Chemical industry reports Injection Molded Plastic Market Report, 2016
Hexa Research
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Injection Molded Plastic Market Share, Size, Analysis, Growth, Trends
and Forecasts, 2016 to 2024 | Hexa Research
The global injection molded plastic market was valued at around USD 199.9 billion in
2015. It is expected to grow at a CAGR of approximately 5% during the forecast period
(2016 - 2024). It will reach USD 296 billion by 2024. The growth of this market can be
attributed to its growing demand in medical devices, home appliances, automotive,
packaging, and electrical & electronic end-uses.
The molding process involves injecting molten plastic into molded products and solidifying
them. The growth of this industry can be accredited to properties like heat resistance,
pressure resistance, minimum wastage, and low labor cost.
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