Injection Molded Plastic Market Overview:
The Injection Molded Plastic Market analysis provides a full insight into the competition, including the market share and company profiles of the key worldwide rivals. The scope of the research covers a thorough investigation of the Injection Molded Plastic Market, as well as the causes for variances in the industry’s growth in different regions.
The Injection Molded Plastic Market was valued at US$ 277.29 Bn in 2021 and is expected to reach US$ 382.41 Bn by 2029, at a CAGR of 4.10% during a forecast period.
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Following the completion of market engineering, which comprised market statistics calculations, estimations of market size, market projections, market breakdown, and data triangulation, major primary research was conducted to obtain information and verify and validate critical numbers. Top-down and bottom-up strategies, as well as several data triangulation procedures, were often used throughout the market engineering process to perform market estimating and forecasting for the overall market segments and sub-segments discussed in this research. In order to give vital information throughout the report, extensive qualitative and quantitative analysis is done on all data gathered throughout the market engineering process.
Segmentation:
Due to its expanding use in home appliances, automotive components, and packaging applications, polypropylene remains the top spot among raw materials and will account for slightly over 35% of total demand in 2021. Over the course of the projection period, it is anticipated that a growing number of finished polypropylene products will be used in battery housings, electrical contact protection caps, and food packaging.
The moulded plastics market's packaging segment is expected to experience the greatest CAGR growth over the anticipated period. Moulded products, which are used to create bottles, packaging films, cans, and containers, are primarily consumed by the automotive, pharmaceutical, chemical, and personal care industries. The automotive and transportation application has the largest revenue growth rate, with an expected increase of more than 5.9% until 2029. In comparison to steel substrates, polymers offer more design flexibility when manufacturing car components, which could have a favourable impact on the demand for automotive plastics during the projection period.
by Application
• Automobile
•Consumer Goods & Electronics
•Packaging
•Building & Construction
•Others
by Raw Material Type
• Polypropylene
•Acrylonitrile Butadiene Styrene (ABS)
•Polystyrene
•High Density Polyethylene (HDPE)
Others
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Key Players:
Primary and secondary research is used to identify market leaders, and primary and secondary research is used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers’ annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.
• The biggest players in the Injection Molded Plastic Market are as follows:
• BASF SE
• Exxon Mobil
• DuPont
• Dow Chemical Company
• Huntsman Corporation
• LyondellBasell
• Eastman
• SABIC
• CNPC
• INEOS.
• China Petroleum
• Formosa Plastics
• Reliance Industries
• Magna International
• HTI Plastics
Regional Analysis:
Individual market influencing components and changes in market regulations affecting the present and future market trends are also included in the regional overview of the Injection Molded Plastic Market analysis. Current and future trends are researched in order to assess the entire market potential and identify profitable patterns in order to get a stronger foothold. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on the Injection Molded Plastic Market:
End-user industries where Injection Molded Plastic Market is utilized saw a dip in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a pause in operations. This resulted in a significant decrease in the revenues of businesses working in these industries and, as a result, in demand for Injection Molded Plastic Market manufacturers, influencing the development of the Injection Molded Plastic Market in 2020. End-user business demand for Injection Molded Plastic Market has declined significantly as a result of lockdowns and an increase in COVID-19 events worldwide.
Key Questions Answered in the Injection Molded Plastic Market Report are:
In 2021, which segment held the highest proportion of the Injection Molded Plastic Market?
What is the Injection Molded Plastic Market’s competitive landscape?
What are the primary drivers assisting the Injection Molded Plastic Market growth?
Which region has the most market share in the Injection Molded Plastic Market?
What will be the Injection Molded Plastic Market’s CAGR throughout the projected period?
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