Registering a CAGR of 5.3% over the forecast period, the Injection Molded Plastics market is anticipated to reach the market value of US$ 38,030 million in the year 2026 from US$ 30940 million in the year 2020.
The Injection Molded Plastics process includes the steps like melting plastic pellets (thermoplastic / thermosetting polymers) which once soft enough, are injected with pressure into the mold cavity that solidifies and fills in order to produce the final product. The factor that is expected to drive the market is ever increasing demand for products from industries like packaging, automotive, electrical and electronics, home appliances, and medical devices. Contemporary inventions to diminish the rate of defective production has improved the implication of injection-molded technology in the mass production of complex plastic shapes.
Unstable prices of important raw materials like ethylene, styrene, propylene, benzene along with increasing environmental concerns regarding their disposal are anticipated to hamper the growth of the market during the analysis period. Organizations are working to develop injection molded plastics by using bio-based counterparts in order to tackle such issues.
Top Key Players in the Injection Molded Plastics Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Injection Molded Plastics Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report include Owens Corning, Jushi Group, Binani Industries, Saint-Gobain, Taiwan Glass, CPIC, Nippon Electric Glass, Nitto Boseki, China Beihai, Jiangsu Changhai, Texas Fiberglass, Jiangsu Jiuding, BASF SE (Germany), Dow Inc. (U.S), DuPont (U.S), HTI Plastics (U.S), Valder Kunststoffverarbeitungs GmbH (Germany), LyondellBasell (Netherlands), Toshiba Corporation (Japan), Coastal Plastic Molding, Inc.(U.S.), Huntsman Corporation. (U.S.), Magna International Inc.(Canada), Others.
Global Injection Molded Plastics Market research provides detailed Analytical Insights of global market size, regional and country-level scope, segmentation wise growth, global share, Competition Scenario, sales analysis, impact global market players on domestic players, value chain optimization, trade regulations, Latest developments, future opportunities, product launches, expanding marketplaces, and New technological innovations.
The Injection Molded Plastics Market is segmented based on the type, applications, companies, and regions.
The polypropylene segment is accounted for the largest revenue share of 33.1% in 2020 owing to its increasing consumption in automotive components, household goods, and packaging applications. The packaging segment is the largest revenue share of 31.2% in 2020.
The report offers an in-depth assessment of the growth and other aspects of the Injection Molded Plastics Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific, and Latin America.
In Europe, the market for injection molded plastics is expected to reach USD 96.2 Billion by 2026. Europe’s non-food and beverages packaging applications include cosmetics and toiletries, pharmaceuticals, and household chemicals.
The Asia Pacific injection molded plastics market and accounted for the largest revenue share of 39.1% in 2020.
Injection Molded Plastics Market highlights the potential growth opportunities in upcoming years while reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape, and other key aspects in the global market. The Global Injection Molded Plastics Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry. This Research Study compares the markets of Pre COVID-19 and Post COVID-19 with the impact of COVID-19 on the regional economy.
The report incorporates an in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis, and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers, and so on to comprehend the prevailing market dynamics at present and their impact during the forecast period 2021-2026. The report presents the analysis of the Injection Molded Plastics Market for the historical period of 2017-2021 and the forecast period of 2021-2026.
The key insights of the report have been presented through the frameworks of Major Mergers & Acquisitions, Technological Innovations, and Role of Manufacturers during the COVID19 Pandemic. Additionally, the major opportunities, trends, drivers, and challenges of the industry have been analyzed in the report.
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Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.