This trend is anticipated to drive global market growth over the forecast period. Reduced costs and light
weight of plastic compounds further contribute to the rising product demand in various industrial applications,
mainly in construction and automotive sectors.Extrusion blow molded plastics was the largest and the fastest
growing technology segment in 2016. The extrusion blow molding technology is a revolutionary form of blow
molding process as it has revolutionized the plastic manufacturing sector. One of the main advantages of this
process is that it enables the manufacturers to increase output along with the efficiency of providing
customized products.
Moreover, cheaper mold cost compared to other processes makes it a cost-effective technology. Hence, it is
expected to be the largest technology segment in the next eight years as it is used to manufacture plastic
products for several end-use industries.
Further key findings from the report suggest:
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The global blow molded plastics demand was 68.13 million tons in 2016 and is estimated to grow at a
CAGR of 3.6% from 2017 to 2025
Polyethylene was the largest product segment in 2016. PE compounds are dominantly used across
various industries and have been an integral material for packaging industry. Apart from the packaging
sector, the UHMWPE finds application in manufacturing high performance medical devices
Acrylonitrile butadiene styrene (ABS) to emerge as the fastest growing product segment owing to
increasing demand form the automobile industry
Asia Pacific accounted for over 30% of the overall volume in 2016. China blow molded plastics market
to witness a growth of 6.1% to reach a net worth of USD 30.62 billion by 2025.
Major resin manufacturers currently operating in the market include Dow Chemical Company, Sabic,
ExxonMobil, LyondellBasell and Sinopec. They account for less than 40% of the overall global annual
output
Favorable federal regulations by agencies such as EPA, NHSTA, CARB, and SEPA regarding carbon
emissions along with EU initiatives to develop blow molding applications for manufacturing light and
fuel-efficient cars are likely to boost global market growth.
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Table Of Content
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources
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