Molded Plastics Market- Global Forecast and Industry Analysi
Plastics that can be molded into different shapes and sizes are classified as molded plastics. Pigments can be added to these polymers during their manufacture, or externally, depending on the application of these parts. These finished products are used in a wide range of applications such as automobiles, industrial machinery, construction and packaging. Growing research and development activities on plastics has resulted in increasing substitution of other materials including glass, paper, wood and metals by plastics. A key factor such as reduction in weight which has led to improved vehicle efficiency and reduction in consumption of fuel, has led to a visible growth in consumption of plastics in automobiles. This on-going trend is expected to continue over the next few years, which in turn is expected to boost the demand for molded plastics.
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