DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "World Molded Plastics Market - Opportunities and Forecasts, 2014 - 2022" report to their offering.
Molded plastics are the plastics which can be molded depending on its applications. These molded plastics can be modified by adding pigments to its polymers. Molded plastics have a wide range of application in packaging, construction, industrial machinery and automobiles. Molded plastics have cost competitive techniques that yield efficient products and enhance the durability of the products.
The factors that are driving the growth of the molded plastics are increased practice of plastics in the household care products, rapid growth of plastic components in mobile phone and raised consumption of plastics in automotives. However, fluctuating prices of crude oil and government regulations regarding environmental concerns are hampering the growth of the market. Increasing practice of plastics pipes in constructing gas and new oil transmission lines is creating opportunities for the growth of the market.
Molded plastics product market is segmented into molded polyvinyl chloride, molded polypropylene, molded polystyrene, molded polyethylene and others (abs, pu, etc). Molded polyethylene is the largest revenue generating segment due to its wide range of applications in automotive industry. In automotive industry, molded polyethylene is used in creating automotive dashboard, bottle caps, some musical instrument, wire spools, storage containers, one-piece chairs, mechanical parts, etc.
Molded plastics application market is segmented into building & construction, automotive & transportation, consumable & electronics, packaging and others (stationery, clothing, etc). Automotive & transportation is the largest revenue generating segment due to increasing adoption of molded plastics in automotive & transportation sector.
Geographically, Market is segmented into North America, Europe, Asia Pacific and LAMEA. Asia Pacific followed by North America is the largest revenue-generating segment due to its increasing adoption of molded plastics in the automotive industry. Asia Pacific possesses nearly half of the market share in the molded plastics manufacturers market.
- Huntsman International LLC
- Eastman Chemical Company
- Chevron Philips Chemical Company
- Reliance Industries Limited
- INEOS Group AG
LyondellBasell Industries NV
For more information visit http://www.researchandmarkets.com/research/kv8n3m/world_molded