Injection Molded Plastics (IMP) Market 2021-2027
Global Injection Molded Plastics (IMP) Market Size, Share &Trends Analysis Report By Raw Material (Polypropylene, ABS, HDPE, Polystyrene and Others) By Application (Automobile, Consumer Goods &Electronics, Packaging, Building &Construction, Healthcare, and Others) Forecast, 2021-2027
The global injection molded plastics market is anticipated to grow at a substantial CAGR of 4.5% during the forecast period. The global IMP market is majorly driven by the factor such as rising demand for plastics components from the verticals which include, automotive, packaging, consumer goods &electronics, building &construction, healthcare, among others. The demand for IMP in the packaging segment is projected to grow more during the forecast period owing to the rising food &beverages and industrial and consumer packaging industries. Moreover, the high cost associated with the raw materials of ethylene, propylene, and others, and the growing environmental concern use of these polymers which are not easily disposable are hampering the growth of the market. Furthermore, the development of IMP with bio-degradable materials may be expected to offer lucrative opportunities.
The global injection molded plastics market is segmented based on raw material, and application. Based on raw material, the market is classified into polypropylene, acrylonitrile butadiene styrene (ABS), polystyrene, high-density polyethylene (HDPE), and others. Among these, the polypropylene segment is expected to be the leading segment owing to the various properties such as molding nature, heat resistance, low cost, among others possessed by it. Whereas, based on application, the market is segregated into the automobile, consumer goods &electronics, packaging, building &construction, healthcare, and others. Among these, the packaging segment is anticipated to account for the largest share in the market during the forecast period.
Geographically market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific is the fastest-growing region during the forecast period. The adoption of IMP by various industries in the Asia-Pacific region is the major factor driving the growth of the market. Furthermore, the rise in population and expansion of automobile and electronic industries in the major economies such as China, India, and others are also the factors propelling the market growth. Besides, North America is projected to contribute highly to the market during the forecast period owing to the increase in government initiatives in the form of rebates to manufacturers of IMP. Whereas Europe is also likely to grow with a significant growth rate in the market during the forecast period. increasing demand for consumer electronics and the use of IMP in cosmetics industries are the factors boosting the demand for IMP, hence accelerating the market growth. The key players of the market include BASF SE, Dow Chemical Co., Huntsman Corp, Eastman Chemical Co., INEOS Group, DuPont de Nemours, Inc., among others.
The market study of the global injection molded plastics market is incorporated by extensive primary and secondary research conducted by the research team at OMR Secondary research has been conducted to refine the available data to break down the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
Financial reports of companies involved in the market
Whitepapers, research papers, and news blogs
Company websites and their product catalog
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Global Injection molded plastics Market Research and Analysis by Raw Material
Global Injection molded plastics Market Research and Analysis by Application
The Report Covers
Comprehensive research methodology of the global injection molded plastics market
This report also includes a detailed and extensive market overview with key analyst insights
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations
Analysis of regional regulations and other government policies impacting the global injection molded plastics market
Insights about market determinants that are stimulating the global injection molded plastics market
Detailed and extensive market segments with the regional distribution of forecasted revenues
Extensive profiles and recent developments of market players