Injection Molded Plastics Market Revenue Share, Growth Factors, Trends, Analysis & Forecast, 2020–2028
The latest industry analysis report published by Reports and Data provides vital data and information relating to the global Injection Molded Plastics industry
The latest industry analysis report published by Reports and Data provides vital data and information relating to the global Injection Molded Plastics industry and precisely evaluates the forecast market size and revenue growth rate. The study specializes in an in-depth analysis of the key market dynamics including drivers, restraints, opportunities, supply & demand ratios, upcoming market trends, technological innovations, and value chain analysis. The report offers numerous Injection Molded Plastics market projections based on historical and current market data. Moreover, it presents quantitative and qualitative market insights derived through research studies and market surveys.
Major factors driving market revenue growth include increasing applications of injection-molded plastics in food packaging, pharmaceutical packaging, electronics packaging, and manufacture of various automotive components and construction materials. Increasing use of these plastics for their robust flexibility, leak resistance, recyclability and reusability, and microwavable properties is another key factor driving the global market growth.
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The global materials & chemicals industry has gained impetus over recent years, owing to factors such as rising demand for essential consumer products including food & beverages, cosmetics, and personal care & hygiene products, and increasing use of chemicals and raw materials in the buildings & construction, agriculture, textiles, automotive, packaging, and several other industries. The rising focus of manufacturers on deploying environmentally sustainable materials and chemicals to augment industrial productivity and reduce carbon footprint is a major factor driving the growth of this industry. Rising consciousness about environmental conservation, the introduction of technologically advanced and organic chemical products, and the growing use of high-performance specialty chemicals further boost the industry revenue growth.
Thermoplastic injection molding is a manufacturing process that involves the injection of plastic resin into pre-made molds to produce a variety of objects including food packaging, interior wrapping materials, pharmaceutical packaging, automotive components, construction materials, industrial components, apparel & footwear, and others. The most common thermoplastic polymers used in this process include acrylonitrile butadiene styrene (ABS), polyethylene, polycarbonate, polyamide (nylon), polypropylene, and high-impact polystyrene. Key advantages of the thermoplastic injection molding process are high efficiency, enhanced strength, higher flexibility, reduced waste, and low labor costs.
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Top Companies Profiled in the Injection Molded Plastics Market Report:
DOW, NOVA Chemicals, Sinopec, Sinopec, Honeywell International, Chevron Phillips Chemical, Lanxess, LyondellBasell Industries Holdings B.V., Eastman Chemical Company, Huntsman International LLC, DuPont, Borealis Reliance Industries Limited, Teijin, SABIC, Shin-Etsu Chemical ExxonMobil, Mitsubishi, Ineos, Evonik, and BASF.
The global Injection Molded Plastics market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Raw Material Outlook (Revenue, USD Billion; 2018-2028)
Application Outlook (Revenue, USD Billion; 2018-2028)
- Consumables & Electronics
- Automotive & Transportation
- Building & Construction
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