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Molded Plastics Market to Reach a Valuation of US$202.2 Bn by 2024 Owing to Burgeoning Packaging Industry - TMR

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Transparency Market Research

07 Jun, 2019, 11:00 GMT

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ALBANY, New York, June 7, 2019 /PRNewswire/ --The global molded plastics market witnesses a fragmented competitive landscape, as reported by Transparency Market Research (TMR). A handful players hold substantial shares in the global molded plastics market, with other vendors vying for consumer attention. There is limited opportunity for entry of new players. Vendors operating in developing economies such as Asia Pacific are expected to focus on expansion of their production capacities.

For many businesses working in the worldwide molded plastics market, the development of environmentally friendly plastic variants is a fresh target. Many companies look forward to participating in critical merger and acquisitions as well as working on expanding geographical presence with newer companies. Future trends in the sector over the anticipated era are anticipated to include multifunctional quality, prices and product compliance.

Request a Sample of Molded Plastics Market: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=561

Key players in the global molded plastics market are Huntsman Corporation, BASF SE, Al Watania Plastics, Chevron Phillips Chemical Company LLC, and Eastman Chemical Company.

According to TMR's analysis, the global molded plastics market is likely to grow at a 4.3% CAGR in terms of volume over the forecast tenure from 2016 to 2024. In terms of revenue, the market is projected to rise at a 5.6% CAGR over the coming years.  The global molded plastics market had registered revenue valued at US$124.8 bn in the year 2015, which is further expected to reach a valuation of US$202.2 bn toward the end of 2024.

In the molded plastics industry, Asia Pacific will stay the most appealing region, as more than half of world population and emerging markets are in the Asian-Pacific region. This has led to a growing focus on the region by global players.

Request For Multiple Chapters: https://www.transparencymarketresearch.com/sample/sample.php?flag=MC&rep_id=561

High Demand from End-Use Industries to Bolster Molded Plastics Market

Molded plastics have multiple desirous characteristics, which, are crucial for automobile parts and construction activities. The product's elasticity, insulation, high strength, and low maintenance are some of the leading features.  Polyvinyl chloride is used in the production of insulated tapes and wires. In gas pipes, drainage pipes, electrical ducts, windows, doors, floor tiles etc., polyethylene as well as polypropylene are used.

Factors including increasing demand packaging and the petrochemical industry, use of plastics in the production of family care products, use of plastic parts in consumer electronics and increased consumption of molded plastics in the automotive industry, are probable to increase the molded plastics market. The future of the molded plastics industry is likely to be driving factors such as the growing building activity in the developing markets, increased saturation in the automotive industry, good perspective on the packaging industry, technological progress and increasing disposable incomes.

Request For Discount On This Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=561

Construction Industry in Emerging Regions to Boost Market Opportunity

The molded plastics markets in North America and Europe are rather mature and have restricted potential. The CIS area in Europe is however a shining place where the market for molded plastics is anticipated to grow more quickly than in other regions.

The Latin American building sector accounted for roughly $550 billion, with an annual growth rate of 6 percent, according to International Towers Cranes 2012. The more flexible and lightweight designs of molded plastics are utilized in cars. Increasing building expenditure is anticipated to drive demand for products, notably in emerging markets like Brazil, China, India, Mexican, Russia and South Africa.

Browse Press Release: https://www.transparencymarketresearch.com/pressrelease/molded-plastics-market.htm

Additionally, governments are contributing to developing the plastics industry through fiscal benefits and economic incentives in China and India to boost the Foreign Direct Investments (FDI) flow. They also offer cost-effective labor, reducing the production cost for manufacturers further. These factors are likely to amplify opportunities in the global molded plastics market.

This review is based on TMR's report titled, "Molded Plastics Market (Material Type - Polypropylene, Polyethylene, Polyvinyl Chloride, Polystyrene, Polyethylene Terephthalate, Polyethylene Terephthalate; Technology - Injection Molding, Injection Molding, Blow Molding, Thermoforming; Application - Packaging, Consumable & Electronics, Automotive & Transportation, Building & Construction) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024."

The global molded plastics market has been segmented as follows:

By Material

  • Polypropylene
  • Polyethylene
  • Polyvinyl Chloride
  • Polystyrene
  • Polyethylene Terephthalate (PET)
  • Others

By Technology

  • Injection Molding
  • Blow Molding
  • Thermoforming
  • Others

By Application

  • Packaging
  • Consumable & Electronics
  • Automotive & Transportation
  • Building & Construction
  • Other Applications

By Geography

  • North America
    • The U.S.
    • Canada
    • Rest of North America
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Rest of Asia Pacific
  • Middle East and Africa (MEA)
    • The UAE
    • South Africa
    • Rest of the Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

Browse Chemicals and Materials Market Research Reports

Popular Research Reports by TMR:

  • Medical Plastics Market: https://www.transparencymarketresearch.com/medical-plastics-market.html
  • Polypropylene Catalyst Market: https://www.transparencymarketresearch.com/polypropylene-catalyst-market.html
  • LLDPE Market: https://www.transparencymarketresearch.com/lldpe-market.html

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact
Mr. Rohit Bhisey
Transparency Market Research
State Tower
90 State Street
Suite 700
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com 

Website: http://www.transparencymarketresearch.com 
Research Blog: http://www.europlat.org/

Logo: https://mma.prnewswire.com/media/664869/Transparency_Market_Research_Logo.jpg  

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