PORTLAND, OR, USA, September 15, 2023 /EINPresswire.com/ — According to a new report titled “Molded Plastics Market” released by Allied Market Research, the Molded Plastics Market is estimated to be Valued at US$573.3 billion, it is expected to reach US$869.2 billion by 2031, with a compound annual growth rate of 4.3% from 2022 to 2031.
The global molded plastics market is expected to have high growth potential in the coming years as molded plastics are used in different applications such as construction, automotive components, electrical components and insulation materials, packaging, etc. Properties such as excellent chemical stability, high strength and corrosion resistance make molded plastics best suited for electrical insulation applications. Additionally, plastic materials used in the manufacture of bobbins, bottle caps, and other industrial components are manufactured using molded plastics as they produce plastic materials in various shapes and sizes. However, the outbreak of COVID-19 pandemic has negatively impacted the global molded plastics market.
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Molded plastics are synthetic compounds that can be molded into a variety of shapes depending on the application. These molding plastics can be modified by adding pigments to the polymer. They are used in various end-use sectors such as construction, automotive and transportation, marine, industrial, aerospace, electrical and electronics, etc.
Increased investment in construction infrastructure in countries such as the United States, China, Japan, Mexico, and India has led to significant growth in the construction industry, where molded plastics are used as insulation in floors, wall coverings, and roofs. Furthermore, sustainable economic growth coupled with increased demand for consumer goods has led to significant increase in demand from the automotive and transportation industries, with molded plastics being widely used in automotive dashboards, bumpers, grilles, bottle caps, music systems, spools.
Key benefits for stakeholders:
This report provides a quantitative analysis of the segments, current trends, estimates, and dynamics of the Molded Plastics market analysis from 2021 to 2031 to identify the current Molded Plastics market opportunities.
Market research is provided along with information related to key drivers, constraints, and opportunities.
Porter’s Five Forces analysis highlights the potential of buyers and suppliers, enabling stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer networks.
An in-depth analysis of the Molded Plastics market segments helps in identifying current market opportunities.
Key countries in each region are mapped based on their revenue contribution to the global market.
Market player positioning helps with benchmarking and provides a clear understanding of the current position of market players.
The report includes an analysis of regional as well as global Molded Plastics market trends, key players, segments, application areas, and market growth strategies.
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Key market trends:
Sustainability and Recycling: As environmental concerns intensify, there is an increasing focus on sustainable plastic materials and recycling initiatives. Manufacturers are increasingly using recycled plastics and developing biodegradable alternatives to address these issues.
Advanced Materials: Technological advances have led to the development of high-performance plastic materials that provide greater strength, heat resistance and chemical resistance. These materials are in high demand in industries such as aerospace, automotive and healthcare.
Growth in Automotive Industry: The automotive industry is a major consumer of molded plastics, using it for interior components, exterior components, and under-the-hood applications. The shift towards electric vehicles and lightweighting strategies has further increased the demand for molded plastics.
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Major key players in the Molding Compounds Market:
atlantis plastics
China Plastic Extrusion Co., Ltd.
dupont
eastman chemical company
GSH Industries
Mitsubishi Chemical Corporation
Mitsui Chemicals Co., Ltd.
Petroleum Packaging Company
PEXCO LIMITED.
PSI molded plastic
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Injection Molded Plastic Market: https://www.alliedmarketresearch.com/injection-molded- Plastic-market
Engineering Plastics Market: https://www.alliedmarketresearch.com/engineering- Plastics-market
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Frequently asked questions:
Q1. What are the future trends of the global molded plastics market?
Answer: Today, molded plastics are used in the automotive industry and molded polyethylene is used in car dashboards, bumpers, grilles, bottle caps, music systems, spools, storage containers, one-piece chairs, seat panels, mechanical parts, and other components.
Q1. What are the future trends of the global molded plastics market?
Answer: Today, molded plastics are used in the automotive industry and molded polyethylene is used in car dashboards, bumpers, grilles, bottle caps, music systems, spools, storage containers, one-piece chairs, seat panels, mechanical parts, and other components.
Q3. Which is the largest regional market for molded plastics?
Answer: The Asia-Pacific molded plastics market size is expected to grow at the highest compound annual growth rate of 4.3% during the forecast period, and will account for 47.4% of the molded plastics market share by 2021.
about Us:
Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP, headquartered in Portland, Oregon. Allied Market Research provides unmatched quality “Market Research Reports” and “Business Intelligence Solutions” to global enterprises as well as small and medium enterprises. AMR provides targeted business insights and consulting to help clients make strategic business decisions and achieve sustainable growth in their respective market sectors.
David Correa
Allied Analytics LLP
+18007925285
Email us here
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