The global molded plastic market was valued at US$ 127113.51 million in 2016, according to Global Molded Plastic Market Report by Product type (Polyvinyl chloride, Polypropylene, Polystyrene, Low density polyethylene, High density polyethylene, Polyethylene Terephthalate, and Engineering Plastic) By Technology Type (Injection molding, Blow molding, Compression molding, Rotational molding, and Others) By End-use industry (Building and Construction, Electrical and Electronics, Automotive, Packaging, and Others) published by Coherent Market Insights. The Molded plastic market is expected to register a CAGR of 6.1% over the forecast period (2017-2025) to reach US$ 217566 Million by 2025.
The increase adoption of light weight plastics in various industries is the major factor propelling the growth of molded plastics market. Moreover, the growth in the pharmaceutical industry has further surged the demand for molded plastics due to the increased use in packaging of liquid drugs and medical devices.
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Browse 150 market data tables* and 90 figures* on "Molded Plastic Market” - Global forecast to 2025.
Key Trends and Analysis of Molded Plastic Market:
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Eastman Chemical Company, SABIC, Huntsman Corporation, LyondellBasell Industries N.V, INEOS Group AG, Chevron Phillips Chemical Company LLC, Reliance Industries Limited, Obeikan Investment Group (OIG), Takween Advanced Industries and BASF SE are some of the major players operating in the Global molded plastics market.
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