Molded Plastic Market 2019 | Share, Competitive Analysis and Industry Segments Poised for Strong Growth in Future 2023

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Molded Plastic Market Research Report - Forecast
to 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Molded Plastic Market Research Report- Forecast
to 2023
Molded Plastic Market - Overview
Synthetic compounds which can be molded into
different shapes and sizes to match various
application requirements are called Molded
Plastics. Molded plastics have several properties
that have propelled the adoption of the same in
multiple industries. These properties include
durability, lightweight, and higher chemical
resistance. Further, the use of pigments and
other additives can enhance the quality of Molded
Plastics. The Global Molded Plastics Market is
estimated to expand at a high CAGR through the
forecast period. One of the primary reasons for
the ascension noticed in the Global Molded
Plastic Market is the rising adoption of the same
in various end-use industries owing to its
properties of durability, cost-effectiveness, and
higher chemical resistance. With the rapid
augmentation observed in the packaging industry
in fast-moving consumer goods, consumer
electronics, and household care products, the
Global Molded Plastic Market is witnessing
sizeable growth. Further, fast-paced growth
noticed in the construction, automotive, and
electrical electronics industries are creating
higher growth and application opportunities for
Molded Plastics, positively influencing the
growth graph to a great extent. Moreover, a rise
in the demand for environmentally sustainable and
low carbon emitting vehicles has led to a
substantial adoption of Molded Plastics in the
manufacturing of automobiles this aids in the
reduction of weight, and hence, an enhancement of
fuel efficiency.
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Molded Plastic Market Research Report- Forecast
to 2023
Segmental Analysis

• The Global Molded Plastics Market is studied for
  segmentation based on Material, Technology,
  Application and Region.
• Based on Material, the global market is segmented
  into polypropylene, polystyrene, polyethylene,
  polyvinylchloride, and polyethylene
  terephthalate.
• Based on Application, the Global Molded Plastic
  Market is segmented into electronics, building
  construction, packaging, and automotive.
• Based on Technology, the Global Molded Plastic
  Market is segmented into blow molding, injection
  molding, thermoforming, and extrusion molding.
• View Full Press Release _at_ https//www.marketresear
  chfuture.com/reports/molded-plastic-market-6395
  

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Molded Plastic Market Research Report- Forecast
to 2023
Regional Outlook
The Global Molded Plastic Market is studied for
the regional segments of North America, Latin
America, Asia Pacific, Europe, and the Middle
East Africa. Asia Pacific spearheaded the
Global Molded Plastic Market at the beginning of
the forecast period and is anticipated to
register notable growth during the forecast
period. This progress can be accredited to the
mounting adoption of the same in the packaging,
automotive, and building construction
industries in the region. A growing emphasis on
the use of environmentally sustainable vehicles
with lower carbon emissions has proliferated the
use of Molded Plastic in the manufacture of
lightweight and fuel-efficient automobiles.
Moreover, economic growth noted in developing
countries such as India, China, and several ASEAN
countries has caused an upsurge in demand for
Molded Plastics in several industries. Another
factor driving significant growth in the Regional
Molded Plastic Market is the rising shift of
operations of major manufacturers to India,
China, and Indonesia. A rise in the population is
also anticipated to drive market growth in the
region. Europe is projected to showcase
considerable growth with the rising product
demand in the packaging industry residing in the
region. Aerospace and defense industry is
anticipated to register robust growth owing to
the presence of multiple prime aircraft OEMs in
the region such as BAE Systems, Dassault
Aviation, as well as, Airbus Group. Such growth
is expected to, in turn, propel growth in the
Global Molded Plastic Market owing to the
mounting demand for the same in the aerospace and
defense sector. North America is projected to
record significant growth for Molded Plastic
owing to the expansion witnessed by numerous
well-established industries such as construction,
electronics, and automotive. Latin America is
expected to exhibit sizeable surge attributable
to the ascending product demand in the regional
packaging industry. Further, the use of rigid
plastic has augmented substantially owing to its
non-corrosive and lightweight nature, which is
contributing to the growth of the Regional Molded
Plastic Market.
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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).

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