Press release
Large Blow Molded Products Market to Observe Strong Development by 2031, TMR Study
The global large blow molded products market was valued over US$ 4.79 Bn in 2020 and is expected to reach US$ 7.77 Bn by 2031, expanding at a CAGR of 4.6% during the forecast period of 2021 to 2031. Large blow molded products are produced by forming hollow plastic parts. Large blow molded products such as automotive air ducts, jerry cans, and hollow industrial preform parts are made by using the blow molded process. Large blow molding offers advantages compared to other injection molding processes. Many industries use one of the three blow molding types to create common every day products, while others use the process to create unique low volume products.
Most of the large blow molded products are made from a wide range of materials, including Polyethylene (PE), High Density Polyethylene, Polypropylene (PP), Polycarbonate (PC), Polystyrene (PS), and Polyethylene Terephthalate (PET). Large blow molded products possess properties such as stiffness and less breakage. Large blow molded products also have good rigidity.
๐๐๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ - https://www.transparencymarketresearch.com/large-blow-molded-products-market.html
Large blow molded products are primarily used in industries such as automotive, food & beverages, chemicals, petrochemicals, pharmaceutical, household, and construction. Large blow molded hollow plastic containers such as coolers, watering cans, construction barrels, and barriers are commonly used products in many industries. Large blow molded products are widely used in the automotive industry. The blow molding process is useful for designing and mass production of auto parts, as it is simple and cost effective. Commonly used blow molded automotive parts include automotive ductwork, liquid reservoirs, mudguards, and fenders.
๐๐๐ญ ๐๐๐ ๐๐ซ๐จ๐๐ก๐ฎ๐ซ๐ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=82825
๐๐๐ฒ ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐จ๐ ๐๐๐ซ๐ ๐ ๐๐ฅ๐จ๐ฐ ๐๐จ๐ฅ๐๐๐ ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ
The growth of the chemical industry has positively impacted the large blow molded products market due to the increase in the demand for specialty chemicals and other chemical products. The rise in the demand for FMCG, pharmaceutical, and personal care products in developing countries has boosted the demand for specialty chemicals. Products such as HDPE carboys, HDPE jerry cans, and 220 liter HMHDPE L-ring drums are widely used in the chemical industry. The demand for storage barrels of oils and bulk containers is high in countries such as China, India, Indonesia, Vietnam, and Malaysia due to the establishment of new plants of specialty chemicals in these countries. This is boosting the large blow molded products market in these countries.
Large blow molded products play a vital role in packaging of products in chemical and oil industries. HDPE blow molded kettle for edible oil is a high potential market for rural population. Lubricants and petrochemical products are stored in blow molded containers. Multi-layered PET is used to store contaminated lubricants and petrochemicals.
The increase in application of the large blow molded products in the packaging industry is likely to boost the global blow molded products market. Asia Pacific is expected to be an emerging region of the global large blow molded products market in the near future. The rise in the demand for large blow molded products in Asia Pacific is anticipated to propel the demand for packaging in the food & beverages industry in the region. This is estimated to augment the large blow molded products market in Asia Pacific.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=82825
๐๐๐ฌ๐ญ๐ซ๐๐ข๐ง๐ญ๐ฌ ๐จ๐ ๐๐๐ซ๐ ๐ ๐๐ฅ๐จ๐ฐ ๐๐จ๐ฅ๐๐๐ ๐๐ฅ๐๐ฌ๐ญ๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ
The volatility of raw material prices is expected to restrain the large blow molded products market during the forecast period. Polyethylene is a key raw material used in the manufacture of large blow molded products. These polymers are derived from petrochemicals. Thus, the price of large blow molded products depends on the global prices of petrochemical.
The unpredictability of the oil & gas industry affects the production of petrochemicals. This, in turn, leads to fluctuation in prices of polyethylene derivatives such as HDPE, LDPE, and LLDPE. This is projected to hamper the global large blow molded products market in the near future.
๐๐๐ค๐ ๐๐ง ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=82825
The increase in competition from geographies other than the Middle East; and emergence of alternatives, such as shell gas, have affected the demand-supply scenario of oil & gas products across the globe. Thus, strategies adopted by key players of petrochemicals have created price volatility in derivatives of petrochemicals. On the other hand, the large blow molded products market is price sensitive, as large blow molded products are widely adopted in consumer products. Thus, the volatility of prices of raw materials is anticipated to hamper the global large blow molded products market during the forecast period.
๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
๐๐๐ญ๐๐ฅ ๐ ๐๐๐ซ๐ข๐๐๐ญ๐ข๐จ๐ง ๐๐๐ซ๐ค๐๐ญ :
https://www.globenewswire.com/news-release/2022/10/06/2529756/0/en/Metal-Fabrication-Market-to-Reach-US-27-74-Bn-by-2031-TMR-Study.html
๐๐ฅ๐๐๐ญ๐ซ๐จ๐ฉ๐ฅ๐๐ญ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ :
https://www.accesswire.com/719285/Electroplating-Market-to-Surpass-Value-of-US-213-Bn-by-2030-TMR-Study
๐๐๐จ๐ฎ๐ญ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
๐๐จ๐ง๐ญ๐๐๐ญ
Nikhil Sawlani
Transparency Market Research Inc.
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