DUBLIN--(BUSINESS WIRE)--The "Molded Plastics Market by Type (PE,PP, PVC, PET, PS, PU), Application (Packaging, Automotive & Transportation, Construction & Infrastructure, Electronics & Electrical, Pharmaceutical, Agriculture), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The molded plastics market is estimated to be USD 352.21 billion in 2018 and is projected to reach USD 475.86 billion by 2023, at a CAGR of 6.2% from 2018 to 2023
Increasing urbanization, along with the growing population and new construction activities is expected to fuel the growth of the construction industry, which, in turn, is expected to drive the molded plastics market. However, fluctuations in raw material prices are hampering the growth of the molded plastics market. In addition, the current levels of usage have led to huge waste disposal resulting in several environmental problems. When disposed, plastic products release harmful chemicals in the form of pollutants.
Among types, the polyurethane segment of the molded plastics market is projected to grow at the highest CAGR during the forecast period. The high demand for polyurethane molded plastics in automotive and construction industries is expected to drive the demand for molded plastics.
The Asia Pacific molded plastics market is projected to grow at the highest CAGR from 2018 to 2023. This high growth of the Asia Pacific molded plastics market can be attributed to the increased use of molded plastics in the packaging, automotive & transportation, and construction & infrastructure applications.
Moreover, the presence of key manufacturers of molded plastics in the region, coupled with the increased demand for molded plastics for various applications is expected to fuel the growth of the Asia Pacific molded plastics market during the forecast period.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Molded Plastics Market, By Technology
7 Molded Plastics Market, By Type
8 Molded Plastics Market, By Application
9 Molded Plastics Market, By Region
10 Competitive Landscape
11 Company Profiles
- Lyondellbasell Industries Holdings B.V.
- China Petroleum Corporation
- Eastman Chemical Company
- Formosa Plastics Group (FPG)
- Chevron Corporation
- BASF SE
- Hanwha Group
- Reliance Industries
- Westlake Chemical
- Haldia Petrochemicals
- AGC Chemicals
- LG Chem
- Chemours Company
- Lotte Chemical
- ONGC Petro Additions
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