Global Molded Plastics Market Overview –
The global moulded plastics market was valued at 165.8 billion US dollars in 2022 and is expected to surpass a valuation of 260.5 billion US dollars by 2032, expanding at a compound annual growth rate (CAGR) of 4.7 percent over the aforementioned time period.
Plastics that have been moulded are made of synthetic polymers that, depending on their intended usage, can be shaped into complex geometries and shapes. In order to get finished moulded goods with the necessary mechanical, chemical, and electrical qualities, the properties of moulded plastics can be adjusted by adding additives. This can be done in a number of ways. Plastics that have been moulded are put to use in a wide variety of applications, including airflow ducts, plastic jars, toys, vehicle bumpers, and many more.
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Market Dynamics-
Molded plastics have seen substantial use in recent times as a direct result of the increased relevance of injection-molded plastic components in the interior and outside of automobiles. Molded plastics find widespread application in the automotive industry, where they are utilised for the production of a wide variety of car components like as instrument panels, door handles, air conditioner vents, speaker covers, column covers, grilles, and bumpers.
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It is projected that the growing reliance of the automobile industry on the technique of injection moulding will offer considerable prospects for OEM organisations that are active in the moulded plastic business. Furthermore, the expanding use of moulded plastics in the medical industry for the production of biomedical equipment and devices such as heart pumps, blood sugar monitors, skeletal braces, and foetal heartbeat monitors is projected to boost the market for moulded plastics over the next few years.
Market Scope –
This report, titled “Global Molded Plastics Market Examination to 2028,” is a professional and in-depth research of the chemicals and materials sector, with a particular emphasis on the analysis of the global market trend. The report was published in 2018. The purpose of this study is to offer an overview of the moulded plastics industry along with a detailed segmentation of the market based on technology, type, application, and geographic region.
During the time period covered by this estimate, the global market for moulded plastics is anticipated to experience significant expansion. The research presents major trends and opportunities in the moulded plastics industry, as well as vital statistics on the market status of the leading competitors in the market for moulded plastics.
Key Players –
Styrolution
Lyondell Basell
Total
FCFC
SADAF
Shell
Americas Styrenics
Trinseo
Jubail Chevron
Asahi Kasei
LG Chemical
Pars Petrochemical
By Type –
Molded Polyvinyl Chloride
Polypropylene
Polystyrene
Polyethylene
By Applications –
Agriculture
Building and Construction
Automotive and Transportation
Electrical and Electronic
Packaging
Medical
Others
By Regions –
In North America
In Latin America
Europe
The Asia-pacific
Middle East and Africa (MEA)
What are the main countries covered