Injection Molded Plastics Market, (By Raw Material: Polypropylene, ABS, HDPE, Polystyrene & Others. By Application Type: Packaging, Electrical and Electronics, Automotive and Transportation, Building and Construction, Healthcare & Others. By Region - North America, Europe, Asia Pacific, and LAMEA) – Global Industry Insights, Analysis, Trends, and Forecast 2022-2032

The global Injection Molded Plastics Market was valued at $290.4 billion in 2021 and it is expected to reach $521.4 billion at a CAGR of 5.30% between 2022 and 2032. Injection Molded is a type of process which produces plastic products from molten materials into a mold procedure, in which it is melted, cooled, and later transform into a solid shape as the final product. Molded plastics such as thermoplastic and thermosetting plastics are used in several manufacturing industries across the globe.

By region, North America is dominating the global injection Molded market over the last few years.   

The considerable thermoplastic polymers such as polypropylene, low-density polyethylene, high-density polyethylene, polycarbonate, polystyrene, polyvinyl chloride, polysulfone, among others are widely used in injection Molded plastics. Some thermosetting polymers such as epoxy resin, polyester, melamine-formaldehyde, and others are used in producing injection Molded plastics. Based on raw materials, the injection Molded plastics market is segmented into polypropylene, high density, polyethylene, polystyrene and acrylonitrile styrene, and others. Among these, the polypropylene segment has been leading the raw materials which are used in injection Molded plastics. It is used in mold nature, electrical insulating properties, heat resistance with low cost, which is expected to drive the growth of injection Molded plastics market in upcoming years.

Source: SAI Research

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Based on applications, the injection Molded plastics market is segmented into automotive, consumer goods and electronics, packaging, healthcare, and building and constructions. Among these, the packaging segment is leading the applications in the global injection Molded plastics market. Furthermore, consumer packaging is estimated to boost the demand for the injection Molded plastics market across the globe. In addition, rigid packaging is also used in various industrial productions. These are the major factors which are driven the injection Molded plastics market over the past few years.                                     

Based on regions, the injection Molded plastics market is further categorized into Europe, North America, Asia-Pacific, Latin America, and Africa. Among these, the North American region is dominating the market and this region is expected to hold its dominating position during the forecast period from 2022 to 2032. Followed by North America, Asia-Pacific, Latin America, and the Middle East region is also expected to gain a significant growth rate due to increasing demand for injection Molded plastics in these regions. Moreover, in developed countries injection Molded plastics are rising in demand for industries of applications such as building and construction, consumer appliances, and automotive industries among others. In Asia-Pacific region, the Indian plastics industry started to produce polystyrene a few decades ago. Moreover, India is the first country among others that stands as one of the major and promising exporters of plastics across the Asia-Pacific region.

According to the study, key players such as DuPont Chemicals Company (U.S), BASF Chemicals Company (Germany), HTI Plastics (Germany), LyondellBasell Chemical Industry Company (Netherlands), Huntsman Corporation Chemical Industry Company (U.S), Eastman Chemical Company (U.S), SABIC Chemical Manufacturing Company (Saudi Arabia), Magna International Manufacturing Company (Canada), among others are leading the global injection Molded plastics market.                    

Scope of the Report:

The Global Injection Molded Market Has Been Segmented Into:

The Global Injection Molded Market – By Raw Material:

• Polypropylene
• ABS
• HDPE
• Polystyrene
• And Others

The Global Injection Molded Market – By Application Type:

• Packaging
• Electrical and Electronics
• Automotive and Transportation
• Building and Construction
• Healthcare
• And Others

The Global Injection Molded Market – By Regions:    

North America 

• U.S
• Canada
• Mexico

Europe

• Germany
• France
• Italy
• U.K
• Russia
• Rest of Europe Countries

Asia-Pacific

• India
• China
• Japan
• South Korea
• North Korea
• Rest of Asian Countries

LAMEA

• Brazil
• Saudi Arabia
• Rest of LAMEA