Global Injection Molded Plastics Market Report Size, Trends & Growth Opportunity, By Raw Material (Polypropylene (PP), Acrylonitrile Butadiene Styrene (ABS), High-Density Polyethylene (HDPE), Polystyrene (PS), Others), By Application (Packaging, Consumables & Electronics, Automotive & Transportation, Building & Construction, Medical, Others) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East & South Africa) and Forecast Till 2030.
Report ID : IR1002418 | Industries : Healthcare | Published On :June 2024 | Page Count : 201
Global Injection Molded Plastics Market Report Size, Trends & Growth Opportunity, By Raw Material (Polypropylene (PP), Acrylonitrile Butadiene Styrene (ABS), High-Density Polyethylene (HDPE), Polystyrene (PS), Others), By Application (Packaging, Consumables & Electronics, Automotive & Transportation, Building & Construction, Medical, Others) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East & South Africa) and Forecast Till 2030.
Global Injection Molded Plastics Market
The Global Injection Molded Plastics Market is anticipated to grow from an estimated value of USD 304 billion in 2022 to USD 424 billion by 2030, expanding at a CAGR of 3.62 % from 2023 to 2030.
Injection moulded plastics are employed in the creation of complex and elaborate shaped parts with minimal waste. Due to these advantages, injection-molded plastics are used to make interior furnishings, automobile parts, and various assembly components. It is also utilised in packaging applications to make packaging elements and components in order to improve the aesthetics and customer friendliness of packaging items. Because of the injection moulded plastic parts' strength, durability, and look, injection moulded plastics are frequently used in building and construction. These plastic parts or components are commonly used in building and construction for plumbing systems, insulation, wall board, and roofing.
Market Drivers
Due to their inability to react with food and subsequent ability to keep food safe, injection-molded plastics are frequently used in packaging applications, notably food packaging. Caps, closures, containers, bottles, and other similar items are the most prevalent uses for them. The packing of an injection-molded plastic container is clear and leak-proof, keeping food fresh for a long period. Because these polymers are also reusable, washable, and microwaveable, they are in high demand.
Furthermore, as new packaging enters the market that is eco-friendly and 100% recyclable, the latest advances in injection-molded technologies are projected to have a favourable impact on the injection moulded plastics market growth. Furthermore, several government agencies are encouraging recyclable packaging because it reduces carbon impact, which is projected to drive the market.
Market Restraints
The presence of competing technologies and the high cost of the injection moulding process will limit market expansion. Blow moulding, polymer casting, extrusion, and 3D printing are some of the common alternative procedures used to manufacture plastic products. Blow moulding involves blowing a hot plastic tube into a mould until it forms into the desired shape. The technology uses significantly less pressure than injection moulding, resulting in lower production costs. It is often used to mass-produce hollow plastic objects. In the manufacture of bottles, toys, vehicle parts, packaging pieces, and packaging solutions, the process is frequently utilised. 3D printing of plastic parts is a popular manufacturing technology right now.
Market Segmentation
The Global Injection Molded Plastics Market is segmented into Raw Material (Polypropylene (PP), Acrylonitrile Butadiene Styrene (ABS), High-Density Polyethylene (HDPE), Polystyrene (PS), Others), Application (Packaging, Consumables & Electronics, Automotive & Transportation, Building & Construction, Medical, Others) and Region (North America, Europe, Asia Pacific, Latin America, Middle East & South Africa).
Regional Analysis
Due to increased demand for injection moulded plastics in the packaging and automotive industries, Asia Pacific is expected to remain a prominent region in the market over the anticipated projection period. Because of its growing population and rapid urbanisation, China is a key customer and will have a substantial impact on the regional market's growth. Furthermore, the increasing economic expansion in Asia Pacific, as well as customer preferences for efficient and smart structures, have prompted manufacturers to produce high-performance goods in the building and construction business.
North American demand for injection moulded plastics is predicted to expand due to an increase in demand from the region's packaging and electronics industries. For example, modern computer chips are still manufactured in the United States and have uses in a variety of fields such as medical devices, military equipment, communication technology, and others. There is also a significant manufacturer base in this region, thus the market is likely to rise steadily in the near future.
Key Players
The Key Players in the Global Injection Molded Plastics Market are ExxonMosbil Corp., BASF SE, Eastman Chemical Company, INEOS Group, DuPont de Nemours, Inc., Dow, SABIC, HTI Plastics Inc., Rutland Plastics, Inc, and Huntsman International LLC.
Raw Material
• Polypropylene (PP)
• Acrylonitrile Butadiene Styrene (ABS)
• High-Density Polyethylene (HDPE)
• Polystyrene (PS)
• Others
Application
• Packaging
• Consumables & Electronics
• Automotive & Transportation
• Building & Construction
• Medical
• Others
Regional Outlook
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and South Africa
Global Injection Molded Plastics Market
1 Introduction
1.1 Objective the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Injection Molded Plastics Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Injection Molded Plastics Market, By Raw Material
5.1 Y-o-Y Growth Comparison, By Raw Material
5.2 Global Injection Molded Plastics Market Share Analysis, By Raw Material
5.3 Global Injection Molded Plastics Market Size and Forecast, By Raw Material
5.3.1. Polypropylene (PP)
5.3.2. Acrylonitrile Butadiene Styrene (ABS)
5.3.3. High-Density Polyethylene (HDPE)
5.3.4. Polystyrene (PS)
5.3.5 Others
6 Global Injection Molded Plastics Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Injection Molded Plastics Market Share Analysis, By Application
6.3 Injection Molded Plastics Market Size and Forecast, By Application
6.3.1 Packaging
6.3.2 Consumables & Electronics
6.3.3 Automotive & Transportation
6.3.4 Building & Construction
6.3.5 Medical
6.3.6 Others
7 Global Injection Molded Plastics Market, By Region
7.1 Global Injection Molded Plastics Market Share Analysis, By Region
7.2 Global Injection Molded Plastics Market Size and Forecast, By Region
8 North America Injection Molded Plastics Market Analysis and Forecast (2023-2030)
8.1 Introduction
8.2 North America Injection Molded Plastics Market Size and Forecast, By Raw Material
8.3 North America Injection Molded Plastics Market Size and Forecast, By Application
8.4 North America Injection Molded Plastics Market Size and Forecast, By Country
8.4.1 U.S.
8.4.2 Canada
8.4.3 Mexico
9 Europe Injection Molded Plastics Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 Europe Injection Molded Plastics Market Share Analysis, By Raw Material
9.3 Europe Injection Molded Plastics Market Size and Forecast, By Application
9.4 Europe Injection Molded Plastics Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4 Rest of Europe
10 Asia Pacific Injection Molded Plastics Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Asia Pacific Injection Molded Plastics Market Share Analysis, By Raw Material
10.3 Asia Pacific Injection Molded Plastics Market Size and Forecast, By Application
10.4 Asia Pacific Injection Molded Plastics Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11 Latin America Injection Molded Plastics Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Latin America Injection Molded Plastics Market Share Analysis, By Raw Material
11.3 Latin America Injection Molded Plastics Market Size and Forecast, By Application
11.4 Latin America Injection Molded Plastics Market Size and Forecast, By Country
11.4.1. Brazil
11.4.2. Rest of Latin America
12 Middle East Injection Molded Plastics Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Middle East Injection Molded Plastics Market Share Analysis, By Raw Material
12.3 Middle East Injection Molded Plastics Market Size and Forecast, Application
12.4 Middle East Injection Molded Plastics Market Size and Forecast, By Country
12.4.1. Saudi Arabia
12.4.2. UAE
12.4.3. Egypt
12.4.4. Kuwait
12.4.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 ExxonMobil Corp.
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2. BASF SE
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3. Eastman Chemical Company
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 INEOS Group
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 DuPont de Nemours, Inc.
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Dow
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 SABIC
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 HTI Plastics Inc.
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Rutland Plastics, Inc
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Huntsman International LLC
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies