Molded Plastic Market 2019 Manufacturers, Countries, Type and Application, Forecast to 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
Molded Plastics are synthetic compounds that can
be molded into various shapes based on the
application. The use of pigments and other
additives enhances the quality of the molded
plastics, which are used in various industries
owing to their durability, light weight, and high
chemical resistance. The growth of the Global
Molded Plastic Market is driven by the rapidly
increasing use in the packaging industry in
fast-moving consumer goods, household care
products, and consumer electronics. The rapid
growth of the construction, electrical and
electronics, automotive, and packaging industries
is expected to fuel the demand for molded
plastics during the forecast period. The use of
molded plastics in the electrical and electronics
industry has seen substantial growth in recent
times in laptops, televisions, computers, and
mobile phones. Molded plastics are also widely
used in automotive applications such as air flow
ducts, engine covers, car fascia, grilles, and
bumpers. The rise in the demand for
environmentally sustainable and low carbon
emitting vehicles has increased the use of molded
plastics in the manufacturing of automobiles to
reduce vehicle weight and increase fuel
economy. However, the growth of the Global
Molded Plastic Market is hindered by high initial
costs and short production runs, which may create
a roadblock for players in the market.
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Molded Plastic Market Research Report- Forecast
to 2023
Segmentation
The Global Molded Plastics Market has been
segmented by Material, Technology, Application,
and Region. On the basis of Material, the market
has been divided into polypropylene,
polyvinylchloride, polystyrene, polyethylene, and
polyethylene terephthalate. The polypropylene
segment accounted for the largest market share of
the Global Molded Plastics Market in 2017 and is
expected to grow at a considerable rate during
the review period. Polypropylene possesses
various properties such as high stiffness, heat
resistance, and low density, hence, it is widely
used in low-friction applications and furniture
in place of plastics such as acetal (POM). It is
also highly desired in various other industries
such as automotive, construction, and packaging.
Polyvinylchloride is another prominent type of
molded plastic owing to the increasing demand for
high-performance plastics in automobiles to
reduce vehicle weight and enhance fuel
economy. Based on Application, the market has
been segmented into packaging, electronics,
building and construction, automotive, and
others. The packaging segment accounted for the
largest market share in 2017 owing to the growing
demand for rigid packaging in household and
industrial products. Also, the increasing demand
in the electronics industry in various components
such as semiconductors, switches, and capacitors
is driving market growth. Read More about Report
_at_ https//www.marketresearchfuture.com/reports/mol
ded-plastic-market-6395

4
Molded Plastic Market Research Report- Forecast
to 2023
Regional Outlook
Based on Region, the Molded Plastic Market has
been segregated into North America, Europe,
Asia-Pacific, Latin America, and the Middle East
Africa. The market in Asia-Pacific accounted
for the largest share in 2017 due to the growing
industries such as automotive, aerospace and
defense, and electrical and electronics in
developing economies such as India, China, and
Thailand. Free trade agreements between countries
such as India and China are likely to further
drive market growth during the review
period. The market in North America is also
expected to grow at a considerable rate during
the review period on account of the reviving
automotive, electronics, Europe is another
prominent market for molded plastic owing to the
increasing demand in the aerospace and defense
industry with the rising increasing production of
aircraft. The markets in Latin America and the
Middle East Africa are likely to register
substantial growth during the review period as a
result of the growing automotive and construction
industries in these regions.
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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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