Molded Plastic Market, Molded Plastic industry Insights,

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Molded Plastic Market - Global Industry Insights,
Trends, Outlook, and Opportunity Analysis,
20162024
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REPORT DESCRIPTION
Global Molded Plastic Market-Insight Molded
plastics are the type of polymers, which can be
molded into any size and shape for the use in
commercial applications. The use of pigments and
other additives enhances the quality of the
molded plastics. Molded plastics are used in
various end-use industries, owing to the
characteristics, such as durability, lightweight,
and high chemical resistance. The automobile
industry uses molded plastic for manufacturing of
air flow ducts, engine cover, wheel wells, car
fascia, grilles, bumpers, and other
components. The rapid growth in the
construction, automotive and packaging industry
is expected to fuel the growth of molded plastics
market globally. According to the Organization
Internationale des Constructeurs Automobiles
(OICA), the automotive industry has seen a growth
of 4.5 from 2015-2016. The rise in the demand
for environment sustainable and low carbon
emitting vehicles has increased the use of molded
plastics in manufacturing of automobiles.
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REPORT DESCRIPTION
In terms of revenue, Asia Pacific is anticipated
to be the largest and fastest growing region for
molded plastic market witnessing the highest CAGR
of 6.7 during the forecast period. The growth of
various end-use industries such as packaging,
construction, and automobile has surged the
demand for molded plastic. Furthermore, growing
population and increasing disposable income of
the consumers in the emerging economies such as
China and India, are major factors responsible
for the growth of the molded plastic market in
Asia Pacific. In addition, the growth in the
electrical and electronic industry in the region
is also surging the market positively. The
Indian electronic market is expected to reach US
400 billion during the forecast years, mainly due
to the setting up of Electronic Hardware
Technology parks (EHTP) in the Special Economic
Zones that has brought about more Foreign Direct
Investments. Government has also initiated the
MSIPS (modified special incentive package) under
which US 1.7 billion will be offered to the
electronic sector in 2017. Request Sample Copy of
This Report https//www.coherentmarketinsights.co
m/insight/request-sample/908
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REPORT DESCRIPTION
The New Building Canada Fund has committed US 10
billion over a 10 year period i.e. 2014-24 to
build public infrastructure in Canada. 9 US in
the National and regional projects and 1 US in
small population fund. The Middle East and
Africa is expected to have a steady growth in the
molded plastic market, owing to the increase in
the building and construction in the regions. The
Middle East has seen a growth in construction
with Qatar and Saudi Arabia, which is major
driver for the growth of molded plastic market.
This is primarily due to upcoming FIFA World Cup
2022 in Qatar, which is likely to bring millions
of people to the country. Construction of stadia,
hotels, malls, and public infrastructure is
driving the growth of molded plastic market.
Moreover, the recent Africa Construction Summit
2017 will also act as a positive impact in the
global molded plastic market. Request For
Customization _at_ https//www.coherentmarketinsights
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