Press release
Molded Plastics market is expected to reach USD 879.3 billion by 2030 : Cognitive Market Research
Molded Plastics market is expected to reach USD 879.3 billion by 2030 : Cognitive Market Research
- Molded plastics are non-metallic compounds that are generated synthetically and can be molded into a variety of shapes for commercial applications. They can be softened to the desired consistency and are incredibly versatile, effective, and flexible. They are used to design tiny components with a good amount of precision and detail. Due to their high ductility, tensile strength, impact resistance, moisture resistance, and increased design flexibility, these are used in a wide range of applications, including those in building and construction, automotive and transportation, consumable and electronics, packaging, and other industries such as medical, stationary, and textiles. They are also used for the manufacture of bumpers, grilles, panels, fenders, wheel wells, engine covers, table components, air flow ducts, equipment, exterior fascia & ornamental panels, and other parts for automobiles.
Summary
• The Global Molded Plastics market reached USD 573.42 billion in 2022 and will reach USD 879.3 billion by 2030, growing at a CAGR of 4.3% from 2023 to 2030.
• North America region is forecasted to dominate the growth of the global molded plastics market
"To know more about The Molded Plastics Market statistics click here: https://www.cognitivemarketresearch.com/molded-plastics-market-report
Market Dynamics
• What are the driving factors for the global Molded Plastics Market?
Rising demand for plastic components from several end-use industries including packaging, home appliances, automotive, electrical & electronics, and medical devices is driving the global molded plastics market growth. In addition, the increasing awareness regarding hygiene-related activities has increased the growth of the packaging sector where molded plastics are frequently utilized in the production of intricate and complexly formed plastics, which fuels demand for the global molded plastics market. Furthermore, the growing adoption of 3D printing plastic composites will provide the opportunity for the growth of the global molded plastics market.
However, environmental concerns and stringent regulations restrain the molded plastics market as it takes several times to decompose. In addition, the safety concern due to the high temperature for molding the plastic will impede the global market growth.
Market Segmentation:
Product
• Polyvinyl Chloride
• Polypropylene
• Polyethylene Terephthalate
• Engineering Plastics
• High-Density Polyethylene
• Polystyrene
• Low-Density Polyethylene
Based on product the polypropylene segment has the largest revenue share in the growth of the global Molded Plastics market. This is attributed to Polypropylene-based molded plastics are versatile, safe, and low-cost molded plastics commonly used in the automotive and packaging industry.
Application
• Building and Construction
• Automotive
• Electrical and Electronics
• Packaging
• Others
Based on application, the global market is segmented into automotive, building and construction, electrical and electronics, packaging, and others. The packaging application segment dominates the global Molded Plastics market. The rise in international trade has reduced trade barriers and rationalized tariffs, leading to an increase in the trade of packaging materials and equipment, where molded plastics are frequently utilized to make package components.
Technology
• Injection Molding
• Blow Molding
• Extrusion
• Others
The Major Players in Molded Plastics Market are:
LyondeliBasell, SABIC, INEOS, DuPont, ExxonMobil, Sinopec, Dow Inc, BASF SE, Eastman Chemical Company, Chevron Corporation, Formosa Plastics Corporation, Solvay, China Plastics Extrusion Ltd., Lanxess AG, Versalis, LG Chem, Reliance Industries
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Regional Analysis:
- North America has the highest revenue share in the global molded plastics market.
North America region is forecasted to dominate the growth of the global molded plastics market. with the highest growth rate. This is attributed to the molded plastics are widely used in the packaging industries such as in the pharmaceutical sectors in the region. Furthermore, Asia Pacific is forecasted to dominate the target market in terms of revenue share. This is attributed to the increasing automotive, chemical, pharmaceutical, food and beverage, and personal care industries in the region.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
Chapter 2 Research Methodology Review Complete Research Methodology
Chapter 3 Executive Summary of Molded Plastics Market
• 3.1 Global Molded Plastics Market Size 2018 - 2030, (USD Million)
• 3.2 Global Molded Plastics Value, Absolute & Opportunity Analysis
• 3.3 Global Molded Plastics Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Molded Plastics Market Statistics 2022: Snapshot
Chapter 4 Global Molded Plastics Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Molded Plastics Market by Product Segmentation Analysis (2018-2030)
Chapter 10 Global Molded Plastics Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Molded Plastics Market by Technology Segmentation Analysis (2018-2030)
Chapter 12 Global Molded Plastics Market Regional Analysis
• 12.1 Detailed Qualitative Analysis
• 12.2 Global Molded Plastics Market Revenue by Region (2018-2030)
• 12.2 Global Molded Plastics Market Share (%) by Region (2018-2030)
Chapter 13 North America Molded Plastics Market Outlook (2018 - 2030)
Chapter 14 Europe Molded Plastics Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Molded Plastics Market Outlook (2018 - 2030)
Chapter 16 Latin America Molded Plastics Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Molded Plastics Market Outlook (2018 - 2030)
Chapter 18 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about Molded Plastics Market TOC click here: https://www.cognitivemarketresearch.com/molded-plastics-market-report#table_of_contents
Related Report
• Engineering plastics market - https://www.cognitivemarketresearch.com/engineering-plastics-market-report
• Polypropylene market - https://www.cognitivemarketresearch.com/polypropylene-market-report
• Polyvinyl chloride market - https://www.cognitivemarketresearch.com/polyvinyl-chloride-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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