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.
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 Polaris Market Research. 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.
Get sample copy of this report : https://www.polarismarketresearch.com/industry-analysis/injection-molded-plastic-market/request-for-sample
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.
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.
Browse for full research summary : https://www.polarismarketresearch.com/industry-analysis/injection-molded-plastic-market
