Press release
Molded Plastics 2018 Global Market Key Players: ExxonMobil, DowDuPont, SABIC, INEOS, Solvay, Eastman Chemical Company, Formosa Plastics Group, Chevron, Versalis, BASF, Hanwha Group and Forecast to 2025
Molded Plastics Market
The report also takes the help of SWOT analysis when to come to finding all the drivers and restrains of the Molded Plastics Market, while also showing all the CAGR levels of historic year 2016, base year 2017 and forecast year 2018-2025.
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Market Drivers:
• Packaging industry is fuelling the growth of the molded plastics market
• Growing high-tech agriculture to boost the molded plastics market
Market Restraint:
• Fluctuations in raw material prices
• Disposal issues of molded plastics
Segmentation: Global Molded Plastics Market
By Technology
• Blow Molding
• Injection Molding
• Extrusion Molding
• Rotational Molding
• Thermoforming
By Type
• Polyethylene
• Polypropylene
• Polyvinyl Chloride
• Polyethylene Terephthalate
• Polystyrene
• Polyurethane
• Others
By Application
• Packaging
• Automotive & Transportation
• Construction & Infrastructure
• Agriculture
• Pharmaceutical
• Electronics & Electrical
• Others
By Geography
• Asia Pacific
• North America
• Europe
• South America
• Middle East & Africa
Competitive Analysis: Global Molded Plastics Market
The global molded plastics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of molded plastics market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa. For instance, in August 2014, Pexco company bought Custom Extrusion Inc to expand its plastic business in different regions of. With this acquisition, the company expanded its workfore to produce more plastic products.
The key players operating in the global molded plastics market are –
• Exxonmobil
• Lyondellbasell Industries Holdings B.V.
• Dowdupont
• SABIC
• INEOS
• China Petroleum Corporation (China)
• Solvay S.A (Belgium)
• Eastman Chemical Company (U.S.)
• Formosa Plastics Group (FPG) (Taiwan)
• Chevron Corporation (U.S.)
• Versalis (Italy)
• BASF SE (Germany)
• Hanwha Group (South Korea)
• Reliance Industries (India)
• Westlake Chemical (texas)
• Haldia Petrochemicals (India)
• AGC Chemicals (Exton)
• Chemours Company (U.S.)
• Many more
Market Analysis: Global Molded Plastics Market
The Global Molded Plastics Market is expected to reach USD 537.7 million by 2025, from USD 329.8 million in 2017 growing at a CAGR of 6.3% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year is 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Molded plastics are the polymers that can be molded in any shape and size which can be used in commercial applications. Their quality is enhanced by using pigments and other additives. They possess favourable characteristics such as high durability, high chemical resistance and light weight. The molded plastics products are used by automobile industry in manufacturing og engine cover, air flow ducts, bumpers and many more. With the rapid growth in automotive, construction, and packaging industry is fuelling the growth of the market. For instance, according to the Organization Internationale des Constructeurs Automobiles (OICA), a growth of 4.5% was seen in automobile industry in 2015-2016. The rise in demand for environment supportable and low carbon producing vehicles has led to the rise in molded plastics for manufacturing of vehicles. Also, the increase outflow and inflow of consumer goods in packaging industry is owing to the growth of the molded plastics market.
Frequently Asked Questions:
- What will the market size be in 2025?
- What are the key factors driving the global market?
- What are the challenges to market growth?
- Who are the key players in the market?
- What are the market opportunities and threats faced by the key players?
- What will be the growth rate in 2025?
- Which strategies are used by top players in the Global Molded Plastics Market?
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