Molded Plastics Market
REPORT DESCRIPTION
Molded Plastics Market (Material Type - Polypropylene, Polyethylene,
Polyvinyl
Chloride,
Polystyrene,
Polyethylene
Terephthalate,
Polyethylene Terephthalate; Technology - Injection Molding, Injection
Molding, Blow Molding, Thermoforming; Application - Packaging,
Consumable & Electronics, Automotive & Transportation, Building &
Construction) - Global Industry Analysis, Size, Share, Growth, Trends
and Forecast 2016 - 2024
The top 10 players in the global molded plastics market represented only 40% of its value in 2015,
pointing towards the highly fragmented nature of the market. BASF SE, Chevron Philips Chemical
Company LLC, LyondellBasell Industries N.V., Eastman Chemical Company, and SABIC are among
the top 10 companies in the market. Transparency Market Research (TMR) observes that the high
technical acumen and strong brand equity of these players are creating a high entry barrier for new
players to penetrate in the market.
The majority of the leading players are aiming at expanding their market shares by product
innovation, competitive pricing, and enhancing geographical outreach. “Collaborations between small
and multinational players are paving way for molded plastics that comply with world-class quality
requirements,” says TMR’s lead analyst. The global market for molded plastics had a valuation of
US$124.8 bn in 2015 and is anticipated to rise to US$202.2 bn by 2024, progressing at a CAGR of
5.6% between 2016 and 2024.
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http://www.transparencymarketresearch.com/molded-plastics-market.html
Asia Pacific to Remain Ahead until 2024
On the basis of end-use industries, the packaging industry is the most prominent consumer of molded
plastics and will retain its position until 2024. The higher price of molded plastic used for the
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Transparency Market Research