Jan 18, 2023   SOURCE: BusinessWire

$363 Billion Worldwide Injection Molded Plastics Industry to 2027 - Featuring BASF, Berry Global, Chevron Phillips Chemical and Dow Among Others - ResearchAndMarkets.com

The "Injection Molded Plastics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global injection molded plastics market size reached US$ 278.57 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 363.61 Billion by 2027, exhibiting a CAGR of 4.54% during 2021-2027.

Companies Mentioned

  • BASF SE
  • Berry Global Inc.
  • Chevron Phillips Chemical Company LLC
  • Dow Inc.
  • Eastman Chemical Company
  • ExxonMobil Corporation
  • Heppner Molds Inc.
  • Huntsman International LLC
  • Ineos Group Ltd
  • LyondellBasell Industries Holdings B.V.
  • Mitsubishi Chemical Corporation
  • Rutland Plastics Limited
  • Saudi Basic Industries Corporation

Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Injection molded plastics are manufactured using thermoplastics, such as acrylonitrile butadiene styrene (ABS), high-density polyethylene (HDPE), low-density polyethylene (LDPE), polycarbonate (PC), polyamide (nylon), high impact polystyrene (HIPS), and polypropylene (PP).

They are cost-effective and lightweight and consequently, their utilization is rising across the globe for producing numerous consumer goods. Besides this, they are also employed in different industries, such as packaging, electronics, and healthcare.

The increasing focus of market players on high-volume production using low-cost and high-quality plastics has resulted in the development of advanced technologies for manufacturing plastic products. This, coupled with the burgeoning automotive industry, represents one of the key factors bolstering the growth of the market.

Besides this, injection molded plastics are used in making golf club heads, plastic clarinets, bags, films, bottles, geomembranes, eyewear lenses, medical devices, cellular phones, utensils, athletic apparel, area rugs, and car batteries.

Apart from this, as ABS is a food-grade plastic, it finds extensive applications in the production of mixing bowls, lunch boxes, measuring cups, citrus squeezers or butter dishes, coffeemakers, mixers, blenders, food processors, and refrigerator parts. It is also utilized in food packaging, particularly wherein high tear strength is required, such as in lids and tubs for margarine containers.

In addition, there is a rise in the usage of nylon on account of its electrical properties, toughness, stability, and resistance against wear, abrasion, impact, and chemicals. This, coupled with the rising demand for sports equipment among sports enthusiasts, is strengthening the growth of the market. Furthermore, the increasing use of injection molded plastics in the construction industry worldwide is influencing the overall sales and profitability positively.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global injection molded plastics market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on raw material and application.

Breakup by Raw Material:

  • Polypropylene (PP)
  • Acrylonitrile Butadiene Styrene (ABS)
  • High-Density Polyethylene (HDPE)
  • Polystyrene (PS)
  • Others

Breakup by Application:

  • Packaging
  • Consumables and Electronics
  • Automotive and Transportation
  • Building and Construction
  • Medical
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Key Questions Answered in This Report:

  • How has the global injection molded plastics market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global injection molded plastics market?
  • What are the key regional markets?
  • What is the breakup of the market based on the raw material?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global injection molded plastics market and who are the key players?
  • What is the degree of competition in the industry?

For more information about this report visit https://www.researchandmarkets.com/r/x8of8j