Blow Molded Plastics Market Registering At A CAGR of 4.5% Through Forecast Period From 2019 To 2025: Grand View Research Inc.

Blow Molded Plastics Market

San Francisco, 7 November 2019: The Report Blow Molded Plastics Market Size, Share and Trends Analysis Report, By Technology (Extrusion, Injection, Stretch, Compound), By Product (PP, ABS, PE, Polystyrene, PVC, PET), By Application, And Segment Forecasts, 2019 – 2025

The global blow molded plastics market size is expected to reach USD 102.44 billion by 2025, according to a new study by Grand View Research, Inc. It is projected to register a CAGR of 4.5% during the forecast period. The global blow molded plastics industry is expected to witness significant growth over the forecast period owing to increasing product demand from end-use industries. In the past few years, there has been a significant growth in technologies and equipment for manufacturing blow molded plastics, which has enabled manufacturers to cater to specific requirements for several application sectors.

The industry has experienced solid development over the past years. However, several structural issues continue to plague the industry participants present in the entire value chain. Machinery manufacturers also compete heavily with price flections in, as is the case in most other machinery manufacturing industries.

These types of plastics are quickly replacing conventional substances such as glass, wood and engineered plastics in several application segments owing to their lubricity, flexibility, increased strength and stiffness, and various product characteristics (flame-retardant, UV stability, availability in numerous colors, and antioxidant). This trend is anticipated to drive global blow molded plastics market growth over the forecast period. Reduced costs and light weight of plastic compounds further contribute to the rising product demand in various industrial applications, mainly in construction and automotive sectors.

Extrusion blow molded plastics was the largest and the fastest growing technology segment in 2018. The extrusion blow molding technology is a revolutionary form of blow molding process as it has revolutionized the plastic manufacturing sector. One of the main advantages of this process is that it enables the manufacturers to increase output along with the efficiency of providing customized products. Moreover, cheaper mold cost compared to other processes makes it a cost-effective technology. Hence, it is expected to be the largest technology segment in the next eight years as it is used to manufacture plastic products for several end-use industries.

Access Research Report of Blow Molded Plastics Market @ https://www.grandviewresearch.com/industry-analysis/blow-molded-plastics-market

Further key findings from the repot suggest:
  • The global blow molded plastics demand was USD 75.28 billion in 2018 and is estimated to grow at a CAGR of 3.6% from 2017 to 2025
  • Polyethylene was the largest product segment in 2018. PE compounds are dominantly used across various industries and have been an integral material for packaging industry. Apart from the packaging sector, the UHMWPE finds application in manufacturing high performance medical devices
  • Acrylonitrile butadiene styrene (ABS) to emerge as the fastest growing product segment owing to increasing demand form the automobile industry
  • Asia Pacific accounted for 33.2% of the overall revenue in 2018. China blow molded plastics market to witness a growth of 5.7% to reach a net worth of USD 16.36 billion by 2025
  • Major resin manufacturers currently operating in the market include Dow Chemical Company, SABIC, ExxonMobil, LyondellBasell and Sinopec. They account for less than 40% of the overall global annual output
  • Favorable federal regulations by agencies such as EPA, NHSTA, CARB, and SEPA regarding carbon emissions along with EU initiatives to develop blow molding applications for manufacturing light and fuel-efficient cars are likely to boost global market growth
Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/plastics-polymers-and-resins

Grand View Research has segmented the global blow molded plastics market on the basis of technology, product, application and region:
Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
  • Injection blow molding
  • Extrusion blow molding
  • Stretch blow molding
  • Compound blow molding
Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
  • Polypropylene
  • Acrylonitrile Butadiene Styrene (ABS)
  • Polyethylene
  • Polystyrene
  • PVC
  • PET
  • Others
Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
  • Packaging
  • Consumables & Electronics
  • Automotive & Transport
  • Building & Construction
  • Medical
  • Others
Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East & Africa
Access Press Release of Blow Molded Plastics Market @ https://www.grandviewresearch.com/press-release/global-blow-molded-plastics-market

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com

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