Molded Plastics Market Size Was Valued at USD 801 Billion in 2022, and is Projected to Reach USD 1100 Billion by 2030, Growing at a CAGR of 4.3% From 2023-2030.
Polymers that have been molded into a variety of shapes using blow, injection, and extrusion molding techniques are known as molded plastics. Because of their affordability, durability, and light weight, these polymers are essential to many different industries, such as consumer products, electronics, automotive, packaging, and construction. Polyethylene, polypropylene, polystyrene, and polyvinyl chloride (PVC) are common forms of molded plastics, and each has special qualities appropriate for particular uses.
The market for molded plastics has grown significantly as a result of consumers' growing need for strong, lightweight materials. For example, molded plastics in the automobile sector aid in lowering vehicle weight, increasing fuel economy, and lowering pollutants. They offer strong, adaptable, and affordable packaging solutions that increase product shelf life and guarantee safety.
Molded Plastics Market Dynamics:
The realm of molded plastics involves intricate interactions between engineering, physics, and material qualities. High pressure is applied to molten plastic as it is pumped into a mold, causing it to resist flow. The viscosity is overcome by this pressure, filling the mold chamber. The plastic solidifies and adopts the shape of the mold as it cools. The secret is to keep temperature and pressure in check. It's critical to maintain the proper pressure throughout the operation since viscosity rises with cooling. The strength, surface quality, and dimensional correctness of the finished product are also influenced by variables such as the material type and mold design, which have an impact on how the plastic flows and cools. To put it simply, comprehending the dynamics of molded plastics entails learning how material behavior, fluid mechanics, and heat transfer interact to produce the intended result.
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Molded Plastics Market Segmentation:
By Type
- PE
- PP
- PVC
- PET
By Application
- Packaging
- Automotive & Transportation
- Construction & Infrastructure
By Region
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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Molded Plastics Market Key Players:
- Berry Global Inc. (USA)
- Jabil Inc. (USA)
- Molded Devices, Inc. (USA)
- AptarGroup, Inc. (USA)
- Technimark (USA)
- Quick Plastics, Inc. (USA)
- Plastics One Group (USA)
- Husky Injection Molding Systems Ltd. (Canada)
- Berry Berry Superfos A/S (Denmark)
- Greiner Holding GmbH & Co. KG (Austria)
- Huhtamaki Oyj (Finland)
- DSM (Netherlands)
- AptarGroup Inc. (Luxembourg)
- Sofema S.p.A. (Italy)
- Biesse Group S.p.A. (Italy)
- Wipak AB (Sweden)
- Sinclair Holdings (Malaysia)
Molded Plastics Market Regional Analysis:
Asia-Pacific, a major hub for production and exports, currently supplies molded plastic products to domestic and international markets. International shipping and distribution of molded plastic products is made simple by the region's well-established logistical networks and infrastructure. Additionally, a significant sum of money has been spent in Asia and the Pacific on manufacturing technologies, which has increased output and improved product quality.
The cost per kilogram of polyvinyl chloride (PVC) resin in India was 111 Indian rupees in 2022. That was 70 Indian rupees per kilogram in comparison to 2017. PVC prices rose due to higher costs for coal, natural gas, and crude oil in addition to growing demand.
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Company Profiles and Competitive Analysis:
COMPANY PROFILES AND COMPETITIVE ANALYSIS
- COMPETITIVE LANDSCAPE
- Competitive Positioning
- Molded Plastics Market Share By Manufacturer (2022)
- Industry BCG Matrix
- Heat Map Analysis
- Mergers & Acquisitions
- ARIEL CORPORATION
- Company Overview
- Key Executives
- Company Snapshot
- Role of the Company in the Market
- Sustainability and Social Responsibility
- Operating Business Segments
- Product Portfolio
- Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
- Key Strategic Moves and Recent Developments
- SWOT Analysis
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