The global molded plastics market size was US$ 573.3 billion in 2021. The global molded plastics market size is forecast to reach US$ 869.2 billion by 2030, growing at a compound annual growth rate (CAGR) of 4.3% during the forecast period from 2022 to 2030.
Molded plastics are non-metallic polymers that can mold into different shapes for commercial use. They’re adaptable, efficient, malleable, and can toughen to achieve the desired uniformity. The result is a small component with a high level of detail and refinement. Due to their high ductility, tensile strength, impact resistance, and greater design flexibility, these employ in many applications such as building & construction, automotive & transportation, consumables & electronics, packaging, and others such as medical, stationery, and textiles.
Download free sample of this report :-https://www.quadintel.com/request-sample/molded-plastics-market/QI038
Factors Influencing Market Growth
Rising awareness about hygiene-related activities has shown the growth of the packaging sector, which uses molded plastic for producing complex and intricate-shaped plastics. Thus, this factor drives the global market.
The growing endeavors of both developed and developing economies to encourage sustainable products to fuel the global market growth.
The molded plastic production emits many toxic chemicals that may induce several health-related issues. Thus, this factor may slow down overall market growth.
The increasing manufacturer’s concentration, availability of feedstock at lessened prices, and appearance of local players have led the manufacturers to offer molded plastics at cheap prices. This factor is forecast to offer lucrative opportunities for the global market during the forecast period.
Impact Analysis of COVID-19
The COVID-19 pandemic had a negative impact on the global molded plastics market. In addition, the COVID-19 negatively affected the major end-users of molded plastics, such as building & construction, packaging, automotive, industrial, and electrical & electronics. Several governments worldwide imposed lockdown, which impacted the supply-demand gap. Additionally, several electronics companies had to shut down or shrank their operations due to the infection risk among laborers.
Regional Insights
The Asia Pacific region garnered the major market share in 2021 and is forecast to have substantial growth during the forecast period. As a result of the growing automotive, building & construction, electrical & electronics, and industrial sectors. In addition, leading countries such as India, Australia, Indonesia, and Malaysia noticing a rise in the building & construction sector that uses molded plastics as a key insulating material in various residential and commercial building & construction sites. Thus, these factors drive the market growth in the region.
Request full Report Description, TOC, Table of Figure, Chart, etc : –https://www.quadintel.com/request-sample/molded-plastics-market/QI038
Leading Competitors
The leading prominent companies profiled in the global molded plastics market are:
Atlantis Plastics, Incorporated
China Plastic Extrusion Limited
Eastman Chemical Company
DuPont
GSH Industries
Mitsubishi Chemical Corporation
Mitsui Chemicals Incorporated
Petro Packaging Company, Incorporated
Pexco LLC
PSI Molded Plastics
Other Prominent Players
Scope of the Report
The global molded plastics market segmentation focuses on Product, Technology, Application, and Region.
Segmentation based on Product
Polyethylene
Polypropylene
Polyvinyl Chloride
Polyethylene Terephthalate
Polystyrene
Polyurethane
Others
Segmentation based on Technology
Injection Molding
Blow Molding
Extrusion
Others
Download free sample of this report :-https://www.quadintel.com/request-sample/molded-plastics-market/QI038
Segmentation based on Application
Building and Construction
Automotive
Electrical and Electronics
Packaging
Others
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Highlight the Following Key Factors:
- Business Description: a particular description of agency operations and enterprise departments.
- Company Strategy: The analyst’s precis of the company’s commercial enterprise strategy.
- SWOT Analysis: Detailed evaluation of the company’s strengths, weaknesses, opportunities, and threats.
- Company History: The development of predominant occasions associated to the company.
- Main merchandise and services: A listing of the company’s fundamental products, services, and brands.
- Main Competitors: A listing of the company’s fundamental competitors.
- Important places and subsidiaries: The company’s major places and subsidiaries’ listing and contact information.
- Detailed economic ratios of the previous 5 years: The trendy monetary ratios come from the annual economic statements issued by means of agencies with a record of 5 years.
Request Full Report : –https://www.quadintel.com/request-sample/molded-plastics-market/QI038
About Quadintel:
We are the best market research reports provider in the industry. Quadintel believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today’s competitive environment. Quadintel is a ‘one-stop solution’ for individuals, organizations, and industries that are looking for innovative market research reports.
- Robust, detailed segmentation
- In-depth analysis in all geographies.
- Detailed breakup in various segmentation.
- Rigorous primary and secondary research
We will help you in finding the upcoming trends that will entitle you as a leader in the industry. We are here to work with you on your objective which will create an immense opportunity for your organization. Our priority is to provide high-level customer satisfaction by providing innovative reports that enable them to take a strategic decision and generate revenue. We update our database on a day-to-day basis to provide the latest reports. We assist our clients in understanding the emerging trends so that they can invest smartly and can make optimum utilization of resources available.
Get in Touch with Us:
Quadintel:
Email:sales@quadintel.com
Address: Office – 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611, UNITED STATES
Tel: +1 888 212 3539 (US – TOLL FREE)
Website : https://www.quadintel.com/