Blow Moulding Market Insights
The global adoption of blow molding technology is anticipated to grow exponentially over the coming years. The high demand for plastics that are recyclable in nature is expected to boost the demand for blow molding machineries over the coming years. The growing automotive, building & construction, and packaging industry is projected to foster market demand over the forecast period.
Blow Moulding Market: Technology Insights
On the basis of technology, the blow moulding market is segmented into injection, extrusion, stretch, compound, and others. Extrusion blow molding technique is expected to occupy the largest share as they are widely used in bulk manufacturing processes because of their comparatively cheaper cost.
Injection molding technique is anticipated to hold the second largest share in the market. The injection molding technique can be used with various materials to produce a wide variety of designs. However, the high capital cost incurred in the purchasing injection molding machinery may hamper market growth.
Compound molding method is used in the manufacture of customized or specialized automotive components. The need for high clarity bottles in the packaging sector are expected to increase demand for stretch blow molding.
Blow Moulding Market: Application Insights
On the basis of application, the blow moulding market is segmented into packaging, consumables & electronics, automotive & transport, building & construction, and medical among others. The use of blow molding in the packaging industry is expected to hold the largest market share by 2025. The need for appropriate packaging for several applications is anticipated to increase demand for plastic blow molding.
The extensive use of plastics in the manufacture of consumer durables, containers, and other parts & components are anticipated to positively influence market growth. The automotive industry has experienced an increased preference towards blow molded plastic components in order to reduce the weight of the vehicle. The automotive segment is anticipated to grow at the highest CAGR from 2017 to 2025.
Blow Moulding Market: Regional Insights
The demand for blow molding technology in the Asia Pacific region is estimated to hold the largest share in 2016. Rising production of consumer durables, electronics, and automotives in the Asia Pacific region is expected to augment market demand. Large scale manufacturing in China and India are expected to contribute to market growth over the coming years.
The European and North American markets are also expected to grow at a high CAGR due to applications in the packaging and automotive industry. Stringent regulations regarding vehicle emission norms in the European and American market has encouraged the consumption of plastic components in the automotive sector. Some of the largest automotive manufacturing countries include Germany, U.S., France, and Spain.
Blow Moulding Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase blow molding over the coming years. Some leading consumers in the market include Dow Chemical, Lyondell Basell, and Exxon Mobil among others.
Blow Moulding Market: Competitive Landscape
Some of the companies engaged in the manufacturing blow molded products include Magna International Inc., The Plastic Forming Company, Inc., Comar, LLC, Berry Global Inc., IAC Group, Pet All Manufacturing Inc., Inpress Plastics Ltd, and Rutland Plastics Ltd among others. Companies developing and supplying blow molding machineries include JSW, NISSEI ASB MACHINE, BEKUM, Milacron, Kautex Maschinenbau, and Aoki Technical Laboratory.