Molded Plastics Market - Global Forecast, Market Share, Size, Growth and Industry Analysis, 2013 - 2019
A new market study on the market of molded plastics published by Transparency Market Research states that the global molded plastics market will be worth US$352.37 billion by 2019. Transparency Market Research, a market intelligence firm based in Albany New York, states that the market valued at US$255 billion in 2012 and is expected to grow at a modest CAGR of 4.8% from 2013 to 2019.
Browse the full Molded Plastics Market - Global Forecast, Market Share, Size, Growth and Industry Analysis, 2013 - 2019 report at :
Volume-wise, the global demand for molded plastics stood at 125.00 million tons in 2012. Growing at a CAGR of 4.7% during report’s forecast period, the global demand is expected to rise to 171.58 million tons in 2019.
The report titled, “Molded Plastics Market - Global Forecast, Market Share, Size, Growth and Industry Analysis, 2013 - 2019,” is available on the company’s site for sale.
The report states that there is a tremendous rise in the use of plastics and the number of applications areas where it is used over the past years. Molded plastics find applications in almost all major consumer products and services industries such as electronics, automobiles, construction, household care products. Thus the global molded plastics market has been able to achieve growth at a steady pace over the past few years.
Get Sample Report
Factors such as the exponentially rising prices of crude oil (a key raw material), concerns associated with the ill-effects of molded plastics manufacturing process on the environment and their non-degradable nature are major turn-offs affecting the market’s otherwise good progress.
Demand for the market segment molded polyethylene, amongst all product-types studies by the report, accounted for nearly 25% market shares in 2012. Polyethylene is expected to observe the fastest growth rate due to the flourishing growth of packaging industry in past and its strong growth potential in the near future, particularly in India, China and Brazil.
While the demand for molded plastics was highest from the packaging industry in 2012, their combined demand from the consumables and electronics markets in the next few years is expected to surpass market shares of the packaging industry. Demand for molded plastics from the electronics industry is expected to grow at a CAGR of 4.9% during the forecast period.
Electronics, automobiles and packaging industries in the Asia-Pacific region are experiencing significant growth at a steady pace for past years – the market is expected to present demands for molded plastics of nearly 65.00 million tons by 2019. The Asia-Pacific regional molded plastics market dominated the global molded plastics market in 2012. Rising disposable incomes of a big portion of population in these regions is said to be the major factor behind the market’s dominance on a global front.
These factors will keep the molded plastics market pacing at a good rate over the forecast period. Demand for molded plastics is also expected to benefit from a flourishing automobiles industry in Latin America in the coming years, allowing the overall global molded plastics market to achieve growth at a good pace over the forecast period.
About Us :
Transparency Market Research (TMR) is a U.S.-based market intelligence company driven by a global team of high-pedigree industry consultants, analysts, and researchers. TMR leverages its worldwide Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions.
The company’s multi-disciplinary expertise has made it the preferred growth partner of hundreds of companies worldwide, from multibillion dollar conglomerates to emerging regional businesses. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources, tools, and techniques. TMR’s data repository is continuously updated by a team of research experts, so it always reflects latest trends and information.
90 State Street,
Albany NY - 12207
USA - Canada Toll Free: 866-552-3453