Molded Plastics Market 2016 Share, Trend, Segmentation and Forecast Molded Plastics Market - Global Industry Analysis,

Molded Plastics Market - Global Industry
Analysis, Size, Share, Growth, Trends and
Forecast 2016 - 2024
Molded Plastics Market: Snapshot
Increased oil and gas production activity and associated industrial development, as
well as rapid expansion in the construction and packaging industries have
contributed significantly to the rise in demand for molded plastic products.
Collaboration with multinational players has helped plastic converters develop
molded plastics that comply with world-class quality requirements and over the
decades, plastics have replaced key materials such as metals, glass, and paper to
become an integral part of our everyday life.
The global molded plastics market was valued at US$124.8 bn in 2015 and is
projected to reach US$202.2 bn by 2024 at a CAGR of 5.6% therein. In terms of
volume, the market is expected expand at a 4.3% CAGR from 2016 to 2024.
View Report @ http://www.transparencymarketresearch.com/molded-
plastics-market.html
Growing Usage
Construction
of
Molded
Plastics
in
Packaging
and
Building
&
Molded plastics find application in various end-use industries, including packaging,
consumables and electronics, automotive and transportation, and building and
construction.
The packaging application leads the molded plastics market in terms of volume as
well as value. This industry is anticipated to remain the most prominent consumer
of molded plastics during the forecast period, with the consumption volume
amounting to almost 30% more than any other application. The price of molded
plastics used for packaging has been slightly higher than that for any other
application and this is also contributing to the growth of the packaging segment by
value.
The commercialization of advanced polymers is supporting the demand for molded
plastics in the building and construction sector. Transparency Market Research has
observed that molded plastic products used for building and construction have been
witnessing increased growth and the emerging markets in Asia Pacific are significant
contributors to this growth.