The growing demand from key applications including construction, automotive, and packaging, particularly in the BRICS nations such as Brazil, Russia, India, China, and South Africa, is expected to drive the growth of the injection molded plastics market during the forecast period.
There has been a surge in capacity addition in growing economies such as the Middle East and Asia-Pacific in past couple of years. This, along with generating a consistent demand for injection molded plastics, also helps reduce the overall manufacturing cost.
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The Asia-Pacific region is estimated to hold the largest share in the injection molded plastics market, accounting for more than 30% in 2017. The region is expected to hold the largest share throughout the forecast period owing, to the growing usage injection molded polypropylene, ABS and HDPE in packaging, manufacturing and industrial sectors in countries such as India, China, Indonesia, Japan, and others.
On the basis of raw material, the injection molded plastics market has been segmented into polypropylene, acrylonitrile butadiene styrene (ABS), high-density polyethylene (HDPE), polystyrene and others. Polypropylene is estimated to hold largest share in the injection molded plastics market in 2017, accounting for more than 25%.
Increasing demand for processed foods and soft drinks and alcohols are expected to be responsible for food and beverages industry growth over the past few years.
Increasing packaging demand from food and beverages industry is expected to remain a major driving factor for the North America’s injection molded plastics market during the forecast period.
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Some of the major players operating in the global injection molded plastics industry are Exxon Mobil Corporation, BASF SE, E.I. du Pont de Nemours & Co., The Dow Chemical Company, Huntsman Corporation, Eastman Chemical Company, INEOS Group Holdings S.A., LyondellBasell Industries Holdings B.V., SABIC, and Magna International Inc.
GLOBAL INJECTION MOLDED PLASTICS MARKET
- By Raw Material – Polypropylene, Acrylonitrile Butadiene Styrene (ABS), High-Density Polyethylene (HDPE), Polystyrene and Others
- By Application – Packaging, Consumables & Electronics, Automotive, Construction, Medical and Others
- By Region – North America, Europe, Asia-Pacific, Central & South America (CSA), and Middle East and Africa (MEA)
GLOBAL INJECTION MOLDED PLASTICS MARKET, BY GEOGRAPHY
North America Injection Molded Plastics Market
- By Raw Material
- By Application
- By Country – U.S.
Europe Injection Molded Plastics Market
- By Raw Material
- By Application
- By Country – Germany, France, and Italy
Asia-Pacific Injection Molded Plastics Market
- By Raw Material
- By Application
- By Country – China, India, and Japan
CSA Injection Molded Plastics Market
- By Raw Material
- By Application
- By Country – Brazil
MEA Injection Molded Plastics Market
- By Raw Material
- By Application
- By Country – Saudi Arabia
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