Molded Plastics Market Emerging Trends, Growth Prospects, Future Scenario and Key Vendors: Exxonmobil, Lyondellbasell Industries Holdings B.V., Dowdupont, SABIC, INEOS

Global Molded Plastics Market

Global Molded Plastics Market, By Technology (Blow Molding, Injection Molding, Extrusion Molding, Rotational Molding, Thermoforming), Type (Polyethylene, Polypropylene, Polyvinyl Chloride, Polyethylene Terephthalate, Polystyrene, Polyurethane), Application (Packaging, Automotive & Transportation, Construction & Infrastructure, Agriculture, Pharmaceutical, Electronics & Electrical), Geography (North America, South America, Europe, Asia-Pacific, Middle East And Africa)– Industry Trends and Forecast to 2025.

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.

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The key players operating in the global molded plastics market are –

  • Exxonmobil
  • Lyondellbasell Industries Holdings B.V.
  • Dowdupont
  • 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 Definition: 

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.

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

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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.

Key Insights in the report:

  • Historical and current market size and projection up to 2025
  • Market trends impacting the global molded plastics market
  • Analyze and forecast molded plastics market on the basis of technology, type and application
  • Trends of key regional and country-level markets for technology, type and application
  • Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis

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