Global Molded Plastics Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
"Global Molded Plastics Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global molded plastics market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global molded plastics market report has been segmented on the type, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and on their economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Plastic molding is a process of shaping plastic using a rigid frame which allows creation of objects of all shapes and sizes with huge design flexibility. Molded plastics is used in a wide range of applications, which includes functional parts, structural materials, precision parts, for automotive parts as well as for industrial machine parts.
Increasing adoption of molded plastics in the packaging and automotive & transportation industries coupled with rapidly growing industrialization are major factors driving growth of the global molded plastics market over the forecast period. Various benefits offered by molded plastics such as high load melt strength, excellent rigidity, and stiffness are factors expected to propel growth of the target market over the forecast period. In addition, rapidly growing demand for molded plastics in agriculture, pharmaceutical and electronic industries is some among the other factor expected to propel growth of the global molded plastics market over the forecast period.
In addition, increasing focus of domestic as well as international players on development of innovative products are another factors expected to support growth of the target market over the forecast period.
However, fluctuating prices of raw materials is expected to hamper growth of the global molded plastics market over the forecast period. Nevertheless, company operating in the target market can focus on using bioplastic, thereby creates lucrative growth opportunity.
Market in North America accounted for significant revenue share of the global molded plastics market in terms of revenue contribution as compared to that of markets in other regions, in 2017. Asia Pacific accounts for second-highest revenue share contribution to the global market, registering a share of XX.X%, followed by markets in the Europe, Latin America, and the Middle East & Africa respectively.
In addition, the market in the Asia Pacific is projected to register comparatively faster growth in terms of revenue over the next 10 years. Increasing number of manufacturing hub for automotive, packaging, chemical, electronics and pharmaceuticals industries coupled with presence of significant number of players in the market are factors expected to support growth of the market in the region over the forecast period. The markets in Latin America and Middle East & Africa are expected to register moderate growth rate in the global molded plastics market over the forecast period.
Global Molded Plastics Market Segmentation:
Segmentation on the basis of type:
- Polyvinyl Chloride
- Polyethylene Terephthalate
Segmentation on the basis of application:
- Automotive & Transportation
- Construction & Infrastructure
- Electronics & Electrical
- Others (Agriculture and Pharmaceutical)
Global molded plastics market segmentation, by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Exxon Mobil Corporation
- Lyondellbasell Industries Holdings B.V.
- Dowdupont Inc.
- Sabic Global Ltd.
- Ineos Group Limited
- Eastman Chemical Company
- Formosa Plastics Group
- Chevron Corporation
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