Molded Plastics Market Analysis - Polypropylene, Polyethylene, Polyvinyl Chloride, Polystyrene, Polyethylene Terephthalate, Polyethylene Terephthalate Forecast By 2024
The high-level analysis in the report provides detailed insights into the molded plastics business globally. There are currently numerous drivers for the market. The most prominent drivers include rapid growth in the packaging industry, decrease in oil prices along with technological advancements in plastic molding technologies. Lower oil prices help petrochemical companies improve margins, and it is becoming apparent that the profit margins of many of the petrochemical companies have improved quite considerably due to low oil prices boosting the demand for molded plastics. Market attractiveness analysis was carried out for the molded plasticsmarket on the basis of material, technology, application, region, and country. Market attractiveness was estimated on the basis of common parameters that directly impact the market.
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On the basis of material, the market has been segmented into polypropylene, polyethylene, polyvinyl chloride, polystyrene, polyethylene terephthalate (preforms), polyethylene terephthalate (others), and others. By molding technology the market has been segmented into injection molding, blow molding, thermoforming, and others (rotomolding andcasting). Furthermore, the molded plastics market has been segmented by various end-use applications, including packaging, consumables& electronics, automotive & transportation, building & construction, and other applications. Growth in PET preform volume is due to high demand in the packaging of food &beverage. The market value for PET preforms is expected to expand at a CAGR of 8.6% between 2016 and 2024.The two major polymers, polypropylene and polyethylene terephthalate, are expected to constitute over 50% of the total molded plastics market share.
In terms of geography, the market has been segmented into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and Latin America. China is expected to remain the dominant market in the molded plastics with demand for molded plastic reaching 85,496 kilo tons by 2024. A zero tax agreement between ASEAN and China have created a stable position for ASEAN, which is expected to expand at a CAGR of 7.5% between2016 and 2024
India is one of the fastest-growing economies in the world. Favorable government regulations and emergence of medium and small enterprises in India have contributed significantly to the molded plastics market.
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Key players in the molded plasticsmarket areBASF SE, Eastman Chemical Company, SABIC, Huntsman Corporation, LyondellBasell Industries N.V., INEOS Group AG, Chevron Phillips Chemical Company LLC, Reliance Industries Limited, Harwal Group, Al Watania Plastics, Obeikan Investment Group (OIG), and Takween Advanced Industries. The report provides an overview of these companies, followed by their financial details, business strategies, and recent developments.
Molded Plastics Market: By Material
Polyethylene Terephthalate (PET)
Molded Plastics Market: By Technology
Molded Plastics Market: By Application
Consumable & Electronics
Automotive & Transportation
Building & Construction
Molded Plastics Market: By Region
Rest of Europe
Japan and South Korea
Rest of Asia Pacific
Middle East & Africa
Rest of Middle East and Africa
Rest of Latin America
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