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Thursday, 02 February 2023 12:10 GMT

Demand For Molded Plastics Likely To Rise Steadily From Automotive And Packaging Sectors


(MENAFN- Ameliorate Digital Consultancy)

The global market for moulded plastics, which was valued at US$ 165.8 billion in 2022, is anticipated to grow to US$ 260.5 billion by 2032, at a CAGR of 4.7%. Demand is anticipated to increase as a result of expanding use of various types of polymers across sectors and increased use of moulded plastics in the agriculture sector, supporting market expansion throughout the course of the assessment period.

Around 28.1% of the worldwide plastics market is presently accounted for by sales of moulded plastics. Due to the rapid expansion of numerous end-use industries, including electrical & electronics, automotive, transportation, etc., the moulded plastics industry has experienced substantial growth over the past five years.

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Why is Demand for Molded Plastics Likely to Rise Steadily Going Forward from Automotive and Packaging Sectors?

By using rigid frames known as moulds or matrices, polymers in the form of pellets, granules, sheets, fluids, preforms, and powders are shaped into shapes, formed parts, and components during the plastic processing process. The most often used polymers for making plastic parts include polyethylene, polyvinyl chloride, polypropylene, polyethylene terephthalate, polystyrene, polyamides, and polycarbonate.

The expanding use of diverse polymer types in a variety of industries is paving the way for market expansion in general. For instance, expanding consumer goods industry demand for safe and secure packaging and rising automobile manufacturing are projected to increase demand for moulded plastics in the upcoming years.

As a result, the market's revenue is anticipated to increase 1.6 times by the end of the forecast period.

Key Companies Profiled

  • BASF SE
  • E. I. DU PONT DE NEMOURS AND COMPANY
  • ExxonMobil Corp.
  • DuPont de Nemours, Inc.
  • Dow, Inc.
  • Huntsman International LLC
  • Eastman Chemical Company
  • INEOS Group
  • LyondellBasell Industries Holdings B.V.
  • SABIC
  • Magna International, Inc.
  • IAC Group
  • Berry Global, Inc.
  • Master Molded Products Corp.
  • HTI Plastics, Inc.
  • Rutland Plastics
  • AptarGroup, Inc.
  • Lacks Enterprises, Inc.
  • The Rodon Group
  • Heppner Molds
  • Chevron Philips Chemical Company
  • RELIANCE INDUSTRIES LIMITED

The study includes all market-related themes, markets, and problems. The paper discusses the multinational corporations that have dominated the industry in recent years as well as issues pertaining to the chosen markets. The study includes statistical information showing the state of the Molded Plastics industry on both domestic and foreign markets in the form of graphs. International specialists and analysts in the field of industry, as well as market dangers and opportunities, back the research findings.

What are the key benefits of this Molded Plastics market research report?

  • The report does a CAGR computation and covering regulatory updates, best Molded Plastics market practices, and new trends in the market.
  • The report does international Molded Plastics market analysis providing economic forecasts and country wise intelligence, risks forecast, and more.
  • The report provides domestic as well as international planning in terms of business expansion and investments.
  • The report suggests strategies to the Molded Plastics market participants that to enable them expand in their business in existing or new international markets.
  • The report is the overall outlook of the global Molded Plastics market economy.
  • The report covers all the topics in the Molded Plastics market to accurately predict the changes political, economic, and business issues and trends that may drive the market in future.

The composition of the Molded Plastics report considers the client's business expertise to identify actual development potential. A strategic model focused on growth is also built by analysts, and it comprises a complete analysis of the path to market, the capabilities that should be developed and utilised, and any potential pitfalls.

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Recent years have seen an increase in the importance of Molded Plastics research, which use a number of data collection techniques and tries to learn about consumer preferences, geographical markets, and segmentation that may give an advantage over other organisations. The data and information obtained during the research are frequently vast and intricate.

These intricate industry insights are, however, streamlined for the market study's end customers using tried-and-true methodologies and procedures. Estimates of CAGR values, market drivers, and market restrictions can be used to help businesses pick from a variety of options. A few phases or the combination of several procedures are used to begin the process of developing a market report after consulting a specialist.

Molded Plastics Market: Segmentation

  • Molded Plastics Market by Material :
    • Polypropylene
    • Polyethylene
    • Polyvinyl Chloride
    • Polystyrene
    • Polyethylene Terephthalate
    • Other Materials
  • Molded Plastics Market by End Use :
    • Packaging
    • Consumables & Electronics
    • Automotive & Transportation
    • Building & Construction
    • Other Applications
  • Molded Plastics Market by Region :
    • North America Molded Plastics Market
    • Latin America Molded Plastics Market
    • Europe Molded Plastics Market
    • East Asia Molded Plastics Market
    • South Asia & Oceania Molded Plastics Market
    • MEA Molded Plastics Market

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The key business strategies discussed in this market research revolve around-

  • Which are the key business segments in the global Molded Plastics market?
  • What are the important elements used to study the business intelligence of the market?
  • What is the market value of the dominant firms operating in the Molded Plastics industry?
  • What are the distribution networks, domestic & international traders, vendors, sellers of the individual segments in the Molded Plastics industry?
  • What are the entry barriers and expansion barriers globally in the Molded Plastics industry?
  • What are the trends in the market, growth possibilities, investment risks in the global Molded Plastics market?
  • What are the prospect opportunities and industry investment chances in the market?

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