Blow Molding Resins Market worth 51.95 Billion USD by 2022

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Blow Molding Resins Market worth 51.95 Billion
USD by 2022
The report "Blow Molding Resins Market by Type
(Polyethylene, Polypropylene, Polyvinyl Chloride,
Polyvinyl Terephthalate), Application (Packaging,
Automotive Transportation, Construction
Infrastructure), and Region - Global Forecast to
2022", The blow molding resins market is
estimated at USD 36.67 Billion in 2017 and
projected to reach USD 51.95 Billion by 2022, at
a CAGR of 7.2 from 2017 to 2022.
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Introduction
The growth of the blow molding resins market can
be attributed to the increasing consumption of
blow molding resins in the packaging, food
beverages, and pharmaceutical industries. Blow
molded products possess excellent stiffness and
Environmental Stress Cracking Resistance (ESCR),
high load melt strength, and excellent rigidity.
Such properties enable the use of these resins
for blow molding applications.
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Key Participants
Exxon Mobil (US), LyondellBasell (Netherlands),
DowDuPont (US), SABIC (Saudi Arabia), INEOS
(Switzerland), Solvay (Belgium), Formosa Plastics
(Taiwan), Chevron (US), Eastman (US), China
Petroleum (China), and Reliance Industries
(India), among others are the key players
operating in the blow molding resins market.
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On The Basis Of Region
Based on region, the blow molding resins market
has been segmented into Asia Pacific, North
America, Europe, South America, and Middle East
and Africa. The Asia Pacific blow molding resins
market is projected to grow at the highest CAGR
during the forecast period. The growth of the
Asia Pacific blow molding resins market can be
attributed to the presence of the leading blow
molding resins producers in the region. Moreover,
the growing demand for blow molding resins in
packaging applications, such as pharmaceutical
and food beverage products in countries, such
as China, Japan, and India also contribute to the
growth of the Asia Pacific blow molding resins
market.
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