availability is projected to reach 2,450 kcal per day on average in least-developed countries and exceed 3,000 kcal per day in other developing countries. This is expected to increase the demand for agricultural crops in the global market, which in turn, may increase the demand for phosphate fertilizers, thus, driving up the demand for Blow Molding Resins in chemical manufacturing.
• By region, Asia-Pacific dominated the market, owing to the growing demand for Blow Molding Resins in fertilizer and rubber processing from countries.

Competitive Landscape & their strategies:
The prominent player operating in the global blow molding resins market includes DuPont de Nemours, Inc., Eastman Chemical Company, Exxon Mobil Corporation, Solvay SA, Chevron Corporation, Reliance Industries Limited, Lyondell Basell Industries Holdings B.V., SABIC, INEOS Group Ltd., and Formosa Plastics Corporation. Blow Molding Resins Company, Texas Gulf Blow Molding Resins Company and Merafe Resources Ltd. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market.

Related Reports:
Global Ethylene Market

Global Engineering Plastics Market

About Report:
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

Explore Extensive Coverage of Prophecy Market Insights Healthcare Industry:

Key questions answered in the report:

• What will the market growth rate of Blow Molding Resins Market in 2026?
• What are the key factors driving the global Blow Molding Resins Market?
• Who are the key manufacturers in Blow Molding Resins Market space?
• What are the market opportunities, market risk and market overview of the Global Blow Molding Resins market?
• What are sales, revenue, and price analysis of top manufacturers of Blow Molding Resins Global market?
• What are sales, revenue, and price analysis by types and applications of Blow Molding Resins Market?
• What are sales, revenue, and price analysis by regions of Blow Molding Resins market?

To know more
Contact Us:
Prophecy Market Insights
+1 860 531 2701

Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.

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