Injection Molded Plastic Market Set to Reach USD 296 billion by 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 - https://www.hexaresearch.com/

Allantoin Industry is Driven by Increasing Demand from Various Industries

The global Allantoin Market is anticipated to grow at a CAGR of over 6 % from 2016 to 2024 on account of the growing demands from various industries such as cosmetics, oral hygiene etc. Moreover, rising scope of applications of allantoin in the pharmaceutical products, such as eye drops and skin care creams, is also expected to drive the market growth during the forecast period. The global market is categorized as applications and regions.

The applications sector of the allantoin market includes cosmetics, pharmaceutical, and oral hygiene. The global market for allantoin was dominated by cosmetics sector in 2015. It is further expected to grow as a result of growing consumer awareness concerning potential benefits of the products. Plus, rapid urbanization along with the growing disposable income levels is also said to spur the sector growth during the estimated years. The pharma sector is also expected to have huge gains at over 6 % from 2016 to 2024. The growing customer awareness concerning general well-being is anticipated to boost the growth of the pharmaceutical sector in the near future.

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

Oral hygiene sector is likely to grow at a CAGR of over 7 % during the forecast period. The rising global oral care industry is likely to propel the product demands in the sector. Several other applications include its usage in agrochemicals and nutraceuticals. In addition, increasing agrochemicals demands and the rising demands for food & beverages with high nutritional content are also likely to spur the market growth.

Geographically, the APAC allantoin market dominated the global market due to growing demands from industries such as pharmaceutical, oral care, cosmetics, etc. The regional market is expected to generate revenue of over USD 220 million by 2024. North American market for allantoin accounted for a considerable amount of global demand due to high usage levels in the pharma and personal care industries. However, the region is said to experience a slow growth during the estimated years because of the slower industrial growth. The European market is also likely to witness a slow growth rate. The Middle East & Africa and Latin America regions are expected to be high-growth regional markets. The cosmetics industry growth in these regions along with the improved spending capacity is likely to augment the product demand.

The major companies in this market are Ashland Inc.; Rita Corp.; and Lubon Industry Co. Ltd.

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/bulk-chemicals-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 - https://www.hexaresearch.com/

Diverse Application of Intumescent Coatings in Various Industries

The Intumescent Coatings Market 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.

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.

Related Reports @

Composite Coatings Market: Composite coatings are majorly carbon composites mixed with epoxy resins. The increased usage of composite coatings in end application industries is expected to drive the market demand. 

Conformal Coating Market: Demand from industries, such as automotive and consumer electronics can drive the conformal coating market from 2016 to 2024. 

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 - https://www.hexaresearch.com/

Phenol Market Size is Projected to Value USD 31.73 Billion By 2025

The global Phenol Market is anticipated to reach USD 31.73 billion by 2025, driven by the rising demand for derivatives such as epoxy resins, polycarbonates, nylon, phenolic resins, detergents and pharmaceuticals. These derivatives are important intermediates for manufacturing an extensive range of industrial products and are expected to boost the market over the forecast period.

Asia Pacific had the highest market share in terms of revenue and volume and is expected to maintain its position over the forecast period. Furthermore, China and India have been driving the regional market owing to the increased consumption of the derivatives, produced from phenol to manufacture industrial products. Asia Pacific market is expected to grow at a CAGR of 4.9% over the projected period. Europe and North America are likely to grow at a steady state as a result of stringent government norms to use this product as it is toxic and harmful to the environment.

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

Bisphenol-A dominated the market accounting for 48.8% of the volume share in 2016. It is one of the major derivatives used to produce polycarbonates and epoxy resins. Moreover, growing importance in the use of sustainable energy owing to rising crude oil prices is expected to drive the demand for epoxy resins. These are thermosets that have an exclusive blend of chemical resistance, toughness and strong adhesion. It is used as a coating application in wind turbine rotor blades, electrical equipment, steel pipes and metal cans & containers.

However, phenolic resins are the fastest growing segment in terms of both volume and revenue share. These are synthetic polymers and are used for making molded products such as laboratory countertops, billiard balls and as adhesives & coatings which are anticipated to fuel the market over the forecast period.

There is a huge competition among the established players and companies have to comply with environmental regulations implemented by the EPA and European Commission. The presence of a stringent regulatory framework is expected to increase the entry barriers for new players.

The majority of the companies in the field enter into a joint venture agreement with other manufacturers and distributors to expand its presence and meet the requires demand in the particular regions. The leading players operating in the phenol market include INEOS Phenol, Mitsui Chemicals, Aditya Birla Chemicals, PTT Phenol, CEPSA Quimica, Shell Chemical, LG Chem, Honeywell Resins & Chemicals, Shandong Sheng Quan Chemicals Co. Ltd., and SABIC Innovative Plastics.

Hexa Research has segmented the global phenol market based on end-use and region:

Segmentation by end use, 2014 - 2025 (Kilo Tons) (USD Million)
• Bisphenol-A
• Phenolic resins
• Caprolactam
• Others

Segmentation by region, 2014 - 2025 (Kilo Tons) (USD Million)
• North America
    • U.S.
• Europe
   • Russia
• Asia Pacific
   • China
   • India
• Central & South America
   • Brazil
• Middle East & Africa

Key players analyzed
• INEOS Phenol
• Mitsui Chemicals
• Aditya Birla Chemicals
• PTT Phenol
• CEPSA Quimica
• Shell Chemical
• LG Chem
• Honeywell Resins & Chemicals
• Shandong Sheng Quan Chemicals Co. Ltd
• SABIC Innovative Plastics.

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/petrochemicals-market

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 - https://www.hexaresearch.com/