Overview and Scope
Injection molded plastics refer to the manufacturing process of melting plastic pellets and injecting the molten plastic into a mold cavity. Injection molded plastics are used to make toys, automotive parts, electronic enclosures, and medical devices.
Sizing and Forecast
The injection molded plastics market size has grown strongly in recent years. It will grow from $316.76 billion in 2023 to $332.87 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to industrialization and mass production, material innovation and development, consumer product evolution, environmental concerns and regulations, cost-effectiveness and production efficiency..
The injection molded plastics market size is expected to see steady growth in the next few years. It will grow to $403.24 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to increasing demand in automotive sector, rising adoption in medical devices, shift towards sustainable solutions, increasing demand in packaging industry, automation and industry 4.0 integration.. Major trends in the forecast period include customization and design flexibility, rise in lightweight components, advanced material development, expansion in medical device applications, global market expansion..
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Segmentation & Regional Insights
The injection molded plastics market covered in this report is segmented –
1) By Raw Material: Polypropylene (PP), Acrylonitrile Butadiene Styrene (ABS), High-Density Polyethylene (HDPE), Polystyrene (PS), Other Raw Materials
2) By Type: Electric Type, Hydraulic Type, Hybrid Type
3) By Application: Automotive, Medical Industry, Food And Beverage Industry, Consumer Goods Industry, Electronics And Telecom Industry, Construction, Shoe Industry, Home Appliance, Other Applications
Asia-Pacific was the largest region in the injection molded plastics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global injection molded plastics market during the forecast period. The regions covered in the injection molded plastics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Increasing spending on construction is expected to drive the injection molded plastic market going forward. Construction refers to the process of building or assembling something, typically a structure, using various materials and techniques for residential and commercial purposes. Injection molded plastics are widely used in many construction applications such as floorings, roofing, walls, and insulation for their higher durability, lighter weight, and greater insulation properties. For instance, in December 2022, according to the Federal Reserve Bank of St. Louis, a US-based central bank, total spending on commercial construction reached $131 million, increasing from $103 million in December 2021. Furthermore, in May 2022, the total spending on residential construction topped $954 million, increasing from $797 million in May 2021. Therefore, the increasing construction spending will propel the injection molded plastics market.
Key Industry Players
Major companies operating in the injection molded plastics market report are ExxonMobil Corporation, Badische Anilin- und Sodafabrik, DuPont de Nemours Inc., Dow Inc., Huntsman International LLC., Eastman Chemical Company, INEOS Group, LyondellBasell Industries Holdings B.V., Saudi Arabia’s Basic Industries Corporation, Magna International Inc., InterActiveCorp Group, Berry Global Inc., HTI Plastics Inc., Rutland Plastics, The Rodon Group, Heppner Molds Inc., Formosa Plastics Corporation, Reliance Industries Limited, China National Petroleum Corporation, AptarGroup Inc., Silgan Holdings Inc., Amcor PLC, ALPLA INDIA PRIVATE LIMITED, LTM Plastics Inc., MSI Mold Builders., GSH Industries Inc., Britech Industries, Nylacarb Corp., Proto Labs, EVCO Plastics, Crescent Industries, Stack Plastics, Universal Plastic Mold, Plastic Molding Technology Inc., Kamek Precision Tools Inc., Plastic Injection Molding Inc., RSP Inc., Plastic Design International Inc.
The injection molded plastics market report table of contents includes:
1. Executive Summary
2. Injection Molded Plastics Market Characteristics
3. Injection Molded Plastics Market Trends And Strategies
4. Injection Molded Plastics Market – Macro Economic Scenario
5. Global Injection Molded Plastics Market Size and Growth
….
31. Global Injection Molded Plastics Market Competitive Benchmarking
32. Global Injection Molded Plastics Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Injection Molded Plastics Market
34. Injection Molded Plastics Market Future Outlook and Potential Analysis
35. Appendix
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