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Injection Molded Plastics Market Share, Trends, Opportunities Analysis and Industry Overview
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The versatility of injection molded plastics makes them ideal for crafting intricate, precise parts with minimal waste. This has led to their utilization in automotive manufacturing, interior wrapping, miscellaneous assembly parts, and packaging applications, enhancing aesthetics and consumer appeal. In the construction sector, these plastics are preferred for their strength, durability, and appearance, serving purposes like piping systems, insulation, wall boards, and roofing materials.
The healthcare industry is witnessing the fastest growth in the use of injection molded plastics. Applications include blood sample analysis cuvettes, pregnancy test devices, and various medical device components. The lightweight, cost-effectiveness, and easy serialization of injection molded plastics contribute to their popularity in healthcare
The automated injection molding process reduces manufacturing costs and minimizes waste production. The ability to simultaneously use different types of plastics for manufacturing, coupled with technological advancements involving robotic operations for finishing, assembling, and loading components, further propels market growth. However, challenges such as high initial tooling costs and fluctuations in petroleum prices pose potential obstacles.
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Segment Review:
The world injection molded plastics market is segmented based on raw materials, applications, and geography. Polypropylene leads as the primary raw material, accounting for 39% of the market in 2014. In terms of applications, packaging holds the highest share at 37%, driven by the demand for rigid packaging in industrial and consumer sectors.
India Review:
India's plastics industry made a significant entry in 1957 with polystyrene. As one of the leading exporters of plastics among developing nations, India benefits from robust infrastructure, cheap labor, and production capacity. The injection molded plastics market in India is expected to flourish due to increased industrialization and the rising use of plastic parts.
Top Winning Strategies:
Companies in the market employ various strategies, including new product launches, expansions, joint ventures, and acquisitions to maintain competitiveness. Product launches emerge as a key strategy among leading players in the injection molded plastics market. The report provides a comprehensive analysis of these companies, shedding light on the competitive landscape within the market.
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KEY BENEFITS:
This injection molded plastics market report provides a detailed analysis of the factors that drive and restrict the market growth.
The projections of injection molding in plastic industry are based on the analyses of the current trends and future potential for the period of 2014-2020 in terms of value and volume.
SWOT analyses of leading players highlight the internal environment of leading companies for effective strategy formulation.
This report provides the quantitative analysis of the current size and estimations during the period of 2014-2020 to identify the latent opportunities.
This global injection molded plastics market report provides an exhaustive analysis of the application with respect to the raw material type to understand the trend of preferred raw materials used in each application segment.
A comprehensive analysis of all geographic regions have been provided to determine the prevailing opportunities present in these regions.
Leading Market Players
► BASF SE
► Exxon Mobil
► DuPont
► Dow Chemical Company
► Huntsman Corporation
► LyondellBasell
► Eastman
► SABIC
► CNPC and INEOS.
Similar Report:
Plastic Compounding Market: https://www.alliedmarketresearch.com/plastic-compounding-market
Recycled Plastic Market: https://www.alliedmarketresearch.com/recycled-plastic-market
Electric Vehicle Plastic Market: https://www.alliedmarketresearch.com/electric-vehicle-plastic-market-A15856
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