Molded Plastic Market 2019 | Technology, Applications, Growth and Region Forecast 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
Segmental Analysis
The Global Molded Plastic Market has been
segmented by Material, Technology, Application
and Region. Based on Type, the market has been
divided into polypropylene, polyvinylchloride,
polystyrene, polyethylene, polyethylene
terephthalate, and others. On the basis of
Application, the market has been segregated into
packaging, electronics, building and
construction, automotive, and others. By
Technology, the market has been classified as
injection molding, blow molding, thermoforming,
extrusion molding, and others. The Global Molded
Plastic Market has been segmented, by Region,
into North America, Asia-Pacific, Europe, Latin
America, and the Middle East Africa. Get
Complete Report _at_ https//www.marketresearchfuture
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Molded Plastic Market Research Report- Forecast
to 2023
Regional Outlook
Asia-Pacific dominated the Global Molded Plastics
Market in 2017 due to the increased adoption in
the packaging, building and construction, and
automotive industries in the region. The rising
need for environmentally sustainable vehicles
with low carbon emissions has further increased
the use of Molded Plastics in the manufacturing
of lightweight and fuel-efficient automobiles.
Moreover, the rapid growth of emerging economies
such as China, India, and several ASEAN countries
has led to a surge in demand for Molded Plastics
in various industries. Several manufacturers are
shifting operations to countries such as China,
India, and Indonesia. This, coupled with economic
growth and a rise in population, is expected to
boost drive market growth in the region. The
European market is also expected to grow on
account of the expanding aerospace and defense
industry with the presence of established key
aircraft OEMs such as Dassault Aviation, BAE
Systems, and Airbus Group. Molded plastic is used
in the aviation industry for battery housings,
circuit boxes, knobs, connectors, and pitot
tubes. Additionally, the reviving automotive
industry with the rising production of
lightweight vehicles is likely to fuel the demand
for Molded Plastics in the region. North America
is another prominent region for the molded
plastic market owing to the resurgence in
well-established industries such as construction,
automotive, and electronics. The Latin American
market is witnessing considerable growth with
rising product demand in the packaging industry.
The use of rigid plastic has grown considerably
as it is non-corrosive, lightweight, and
inexpensive, which is likely to propel market
growth in the region. The market in the Middle
East Africa is likely to exhibit significant
growth during the review period owing to the
expanding building and construction industry and
rapid industrialization in the region. Product
demand is rising in the construction industry in
countries such as Saudi Arabia and Qatar due to
the upcoming FIFA World Cup 2022 in the latter.
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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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