Press release
Molded Plastics Market: Expanding Building and Construction Sector Triggers Demand By 2024
Molded Plastics Market
The majority of the leading players are aiming at expanding their market shares by product innovation, competitive pricing, and enhancing geographical outreach. “Collaborations between small and multinational players are paving way for molded plastics that comply with world-class quality requirements,” says TMR’s lead analyst. The global market for molded plastics had a valuation of US$124.8 bn in 2015 and is anticipated to rise to US$202.2 bn by 2024, progressing at a CAGR of 5.6% between 2016 and 2024.
Browse Market Research Report @ http://www.transparencymarketresearch.com/molded-plastics-market.html
Asia Pacific to Remain Ahead until 2024
On the basis of end-use industries, the packaging industry is the most prominent consumer of molded plastics and will retain its position until 2024. The higher price of molded plastic used for the packaging sector is the primary reason behind high revenue contribution from this segment. The building and construction sector is estimated to post noteworthy CAGR during the same period.
Geographically, Asia Pacific will continue to be at the forefront of the global market for molded plastics until 2024, thanks to the robust economic growth of countries such as China and India. The large base of population in the region, which accounts for more than half of the global population, is contributing to its leadership. The Middle East and Africa is poised to register strong growth, rising at a CAGR of 6.5% during the review period.
Fill the form for an exclusive sample of this report @ https://goo.gl/9eKuKN
Declining Oil Prices Fosters Growth Prospects
The increasing oil and gas production activity and concurrently declining oil prices are escalating the growth of the global petrochemical industry. Lower oil prices are helping petrochemical companies in improving their profit margins. Therefore, with the positive growth trajectory of the petrochemical industries, the global molded plastics market is expected to rake in a healthy share of the revenue pie.
The robust growth of the building and construction sector is also providing a fillip to the growth of the global molded plastics market. “The evolution of the construction sector in the last few years and the continuous investments by government clients and private organizations in real estate projects and new infrastructure are contributing to the growth of the industry,” says a TMR analyst.
Environmental Concerns Take their Toll on Global Molded Plastics Market
Despite the overwhelming demand from end-use industries, the various environmental issues pertaining to the use of molded plastics are restricting the market from realizing its utmost potential. Moreover, political and economic instability in various countries, especially those belonging to the Middle East region, are leading to unpredictable demand patterns in these regions, which is hampering the growth prospects of the global molded plastics market. However, the flourishing growth of the packaging industry worldwide is likely to open new avenues for market players.
About Us
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 insights for 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, TMR employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact Us:-
Transparency Market Research
90 State Street, Suite 700, Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/
Visit Blog: http://marketresearchreports2017.blogspot.in
This release was published on openPR.
Permanent link to this press release:
Copy
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: Expanding Building and Construction Sector Triggers Demand By 2024 here
News-ID: 520271 • Views: …
More Releases from Transparency Market Research
Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 …
The global solar powered agricultural dryer market, valued at US$ 1.6 billion in 2022, is projected to grow at a CAGR of 5.8% from 2023 to 2031, reaching US$ 2.4 billion by the end of 2031. Rising investments in renewable energy, growing awareness of sustainable agricultural practices, and the rapid expansion of the agricultural sector driven by population growth are key factors fueling market growth.
Uncover essential discoveries and trends from…
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Ra …
The global Technetium‐99m Market was valued at US$ 6.0 Billion in 2023 and is projected to grow at a CAGR of 3.3% from 2024 to 2034, surpassing US$ 8.6 Billion by the end of the forecast period. Advancements in nuclear imaging infrastructure, government-backed healthcare initiatives, and an increasing demand for precise diagnostic procedures are fueling this growth.
Discover essential conclusions and data from our Report in this sample -
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77100
Analysts' Viewpoint
The Technetium‐99m…
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to …
The global Equine Diagnostic Services Market, valued at approximately US$ 168 million in 2019, is projected to expand at a compound annual growth rate (CAGR) of ~5% from 2020 to 2030, reaching around US$ 280 million by 2030. Equine diagnostic services, encompassing tests like genetic, infectious disease, and imaging diagnostics, are critical for managing horse health in veterinary hospitals, clinics, and mobile settings. The market is driven by increasing equine…
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of …
The digital printing market is experiencing strong growth, driven by rapid technological advancements, rising demand for personalized and on-demand printing, and an increasing focus on sustainable solutions. Digital printing allows for the direct transfer of digital files onto a wide range of substrates, offering high-resolution output with greater speed and flexibility. Its adaptability has led to broad adoption across industries such as packaging, textiles, publishing, and advertising-sectors where customization, efficiency,…
More Releases for TMR
Cancer Diagnostics Market Reviews 2031 | TMR Study
According to a Transparency Market Research (TMR) research report, the global cancer diagnostics Market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 335.7 Bn by the end of 2031.
The study on the cancer diagnostics Market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The authors have…
LED Work Light Market 2029 | TMR Research
LED Work Light Market: Overview
The LED work light market may gain good momentum in terms of growth across the forecast period of 2019-2029 due to the growing demand from residential segments and the overwhelming benefits it provides. These high-intensity light fixtures are mainly used by technicians to assist them in their work temporarily. The use of LED work lights is increasing among many end-users due to benefits like longevity, durability,…
Dissolved Gas Analyzer Market 2025 | TMR Research
Global Dissolved Gas Analyzer Market: Overview
The high electrical and thermal stress leads to decomposition of mineral oils used inside a power transformer. This in turn leads to generation of hydrogen (H2), carbon di-oxide (CO2), carbon mono-oxide (CO), methane (CH4), ethylene (C2H4), and acetylene (C2H2) among others. The formation of these gases depends upon the faults in the transformer.
To evaluate the nature of the gases and their potential threats, dissolved gas…
Tumblers Market 2028 | TMR Research
The tumblers market is expected to set growth straight with rising demand for new attractive designs for liquors including alcoholic, and non-alcoholic in emerging region of Asia pacific. The rising disposable income, increasing access to quality products, and new product launches customised to suit the taste of the region promise major growth for the tumblers market in near future.
Download Brochure of This Market Report at - https://www.tmrresearch.com/sample/sample?flag=B&rep_id=6200
Among regions, North America,…
Hyperloop Train Market 2025 | TMR Research
Global Hyperloop Train Market: Snapshot
The global market for hyperloop train is likely to exhibit high-speed expansion in the next few years. The demand for cheap and quick modes of transport that incur low base-costs and are built on easier-to-construct infrastructure, are immune to natural calamities such as earthquakes are the key factors expected to work in favor of the global hyperloop train market.
Request Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=2000
The…
Crowdsourced Security Market 2018 - 2028 | TMR Research
Crowdsourced Security Market: Overview
The global crowdsourced security market is expected develop at a healthy pace in the coming years of the forecast period of 2018 to 2028. The mobile phone application segment of the crowdsourced security market is expected to develop at a rapid pace in these coming years. The rate of adoption of these mobile application is growing at a great pace and is thus helping the market to…
