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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.)
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www.marketresearchfuture.com2 Molded Plastic Market Research Report- Forecast to 2023 Molded Plastics are synthetic compounds that can be molded into various shapes based on the application. The use of pigments and other additives enhances the quality of the molded plastics, which are used in various industries owing to their durability, light weight, and high chemical resistance. The growth of the Global Molded Plastic Market is driven by the rapidly increasing use in the packaging industry in fast-moving consumer goods, household care products, and consumer electronics. The rapid growth of the construction, electrical and electronics, automotive, and packaging industries is expected to fuel the demand for molded plastics during the forecast period. The use of molded plastics in the electrical and electronics industry has seen substantial growth in recent times in laptops, televisions, computers, and mobile phones. Molded plastics are also widely used in automotive applications such as air flow ducts, engine covers, car fascia, grilles, and bumpers. The rise in the demand for environmentally sustainable and low carbon emitting vehicles has increased the use of molded plastics in the manufacturing of automobiles to reduce vehicle weight and increase fuel economy. However, the growth of the Global Molded Plastic Market is hindered by high initial costs and short production runs, which may create a roadblock for players in the market. Molded Plastic Market - Overview
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www.marketresearchfuture.com3 Molded Plastic Market Research Report- Forecast to 2023 The Global Molded Plastics Market has been segmented by Material, Technology, Application, and Region. On the basis of Material, the market has been divided into polypropylene, polyvinylchloride, polystyrene, polyethylene, and polyethylene terephthalate. The polypropylene segment accounted for the largest market share of the Global Molded Plastics Market in 2017 and is expected to grow at a considerable rate during the review period. Polypropylene possesses various properties such as high stiffness, heat resistance, and low density, hence, it is widely used in low-friction applications and furniture in place of plastics such as acetal (POM). It is also highly desired in various other industries such as automotive, construction, and packaging. Polyvinylchloride is another prominent type of molded plastic owing to the increasing demand for high-performance plastics in automobiles to reduce vehicle weight and enhance fuel economy. Based on Application, the market has been segmented into packaging, electronics, building and construction, automotive, and others. The packaging segment accounted for the largest market share in 2017 owing to the growing demand for rigid packaging in household and industrial products. Also, the increasing demand in the electronics industry in various components such as semiconductors, switches, and capacitors is driving market growth. Read More about Report @ https://www.marketresearchfuture.com/reports/molded-plastic-market-6395https://www.marketresearchfuture.com/reports/molded-plastic-market-6395 Segmentation
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www.marketresearchfuture.com4 Molded Plastic Market Research Report- Forecast to 2023 Regional Outlook Based on Region, the Molded Plastic Market has been segregated into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The market in Asia-Pacific accounted for the largest share in 2017 due to the growing industries such as automotive, aerospace and defense, and electrical and electronics in developing economies such as India, China, and Thailand. Free trade agreements between countries such as India and China are likely to further drive market growth during the review period. The market in North America is also expected to grow at a considerable rate during the review period on account of the reviving automotive, electronics, Europe is another prominent market for molded plastic owing to the increasing demand in the aerospace and defense industry with the rising increasing production of aircraft. The markets in Latin America and the Middle East & Africa are likely to register substantial growth during the review period as a result of the growing automotive and construction industries in these regions.
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www.marketresearchfuture.com5 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) Exxon Mobil Corporation (US) Magna International Inc. (Canada) Takween Advanced Industries (Saudi Arabia) Request a PDF Brochure with Future Analysis @ https://www.marketresearchfuture.com/sample_request/6395https://www.marketresearchfuture.com/sample_request/6395
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www.marketresearchfuture.com6 ABOUT US MARKET RESEARCH FUTURE At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous- Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members. For more information kindly visit www.marketresearchfuture.com or contact us at info@marketresearchfuture.comwww.marketresearchfuture.cominfo@marketresearchfuture.com Copyright © 2018 Market Research Future All Rights Reserved. This document contains highly confidential information and is the sole property of Market Research Future. No part of it may be circulated, copied, quoted, or otherwise reproduced without the written approval of Market Research Future.
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www.marketresearchfuture.com7 MARKET RESEARCH FUTURE THANK YOU salesteam@marketresearchfuture.com Ph: +1-646-845-9349 (US) Ph: +44 208 133 9349 (UK)
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