Molded Plastics Market Report 2016 Analysis by Trends, Production, Consumption 2024
Global Molded Plastics Market is projected to be worth US$202.2 billion by 2024, market is anticipated to register a 4.3
Global Molded Plastics Market is projected to be worth US$202.2 billion by 2024, market is anticipated to register a 4.3
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Transparency <strong>Market</strong><br />
Research<br />
<strong>Molded</strong> <strong>Plastics</strong> <strong>Market</strong> (Material Type - Polypropylene,<br />
Polyethylene, Polyvinyl Chloride, Polystyrene;<br />
Injection Molding, Injection Molding; Application -<br />
Packaging, Electronics, Automotive, Construction) -<br />
Global <strong>Market</strong> Growth and Forecast <strong>2024</strong><br />
Published Date<br />
<strong>2016</strong>-08-24<br />
201 Page <strong>Report</strong><br />
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Press Release<br />
Companies Focusing on Emerging Economies to Benefit<br />
Most from Opportunities in <strong>Molded</strong> <strong>Plastics</strong> <strong>Market</strong>, predicts<br />
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<strong>Molded</strong> <strong>Plastics</strong> <strong>Market</strong><br />
REPORT DESCRIPTION<br />
<strong>Molded</strong> <strong>Plastics</strong> <strong>Market</strong>: Snapshot<br />
Increased oil and gas production activity and associated industrial development, as well as rapid<br />
expansion in the construction and packaging industries have contributed significantly to the rise<br />
in demand for molded plastic products. Collaboration with multinational players has helped<br />
plastic converters develop molded plastics that comply with world-class quality requirements and<br />
over the decades, plastics have replaced key materials such as metals, glass, and paper to<br />
become an integral part of our everyday life.<br />
Browse <strong>Market</strong> Research <strong>Report</strong>:<br />
http://www.transparencymarketresearch.com/molded-plastics-market.html<br />
The global molded plastics market was valued at US$124.8 bn in 2015 and is projected to reach<br />
US$202.2 bn <strong>by</strong> <strong>2024</strong> at a CAGR of 5.6% therein. In terms of volume, the market is expected<br />
expand at a 4.3% CAGR from <strong>2016</strong> to <strong>2024</strong>.<br />
Growing Usage of <strong>Molded</strong> <strong>Plastics</strong> in Packaging and Building & Construction<br />
<strong>Molded</strong> plastics find application in various end-use industries, including packaging, consumables<br />
and electronics, automotive and transportation, and building and construction.<br />
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<strong>Molded</strong> <strong>Plastics</strong> <strong>Market</strong><br />
The packaging application leads the molded plastics market in terms of volume as well as value.<br />
This industry is anticipated to remain the most prominent consumer of molded plastics during<br />
the forecast period, with the consumption volume amounting to almost 30% more than any other<br />
application. The price of molded plastics used for packaging has been slightly higher than that<br />
for any other application and this is also contributing to the growth of the packaging segment <strong>by</strong><br />
value.<br />
The commercialization of advanced polymers is supporting the demand for molded plastics in the<br />
building and construction sector. Transparency <strong>Market</strong> Research has observed that molded plastic<br />
products used for building and construction have been witnessing increased growth and the<br />
emerging markets in Asia Pacific are significant contributors to this growth.<br />
Europe and North America Face Maturity, APAC to Present Lucrative Opportunities<br />
Geographically, the molded plastics market has been segmented into five regions: North<br />
America, Asia Pacific, Europe, the Middle East and Africa, and Latin America. Asia Pacific, with<br />
countries such as India and China, led the global molded plastics market <strong>by</strong> volume, and is<br />
anticipated to account for a share of 49% <strong>by</strong> the end of <strong>2016</strong>. This is followed <strong>by</strong> Europe and<br />
North America and the total revenue in these two regions together will constitute around 29% of<br />
the total market value <strong>by</strong> <strong>2016</strong> end.<br />
Get accurate market forecast and analysis on the <strong>Molded</strong> <strong>Plastics</strong> market. Request a<br />
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<strong>Molded</strong> <strong>Plastics</strong> <strong>Market</strong><br />
Asia Pacific is expected to remain the most attractive region for the molded plastics market given<br />
that more than half the global population and emerging markets are in Asia Pacific. As a result,<br />
international players have increased their focus on the region.<br />
The Middle East and Africa is a fast-growing region, with the GCC leading the market for molded<br />
plastics in terms of volume. This regional market is anticipated to expand at a CAGR of 6.5%<br />
between <strong>2016</strong> and <strong>2024</strong>. Companies such as SABIC in Saudi Arabia are rapidly increasing their<br />
capacity for polypropylene, polyethylene, and other polymers to take advantage of untapped<br />
avenues.<br />
The markets for molded plastics in North America and Europe are rather mature and provide<br />
limited opportunities in terms of untapped potential. However, the CIS region in Europe is a<br />
bright spot where the molded plastics market is expected to expand at a faster pace than in<br />
other parts of the region.<br />
Key players in the molded plastics market include BASF SE, Eastman Chemical Company, SABIC,<br />
Huntsman Corporation, LyondellBasell Industries N.V., INEOS Group AG, Chevron Phillips Chemical<br />
Company LLC, Reliance Industries Limited, Harwal Group, Al Watania <strong>Plastics</strong>, Obeikan<br />
Investment Group (OIG), and Takween Advanced Industries.<br />
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<strong>Molded</strong> <strong>Plastics</strong> <strong>Market</strong><br />
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