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Injection Molded Plastics Market Pegged for Robust Expansion by 2027<br>
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Injection Molded Plastics Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2027 ©2019 Transparency Market Research, All Rights Reserved
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Injection molding is a very wide term which involves process of molding metals, ceramics, plastics and some other compounds. Injection molding is commonly associated with plastics. • There are several other molding techniques by which plastics are molded; some of them include blow molding and extrusion. But, injection molding is the most widely used molding technique used for plastics globally. • Increasing in demand for plastic components from various end-use industries such as packaging, consumer goods and electronics, automotive and medical devices is anticipated to drive the growth Injection Molded Plastics Market: Growing Demand in Various End-use Industries at Global Level View Report Download Brochure ©2019 Transparency Market Research, All Rights Reserved
Rising Demand from Packaging, Consumables and Automotive Segment Makes Asia Pacific Leader • In terms of geography, the injection molded plastics market has been bifurcated into North America, Latin America, Europe, Asia Pacific, and the Middle East. • Asia Pacific held the leading market share of more than 30% in 2018. It is likely to remain dominant region over the forecast period 2019 to 2027. • Increasing usage of rigid and flexible packaging, plastic consumables for household use, are the key factors driving the Asia Pacific injection molded plastics market • Asia Pacific is the fastest growing market for chemicals which also includes injection molded plastics due to growing demand especially from growing economies like China and India, where the disposable income of consumers is growing at a steady pace
Raw Material Insights Polypropylene is the most widely used polymer material for the production of injection molded plastics owing to its properties of being light weight with superior flexibility. Polypropylene held dominant share of more than 30% in 2018 and is likely to remain prominent raw material between 2019 and 2027 The growth of the consumer goods and electronics industry is expected to boost the polypropylene market After polypropylene ABS was the leading raw material for injection molded plastics in 2018 ©2019 Transparency Market Research, All Rights Reserved
Global Injection Molded Plastics Market: Competition Landscape BASF SE Dow Chemicals DuPont LyondellBasell SABIC Huntsman International ©2019 Transparency Market Research, All Rights Reserved
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