Molded Plastics Market - Global Industry Analysis 2024
“The development of new plastic materials and competitive pricing are some of the key strategies though which companies have penetrated the molded plastics market,” the author of the study says. Establishing a wider global presence to respond to emerging trends faster is also being seen as a technique to accelerate growth. BASF is one such company that has strengthened its global network by targeting emerging markets with high growth potential. In October 2015, the company set up an engineered plastics compounding plant in South Korea and plans to expand its existing compound capacities for engineered plastics at its site in Germany by 2017.
Get Free PDF Research Brochure for more Professional and Technical Insights: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=561
The opportunity in the global molded plastics market was pegged at US$124.8 bn in 2015 and is projected to be worth US$202.2 bn by 2024, rising at a CAGR of 5.6% therein. By volume, the market is anticipated to register a 4.3% CAGR from 2016 to 2024.
Decrease in Crude Oil Prices Positively Impacting Molded Plastics Market
The current scenario in the global oil sector, with declining oil prices, has actually driven the petrochemical industry. “Lower oil prices help petrochemical companies improve margins, and it is becoming quite evident that the profit margins of several petrochemical companies have improved quite substantially due to low oil prices,” the lead analyst at TMR observes. The growth of the petrochemical industry is sure to have a positive impact on the molded plastics market.
The rapid growth of the building and construction sector is also driving the market for molded plastics, finds TMR. “The construction sector has evolved over the years and has registered a significant market share as a consequence of continued investment from government clients and private developers in new infrastructure and real estate projects,” the author states.
On the flip side, various environmental issues associated with the use of molded plastics, economic and political instability in several countries, especially in the Middle East, and unpredictable demand patterns in many regions are anticipated to restrict the growth of the molded plastics market during the course of the forecast period.
Steady Growth in Store for Molded Plastics Market by Value and Volume
Based on material type, the molded plastics market was led by polypropylene. This segment is estimated to account for a 41% share in the overall market by the end of 2016. At present, the demand for polypropylene is higher than any other material. However, polyethylene terephthalate (PET) is anticipated to register the highest CAGR of 8.6% from 2016 to 2024. By technology, injection molding led the molded plastics market in 2015 and the segment is expected to double by 2024. Blow molding is an attractive market with an impressive growth rate, TMR reports.
Browse Market Research Report with ToC & Free Analysis : http://www.transparencymarketresearch.com/molded-plastics-market.html
Based on application, the packaging industry will remain the leading consumer of molded plastics throughout the forecast period. It is also anticipated to generate the highest revenue through 2024. The construction sector is also a key contributor to the growth of the molded plastics market. Geographically, while Asia Pacific is the leading revenue generator in the global market, the Middle East and Africa segment is projected to expand at a fast pace.
This review is based on the findings of a TMR report titled “Molded Plastics Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016-2024.”
Molded Plastics Market: By Material
Polyethylene Terephthalate (PET)
Molded Plastics Market: By Technology
Molded Plastics Market: By Application
Consumable & Electronics
Automotive & Transportation
Building & Construction
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
Visit Blog : http://globalresearchanalysis.blogspot.in/
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Molded Plastics Market - Global Industry Analysis 2024 here
News-ID: 403222 • Views: 528
More Releases from TMR – Research Reports
Power Line Communication Market to Present Highly Lucrative Opportunities for Ma …
Power Line Communication (PLC) is an emerging communication technology which enables data exchange over existing power cables. It uses power grids to communicate between two end-points. PLC technology allow users to control or retrieve data in a half-duplex manner. Furthermore, in this communication method, sender modulates the data, and injects in power cables which can be retrieved by de-modulation at the receiving end. PLC technology is widely used for home
Wood Coatings Market - Roof coatings to Register High Demand | 2025
The global wood coatings market is choc-o-bloc with players and this has served to intensify the competition over the years. Product differentiation is a key tool leveraged by players to steal a march over their competitors. Key factors promoting growth in the market are the soaring construction activities across the globe and the increasing spending capacity of people which has stoked sales of furniture. Another factor catalyzing growth in the global
Welding Materials Market - Thriving Growth In Industrial Application Segments By …
The global welding materials market is growing on account of the thriving growth of application segments such as transportation, building and construction, marine, and automobiles. The growing urbanization in developing nations will drive the growth of this market. The increasing infrastructure development in Asia Pacific will also fuel the growth of the welding materials market. The technological advancements in the automobile industry will also aid the growth of this market.
Intumescent Coatings Market Demand for Improved Fire Safety to Fuel Growth By 20 …
The global intumescent coatings market has remained moderately concentrated as nearly 45% of its overall share was held by three enterprises in 2015. These companies were Sherwin-Williams Co., PPG Industries Inc., and Nobel N.V., finds Transparency Market Research (TMR) in a new study. These companies, besides other prominent market players are continuously making efforts to expand their regional footprint by establishing new manufacturing units. While expanding operations across emerging nations has
More Releases for Molded
Molded Interconnect Device Market
Molded Interconnect Device Market-Global Industry Analysis and Forecast (2018-2026) by Process, Product Type, End-user application and geography Molded Interconnect Device Market was valued US$ 300 Mn in 2017 and is expected to reach US$ 890.5 Mn by 2026 at a CAGR of 14.57% during forecast period. Molded Interconnect Device market is segmented by process, product, end-user application and region. Increasing demand in electrical and mechanical application, rising use of Molded Interconnect Device
Molded Case Circuit Breakers Market Research Report –
Global Molded Case Circuit Breakers (MCCB) Market By Rated Current, End-User (Manufacturing & Process Industry, Residential & Commercial, Transmission & Distribution, Power Generation, and Others), and Region - Forecast Till 2024 Synopsis of Global Molded Case Circuit Breakers (MCCB) Market Circuit breakers are the most critical components of a whole electrical circuit system. These are important for the prevention of electronic devices and loads from short circuits or overload. Molded Case Circuit
Molded Plastic Packaging Market analysis report by Major Types Molded polyethy …
Molded Plastic Packaging Market Molded plastics can be modified by adding pigments to their polymers. Higher demand for flexible and functional packaging, largely for packaged food, frozen foods and beverages, is projected to positively impact segment growth in the near future. Furthermore, rapidly increasing use of rigid packaging containers and canisters for industrial applications in construction, energy, and automotive sectors is expected to benefit market growth over the forecast period. Have Questions? Request a
Molded Plastics Market - Opportunity Assessment 2015 - 2023
According to the findings of a recent report by Transparency Market Research (TMR), the molded plastics market in Gulf Cooperation Council (GCC) is highly fragmented, with ten leading companies accounting for merely 40% shares of the global pie in 2014. On the other hand, on the basis of geographical distribution, the GCC molded plastics market is consolidated, with Saudi Arabia accounting for 60% of the plastic converters while 15% belonged
Global Molded Plastics Market Analysis - 2023
Ceramics that provide properties such as fabrication and polycrystalline microstructure without reinforcement are called monolithic ceramics. Monolithic ceramics is one of the major types of products of advanced and technical ceramics. Based on the attributes mentioned above, monolithic ceramics are segmented into silicon nitride, zirconium oxide, zirconium carbide, aluminum nitride, silicon carbide, and aluminum oxide, and others. These ceramics are used to enhance lifespan and reliability of the material, and
Molded Plastics Market - GCC Industry Analysis 2023
GCC, short for Gulf Cooperation Council, represents the alliance of some of the world’s leading producers of petrochemicals – the key raw materials required for the production of synthetic polymers. These six countries are the major exporters of raw polymer to the entire globe and are second only to India when it comes to the growth rate of the polymer market. Thus, GCC countries play a major role in the