Molded Plastics Market 2024: Key Players Chevron Philips Chemical, Chen Hsong holdings, BASF, Eastman chemical, Sumitomo Heavy Industries
The molded plastics market is likely to grow due to factors such as growing packaging and petrochemical industry, using plastics in manufacturing household care products, use of plastic components in consumer electronics, and rise in consumption of molded
(EMAILWIRE.COM, August 10, 2018 ) Global Molded Plastics Market size will experience a dynamic growth between 2018-2024 owing to growing packaging and petrochemical industry, using plastics in manufacturing household care products, use of plastic components in consumer electronics, and rise in consumption of molded plastics in the automotive industry.
The process of using a rigid frame for shaping plastic is called plastic molding. These are synthetic compounds that can be sculpted into various shapes based on application. Molded plastics can be redesigned by adding pigment to their synthetic polymers.
The molded plastics market is likely to grow due to factors such as growing packaging and petrochemical industry, using plastics in manufacturing household care products, use of plastic components in consumer electronics, and rise in consumption of molded plastics in the automotive industry.
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The healthcare sector growth is increasing the demand for molded plastics packaging for pharmaceuticals, liquid drugs, and restorative devices. The static properties of the product, along with its durability, versatility, and light weight, make it a feasible choice for packaging medical products. For example, thermoformed molded plastics are used for air-tight sealing, whereas injection molded plastics is appropriate choice for packaging disposable syringes.
The application areas of the molded plastics industry are building & construction, automotive & transport, electronics & consumer goods, packaging, healthcare, and others such as textiles, marines, railways, etc. Increasing plastics usage in automotive parts along with surge in passenger and heavy-duty commercial vehicle production, especially in Asia and LATAM, will likely to propel the molded plastics market growth over the forecasted period.
Growing demand from key application sectors such as construction, automotive, and packaging, particularly in BRICS (Brazil, Russia, India, China, and South Africa), will drive the molded plastics market. The shift of manufacturing hubs towards countries like China, India, Indonesia, and Malaysia due to economic growth and rise in population will boost the market in the Asia Pacific region.
Europe’s non-food and beverages packaging applications include cosmetics, toiletries, pharmaceutical, and household chemicals and increasing demand for electronic appliances such as laptops and cellular phones particularly in U.K., Germany, France, and Germany will accelerate the demand.
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Lastly, GCC union play a major role in the overall expansion of the global molded plastics market, representing the alliance of world’s leading producers of crude oil and downstream petrochemical products, which is a crucial raw material required in production of synthetic polymers, are the major exporters of raw polymer across the globe.
The molded plastics market competitive landscape includes key players such as Chevron Philips Chemical, Chen Hsong holdings, BASF, Eastman chemical, Sumitomo Heavy Industries, Exxon Mobil, DuPont de Nemours & Company, Huntsman, INEOS Group, LyondellBasell Industries, Reliance Industries, and SABIC. Top regional players cover vast product portfolio which caters to diverse industry demands, multifunctional quality, price and product compliances are expected to be the future industry trends over the forecasted period.
The process of using a rigid frame for shaping plastic is called plastic molding. These are synthetic compounds that can be sculpted into various shapes based on application. Molded plastics can be redesigned by adding pigment to their synthetic polymers.
The molded plastics market is likely to grow due to factors such as growing packaging and petrochemical industry, using plastics in manufacturing household care products, use of plastic components in consumer electronics, and rise in consumption of molded plastics in the automotive industry.
Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/2538
The healthcare sector growth is increasing the demand for molded plastics packaging for pharmaceuticals, liquid drugs, and restorative devices. The static properties of the product, along with its durability, versatility, and light weight, make it a feasible choice for packaging medical products. For example, thermoformed molded plastics are used for air-tight sealing, whereas injection molded plastics is appropriate choice for packaging disposable syringes.
The application areas of the molded plastics industry are building & construction, automotive & transport, electronics & consumer goods, packaging, healthcare, and others such as textiles, marines, railways, etc. Increasing plastics usage in automotive parts along with surge in passenger and heavy-duty commercial vehicle production, especially in Asia and LATAM, will likely to propel the molded plastics market growth over the forecasted period.
Growing demand from key application sectors such as construction, automotive, and packaging, particularly in BRICS (Brazil, Russia, India, China, and South Africa), will drive the molded plastics market. The shift of manufacturing hubs towards countries like China, India, Indonesia, and Malaysia due to economic growth and rise in population will boost the market in the Asia Pacific region.
Europe’s non-food and beverages packaging applications include cosmetics, toiletries, pharmaceutical, and household chemicals and increasing demand for electronic appliances such as laptops and cellular phones particularly in U.K., Germany, France, and Germany will accelerate the demand.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2538
Lastly, GCC union play a major role in the overall expansion of the global molded plastics market, representing the alliance of world’s leading producers of crude oil and downstream petrochemical products, which is a crucial raw material required in production of synthetic polymers, are the major exporters of raw polymer across the globe.
The molded plastics market competitive landscape includes key players such as Chevron Philips Chemical, Chen Hsong holdings, BASF, Eastman chemical, Sumitomo Heavy Industries, Exxon Mobil, DuPont de Nemours & Company, Huntsman, INEOS Group, LyondellBasell Industries, Reliance Industries, and SABIC. Top regional players cover vast product portfolio which caters to diverse industry demands, multifunctional quality, price and product compliances are expected to be the future industry trends over the forecasted period.
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Global Market Insights, Inc.
Arun Hegde
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Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results