Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Injection molded plastics is an emerging manufacturing method since many years. The plastic injection molding is ideally a process where the melted plastic pellets that are malleable enough are injected at pressure into a mould cavity which further fills and solidifies to produce the final product. The market is majorly an important role for the consumer product development sector. Also, the process of injection molded plastics is fast, allow to produce large quantities of same plastic product in a short time span. The market is expected to witness growth at significant rate during the forecast owing to increasing demand from industrial sectors.
The key factor driving the injection molded plastics market is growing demand for injection molded plastics in the automotive industry. The use of injection molded plastics within the automotive applications are majorly required due to its potential to operate in extreme temperature, according to requirements. Besides these injection molded plastics are lower in cost, have reduce weight and offers versatility. Also, growing preference for biodegradable polymers among medical device manufacturers is further boosting the growth of injection molded plastics market. In addition, construction industry expansion in Asia Pacific is driving the market growth owing to growing population and demand for advanced infrastructure and furthermore fueling the economic growth of region. Moreover, global packaging industry expansion is the key factor boosting the injection molded plastics market.
The exclusive COVID 19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the injection molded plastics market. In addition, complete analysis of changes on the injection molded plastics market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market.
The injection molded plastics market is segmented based on raw material, application and geography.
The injection molded plastics is available in market according different raw material like abs, polypropylene, high-density polyethylene (hdpe), polystyrene. Polypropylene is expected to witness growth at highest rate as it is widely used and produced plastic material. The properties of raw material like chemical resistance, toughness, elasticity, flexibility in packaging, processing makes it highly acceptable in the injection molded plastics market.
The injection molded plastics finds application in medical, construction, consumables & electronics, automotive and packaging. Packaging is anticipated to dominate holding significant share in the global injection molded plastics market. The growth is due to increasing demand of packaging in different application and industries like food & beverages, pharmaceutical, medical and others. Besides the injection molded plastics help to increase the product shelf life, performance, contamination free using the packaging. In addition the packaging has certain advantages like high temperature resistance, and are cost effective which further boosts the growth of the segment.
Geographically injection molded plastics market is studied for the following region North America, Europe, Asia Pacific and RoW. Asia Pacific is projected to lead in the global injection molded plastics market owing to growing demand in different industrial sectors. Furthermore the developing countries of region like China, India and Japan are further propelling the demand for injection molded plastics attributing to increasing spending of countries in infrastructure and growing requirement in medical, construction, consumables & electronics and automotive. The Asia Pacific region is expected to witness the growth at the highest pace during the forecast period. Whereas Europe is anticipated to grow at significant rate due to increasing usage of injection molded plastics in different sector packaging like pharmaceutical, medical , food & beverages, , cosmetics and others. Furthermore growing demand from the different countries in the region is driving the regional growth in the market.
The key players in injection molded plastics market are AptarGroup, Inc., BASF SE, Berry Global, Inc., Dow Inc., DuPont, Eastman Chemical Company, Exxon Mobil Corp., Heppner Molds, HTI Plastics Inc., Huntsman Corporation, INEOS Group, International Automotive Components (IAC) Group, Lacks Enterprises, Inc., LyondellBasell Industries N.V., Magna International, Inc., Master Molded Products Corporation, Rutland Plastics, SABIC and The Rodon Group among others.
The report analyses the global injection molded plastics market based on raw material, application and geography. The injection molded plastics is available in market according different raw material like abs, polypropylene, high-density polyethylene (hdpe), polystyrene. The injection molded plastics finds application in medical, construction, consumables & electronics, automotive and packaging. Geographically injection molded plastics market is studied for the following region North America, Europe, Asia Pacific and RoW.
The key players in injection molded plastics market are AptarGroup, Inc., BASF SE, Berry Global, Inc., Dow Inc., DuPont, Eastman Chemical Company, Exxon Mobil Corp., Heppner Molds, HTI Plastics Inc., Huntsman Corporation, INEOS Group, International Automotive Components (IAC) Group, Lacks Enterprises, Inc., LyondellBasell Industries N.V., Magna International, Inc., Master Molded Products Corporation, Rutland Plastics, SABIC and The Rodon Group among others.
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