Plastic Molding Market Size & Analysis - Forecasts To 2025 By Material (Polypropylene, Polystyrene, Low Density Polyethylene, High Density Polyethylene, Polyethylene Terephthalate, ABS, Others), By Technology (Injection Molding, Blow Molding, Extrusion, Others), By End-use (Packaging, Consumables & Electronics, Automotive & Transport, Building & Construction, Medical, Others), By Region (North America, Europe, Asia-Pacific, Central & South America, Middle East & Africa), Vendor Landscape, End-use Landscape, and Competitive Landscape - Global Market Estimates
Plastic Molding Market Insights
The global plastic molding market is anticipated to grow exponentially over the coming years. The need for design flexibility and automated processes for bulk plastic component manufacturing is expected to increase demand for plastic molding over the coming years. The development of various techniques and machineries that allow continuous manufacturing of plastic components is expected to augment demand for molding technologies.
Plastic Molding Market: Material Insights
On the basis of material, the plastic molding market is segmented into polypropylene (PP), polystyrene, low density polyethylene (LDPE), high density polyethylene (HDPE), polyethylene terephthalate (PET), ABS, and others. The demand for polypropylene molded plastics is expected to hold the largest market share by 2025. Polypropylene is extensively used in the electronics and food packaging industry on account of its insulation and anti-corrosion properties.
Plastic Molding Market: Technology Insights
On the basis of technology, the plastic molding market is segmented into injection molding, blow molding, extrusion, and others. Injection molding was one of the most preferred techniques in 2016. It is widely used to manufacture parts and components in the automotive and construction sector. Injection molding reduces processes times and wastage, while ensuring mass production.
Plastic Molding Market: Application Insights
On the basis of application, the plastic molding market is segmented into packaging, consumables & electronics, automotive & transport, building & construction, and medical among others. The use of plastic molding in the packaging industry is expected to hold the largest market share by 2025. The need for appropriate packaging in the food & beverage, consumer durable, and electronics industry to ensure product protection from damage is expected to positively influence market growth over the coming years.
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 segment is anticipated to grow at the highest CAGR from 2017 to 2025. The automotive industry has experienced an increased preference towards molded plastic components in order to reduce the weight of the vehicle.
Plastic Molding Market: Regional Insights
The demand for plastic molding in the Asia Pacific region is estimated to hold the largest share in 2016. China is projected to hold the highest share in the market by 2025. 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 towards market growth over the coming years.
Stringent regulations regarding vehicle emission norms in the European and American market has encouraged the consumption of plastic components in the automotive sector. The European and North American markets are also expected to grow at a high CAGR due to applications in the packaging and automotive industry. Some of the largest automotive manufacturing countries include Germany, U.S., France, and Spain.
Plastic Molding 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 plastic molding over the coming years. Some leading consumers in the market include Renault, Ford Motor Co., and General Motors Co. among others.
Plastic Molding Market: Competitive Landscape
Key companies operating in the plastic molding market include BASF SE, SABIC, Eastman Chemical Company, E.I. du Pont de Nemours & Co., Huntsman Corporation, INEOS Group AG, Exxon Mobil Corp., Reliance Industries Limited, The Dow Chemical Company, Chevron Phillips Chemical Company LLC, Magna International Inc., Berry Plastics Group, Becton Dickinson, LyondellBasell Industries N.V., Al Watania Plastics, Takween Advanced Industries, Obeikan Investment Group (OIG), and Harwal Group among others.
Please note: This is not an exhaustive list of companies profiled in the report.
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The global Plastic Molding Market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Plastic Molding Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies, and customer analytics.
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