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Molded Plastics Market Size Analysis by CAGR 7.2%, Trends, Applications, Capacity, Price, Cost, Gross Margin, Key Vendors and Forecast 2029
Molded Plastics Market Overview:Molded plastics are synthetic compounds that can be created and molded into a variety of shapes depending on their use. The polymers in these molded plastics can be customized by adding pigments and colors. Molded plastics are used to extend the shelf life of a product, increase its durability, and protect it from damage
The global Molded Plastics Market size was valued at USD 395.06 Million in 2020, It is expected to reach USD 726.22 million by 2029 expand at a compound annual growth rate (CAGR) of 7.2% from 2022-2029.
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The process of using a rigid frame for shaping plastic is called plastic molding. These are synthetic compounds that can be sculpted into various shapes based on application. Molded plastics can be redesigned by adding pigment to their synthetic polymers. The molded plastics market is likely to grow due to factors such as growing packaging and petrochemical industry, using plastics in manufacturing household care products, use of plastic components in consumer electronics, and rise in consumption of molded plastics in the automotive industry.
Molded Plastics Market Key Players
The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are ExxonMobil Corporation, Lyondell Basell Industries Holdings BV, SABIC, INEOS, DowDuPont. and Others
Recent Development
In May 2021, INEOS partnered with LACTEL to produce the world's first HDPE Milk Bottles from advanced recycling. This product will be used in the Montauban production plant. In the same year, Gruppo Maip, a leading international plastics formulator and compound producerbased in Turin, Italy, became a distributor of Eastman Tritan HM glass-filled copolyester and Treva engineering bioplastic in Europe.
In October2020, Chevron Phillips Chemical announced its first commercial-scale production of polyethylene, "Marlex Anew Circular Polyethylene," using advanced recycling technology.
In July 2020, Technimark, an American manufacturer of custom rigid plastic packaging and components, acquired Tool & Plastic Industries, an injection molding product supplier.
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Molded Plastics Market Segmentation:
Molded Plastics Market by Type, 2020-2029 (USD Millions) (Kilotons)
PE
PP
PVC
PET
PS
PU
Molded Plastics Market by End Use Industry, 2020-2029 (USD Millions) (Kilotons)
Packaging
Automotive & Transportation
Construction & Infrastructure
Electronics & Electrical
Pharmaceutical
Agriculture
Growth Factors:
Increasing demand from the Molded Plastics industries
The growing use of Molded Plastics in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in Molded Plastics Market
Molded Plastics Market Regional Analysis
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass Storage Tank (Fiberglass Tank) Professional in these regions, from 2022-2029, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Key Molded Plastics Market Trends
- The report identifies, determines, and forecasts the Global Molded Plastics Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Molded Plastics Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is expected to drive the Growth
- Rising Adoption of Market Segments in the Molded Plastics Growth
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Molded Plastics Market.
Frequently Asked Questions
What will be the global molded plastics market size in 2028?
What are the major factors that are expected to drive growth of the market during the forecast period?
What are the trends in the market?
What are the key factors hampering growth of the market?
Which are the key players in the market?
What is the current size of the market?
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