Injection Molded Plastics Market to Witness Exponential Growth by 2025

on
The global market of injection molded plastics is widely divided into sectors that are unorganized specifically in Latin America and Asia Pacific. Organizations, mostly prevailing form Asia Pacific have continually been searching for considerable capacity in the past years and accomplish good economic scale. Diversity in branding of the products develop a competitive market in regard with prices and mediums of distribution.

Prime market manufacturers that operate in the global injection molded plastic market are Cascade Engineering, The Dow Chemical, Bemis Manufacturing, ContiTech AG, Great Wall Plastic Industries, Berry Plastics, Lacks Enterprises, SABIC Innovative Plastics, Fabrik Molded Plastics, Magna International, Tupperware Brands, Sonoco, Visteon, BASF and Horizon Plastics International.

Injection Molded Plastics Market – Industry Highlights
The Global Injection Molded Plastics Market is anticipated to garner a whopping $195.45 billion by the end of the year 2025, while registering itself at a substantial compound annual growth rate (CAGR) of 4.95% during the forecast period. The industry is expected to encounter considerable growth in the coming years due to rising requirements of plastic components beyond numerous industries that include home appliances, medical devices, packaging, automotive and electronics. Injection molding process includes manufacturing of products that are molded by infusing plastic that is molten by making use of heat into a mold and hardening it. Modernized introductions have been made in order to reduce the rate of deficient production and have also improved the implication of injection molded plastics in its massive inventory. Rising cost of construction, specifically in upcoming markets of India, Mexico, Russia, South Africa and China is anticipated to boost the requirement.


Market Segmentation:
Injection Molded Plastics Market By Raw Material
Polypropylene
Acrylonitrile Butadiene Styrene
High Density Polyethylene
Polystyrene
Others
Injection Molded Plastics Market, By Application Type
Packaging
Consumables & Electronics
Automotive
Building & Construction
Medical
Others

Application Outlook and Trend Analysis:
The dominant application of the injection molded plastics industry was packaging with an average requirement of 30,000 kilo tons in the year 2014. The final products that are used in packaging go through several enhancement stages to make the cut of the regulatory guidelines and needs of users. Enhanced performances towards wear and tear, long lasting and increased shelf life of foods are few demands plastics need to meet for the packaging of food. Injection molded plastics have enormous possibilities in the automotive and medical sector. The industry is anticipated to encounter major growth in medical devices and elements section. Optical clarity, biocompatibility and cost efficiency are few factors that are raising its demand in the medical industry. Strict regulations imposed regarding the use of polymer in the healthcare section is expected to influence the growth of the industry over the forecast period in a lucrative manner. Increasing preference of polymers that are bio-degradable among the manufacturers of medical devices develops opportunities for the medical industry. A rapid switch in trends regarding the replacement of steels with plastics in the industry of automotive is also expected to boost the growth of the market.

Regional Outlook and Trend Analysis:
The global market of injection molded plastic was led by Asia pacific and accounted more than 35% of the total market value in the year 2014. Rising cost of infrastructure along with increasing requirement of automobile in countries like China, Indonesia, Malaysia and India are anticipated to spur the market in the given region. Industries with considerable applications like automobiles and electronics are switching their manufacturing given the labor costs are low in Thailand, India and China. Manufactures in these regions are offered incentives in the form of tax benefits. This results in increased demand of manufacturing electrical and automotive parts. Another huge market of the injection molded plastics was held by Europe region with the market predicted to boom in the future. The Non-food and beverage packaging applications of Europe involved household chemicals, cosmetics, pharmaceutical and toiletries. Rising demand of electronic appliances such as smartphones, laptops and tablet, specifically in the United Kingdom, France and Germany is anticipated to spur the growth of the market substantially.


Injection Molded Plastics Market - By Region:
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
North America (U.S, Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific)
Rest of the World (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates, Others)

Injection Molded Plastics Market - List of Tables:
Table 1. Injection Molded Plastic - Industry Summary & Key Buying Criteria
Table 2. Injection Molded Plastic market estimates and forecast, 2016-2025, (Kilo Tons) (USD Million)
Table 3. Injection Molded Plastic market estimates and forecast, 2016-2025, (Kilo Tons)
Table 4. Injection Molded Plastic market estimates and forecast by region, 2016-2025 (USD Million)
Table 5. Injection Molded Plastic market estimates and forecast by raw material, 2016-2025 (Kilo Tons)
Table 6. Injection Molded Plastic market estimates and forecast by raw material, 2016-2025 (USD Million)
Table 7. Injection Molded Plastic market estimates and forecast by application, 2016-2025 (Kilo Tons)
Table 8. Injection Molded Plastic market estimates and forecast by application, 2016-2025 (USD Million)
Table 9. Injection Molded Plastics - Key market driver analysis
Table 10. Basic requirements of automotive materials
Table 11. Injection molded polypropylene market estimates and forecast, 2016-2025, (Kilo Tons) (USD Million)
Table 12. Injection molded polypropylene market estimates and forecast by region, 2016-2025 (Kilo Tons)
Table 13. Injection molded polypropylene estimates and forecast by region, 2016-2025, (USD Million)
Table 14. Injection molded ABS market estimates and forecast, 2016-2025, (Kilo Tons) (USD Million)




Comments

Post a Comment