Injection molded plastics are used in the production of complex and intricate-shaped parts to ensure precision and minimize wastage. Hence, injection molded plastics are used in manufacturing automotive components, interior wrapping, and numerous assembly parts. It is chiefly used in packaging applications to manufacture packaging parts and components to increase the aesthetic value and consumer friendliness of the packaging products. Popularity of injection molded plastics in building and construction applications is increasing, owing to their strength, durability, and texture of the injection molded plastic parts. In building and construction, these plastic parts or components are mainly used for piping systems, insulations, wall boards, and roofing purposes among others. Healthcare industry is anticipated to be the fastest growing application segment for injection molded plastic industry during the forecast period. Moreover, blood sample analysis cuvettes, pregnancy test devices, housings for needles, medical devices components are the other application areas of these plastics, owing to their light weight, cost-effectiveness, and easy sterilizability.
Injection molded plastics are used in automated processes to reduce the manufacturing cost. It also reduces the waste production in production process. Factors such as low production waste and faster production process would augment the growth of the injection molded plastic market. In addition, the process has ability to use different types of raw materials simultaneously to manufacture plastic parts. Furthermore, technological advancements in injection molding process, where robots are deployed for performing different operations, such as finishing and assembling injection molded parts and loading components into the injection molding, would foster the growth of the market. Therefore, the world injection molded plastic market is estimated to garner $162.06 billion by 2020, registering a CAGR of 4.9% during 2014–2020. However, high initial tooling cost and volatile prices of crude oil would hamper the growth of the market.
The world injection molded plastic market is segmented based on the type of raw material, end-user industry and geography. Based on raw materials, the market is segmented into polypropylene, high density polyethylene (HDPE), polystyrene, and acrylonitrile butadiene styrene among others. Among these, polypropylene is the most preferred raw material, which is used in injection molded plastics, owing to its ease of molding, electrical insulating properties, heat resistance, and low cost. In 2014, polypropylene accounted for about 39% share of the world injection molded plastic market. Furthermore, on the basis of end-users, the market is segmented into packaging, automotive, consumer goods & electronics, building & construction, and medical disposal. In 2014, packaging was the leading application segment for injection molding, accounting for around 37% of the overall market share. The growing demand for rigid packaging material in industrial and consumer packaging applications would foster the demand for injection molded plastics in the packaging industry.
The world injection molded plastic market is segmented on the basis of regions, which include North America, Europe, Asia-Pacific, and LAMEA. In 2014, North America was the leading market for injection molded plastic, accounting for around 35% of the global market share. Asia-Pacific and LAMEA have witnessed large-scale demand for injection molded plastic on account of its growing demand in building & construction sector, consumer appliances, and automotive industries. Hence, Asia-Pacific is expected to grow at a CAGR of 6.8% during 2014–2020.
The companies operating in this market have adopted various marketing strategies, such as new product launch, expansion, joint venture, and acquisition, to sustain the stiff competition in the market. This report provides a comprehensive analysis of the leading companies and highlights the lucrative opportunities in the market. Product launch is the key strategy adopted by the leading players in the injection molded plastic market. The key companies profiled in this report are BASF SE, Exxon Mobil, E. I. du Pont de Nemours and Company, Dow Chemical Company, Huntsman Corporation, LyondellBasell Industries N.V., Eastman Chemical Company, SABIC, China National Petroleum Corporation (CNPC), and INEOS Ineos Group Limited.
- This report provides a detailed analysis of the factors that drive and restrict the growth of the world injection molded plastic market.
- The projections in the report are based on the analyses of the current market trends and future market potential for the period of 2014–2020 in terms of value and volume.
- SWOT analyses of market players highlight the internal environment of leading companies for effective strategy formulation.
- This report provides the quantitative analysis of the current market and estimations during the period of 2014-2020 to identify the latent market opportunities.
- This report provides an exhaustive analysis of the application market with respect to the raw material type to understand the trend of preferred raw materials used in each application segment.
- A comprehensive analysis of all geographic regions have been provided to determine the prevailing opportunities present in these regions.
INJECTION MOLDED PLASTIC MARKET KEY SEGMENTS:
World Injection Molded Plastic market is segmented as follows:
By Raw Materials
- High Density Polyethylene (HDPE)
- Acrylonitrile Butadiene Styrene (ABS)
By End User
- Consumer Goods & Electronics
- Building & Construction
- Medical Disposal
- North America
- United States
1.1 Report description
1.2 Key benefits
1.3 Key market segments
1.4 Research methodology
1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models
Chapter 2 EXECUTIVE SUMMARY
2.1 CXO perspective
2.2 Market beyond: what to expect by 2025
2.2.1 Moderate growth scenario
2.2.2 Rapid growth scenario
2.2.3 Diminishing growth scenario
Chapter 3 MARKET OVERVIEW
3.1 Market definition and scope
3.2 Key findings
3.2.1 Top factors impacting world injection molded plastic market
3.2.2 Top investment pockets of world injection molded plastic market
3.2.3 Top winning strategy of world injection molded plastic market
3.3 Porters five force analysis
3.3.1 Low bargaining power of the supplier
3.3.2 High bargaining power of the buyer
3.3.3 Threat of substitute
3.3.4 Competitive rivalry
3.3.5 Threat of new entrants
3.4 Value chain analysis
3.5.1 Wide range of applications
3.5.2 Low labor cost
3.5.3 Facilitate fast production
3.5.4 Material flexibility
3.5.5 Low waste production
3.6.1 High initial tooling cost
3.6.2 Volatile raw material prices
3.6.3 Bubble formation on finished parts
3.6.4 Restriction in part design
3.7.1 Rising use in end use applications
3.7.2 Robotics in injection molding
Chapter 4 WORLD INJECTION MOLDED PLASTIC MARKET, BY TYPE
4.1.1 Key market trends
4.1.2 Key market growth factors and opportunities
4.1.3 Market size and forecast
4.2 Acrylonitrile-butadiene-styrene (ABS)
4.2.1 Key market trends
4.2.2 Key market growth factors and opportunities
4.2.3 Market size and forecast
4.3.1 Key market trends
4.3.2 Key market growth factors and opportunities
4.3.3 Market size and forecast
4.4 High density polyethylene (HDPE)
4.4.1 Key market trends
4.4.2 Key market growth factors and opportunities
4.4.3 Market size and forecast
4.5 Others (Polyamide and Polyvinyl chloride)
22.214.171.124 Key market trends
126.96.36.199 Key market growth factors and opportunities
4.5.2 Polyvinyl Chloride
188.8.131.52 Key market trends
184.108.40.206 Key market growth factors and opportunities
4.5.3 Market size and forecast
Chapter 5 WORLD INJECTION MOLDED PLASTIC MARKET, BY APPLICATION
5.1.1 Key market trends
5.1.2 Key market growth factors and opportunities
5.1.3 Market size and forecast
5.2 Consumer goods and electronics
5.2.1 Key market trends
5.2.2 Key market growth factors and opportunities
5.2.3 Market size and forecast
5.3.1 Key market trends
5.3.2 Key market growth factors and opportunities
5.3.3 Market size and forecast
5.4 Building and construction
5.4.1 Key market trends
5.4.2 Key market growth factors and opportunities
5.4.3 Market size and forecast
5.5.1 Key market trends
5.5.2 Key market growth factors and opportunities
5.5.3 Market size and forecast
Chapter 6 WORLD INJECTION MOLDED PLASTIC MARKET, BY GEOGRAPHY
6.1 North America
6.1.1 Key market trends
6.1.2 Key growth factors and opportunities
6.1.3 Market size and Forecast
6.1.4 United States
6.2.1 Key market trends
6.2.2 Key growth factors and opportunities
6.2.3 Market size and Forecast
6.3.1 Key market trends
6.3.2 Key growth factors and opportunities
6.3.3 Market size and Forecast
6.4.1 Market size and Forecast
Chapter 7 COMPANY PROFILE
7.1 Exxon Mobil
7.1.1 Company overview
7.1.2 Business performance
7.1.3 SWOT analysis of Exxon Mobil
7.2 E. I. DuPont De Nemours and Company
7.2.1 Company overview
7.2.2 Business performance
7.2.3 Strategic moves and developments
7.2.4 SWOT analysis DuPont
7.3 Dow Chemical Company
7.3.1 Company overview
7.3.2 Business performance
7.3.3 SWOT analysis of Dow Chemical Company
7.4 BASF SE
7.4.1 Company overview
7.4.2 Business performance
7.4.3 SWOT analysis of BASF SE
7.5 Huntsman Corporation
7.5.1 Company overview
7.5.2 Business performance
7.5.3 Strategic moves and developments
7.5.4 SWOT analysis Huntsman Corporation
7.6.1 Company overview
7.6.2 Business performance
7.6.3 Strategic moves and developments
7.6.4 SWOT analysis of LyondellBasell
7.7.1 Company overview
7.7.2 Business performance
7.7.3 SWOT analysis Eastman
7.8 Saudi Basic Industries Corporation (SABIC)
7.8.1 Company overview
7.8.2 Business performance
7.8.3 Strategic moves and developments
7.8.4 SWOT analysis SABIC
7.9 China National Petroleum Corporation (CNPC)
7.9.1 Company overview
7.9.2 Business performance
7.9.3 SWOT analysis CNPC
7.10 INEOS Group Holdings S.A.
7.10.1 Company overview
7.10.2 Strategic moves and developments
7.10.3 SWOT analysis INEOS Group Holdings S.A.
Increasing demand of injection molded plastics in several end use industries such as automotive, packaging, electronics & consumer goods, building & construction, medical disposal, and technological advancements (such as computer aided engineering and automation in injection molding process) is augmenting the growth of the market. Furthermore, low labour cost, minimum waste production, faster production, and ability to process multiple raw materials simultaneously are further boosting the market growth. However, volatility in crude oil prices and high initial tooling cost of injection molding would impede the overall market growth.
The polypropylene segment contributed for about 41% of the market revenue in the overall injection molded plastic market in 2014. Attributes such as heat and electrical resistance, quick setting, chemical & abrasion resistance, and high surface gloss has led to its sustained dominance in injection molded plastic market. Acrylonitrile butadiene styrene (ABS) is projected to be the fastest growing segment at 6.8% CAGR, owing to its wider application in automotive, building & construction and consumer goods & electronics industries.
The packaging will remain dominant market application during 2014-2020. This is primarily due to its increasing adoption in consumer goods, healthcare and cosmetics products. Healthcare segment is the fastest growing end use market owing to its increased usage in the production of tubes and housings for needles, pregnancy test devices, and surgical blades among others.
Key findings of the study:
- Healthcare to be the fastest growing end use industry segment.
- Packaging to remain dominant application segment throughout the forecast period.
- Acrylonitrile butadiene styrene segment to exhibit highest growth during the forecast period.
- Rising demand of packaging in automotive and consumer goods to make polypropylene the most lucrative segment, specifically due to its low cost, easy to mould nature and heat resistance.
- North America and Europe are the dominant geographies, collectively held about 66% market share in 2014.
- North America and Europe has been prominent consumers of injection molded plastics, largely due to high demand from packaging and automotive industries. Asia Pacific hosts one of the fastest growing automotive, healthcare, consumer goods, and semiconductors industry and hence offer lucrative growth opportunities for injection molded plastics market in the region. Moreover, China, Japan and India are leading markets in terms of consumption and revenues for injection molded plastics in the region.
The injection molded plastics industry is fast moving and continuous product improvement is most required to remain competitive. Continuous innovation in design, specificity, and customization has led to the frequent launch of new and advance products, resulting into adoption in newer applications.
Further, key players have been exploring collaborations and joint ventures as a mean to leverage high growth markets. Key companies profiled in the report are BASF, Exxon Mobil, DuPont, Dow Chemical Company, LyondellBasell, Huntsman Corporation, Eastman, SABIC, INEOS, and CNPC.
- China National Petroleum Corporation (CNPC)
- Dow Chemical Company
- E. I. DuPont De Nemours and Company
- Exxon Mobil
- Huntsman Corporation
- INEOS Group Holdings S.A.
- Saudi Basic Industries Corporation (SABIC)
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.