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Molded Plastic Market

Molded Plastic Market Size, Share & Trends Analysis Report By Type (PE, PP, PVC, PET, PS, PU), Application (Packaging, Automotive & Transportation, Construction & Infrastructure, Electronics & Electrical, Pharmaceutical, Agriculture), By Region, And Segment Forecasts, 2023-20

Report ID : 1639 | Published : 2023-03-22 | Pages: 180 | Format: PDF/EXCEL

The Global Molded Plastic Market Size is valued at 486.99 billion in 2022 and is predicted to reach 889.86 billion by the year 2031 at a 7.12% CAGR during the forecast period for 2023-2031.

Non-metallic compounds that are generated synthetically and can be shaped into various shapes for commercial applications are called molded plastics. These can be hardened to the proper consistency and are incredibly versatile, effective, and bendable. These are used to create tiny components with great finesse and intricacy. Due to their high flexibility, tensile strength, impact resistance, moisture resistance, and increased design flexibility, these are used in a broad scope of applications, including those in building and construction, automotive and transportation, consumable and electronics, packaging, and other industries such as medical, stationary, and textiles.

Molded Plastic Market

Molded plastics have countless design options that can be realized by bending, molding, and extrusion. Because they are poor heat- and electricity conductors, they are frequently utilized as insulating materials, cladding panels, and pipes in workplaces, shopping centers, homes, and other construction sites. These are the main drivers of market growth for molded plastics. The packaging industry has expanded due to rising awareness of hygiene-related activities and the widespread usage of molded plastics in creating elaborate and complexly formed plastics.

However, sources including crude oil, naphtha, and natural gas are the main raw materials utilized to make petrochemicals, which are then used to make various molded plastic goods. As a result, the scalability and profitability of molded plastic producers may be directly impacted by their dependence on these extremely variable resources.

Additionally, microplastic particles have been found in food and drinking water in various shapes, sizes, and concentrations. These particles have been linked to several health issues, including eye irritation, vision loss, respiratory problems, dizziness, genotoxicity, and cardiovascular and gastrointestinal issues. These elements limit the market expansion of the molded plastics industry. 

Recent Developments:

  • In October 2022, Evco Plastics proposed a production capacity expansion of USD 11 million in Wisconsin, the United States. The business currently runs 183 injection molding machines.
  • In July 2022, After Austria and Germany, the company's third such plant was anticipated to be the mold shop in India. The Indian mold shop might use cutting-edge technology to provide regional solutions. With this investment, ALPLA's total stake in Pashamylaram, India, might reach USD 61 million. 

Competitive Landscape:

Some the molded plastic market players are:

  • Lyondellbasell Industries Holdings B.V.
  • Sabic
  • Ineos
  • Dupont
  • Exxonmobil
  • Sinopec
  • DOW Inc.
  • BASF SE
  • Eastman Chemical Company
  • Chevron Corporation
  • Formmosa Plastics Corporation
  • Solvay
  • China Plastic Extrusion Ltd.
  • GSH Industries
  • Lanxess AG
  • LG Chem Ltd.
  • Lotte Chemical
  • Proto Labs
  • PSI Molded Plastics
  • Reliance Industries LIMITED
  • Sibur
  • Takween Advanced Industries
  • Versalis S.P.A.
  • Westlake Corporation 

Market Segmentation:

The molded plastic market is segmented based on type, technology and application. The market is segmented based on type: polyethylene, polypropylene, polyvinyl chloride, polyethylene terephthalate, polystyrene, polyurethane, and others. By technology the market is segmented into injection molding, blow molding, extrusion molding, rotating molding and others. The applications segment includes packaging, automotive & transportation, construction & infrastructure, agriculture, pharmaceuticals, electrical & electronics and others.

Based On Type, The Polypropylene Segment Is A Major Contributor To The Molded Plastic Market

The polypropylene category is expected to hold a major share of the global molded plastic market. The packaging and automotive industries typically employ polypropylene-based molded plastics because they are adaptable, secure, and reasonably priced. Molded polyethylene is used in the automotive industry for the dashboard, bottle caps, bumpers, grills, music systems, wire spools, storage containers, one-piece chairs, seat panels, and other items. Compared to other forms of molded plastics, polypropylene plastics are also strong, translucent, have a low coefficient of friction, and offer superior chemical resistance. This reason has accelerated the growth of this market sector worldwide.

The Injection Molding Segment Witnessed Growth At A Rapid Rate

Injection molding was the dominant market category globally and is predicted to expand throughout the forecast period. This is explained by the facts that the most widely operated technology for creating molded plastics is injection molding. Additionally, it uses automated procedures to cut down on waste generation and manufacturing costs. These elements have contributed to the injection molding market segment's expansion in the worldwide molded plastics industry.

The Asia Pacific Molded Plastic Market Holds A Significant Revenue Share

Asia Pacific held the biggest market share and was the market leader. Market penetration in the region is anticipated to be driven by rising infrastructure investments and rising auto demand in nations like China, India, Indonesia, and Malaysia. Due to the cheap labor costs, significant end-use sectors, like electronics and autos, are moving their manufacturing bases to nations like India, China, Indonesia, and Thailand. Additionally, manufacturers in these areas can take advantage of government incentives through tax breaks. Additionally, the molded plastic market is predicted to be dominated by North America.

The region has a thriving manufacturing sector and a significant demand for molded plastic products across various end markets, including the construction, packaging, and automotive sectors. The market for molded plastic is expanding in North America due to the rising need for strong, lightweight materials.

Global Molded Plastic Market Report Scope:

Report Attribute

Specifications

Market size value in 2022

USD 486.99 Bn

Revenue forecast in 2031

USD 889.86 Bn

Growth rate CAGR

CAGR of 7.12% from 2023 to 2031

Quantitative units

Representation of revenue in US$ Million, Volume (KT) and CAGR from 2023 to 2031

Historic Year

2019 to 2022

Forecast Year

2023-2031

Report coverage

The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends

Segments covered

Type, Technology and Application

Regional scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia

Competitive Landscape

Lyondellbasell Industries Holdings B.V.,Sabic, Ineos, Dupont, Exxonmobil, Sinopec, DOW Inc., BASF SE, Eastman Chemical Company, Chevron Corporation, Formmosa Plastics Corporation, Solvay, China Plastic Extrusion Ltd., GSH Industries, Lanxess AG, LG Chem Ltd., Lotte Chemical, Proto Labs, PSI Molded Plastics, Reliance Industries LIMITED, Sibur, Takween Advanced, Industries, Versalis S.P.A., Westlake Corporation

Customization scope

Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape.

Pricing and available payment methods

Explore pricing alternatives that are customized to your particular study requirements.

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Molded Plastic Market Snapshot

Chapter 4. Global Molded Plastic Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Product Type Estimates & Trend Analysis
5.1. by Product Type & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn) & Volume (KT)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Product Type:

5.2.1. Polyethylene
5.2.2. Polypropylene
5.2.3. Polyvinyl Chloride
5.2.4. Polyethylene Terephthalate
5.2.5. Polystyrene
5.2.6. Polyurethane
5.2.7. Others

Chapter 6. Market Segmentation 2: by Technology Estimates & Trend Analysis
6.1. by Technology & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn) & Volume (KT)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Technology:

6.2.1. Injection Molding
6.2.2. Blow Molding
6.2.3. Extrusion Molding
6.2.4. Thermoforming
6.2.5. Rotational Molding
6.2.6. Others

Chapter 7. Market Segmentation 3: by Application Estimates & Trend Analysis
7.1. by Application & Market Share, 2019 & 2031
7.2. Market Size (Value (US$ Mn) & Volume (KT)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Application:

7.2.1. Packaging
7.2.2. Automotive & Transportation
7.2.3. Construction & Infrastructure
7.2.4. Agriculture
7.2.5. Pharmaceuticals
7.2.6. Electrical & Electronics
7.2.7. Others

Chapter 8. Molded Plastic Market Segmentation 4: Regional Estimates & Trend Analysis

8.1. North America

8.1.1. North America Molded Plastic Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Product Type, 2023-2031
8.1.2. North America Molded Plastic Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Technology, 2023-2031
8.1.3. North America Molded Plastic Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Application, 2023-2031
8.1.4. North America Molded Plastic Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2023-2031

8.2. Europe

8.2.1. Europe Molded Plastic Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Product Type, 2023-2031
8.2.2. Europe Molded Plastic Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Technology, 2023-2031
8.2.3. Europe Molded Plastic Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Application, 2023-2031
8.2.4. Europe Molded Plastic Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2023-2031

8.3. Asia Pacific

8.3.1. Asia Pacific Molded Plastic Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Product Type, 2023-2031
8.3.2. Asia Pacific Molded Plastic Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Technology, 2023-2031
8.3.3. Asia-Pacific Molded Plastic Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Application, 2023-2031
8.3.4. Asia Pacific Molded Plastic Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2023-2031

8.4. Latin America

8.4.1. Latin America Molded Plastic Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Product Type, 2023-2031
8.4.2. Latin America Molded Plastic Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Technology, 2023-2031
8.4.3. Latin America Molded Plastic Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Application, 2023-2031
8.4.4. Latin America Molded Plastic Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2023-2031

8.5. Middle East & Africa

8.5.1. Middle East & Africa Molded Plastic Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Product Type, 2023-2031
8.5.2. Middle East & Africa Molded Plastic Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Technology, 2023-2031
8.5.3. Middle East & Africa Molded Plastic Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Application, 2023-2031
8.5.4. Middle East & Africa Molded Plastic Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2023-2031

Chapter 9. Competitive Landscape

9.1. Major Mergers and Acquisitions/Strategic Alliances

9.2. Company Profiles


9.2.1. Lyondellbasell Industries Holdings B.V.
9.2.2. Sabic
9.2.3. Ineos
9.2.4. Dupont
9.2.5. Exxonmobil
9.2.6. Sinopec
9.2.7. DOW Inc.
9.2.8. BASF SE
9.2.9. Eastman Chemical Company
9.2.10. Chevron Corporation
9.2.11. Formmosa Plastics Corporation
9.2.12. Solvay
9.2.13. China Plastic Extrusion Ltd.
9.2.14. GSH Industries
9.2.15. Lanxess AG
9.2.16. LG Chem Ltd.
9.2.17. Lotte Chemical
9.2.18. Proto Labs
9.2.19. PSI Molded Plastics
9.2.20. Reliance Industries LIMITED
9.2.21. Sibur
9.2.22. Takween Advanced Industries
9.2.23. Versalis S.P.A.
9.2.24. Westlake Corporation
9.2.25. Other Prominent Players

Segmentation of Molded Plastic Market-

Molded Plastic Market By Type-

  • Polyethylene
  • Polypropylene
  • Polyvinyl Chloride
  • Polyethylene Terephthalate
  • Polystyrene
  • Polyurethane
  • Others

Molded Plastic Market

Molded Plastic Market By Technology-

  • Injection Molding
  • Blow Molding
  • Extrusion Molding
  • Rotating Molding
  • Others

Molded Plastic Market By Application-

  • Packaging
  • Automotive & Transportation
  • Construction & Infrastructure
  • Agriculture
  • Pharmaceuticals
  • Electrical & Electronics
  • Others

Molded Plastic Market By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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Frequently Asked Questions

How big is the Molded Plastic Market?

Molded Plastic Market expected to grow at a 7.12% CAGR during the forecast period for 2023-2031

Lyondellbasell Industries Holdings B.V.,Sabic, Ineos, Dupont, Exxonmobil, Sinopec, DOW Inc., BASF SE, Eastman Chemical Company, Chevron Corporation, F

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