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[Exclusive 200 Pages Report] : The global molded plastics market size was US$ 571.3 billion in 2021. The global molded plastics market is expected to grow to US$ 801.2 billion by 2030 by registering a compound annual growth rate (CAGR) of 4.9% during the study period from 2022 to 2030.

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Non-metallic compounds that are generated synthetically and can be shaped into a variety of shapes for commercial application 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 a great deal of finesse and intricacy. They are considered ideal for a variety of applications in building and construction, automotive and transportation, consumables and electronics, and packaging due to their high ductility, tensile strength, impact resistance, and moisture resistance.

The rising knowledge about hygiene-related activities will primarily drive the growth of the global molded plastics market during the analysis period. Additionally, the growing building & construction sector in the U.S., China, India, and others, will present potential prospects for the growth of the molded plastics market during the analysis period. It is majorly attributable to the increased demand for commercial space such as offices, hotels, malls, industrial corridors, etc. According to a study published by Invest India 2021, the government of India set a budget of $1.4 trillion for infrastructure development, in which 16% of the amount will be spent on the development of urban infrastructure.

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.

On the flip side, the growing trend of bioplastics and their low prices may limit the demand for molded plastics during the analysis period.

The COVID-19 pandemic has negatively affected the molded plastics market as the various end-use sectors of molded plastics recorded a sharp loss in terms of revenue. The automotive, consumer electronics, building and construction, and various other sectors registered a steep fall in the growth graph, which ultimately restricted the demand for molded plastics.

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The Asia-Pacific molded plastics market is expected to record potential growth due to the rapidly growing building & construction industry, combined with the rising demand for consumer electronics. Additionally, nations like India and Australia have seen a sharp rise in the automotive industries, where molded plastics are frequently used to make components for cars such as fascia, bumpers, grilles, headlight pods, panels, fenders, and wheel wells as well as table components, air flow ducts, equipment, exterior fascia & decorative panels, and other items.

Atlantis Plastics, Inc. China Plastic Extrusion Ltd. EASTMAN CHEMICAL COMPANY DuPont GSH Industries Mitsubishi Chemical Corporation Mitsui Chemicals Inc Petro Packaging Company, Inc Pexco LLC PSI Molded Plastics Other Prominent Players

The global molded plastics market segmentation focuses on Product, Technology, Application, and Region.

By Product Polyethylene Terephthalate Engineering Plastics Polyvinyl Chloride Polypropylene Polystyrene Low-Density Polyethylene High-Density Polyethylene

By Technology Injection Molding Blow Molding Extrusion Others

By Application Building and Construction Automotive Electrical and Electronics Packaging Others

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By Region North America The U.S. Canada Mexico Europe Western Europe The UK Germany France Italy Spain Rest of Western Europe Eastern Europe Poland Russia Rest of Eastern Europe Asia Pacific China India Japan Australia & New Zealand ASEAN Rest of Asia Pacific Middle East & Africa (MEA) UAE Saudi Arabia South Africa Rest of MEA South America Brazil Argentina Rest of South America

Key questions answered in the global market report are:

— How does a global company acquire markets? — What are its core strategies and policies? — What factors will influence the chemical market over the forecast period? — What are the factors driving and restraining the market? — What are the leading competitors in the global market? — Which region is growing at a higher pace in the global market?

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