Published by Coherent Market Insights
Posted on October 1, 2021
Molded plastics are the type of polymers, which can be molded into any size and shape for the use in commercial applications. The use of pigments and other additives enhances the quality of the molded plastics. Molded plastics are used in various end-use industries, owing to the characteristics, such as durability, lightweight, and high chemical resistance. The automobile industry uses molded plastic for manufacturing of air flow ducts, engine cover, wheel wells, car fascia, grilles, bumpers, and other components.
Extensive expansion and development in the construction, automotive, and packaging industry will boot growth in molded plastics market globally. For instance, according to Organization Internationale des Constructeurs Automobiles (OICA) the automotive industry increased with a growth rate of 4.5% during the period 2015-2016. Molded plastics are used in manufacturing automobiles that are environmentally sustainable and low-carbon emission vehicles, which are increasingly in demand. The rapid modernization in emerging economies such as India, China, and Brazil has led to increasing expansion of packaging industry owing to high outflow and inflow of fast moving consumer goods, which will in turn boost growth of molded plastic market. Furthermore, electrical and electronic industry has high demand for molded plastics as it is used in the manufacturing of electronic devices such as laptops, televisions, computers, and mobile phones.
Top Key Players in Molded Plastic market: Eastman, Chemical, Company, SABIC, Huntsman, Corporation, LyondellBasell, Industries, N.V, INEOS, Group, AG, Chevron, Phillips, Chemical, Company, LLC, Reliance, Industries, Limited, Obeikan, Investment, Group, (OIG), Takween, Advanced, Industries, and, BASF, SE.
Regional Analysis:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Molded Plastic market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Europe is the second largest market for molded plastic, followed by North America. The developed electrical and automotive industry is the major factor boosting the growth of molded plastic market. The increase in remodeling and renovating activities in the North American region is further expected to fuel the growth of molded plastic market. The New Building Canada Fund has committed US$ 10 billion over a 10 year period i.e. 2014-24 to build public infrastructure in Canada. 9 US$ in the National and regional projects and 1 US$ in small population fund.
The Middle East and Africa is expected to have a steady growth in the molded plastic market, owing to the increase in the building and construction in the regions. The Middle East has seen a growth in construction with Qatar and Saudi Arabia, which is major driver for the growth of molded plastic market. This is primarily due to upcoming FIFA World Cup 2022 in Qatar, which is likely to bring millions of people to the country. Construction of stadia, hotels, malls, and public infrastructure is driving the growth of molded plastic market. Moreover, the recent Africa Construction Summit 2017 will also act as a positive impact in the global molded plastic market.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Molded Plastic market Growing Rapidly with Current and Future Business Opportunities appeared first on Gatorledger.
Molded plastics are the type of polymers, which can be molded into any size and shape for the use in commercial applications. The use of pigments and other additives enhances the quality of the molded plastics. Molded plastics are used in various end-use industries, owing to the characteristics, such as durability, lightweight, and high chemical resistance. The automobile industry uses molded plastic for manufacturing of air flow ducts, engine cover, wheel wells, car fascia, grilles, bumpers, and other components.
Extensive expansion and development in the construction, automotive, and packaging industry will boot growth in molded plastics market globally. For instance, according to Organization Internationale des Constructeurs Automobiles (OICA) the automotive industry increased with a growth rate of 4.5% during the period 2015-2016. Molded plastics are used in manufacturing automobiles that are environmentally sustainable and low-carbon emission vehicles, which are increasingly in demand. The rapid modernization in emerging economies such as India, China, and Brazil has led to increasing expansion of packaging industry owing to high outflow and inflow of fast moving consumer goods, which will in turn boost growth of molded plastic market. Furthermore, electrical and electronic industry has high demand for molded plastics as it is used in the manufacturing of electronic devices such as laptops, televisions, computers, and mobile phones.
Top Key Players in Molded Plastic market: Eastman, Chemical, Company, SABIC, Huntsman, Corporation, LyondellBasell, Industries, N.V, INEOS, Group, AG, Chevron, Phillips, Chemical, Company, LLC, Reliance, Industries, Limited, Obeikan, Investment, Group, (OIG), Takween, Advanced, Industries, and, BASF, SE.
Regional Analysis:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Molded Plastic market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Europe is the second largest market for molded plastic, followed by North America. The developed electrical and automotive industry is the major factor boosting the growth of molded plastic market. The increase in remodeling and renovating activities in the North American region is further expected to fuel the growth of molded plastic market. The New Building Canada Fund has committed US$ 10 billion over a 10 year period i.e. 2014-24 to build public infrastructure in Canada. 9 US$ in the National and regional projects and 1 US$ in small population fund.
The Middle East and Africa is expected to have a steady growth in the molded plastic market, owing to the increase in the building and construction in the regions. The Middle East has seen a growth in construction with Qatar and Saudi Arabia, which is major driver for the growth of molded plastic market. This is primarily due to upcoming FIFA World Cup 2022 in Qatar, which is likely to bring millions of people to the country. Construction of stadia, hotels, malls, and public infrastructure is driving the growth of molded plastic market. Moreover, the recent Africa Construction Summit 2017 will also act as a positive impact in the global molded plastic market.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Molded Plastic market Growing Rapidly with Current and Future Business Opportunities appeared first on Gatorledger.
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