Global Injection Molded Plastic Market Research: Information By Raw Material (Polypropylene, Polystyrene, Polycarbonate, Hdfe), Application (Packaging, Consumable Electronics, Automotive Transportation) – Forecast Till 2023

Prominent Industry Vendors :

The well-renowned contenders in the global injection molded plastic market include INEOS Group AG, Reliance Industries Limited, Huntsman Corporation, Chevron Phillips Chemical Company LLC, DuPont, BASF, Dow Chemicals, ExxonMobil, LyondellBasell, SABIC, Eastman Chemical Company, among others.

Request for Free Sample of " Injection Molded Plastic Market Research Report-Forecast till 2023" @ https://www.marketresearchfuture.com/sample_request/5539

Growth Drivers and Key Challenges:

March 2019 – Plastic Components Inc. recently acquired Cary, which is a North Carolina-based company that manufactures engineered as well as high-precision injection molded components. With this acquisition, the company is striving for expansion through expanded geography and an upper hand among its competitors in the market. This instance showcases the continuous efforts being put in by numerous players for expanding their production capabilities, in addition to indulging in various marketing strategies to cater to the growing demand for injection molded plastic.

Market Segmentation:

The market for injection molded plastic is segmented on the basis of application and raw material.
The application-wise segments in the global market are consumable electronics, packaging, building construction, automotive transportation, medical, and others. Here, the packaging will be surging at a significant CAGR during the review period, owing to the various properties of injection molded plastic that offer enhanced resistance from wear and tear, in addition to improving the shelf life of the product, which adds to the overall durability of the product packed. Furthermore, the elevated demand from the medical as well as the electronic sector will serve to be beneficial for the market growth as well.
 
The injection molded plastic market, depending on the raw material, caters to ABS, polypropylene, polystyrene, HDFE, polycarbonate, PEEK, engineering thermoplastic polyurethane, LLDPE, PET, LDPE, and others. Out of these sub-segments, polypropylene is slated to be the dominating segment in the global market, with the prediction of it witnessing strong growth in the next few years. The polypropylene segment held more than 30% of the market share in the year 2016. The relentless growth of the segment has been possible due to the growing demand for the household, packaging and automotive applications.

Browse Full Report Details of "Injection Molded Plastic Market Research Report-Forecast till 2023" @ https://www.marketresearchfuture.com/reports/injection-molded-plastic-market-5539

Regional Insights:
The regional analysis of the global injection molded plastic has been done in the prominent regions of Europe, Latin America, Asia Pacific, North America, as well as the Middle East Africa.

Demonstrating a lucrative growth pattern amongst all the regions is Asia Pacific, which has taken the lead with the majority stake in the global market. The report states that the regional market share was over 30% in the year 2017, with the expeditious rate of urbanization and the growth of numerous industries responsible for the said growth.

Additionally, the increasing government regulations like tax benefits and incentives are luring in various manufacturers that are now striving to expand their market presence in the region, resulting in the market development. Not just this but the expansion of the automobile and construction sector will also amp up the demand for injected molded plastic in the region. The countries in the region such as India, China and Japan have established themselves as the primary consumers of injection molded plastic.
The North America region, on the other hand, is making similar stride with a highly established market for injection molded plastic at a global level.

The highly advanced end-user industries like construction, electronics and transportation, are fueling the market expansion to a large extent. In addition, the growing funds that are used for the renovation as well as construction of residential and commercial infrastructure will strive to uplift the demand for injection molded plastic in these sectors.
The injection molded plastic market in Europe will showcase positive outlook in the near future, motivated by the expansion and growing demand from the construction and automobile sectors.

The countries at the forefront of the regional market include France, Germany and Italy. Other factors working in favor of the regional market are the well-developed pharmaceutical and cosmetic industry coupled with the rising demand for processed food, which in turn, pushes the use of injected molding plastics in the nonfood and food packaging application.

Targeted Audience:
• Injection molded plastic market manufacturers
• Traders and Distributors of Injection molded plastic market
• Production Process Industries
• Potential Investors
• Raw Material Suppliers