Injection Molded Plastic Market: Global Industry Outlook, Industry share, Market size, Strategies and Forecast

The report covers outlook and research for the Injection Molded Plastic market on a worldwide and regional level. The research gives noteworthy data of 2015-2017 alongside an outlook from 2018 to 2026 in view of revenue (USD Billion). The examination includes drivers and limitations for the Injection Molded Plastic market beside the effect they have on the request over the figure time frame. Furthermore, the report combines the study of possibilities available in the Injection Molded Plastic market on a worldwide level.

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Market Overview:

The worldwide injection molded plastic market volume was evaluated at 199870 million US dollars during year 2014.The market is predicted to experience substantial growth & expansion in coming years owing to growing demand for plastic parts across different end use sectors like automobile industry, home equipments, packaging sector, medical instruments and electronics & electrical sector.

Injection molding method involves production of molded items by injecting molten plastic substances by using heat into a mold and solidifying these substances. Current technological breakthroughs to reduce the rate of defective production have increased the importance of injection molded technique in the mass manufacturing of complex plastic structures.

Growing expenditure on construction specifically in growing markets of Russia, Brazil, Mexico, China, South Africa and India is predicted to stimulate the demand and growth of the global injection molded plastic market. It is further assisted by versatile features of finished items that include good pressure and heat resistance making these items more applicable to different market sectors.

Low crude oil costs combined with the financial condition of China have made a substantial effect on petrochemicals business. China plays a key role in the bulk manufacture and dealing of petrochemical derivatives. Different firms have accepted business strategies to maintain yearly growth and reduce the effect of lowered oil costs on margins of profit.

Volatile costs of key raw materials that includes propylene, benzene, styrene and ethylene combined with growing ecological concerns related with their disposal is predicted to impede the growth of the worldwide injection molded plastic market during the estimated period. To surmount these threats, the market has shifted its focus towards production of injection molded plastic by using bio dependent equivalents. Key plastic producers have been partnering with biotechnology firms and forming joint ventures with them to synergize their operations in order to produce bio dependent plastics and finished goods.

Injection Molded Plastic Market By Raw Materials:

The worldwide injection molded plastic market by raw materials includes High density polyethylene, Polypropylene, Polystyrene and Acrylonitrile butadiene styrene.

Polypropylene evolved as the biggest raw material section and contributed about more than 36% to the total demand of the global injection molded plastic market by raw materials during year 2014. Heavy demand for injection molded polypropylene in household products, automobile parts and packaged applications is a key aspect stimulating its use. Growing penetration of polypropylene finished goods in food packaging sector & protective caps in battery housings as well as in electrical contacts are few of the factors predicted to further stimulate the demand and growth of the global injection molded plastic market during the estimated period.

Polypropylene parts are being extensively in electrical contacts and food packaging industry owing to its properties like rust resistance and electric insulation. All these factors are predicted to contribute towards rapid growth of the polypropylene section during the estimated period.

Acrylonitrile butadiene styrene evolved as the second key raw substance for injection molded plastic and contributed about more than 26% to the revenue to the total revenue share of the global injection molded plastic market. Heavy demand for Acrylonitrile butadiene styrene parts in medical equipments, electronic housings, automobile parts and customer devices production is predicted to stimulate the demand and growth of the global injection molded plastic market during the estimated period.

Injection Molded Plastic Market By Application:

The global injection molded plastic market by application includes automobiles, packaging, medical, consumables & electronics and building & construction.

Packaging was the main injection molded plastic application section with the overall demand of more than 30,000 kilo tons during year 2014. The finished goods utilized in packaging experience different evolving stages in order to cope up with regulations and end user needs. Rising shelf life span of foods, effective performance against wear & tear and longetivity are some of the needs that plastics are required to fulfill for packaging uses & applications.

Injection molded plastic holds tremendous potential specifically in the medical sector as well as in automobile sector. The global injection molded plastic market is predicted to experience the biggest growth & expansion in the medical equipments & parts sector. Cost efficacy, optical clarity and biocompatibility in the manufacturing process of the injection molded plastic is predicted to stimulate the demand for it in the medical sector. The medical sector is predicted to touch the net revenue of 24600 million US dollars by the end of the estimated period.

Strict rules regarding the use of medical grade polymer in healthcare industry is predicted to favorably affect the of this industry during the forecasted period. Rising choice of the medical equipment producers towards bio degradable polymers is also predicted to generate lucrative avenues in the medical sector during the estimated period.

A strong change in the trend towards substituting of steel with plastics in automobile sector is predicted to enhance the growth of the global injection molded plastic market during the estimated period. Government rules in recent past have compelled automobile producers to make plastic use instead of other substances like steel and iron.

Manufacturers of automobiles have been concentrating on minimizing the total weight of the automobile vehicles to enhance the fuel efficacy. Growing utilization of plastics as substitutes for alloys & metals in automobile parts is predicted to stimulate the demand for plastic products in automobile end use application section. This creates greater avenues for injection molded plastic in penetrating the business sector.

Injection Molded Plastic Market By Region:

The worldwide injection molded plastic market by region is divided into four geographical region, namely, continent of Europe, subcontinent of North America, Asia Pacific zone and rest of the region of the world.

The Asia Pacific zone had led the global injection molded plastic market in terms of demand during year 2014. It contributed about more than 36% to the total revenue share of the industry during that year. Growing expenditure on infrastructure along with rise in demand for automobiles in nations like Malaysia, China, Indonesia and India is predicted to stimulate the industry penetration in the APAC zone.

Key end use industrial sectors like automobiles and electronics are changing their production bases to APAC countries like Indonesia, India, Thailand and China due to its cheap labor charges. Further, government of these countries provide tax benefits and incentives to the producers. All these factors enhances the need for producing different components of automobiles and electrical parts. This in turn can result in increase in the demand and growth of the injection molded plastic market in the Asia Pacific Zone during the estimated period.

The continent of Europe was other key injection molded plastic market with total demand predicted to touch 75100 million US dollar mark by the end of the estimated period. The beverages & non food packaging applications and uses in Europe includes household chemicals, cosmetics, pharmaceuticals and toiletries. The growing demand for electronic equipments like cellular mobiles and laptops in countries like France, UK and Germany is predicted to stimulate the demand and growth of the electronics applications and consumables in Europe. All these factors are going to contribute towards the growth and expansion of the injection molded plastic market in Europe.

The growth and expansion of automobile sector in Europe is anticipated to stimulate the demand for injection molded plastic in the continent during the estimated period.

A large portion of the demand for the product in coming years is projected to come from the countries like Brazil, China, Thailand, India, Germany and USA.

Competitive Landscape:

The worldwide injection molded plastic market is highly divided with presence of big unplanned segment specifically in the Asia Pacific zone and different regions of Latin America. Firms from APAC zone have been continuously searching for substantial capacity additions during last few years in order to get the benefit of functional excellence and acquire economies of scale. Diversification in product portfolio, improvement in the functioning of supply chain, product innovation, market penetration, product benchmarking and product differentiation are few of the factors that makes the global injection molded plastic market competitive with regards to costs and channels of distribution.

The key industry participants involved in the business and included in this global injection molded plastic market report are as follows:

  • The Dow Chemical Company
  • HTI Plastics
  • Newell Rubbermaid
  • BASF SE
  •  INEOS Group
  • DuPont
  • Rutland Plastics
  • Nypro Incorporation
  • Berry Plastics Group
  • LyondellBasell Industries
  • Huntsman International Corporation
  • SABIC
  • Eastman Chemical Company
  • Magna International Incorporation
  • Becton Dickinson
  • Lacks Enterprises Incorporation
  • AptarGroup Incorporation
  • Master Molded Products Corporation
  • IAC Group
  • Exxon Mobil Corporation

This report offers extensive research on the worldwide Injection Molded Plastic showcase alongside, market trends, market size, drivers, and restraints of the Injection Molded Plastic market. This report includes an itemized focused scenario and item pattern of key merchants. To understand the competitive scene in the market, a research of Porter’s five forces model for the market has additionally been incorporated. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. This report is prepared using data sourced from in-house databases, secondary and primary research team of industry experts.

Key aspects of the study include:

    Injection Molded Plastic Market Snapshot

    Classification of Injection Molded Plastic Market

    Market Overview: Market drivers, restraints and key trends analysis

    Competitive analysis of the key players operating in the market

    Market size split on the basis of geographies and sub-geographies

    Cross-sectional market size for all segments per sub-geography

    Historical market size for year 2016 with 2017 as the base year

    Forecast period: 2018 to 2026

Key questions answered in the Report

    What is the Current Market Size and Forecast for Injection Molded Plastic Market?

    Who are major players in the industry and what are their strategies and developments in the recent years?

    What are the key segments expected to emerge as the most attractive during the forecast period?

    Which is the most lucrative geographic region for Injection Molded Plastic market?

Methodology

At Credence Research, our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most detailed analysis of the industry. The research process begins with extensive data mining, using authoritative sources such as trade magazines, technical publications, independent studies along with paid avenues.

Browse here for full Report with TOC: https://www.credenceresearch.com/report/injection-molded-plastic-market

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