The global injection molded plastics market, during the forecast period 2016 to 2023, will register growth at a CAGR of 5.59%. The market for injection molded plastics is set to reach US$341.72 billion by 2023. As per market analysts, the global market is anticipated to witness growth owing to the factors such as growing applications in the packaging sector as well as the high demand for injection-molded plastics. However, the injection molded plastics market will face challenges and restraints due to fluctuating raw material prices and strong capital spending during the forecast period 2016 to 2023.
Consumer growth in end-use industries including automobile and healthcare in the injection molded plastics market is set to play a key role in determining the growth potential during 2016 to 2023years. Analysts have also studied the market to understand potential threats and challenges the market companies could face. Although the market is poised to grow at a fast pace across raw material type and application segments, factors such as costly mold redesign could slow down the market's growth worldwide.
The injection molded plastics market has been segmented into raw material type and application . Based on the segment which is raw material type, the market is categorized on the basis of Polypropylene, ABS, ASA, HDPE, LDPE, LLDPE, PEEK, PET, Polycarbonate, Polystyrene, Polyurethane Thermoplastics, SAN, and others. The global injection molded plastics market is further segmented based on application into packaging, automotive & transportation, building & construction, consumable & electronics, medical, and others.
The global injection molded plastics market research report covers all the aspects of the market based on the segmental analysis of these raw material type and application segments. Analysts have also studied the global market's regional markets spread across many continents and countries. The raw material type and application segments along with their sub-segments have been analyzed and companies functioning in the market across these segments are profiled and analyzed based on input and feedback from market based decision makers as well as primary and secondary sources. The injection molded plastics market research report presents analysis based information for companies functioning in the market.
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Increasing environmental issues about disposal may hinder the injection molded plastics market growth. The market research report suggests that companies in the market could be supported by high resistance to abrasion & chemicals as well as economic viability during the forecast period. The injection molded plastics market is set to register growth at a high CAGR owing to these key factors. The market is spread across North America, Europe, Asia-Pacific, and other parts of the world. The global market research report reveals that APAC, North America, and Europe regional markets will dominate the global injection molded plastics market for injection molded plastics during the forecast period 2016 to 2023. As per market analysts, the market is set to witness tremendous growth across packaging, healthcare, and consumer electronic segments in Germany, APAC, and particularly North America which covers markets across the United States, Canada, Mexico and several other regional markets. Companies active in the market are also analyzed and studied in the market research report.
The injection molded plastics market for Europe covers smaller market segments of Germany, Italy, France, and the United Kingdom. Additionally, the market research report covers the Asia-Pacific region covering markets from India, China, Japan, Australia, and others. The market is also spread across the rest of the world. The market report covers all such regions including the Middle East, Africa, Brazil, and others.
Injection molded plastics has seen increased demand over the years, due to the increasing preference of medical device manufacturers for biodegradable polymers and tight regulatory scenarios. Companies functioning in the global injection molded plastics market are also being challenged due to high turnaround time and the fluctuating prices of crude oil. Mergers and acquisitions by market companies are anticipated to help the market during the forecast period 2016 to 2023. As the market is set to register a high CAGR of 5.59% and is also anticipated to reach a US$341.72 billion by 2023, the report highlights key areas companies need to focus on. The report suggests that the injection molded plastics market will see a healthy growth in the long run till 2023. Based on SWOT analysis and market’s analysis based on Porters’ Five Force Model presented in the market report. Mergers and acquisitions by market companies are anticipated to help the market during the forecast period 2016 to 2023.
The acquisition of Phillips-Moldex Co. (Putnam, CT), an accredited plastic moulding has recently been announced. In the aerospace, medical, manufacturing and electronic sectors Phillips- Moldex works. Phillips-Moldex was founded in 1958. The 22 injection moulding presses range between 20 tonnes and 250 tonnes are operational 24 hours a day, 5 days a week. It also has an in-house experience in tool construction, robotics and technology. The acquisition would help Plastic Molding Production achieve the task of returning to the United States attractive manufacturing jobs.
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