Molded Plastics Market 2022| Growth Factors, On-going Demand, Future Trends till 2028

Molded plastics are synthetic polymers that can be molded into intricate shapes and geometries based on the applications. The properties of molded plastics can be modified by adding additives so as to obtain final molded products with desired mechanical, chemical, and electrical properties. Molded plastics are used in a number of applications ranging from airflow ducts, plastic jars, toys, automotive bumpers etc.

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Rotationally molded plastic parts must usually be resistant to chemical attack. Generally, there are several levels of chemical attack. Many plastics are degraded or chemically altered by direct chemical reaction with the environment. Polyethylene, for example, crosslinks in the presence of high-temperature oxygen. In rotational molding, this occurs on the inside of the molding, and results in oxygen-driven crosslinking and yellowing.

DYNAMICS:

The growing importance of injection-molded plastic components in the automobile interior and exterior has led to significant consumption of molded plastics in recent times. Molded plastics are widely used in the automotive sector to manufacture a range of automotive components, including instrument panels, door handles, air conditioner vents, speaker covers, column covers, grille, and bumpers. The increasing reliance of the automotive sector on the injection molding technology is anticipated to create significant opportunities for OEM businesses involved in molded plastic businesses. Moreover, the burgeoning uses of molded plastics in the medical field to manufacturing biomedical equipment and devices such as heart pumps, blood sugar monitors, skeletal braces, and fetal heartbeat monitors are anticipated to drive the molded plastics market in the forecast period.

SEGMENTATIONS:

The global molded plastics market is segmented on the basis of technology, type, and application. On the basis of technology, the molded plastics market is segmented into blow molding, injection molding, extrusion molding, rotational molding, and thermoforming. The molded plastics market on the basis of type is classified into polyethylene, polypropylene, polyvinyl chloride, polyethylene terephthalate, polystyrene, polyurethane, and others. Based on application, the global molded plastics market is divided into packaging, automotive & transportation, construction & infrastructure, agriculture, pharmaceutical, electronics & electrical, and others.

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This release was published on openPR.