Injection Molded Plastics Market : Global Market Estimation, Dynamics, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Injection Molded Plastics Market: By Application (Automotive Packaging, & Transportation, Medical), By Raw Material (ABS, Polypropylene, HDPE, Polystyrene), By Region & Forecast from 2021 to 2027

 

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Report

Description

The global injection molded plastics market size valued at USD 363.60 billion in 2020 and expected to reach USD 495.89 billion, at a CAGR of 4.6% during forecast period 2021-2027. Injection molded plastics are hugely used in the development process of interior wrapping, miscellaneous assembly parts and automotive components. Intricate and compound shaped parts are products for precision using injection molded plastics. It is also utilized in packaging purposes for the production of packaging parts and increasing the aesthetics of the packaging products. Injection molded plastics are hugely used in construction and building purposes because of the efficient features of injection molded plastics such as appearance, strength and durability. There is growing demand for plastic parts in construction and building sectors as these plastic parts are hugely used for roofing purposes, piping systems and insulation wall board. Among all the sectors, healthcare industry is the fastest growing sector during forecast period for injection molded plastic industry. Injection molded plastics become more popular due to their exciting characteristics such as cost effectiveness and lightweight. The injection molded plastics market allows for the simultaneous use of several polymers and the manufacture of elaborate and sophisticated high-strength products. Injection moulded plastic items require less finishing, resulting in lower costs. Aside from that, the procedure is rapid and produces a high volume of product, and it may be automated, lowering the overall cost of the finished goods.

Injection Molded Plastics Market

MARKET SUMMARY
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4.6% CAGR
  • Study Period– 2021 – 2027
  • Base Year– 2020
  • CAGR– 4.6%
  • Largest Market– North America
  • Fastest Growing Market–  Asia-Pacific

Injection Molded Plastics Market

  • The report on global injection molded plastics market gives historical, current and future market sizes (US$ Bn) based on by raw material, application and geographical regions.
  • injection molded plastics market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Key Players
  • Lyondellbasell Industries N.V.
  • Dow, Inc.
  • DuPont
  • SABIC
  • Eastman Chemical Company
  • INEOS Group
  • BASF SE
Injection Molded Plastics Market

Drivers And Restraints

There is increasing demand from various end-use industries for plastic components such as electronics, automotive, packaging, home appliances and electrical. Medical devices are projected to impel the market. Automated process makes use of injection molded plastics, which results into lessening the manufacturing cost. It also lessens the waste production of manufacturing process. The combination of faster production process and low production waste would enhance the injection molded plastics market growth. This process also makes use of various kinds of plastics at the same time to manufacture plastic parts. Moreover, another booming factor for the market growth is robots are used in injection molding process for performing various operations like loading components and finishing, assembling injection molded parts into the injection molding. On the other hand, high initial tooling price and unstable petroleum costs can restrict the market growth.


North-America got significant share

Injection Molded Plastics Market

Geographically, this plastics market is categorized into many crucial regions but North America is among the leading market regions for injection molded plastics which obtained the huge market share in the year 2014. LAMEA and Asia Pacific also shared huge market growth for injection molded plastics because of the increasing application in automotive industries, building, and consumer appliance and construction sectors. Asia Pacific is anticipated to witness a CAGR of 5.7% in upcoming years.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East
Injection Molded Plastics Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content

Description

The global injection molded plastics market size valued at USD 363.60 billion in 2020 and expected to reach USD 495.89 billion, at a CAGR of 4.6% during forecast period 2021-2027. Injection molded plastics are hugely used in the development process of interior wrapping, miscellaneous assembly parts and automotive components. Intricate and compound shaped parts are products for precision using injection molded plastics. It is also utilized in packaging purposes for the production of packaging parts and increasing the aesthetics of the packaging products. Injection molded plastics are hugely used in construction and building purposes because of the efficient features of injection molded plastics such as appearance, strength and durability. There is growing demand for plastic parts in construction and building sectors as these plastic parts are hugely used for roofing purposes, piping systems and insulation wall board. Among all the sectors, healthcare industry is the fastest growing sector during forecast period for injection molded plastic industry. Injection molded plastics become more popular due to their exciting characteristics such as cost effectiveness and lightweight. The injection molded plastics market allows for the simultaneous use of several polymers and the manufacture of elaborate and sophisticated high-strength products. Injection moulded plastic items require less finishing, resulting in lower costs. Aside from that, the procedure is rapid and produces a high volume of product, and it may be automated, lowering the overall cost of the finished goods.

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