Molded Plastic Market Research Report - Forecast to 2023 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)

Molded Plastic Market Research Report- Forecast to 2023 The Global Molded Plastic Market, according to the report released by Market Research Future (MRFR), is anticipated to grow with a notable growth in the forthcoming years. The growth of the market is identified to be driven primarily by the growing use of the product in the packaging industry for fast-moving consumer goods, consumer electronics, and household care products. The rapid-paced growth in the electrical and electronics, construction, packaging, and automotive industries is believed to further push the demand for the market globally in the near future. It is also reported that the use of Molded Plastics in the electrical and electronics industry has seen massive growth over the years, especially for televisions, smartphones, laptops, and computers. The application of Molded Plastic also stretches to the automotive industry, wherein it is used for engine covers, bumpers, grilles, air flow ducts, and car fascia. The rising demand for environmentally precise and low carbon emitting vehicles has proliferated the use and demand for molded plastics in the manufacturing of automobiles. However, the high initial costs and limited production runs is reported to cause major trouble to the overall market, thereby hindering the overall expected growth. Molded Plastic Market - Overview

Molded Plastic Market Research Report- Forecast to 2023 The Global Molded Plastic Market has been segmented, on the basis of material, into polypropylene, polyvinylchloride, polystyrene, polyethylene, polyethylene terephthalate, and others. On the Basis of Application, the Global Molded Plastic Market has been segregated into packaging, electronics, building and construction, automotive, and others. By Technology, the Global Molded Plastic Market has been divided into injection molding, blow molding, thermoforming, extrusion molding, and others. The Global Molded Plastic Market has been segmented, By Region, into North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa. View Full Press Segmental Analysis

Molded Plastic Market Research Report- Forecast to 2023 Regional Outlook The Global Molded Plastic Market has been analyzed with respect to five regions—North America, Europe, Asia- Pacific, Latin America, and the Middle East & Africa. Asia-Pacific accounted for the largest share of the Global Molded Plastics Market in 2017, both in terms of value and volume. The market in Asia-Pacific is expected to register the highest CAGR during the forecast period owing to the rapidly growing end-use industries such as packaging, construction, and automotive in the region. Favorable government schemes such as incentives and tax benefits have resulted in the shift of automotive manufacturing hubs to China, India, and ASEAN countries, which is expected to propel the demand for Molded Plastics in the region. Furthermore, the Indian electronics market is expected to grow substantially in the coming years. This can be attributed to the construction of electronic hardware technology parks (EHTP) in special economic zones across the country, which is expected to further boost product demand during the forecast period. North America is another prominent market for Molded Plastics due to the rebounding construction industry and increased demand for lightweight automobiles. The European market is projected to register considerable growth during the review period. The rising adoption of molded plastic in the established packaging and automotive industries are the major factor contributing to the growth of the market in this region. The growth of the European market is also driven by the presence of tier-1 automotive, medical equipment, and electronics OEMs in the region. Latin America is another substantial region propelling market growth owing to the growing automotive industry. The market in the Middle East & Africa is expected to grow as a result of the expanding end-use industries such as healthcare and building and construction.

Molded Plastic Market Research Report- Forecast to 2023 Major Players in this Research Molded Plastic Market Prominent Players: BASF SE (Germany) Harwal Group of Companies (UAE) DuPont (US) HTI Plastics (US) Eastman Chemical Company (US) INEOS (UK) LyondellBasell Industries Holdings BV (Netherlands) Reliance Industries Limited (India) SABIC (Saudi Arabia) Magna International Inc. (Canada) Takween Advanced Industries (Saudi Arabia) Get Free Sample

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