Press Releases
 
Molded Plastics Market: Emerging Economies Hive of Opportunities for Market Players,TMR

Molded Plastics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

United States, 3 March 2017 -- Transparency Market Research has observed that molded plastic products used for building and construction have been witnessing increased growth and the emerging markets in Asia Pacific are significant contributors to this growth.

In a highly fragmented global molded plastics market, in 2015, the top 10 companies held only 40% of the overall market. Some of these are companies are Chevron Philips Chemical Company LLC, Eastman Chemical Company, SABIC, BASF SE, and LyondellBasell Industries N.V. Top companies in this market have established high brand equity due to a long presence in this market, notes a study by Transparency Market Research. This factor, along with the technical expertise of key companies makes it difficult for new and small companies to compete with them.

“Focus on renewable raw materials to manufacture plastics for packaging industries is one of the key strategies that key players in this market have adopted, says the author of this study. Strengthening global presence by targeting emerging markets with high growth potential has also been adopted to accelerate growth. A case in point is BASF SE. In October 2015, the company established an engineered plastics compounding unit in South Korea and have plans to expand its existing engineered plastics compound capacities in Germany by the end of 2017. The global molded plastics marketwas pegged at US$124.8 bn in 2015 and is expected to be worth US$202.2 bn by 2024 at a CAGR of 5.6% therein. The market is expected to display a CAGR of 4.3% between 2016 and 2024 in terms of volume.


Obtain Report Details @: http://www.transparencymarketresearch.com/molded-plastics-market.html

Declining Crude Oil Prices Positively Influencing Molded Plastics Market

In the present scenario, declining crude oil prices have positively impacted the petrochemical industry. The drop in oil prices has improved the profit margins of several petrochemical companies considerably, says analyst at TMR. Hence, the growth of the petrochemical industry is expected to positively impact the molded plastics market.

The flourishing building and construction sector is also fuelling the growth of the molded plastics market, says TMR. With continued investments from government and private developers for infrastructural development and real estate projects, the construction industry has reached new heights.

On the flip side, environmental hazards associated with the use of molded plastics, economic instability and political unrest in several countries predominantly in the Middle East, and unpredictable demand in the Middle East and Europe are expected to challenge the growth of the molded plastics market during the forecast period.
Make an Enquiry @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=561
The Middle East and Africa to Display Fast Growth in Future

In terms of material type, polypropylene displays the highest demand accounting for its dominance in the molded plastics market. In 2016, the segment held 41% share in the global market. However, polyethylene terephthalate (PET) is expected to display the highest CAGR of 8.6% between 2016 and 2024. On the basis of technology, in 2015, injection molding led the molded plastics market and the technology segment is expected to increase two times by 2024. Blow molding, on the other hand, is evolving rapidly with an impressive growth rate.

In terms of application, packaging is expected to be leading consumer of molded plastics until the end of the forecast period in 2024. Packaging is expected to generate the highest revenue until 2024. The construction sector contributes a significant revenue to the overall molded plastics market. Geography-wise, while currently, Asia Pacific contributes the highest revenue to the global market, the Middle East and Africa is expected to display growth at a fast pace.

The global molded plastics market is segmented as follows:
Molded Plastics Market, by Material
• Polypropylene
• Polyethylene
• Polyvinyl Chloride
• Polystyrene
• Polyethylene Terephthalate (PET)
• Others

Molded Plastics Market: By Technology
• Injection Molding
• Blow Molding
• Thermoforming
• Others

Molded Plastics Market: By Application
• Packaging
• Consumable & Electronics
• Automotive & Transportation
• Building & Construction
• Other Applications

# # #


Media Contacts:
Contact Us:-
Transparency Market Research

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email:


Website: http://www.transparencymarketresearch.com/

Visit Blog: http://globalresearchmarket.blogspot.in/

Footnotes:
This review of the market is based on a recent market research report published by Transparency Market Research, titled “Molded Plastics Market - GCC Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.”

Document Attached Image Attached Download file at: http://www.transparencymarketresearch.com/molded-plastics-market.html
(Right click and save file to download.)

Submitted by TMRPARESH, Transparency Market Research on Friday, 3 March 2017 at 2:18 PM
Category: Architecture & Construction
 
Related News

Where to find the very best KingsBottle review in online
Saturday, 25 Mar 2017

Technological Advancements for 3d Printing and Drone Supervision Are Expected Boost the EPCM Market
Friday, 24 Mar 2017

Oswego County Land Bank Appoints Kim Park of Wolcott NY as Executive Director
Friday, 24 Mar 2017

Roman Blinds Bring An Elegant,Contemporary Feel To Your Home Or Office Decor
Thursday, 23 Mar 2017

Plasticizers Market: Production Volume to Reach 12,109.0 Kilo Tons by 2024, TMR
Wednesday, 22 Mar 2017

Related Events

Digitally Built: Digitising construction across the whole chain
Thursday, 20 Apr 2017

Advancing Building Estimation 2017
Monday, 22 May 2017

INDEX Design Series 2017
Monday, 22 May 2017

Latest News

Tips To Select Best Plumbing Organization in Whitstable
Monday, 27 Mar 2017

Cost Effective Garage Door Repair Services
Monday, 27 Mar 2017

Looking For Platen Collection – Vinyl LP Is Your Destination
Monday, 27 Mar 2017

What Will be the Various Types of Aerial Photography?
Sunday, 26 Mar 2017

Men's Style Blazers
Sunday, 26 Mar 2017

 
Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2017
Today is Monday, 27 March 2017

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Business
Consumer Technology
Economy
Education
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
Legal/Law
News & Media
Religion
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!


Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.


  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.


    Resources
  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • LUPUS 2017 and ACA: Int. Congress on SLE and Asian Congress on Autoimmunity
  • 6th Drug Formulation, Solubility and Bioavailability Summit
  • Interim Analysis Symposium
  • 11th Annual Primary Care Spring Conference Session I or II
  • 8th Global Drug Delivery and Formulation Summit

  • Latest Jobs
  • London Investment Property
  • We Are Hiring A Content Manager!