Injection Molded Plastic Market to Register 5% CAGR Till 2024

The global Injection Molded Plastic Market was valued at around USD 199.9 billion in 2015. It is expected to grow at a CAGR of approximately 5% during the forecast period (2016 - 2024). It will reach USD 296 billion by 2024. The growth of this market can be attributed to its growing demand in medical devices, home appliances, automotive, packaging, and electrical & electronic end-uses.

The molding process involves injecting molten plastic into molded products and solidifying them. The growth of this industry can be accredited to properties like heat resistance, pressure resistance, minimum wastage, and low labor cost.

Prices of volatile crude oil, benzene, ethylene, propylene, and styrene can challenge market growth in the coming eight years. To overcome such challenges, the industry is trying to manufacture molded plastic using biodegradable products. The injection molded plastic market is segmented into applications, raw materials, and geographies.

Browse Details of Report @ https://www.hexaresearch.com/research-report/injection-molded-plastics-industry

Applications include automotive, building & construction, consumables & electronics, packaging, medical, and others. Packaging was the leading application with a net demand surpassing 30,000 kilo tons in 2014.

The injection molded plastic holds an immense potential in medical and automotive segments. Biocompatible, cost efficient and optical clarity method of production can drive this segment till 2024.

Raw materials comprise acrylonitrile butadiene styrene (ABS), high-density polyethylene (HDPE), Polypropylene, Polystyrene, and others. Polypropylene accounted to over 35% of the total market demand in 2014. High demand for injection molded polypropylene in packaging, automotive, and household goods is likely to impel market growth in the coming years.

Geographies encompass North America, Central & South America (CSA), Asia Pacific, Europe, and the Middle East & Africa. Asia Pacific dominated the market holding over 37% of total volume in 2014. Rise in the demand of the plastics in the automobile industry in this region is likely to drive the market growth in this region. Increasing construction in India, China, and Indonesia will augment market growth in the region.

Major global injection molded plastic industry players are BASF, DuPont, Dow Chemical Company, and LyondellBassell. Early 2016, LyondellBassell started a new Polypropylene grade called Purell grade RP315M and Purel HP548N for healthcare applications like syringe plungers, pill strips, and others. These products increase the cycle time and production of cast film.


Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/plastics-polymers-and-resins-industry

About Us:

Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us:

Ryan Shaw

Hexa Research

Felton Office Plaza

6265 Highway 9

Felton, California 95018

United States

Phone: +1-800-489-3075

Email: sales@hexaresearch.com

Website - http://www.hexaresearch.com/

Plastics Market: Trends and Growth Drivers

The global Plastics Market is expected to grow rapidly at a healthy CAGR of over 8 % from 2014 to 2020. Plastics are synthetic/semi-synthetic organic solid materials that are used to create various valuable products. On account of the ease of manufacture, low cost, flexibility of use, and availability of raw materials, plastics have replaced a number of conventional materials such as paper, wood, metal, leather, glass, and ceramic in the majority uses. This is also projected to boost the global market. Moreover, various technologies that reprocess plastics are anticipated to be the key growth drivers for the global market.

However, the fluctuating prices of raw materials along with the rising environmental concerns related to plastic disposal are likely to hamper the market growth in the near future. To beat such challenges, the market players have shifted their focus towards developing some bio-based alternatives to usual plastics. The industry is categorized into products, applications, and regions.

The products sector comprises Polyvinyl Chloride (PVC), polystyrene, Polypropylene (PP), Polyethylene (PE), Polyethylene Terephthalate (PET), and engineering thermoplastics. The PE sector dominated the overall plastics market in 2013 accounting for over 35 % of the global market share. The rising demands from various end-use segments such as food & beverage packaging, injection molding, etc. led to the biggest market share. The PET sector is anticipated to be the fastest growing product sector with a CAGR of 9 % from 2014 to 2020.

Browse Details of Report @ https://www.hexaresearch.com/research-report/plastics-industry

The rising demands for PET plastics from the carbonated soft drink packaging market are projected to further augment the demands for PET plastics during the next few years.

The application sector includes injection molding, film & sheets, construction, packaging, textiles, and transportation. The films & sheets sector occupied over 45 % of the global share in 2013. Films & sheets are mainly utilized in food packaging and pharmaceuticals. This is said to boost the product demands in the near future. The application in plastic pipes is also likely to experience a substantial growth with a CAGR of 6 % over the forecast period.

Asia-Pacific was the largest regional market for plastics in 2013. The European & North American markets are quite mature and are said to grow slowly than other regions. The Central & South America region is estimated to register the maximum CAGR of over 6.5 % from 2014 to 2020.

Major companies in the plastics market are Saudi Basic Industries Corp.; E. I. du Pont de Nemours and Company; and BASF SE.

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/plastics-polymers-and-resins-industry

About Us:

Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us:

Ryan Shaw

Hexa Research

Felton Office Plaza

6265 Highway 9

Felton, California 95018

United States

Phone: +1-800-489-3075

Email: sales@hexaresearch.com

Website - http://www.hexaresearch.com/

Intumescent Coatings Market is Witnessing Growth due to Demand from Various Industries

The Intumescent Coatings Market is poised to grow due to demand from various industries. It is estimated to exhibit a 4.6% CAGR over the forecast period (2016-2024). A common regulatory standard is an effective barrier against market players attempting to invest in other regions. 

Intumescent coatings have the capability to protect materials from fire and its resulting damage. These coatings, when exposed to fire produce a separate layer called ‘char’ to protect the material by cutting off the oxygen. Its applications include fire-stopping pillows, window casings, and gasketing.

The global market is segmented according to raw material, end-users, and regions. Raw materials dependent on producing these coatings are hydrocarbon or cellulosic based. The former have large market shares, while the latter will exhibit a high growth rate due to its application across marine, automotive, and construction industries. Hydrocarbon coatings have significant returns in terms of revenue due to their increased use in oil & gas sector.

Browse Details of Report @ https://www.hexaresearch.com/research-report/intumescent-coatings-market

End-users entail automotive, construction, and oil & gas sectors. Oil & gas led the intumescent coatings market due to the exploration & production activities of shale gas and other fossil fuels. Construction sector will see an upsurge due to the increase in infrastructure projects in South America and Asia Pacific. Car safety laws are likely to augment market demand in the automotive sector in the next seven years.

Regions covered under the market are Latin America, North America, Asia Pacific (APAC), Middle East & Africa (MEA), and Europe. Asia Pacific and Europe currently have maximum shares of the market, but Europe will face dull growth in the coming years. North American market is market by product developments and innovative breakthroughs. MEA will experience significant growth due to the growing infrastructure sector and concurrent interest in the oil & gas sector.

Prime companies dominating the market are Akzo Nobel N.V.; Hempel Marine Paints; The Jotun Group; and Rudolf Hensel GmbH. They have been reigning on account of procuring raw materials at low cost. Products with better performance and a longer shelf life will garner maximum market shares. But a stable distribution cycle ranging from manufacturer to end-user will pose a challenge to new market players.

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/paints-coatings-and-printing-inks-industry

 About Us:

Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us:

Ryan Shaw

Hexa Research

Felton Office Plaza

6265 Highway 9

Felton, California 95018

United States

Phone: +1-800-489-3075

Email: sales@hexaresearch.com

Website - http://www.hexaresearch.com/