The Asia-Pacific to Provide Significant Growth Opportunities to the Blow Moulds Industry
Geographically, the Asia-Pacific is a significant region in the global blow moulds industry. The growing demand for blow moulding in various sectors such as automotive, personal care, and construction, among others is driving the market growth. Increasing utilisation of plastic or blow mould to prepare different components in the automotive sector is aiding the market growth. Within the Asia-Pacific, China has been witnessing a rapid expansion of various end use industries, which is leading to an increased utilisation of blow moulds for various applications. Additionally, due to the outbreak of the COVID-19, the demand for several pharmaceuticals has increased, leading to a growth of the medical sector, thereby enhancing the demand for blow moulding in the region.Meanwhile, the HDPE segment accounts for a significant market share based on type. The extrusion blow moulding markets for high-density polyethylene (HDPE) have been growing at a healthy pace. They are widely utilised to prepare large holding tanks and drums, and automotive fuel tanks, among others.
Blow Moulds: Market Segmentation
Blow moulding is a process of forming hollow objects or vacuous plastic parts in the correct form by blowing a thermoplastic molten tube, called a parison, in the shape of a mould cavity. It is used to form glass bottles or any other hollow shapes. It is utilised to manufacture large volume, one-piece hollow objects. Blow moulding constitutes three main thermoplastic processes, namely, extrusion blow moulding, stretch blow moulding, and injection blow moulding.Market Breakup by Type
- HDPE
- PET
- PVC
- Polypropylene
- Others
Market Breakup by Application
- Food and Beverage
- Personal Care Products
- Medical Industry
- Automobile Industry
- Household and Cleaning Products
- Industrial and Agricultural Chemicals
- Others
Market Breakup by Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Growing Advancements in Technology to Augment the Blow Moulds Industry Growth
The rise in consumption of packed food items due to the hectic schedule of the working class, coupled with the rising disposable incomes, is one of the major factors leading to the growth of the blow moulds industry. In addition, an increase in demand for personal care products is aiding the market growth due to the growing demand for plastic containers and different packaging products including bottles. Furthermore, blow moulding is widely used in the automobile sector to produce parts like bumpers, air ducts, and seat backs, among others. Rap id advancements in technology and growing innovations like the development of fully electric blow moulding machinery are expected to drive the growth of the blow moulds industry in the forecast period. There is an increasing demand for machineries that can deliver higher accuracy, greater cost-efficiency, and maximum flexibility to offset the significantly rising cost of production in different sectors, which is expected to aid the marketKey Industry Players in the Global Blow Moulds Market
The report presents a detailed analysis of the following key players in the global blow moulds market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:- Kiefer Mold Technologies
- Heise Industries Inc
- GDXL
- Creative Blow Mold Tooling
- Cado Company
- Valencia Plastics Inc.
- PET Technologies
- Others
Table of Contents
Companies Mentioned
The key companies featured in this Blow Moulds market report include:- Kiefer Mold Technologies
- Heise Industries Inc
- GDXL
- Creative Blow Mold Tooling
- Cado Company
- Valencia Plastics Inc.
- PET Technologies