Blow Molding Resins Market Insights on Share, Application and Forecast Assumptions

SDKI Inc. published a new report on the blow molding resin market. This study includes the statistical and analytical approaches needed to grow the blow molded resin market. The key industry insights provided in the report provide readers with better ideas about market overviews regarding existing market scenarios. In addition, the report contains a detailed discussion of current and future market trends related to market growth.

Report sample URL
https://www.sdki.jp/sample-request-109485

The blow-molded resin market is estimated to grow from a market value of US $ 51.95 billion in 2022 to US $ 84.52 billion by 2030, with a CAGR of 7.2% during the forecast period.

High demand for blow molded products in a variety of applications such as pharmaceuticals, food and beverages, chemicals and personal care is expected to drive demand for blow molded resins. Increasing demand for lightweight vehicles is another major driver of demand for blow molded products in the automotive industry, which is expected to drive growth in the blow molded resin market. In addition, the growth of the blow-molded resin market is driven by increasing demand from the packaging industry for its durability, flexibility, low cost, excellent scratch resistance and chemical resistance. They are widely used in beverage bottling, food packaging, bakery products, dry food, pet food, meat and cheese, snacks, drinks and more. This is expected to contribute to market growth. However, fluctuations in raw material prices are expected to curb growth in the blow-molded resin market.

Market Segments

The blow-molded resin market is divided by type (polyethylene, polypropylene, polyvinyl chloride, polyvinyl terephthalate), application (packaging, automotive / transportation, construction / infrastructure), and region. These segments are further subsegmented based on various factors and consist of some additional information about the market, such as the combined annual growth rate of each segment and subsegment, the market value and volume of the valuation period.

Based on the type, the polyethylene segment is projected to be the largest and fastest growing segment of the blow molded resin market during the forecast period.

Based on the type, the polyethylene segment is projected to have the largest share between 2022 and 2030. High demand for blow molded products in the packaging, automotive and construction industries is expected to drive demand for blow molded resins. Blow molded resins are used in the manufacture of bottles, cans, and containers used in the pharmaceutical, food and beverage, personal care, and chemical industries.

Regional Overview

The Asia Pacific blow molded resin market is projected to grow at the largest CAGR between 2022 and 2030. This high growth could be primarily due to the increased use of blow-molded resins in packaging, automotive and construction, and construction and infrastructure applications. In addition, the presence of major blow-molded resin manufacturers and increasing demand for blow-molded resins from various applications in the region are expected to drive market growth in the region during the forecast period. Demand for packaging is also expected to increase due to increased disposable income and the growing popularity of skin care products. In addition, increasing demand for anti-aging products in South Korea, China, Japan and India is another significant factor expected to drive the consumption of blow molded resins in the manufacture of shampoo bottles, perfume bottles and cosmetics.

These regional segments are North America (US and Canada); Asia Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, and other Asia Pacific); Latin America (Brazil, Mexico, Argentina, and other Latin). USA); Middle East and Africa (Israel, GCC [Saudi Arabia, Arab Emirates, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, and other Middle East and Africa) and Europe (UK, Germany, France, Italy, Spain) , Hungary, Belgium, Netherlands, Luxemburg, NORDIC, Poland, Turkey, Russia and other Europe) and more.

Key Players in the Market

The key players in the blow molding resin market are Exxon (USA), LyondollBasell (Netherlands), DowDuPont (USA), SABIC (Saudi Arabia), INEOS (Switzerland), Solvay (Belgium), Formosa Plastics. (Taiwan), Chevron (USA), Eastman Chemical (USA), China Petroleum (China), Reliance Industries (India) and more. The survey includes a detailed competitive analysis of these key companies in the blow molded resin market, corporate profiles, recent developments, and key market strategies.

Detailed contents of the survey report
https://www.sdki.jp/reports/blow-molding-resins-market/109485

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This release was published on openPR.