The global injection molded plastic market is expected to reach more than USD 396.1 billion by 2026 with a CAGR of 6% during the forecast period as per a new study released by Report Ocean Market Research.
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The report “Injection Molded Plastic Market Size By Raw Material (Polystyrene, Polypropylene, Acrylonitrile-butadiene-styrene (ABS), High density polyethylene (HDPE), Others); By End-User (Automotive, Construction, Packaging, Healthcare, Consumer Goods, Others); By Region, Segments & Forecast, 2017 – 2026” provides an extensive analysis of present market dynamics and predicted future trends.
In 2017, During the forecast period, Asia-Pacific is expected to lead injection molded plastic market.
The tremendous growth in industries such as healthcare, packaging, automotive, construction and consumer goods have contributed in the growth for injection molded plastic market. The other driving factors such as lower labor cost, reduced wastage, material flexibility, introduction of lower labor cost have also contributed in the growth of the market. How-ever the factors such as concerns regarding environmental pollution, increase in demand for bio-based polymers are expected to restrict the growth of the market. Increase in demand from developing nations, technology advancement are expected to provide future opportunities to the injection molded plastic companies.
Injection molded plastic is used in many applications in automotive industry. It is used for manufacturing automotive interiors, exteriors, under hood applications, fueling framework, etc. Injection molded plastics are cost effective and hence used in almost all manufacturing automotive parts. Presently, it is also used as substitute for the metals, which offers lighter weight, provides rust resistance and reduce wear and tear in automotive parts.
Asia Pacific has the largest share in injection molded plastic market. It is also expected to lead the market through the forecasted period. In Asia-Pacific there are many emerging industries for healthcare, construction, packaging etc. There are many research and development activities carried in this market. The government has also amended favorable policies to accelerate the growth of the market. Rapid industrialization and growth of manufacturing industry further support market growth in the region. The other end-users applications for injection molded plastic are automotive, construction, packaging, healthcare, consumer goods, and others.
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The top companies for injection molded plastics are: E. I. DuPont De Nemours and Company, China National Petroleum Corporation, Huntsman Corporation, BASF SE, , LyondellBasell, Berry Plastics Group, Eastman Chemicals, , SABIC, INEOS Group, the Dow Chemical Company, Exxon Mobil Corp and many others. The companies are continuously working on new product launches and are collaborating with other companies to increase the production and cater the growing need for injection molded plastic.
Report Ocean Market Research has segmented the global injection molded plastic market on the basis of raw material, end-user, and region:
Injection Molded Plastic Raw Material Outlook (Market Revenue in USD Billion, 2015 – 2026)
Polystyrene
Polypropylene
Acrylonitrile-butadiene-styrene (ABS)
High density polyethylene (HDPE)
Others
Injection Molded Plastic End-user Outlook (Market Revenue in USD Billion, 2015 – 2026)
Automotive
Construction
Packaging
Healthcare
Consumer Goods
Others
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Injection Molded Plastic Regional Outlook (Market Revenue in USD Billion, 2015 – 2026)
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Asia Pacific
China
India
Japan
Australia
Latin America
Brazil
Middle East & Africa
UAE
Saudi Arabia
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(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Injection Molded Plastic market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Injection Molded Plastic market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Injection Molded Plastic market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Injection Molded Plastic business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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