Title: Injection Molded Plastics Market - Forecast(2022 - 2027)
1Injection Molded Plastics MarketMarket size,
Industry outlook, Market Forecast, Demand
Analysis, Market Share, Market Report 2021-2026
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- Injection-molded plastic market size is estimated
to reach US450 billion by 2027 after growing at
a CAGR of 5.1 during the forecast
period 2022-2027. Injection molding refers to the
process which is used to make plastic components
which are then used by various industries like
automobile, aerospace, packaging, medical, etc.
Hence plastics like polystyrene, polypropylene,
polyamide, acrylonitrile butadiene styrene are
some commonly used injections of molded plastic,
that have unique properties such as
light-weighted, weather-resistant,
corrosion-resistant, and high durability, thus
providing high and efficient performance.
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- Key Takeaways
- The medical sector is replacing its metal
components and equipment with plastic injection
molded products as they have various design
options, a high recycling rate, and fewer
manufacturing side effects. Such replacements
will increase demand for injection-molded plastic
in the medical sector - Injection-molded plastic is light weighted and
provides better resistance from corrosion and
different weathers, hence such unique properties
of injection-molded plastic offer them good
growth opportunities in the automotive
aerospace sector. -
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By Distribution Channel- Segment
Analysis Polypropylene held the largest part in
the injection-molded plastic market in 2021, with
a share of over 35. This is owing to its high
properties like lightweight, shock resistant, low
friction, chemical corrosion resistance, etc.
Polypropylene has high industrial applicability
like in the automobile sector and is used in
gears. In the medical sector, it is used in
sterilization of medical equipment like syringes,
medical vials, and in construction sector it is
used for electric cable insulation piping
system. As sectors like the construction sector
are showing rapid development with new
infrastructure and construction projects in line,
hence this will positively impact the demand for
polypropylene in such sectors.
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- Injection Molded Plastics Market
Outlook - DuPont
- Dow Inc.
- BASF SE
- Toshiba Corporation
- Hunstman Corporation
- Magna International Inc
- NOVA Chemicals
- LANXESS
- Chevron Philips Chemical
- LyondellBasell
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Injection Molded Plastics Market
Forecast (2022 - 2027) Learn More About the
Report _at_ https//www.industryarc.com/Research/I
njection-Molded-Plastics-Market-Research-507229
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