Category: Chemical & Materials

Posted in Business, Chemical & Materials, News

Expanding Automobile Industry Aiding in Automotive Adhesives and Sealants Market Growth

Posted on by Devanshu Shrivastava

Rising lightweight vehicle demand and growing automobile production are some of the prime factors behind the progress of the automotive adhesives and sealants market. In 2017, the market attained a size of $8,413.7 million, and it is predicted a reach $11,871.6 million[K1]  by 2023, progressing at a CAGR of 6.0% during the forecast period (2018–2023). Adhesives and sealants are used for different bonding and sealing applications in the automotive industry, whereby they help in enhancing the performance, driving comfort, and safety of vehicles.

Based on type, the automotive adhesives and sealants market is classified into polyurethanes, rubber, epoxy, acrylics, silicones, polyvinyl chloride (PVC), and hot melts. Out of these, in 2017, the epoxy classification held the largest sales volume share of over 20.0% in the market, and it is expected to maintain its dominance during 2018–2023. This is attributed to the superior features of epoxy-based adhesives including strong bonding capability, which aids in improving the vehicle’s structural integrity. Due to the growing demand for vehicles, the consumption of such materials is predicted to surge rapidly.  

Get a Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/global-automotive-adhesive-and-sealant-market/report-sample

On the basis of application, the automotive adhesives and sealants market is categorized into under-the-hood (UTH) and power train, body in white (BIW), paint shop, and assembly. Among these, in 2017, the BIW classification registered the dominating sales volume share of more than 32.0%, and it is anticipated to maintain the lead during the forecast period. This is ascribed to the growing popularity of high-performance solutions in vehicles, which make them light, thereby reducing the fuel consumption.  

Across the globe, electric vehicles, owing to their eco-friendly nature, are gaining popularity in the automotive adhesives and sealants market. As per the International Energy Agency report, in 2016, the registration for new electric cars set a record with more than 750 thousand sales worldwide. Of all countries, Norway witnessed the largest deployment of electric cars. In 2015, the global electric car sales stood at 1.0 million, which escalated to 2.0 million in 2016.

Make Enquiry Before Purchase @ https://www.psmarketresearch.com/send-enquiry?enquiry-url=global-automotive-adhesive-and-sealant-market

The consumption of adhesives and sealants in electric vehicles is quite low due to their less engine components, but the increasing focus on structural integrity, coupled with the desire to reduce the overall weight, is predicted to escalate the demand for these materials for electric vehicles during the forecast period. With growing environment concerns as a result of the emission of harmful substances in the atmosphere from vehicles, companies nowadays are manufacturing bio-based adhesives and sealants, as these enhance the sustainability efforts without negatively impacting the vehicle performance.

Thus, the increasing usage of bio-based solutions in automobiles is expected to generate huge opportunities for the market players during the forecast period. Further, extensive vehicle production across the globe is fueling the automotive adhesives and sealants market. According to the European Automobile Manufacturers Association, in 2017, the number of passenger cars manufactured worldwide was more than 80 million, and in 2016, around 18.4 million commercial vehicles were produced.

Hence, with the rising environmental concerns and increasing production of vehicles, the market is projected to prosper during the forecast period.

 [K1]Factual Error

Posted in Business, Chemical & Materials, News

What are the major catalysts for the Corrugated Packaging Market and their impact during the short, medium, and long terms?

Posted on by Devanshu Shrivastava

The global corrugated packaging market generated a revenue of $237.5 billion in 2017 and is anticipated to reach $294.3 billion by 2023, registering a CAGR of 3.7% during the forecast period (2018–2023). The major key driver of the market is the need for environment sustainability along with cost benefits. A corrugated box is made from two sheets of paper, called liners, which are glued to a corrugated inner medium, known as a fluting. These three layers — an inside liner, an outside liner, and fluting — provide the overall structure with better strength.

Get a Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/corrugated-packaging-market/report-sample

Corrugated packaging is used in the processed food industry for the delivery of food items, such as burgers and pizzas, and for bulk packaging in retail and shipping industries. Based on the application, the corrugated packaging market is divided into fresh food and produce, processed food, personal and household care, beverages, paper products, chemicals, glassware and ceramics, electrical and electronic goods, tobacco, textiles, wood and timber products, transport, direct mail and dispatch, and others.

Among them all, in 2017, processed food was the largest application area, contributing more than 25.0% revenue in the market. As processed foods are easy to consume, the demand for these is quite high. For customers’ convenience, manufacters are packing these foods in a secure and flexible material. Such packaging not only helps in efficient transportation and delivery of food products, but it also helps in keeping these fresh for loger duration.

Make Enquiry Before Purchase @ https://www.psmarketresearch.com/send-enquiry?enquiry-url=corrugated-packaging-market

On a global ground, in 2017, Asia-Pacific (APAC) was the largest corrugated packaging market, with a revenue contribution of more than 45.0%. Due to the influence of Westernization and increasing consumption of ready-to-eat food, this region has witnessed a rise in the demand for corrugated packaging solutions.Further, the increasing urbanization and changing lifestyle of consumers in developing countries have escalated the demand for durable and non-durable goods.

Corrugated packaging is a cost-effective solution for various industries, including retail and shipping. When compared to other packaging solutions, it has the highest recycling rate, as it is made from natural materials. In recent years, regulatory bodies and consumers are thinking more about the environment and its sustainability. For the government, growing landfills (the disposal of waste by burying it) has become a major challenge. To overcome this, the use of environmental-friendly packaging is being witnessed, especially for non-durable consumer goods, which is helping the corrugated packaging market grow.

Browse Overview of this Report @ https://www.psmarketresearch.com/market-analysis/corrugated-packaging-market

The governments of many countries are pushing copmanies to use corrugated packaging material for sustainable development, which, in turn, is driving the growth of the domain.Further, corrugated packaging is one of the most affordable and convenient solutions for the e-commerce industry due to its light weight and cost-effectiveness that help in easy delivery of the product at the consumer’s doorstep. These benefits are luring many manufacturers to increase the use of such packaging, especially for electronic goods, such as smartphones, tablets, and laptios, thereby boosting the corrugated packaging market .

Therefore, it is clear that corrugated packaging is a win-win solution as it is cost effective as well as eco-friendly.

Posted in Business, Chemical & Materials, News

How the Expanding Construction Sector is Accelerating the Growth of Paints and Coatings Market

Posted on by Devanshu Shrivastava

The global paints and coatings market value in 2017 was calculated as $ 186.7 billion, and it is expected to reach $ 262.5 billion by 2023, witnessing a revenue CAGR of 6.0% during the forecast period (2018-2023). The key factors driving the growth of the market are increasing construction, expanding automotive industry, and rising demand from the oil and gas industry.

Get a sample copy of this report @  https://www.psmarketresearch.com/market-analysis/paints-and-coatings-market/report-sample

Paints and coatings play an important role in decorating any house, office, restaurant, hotel, automotive gold. These also provide texture in addition to corrosion and abrasion resistance to the substrate. Further, these enhance the durability and adhesive properties of the material on which they are applied. The paints and coatings market is huge, and thus, for the proper understanding of its growth, it is segmented by resin type, formulation, application, and region.

Talking about the resin type, the paints, and coatings marketed by epoxy, acrylic, polyester, polyurethane, and others (nitrocellulose lacquer, nylon, and polycarbonates). Out of these, the volume of polyurethane is projected to have the fastest CAGR (5.9%) in the market during the forecast period. The reason for this is that it offers therefore, it is a preferred choice for a majority of commercial and residential interior projects. With commercial construction, the demand for polyurethane is also expected to increase.

Make Inquiry Before Purchase @  https://www.psmarketresearch.com/send-enquiry?enquiry-url=paints-and-coatings-market

The construction sector is expanding rapidly in China, India, the US, and the UK, on ​​the basis of population growth and export of construction materials. This is resulting in large-scale retail, apartments, offices, and civic infrastructure. An example of infrastructure investment in the infrastructure and capital investment plan 2016 – 2021. Under this, the Irish government has invested a huge amount in the transportation, residential, energy, and healthcare sectors.

Asia-Pacific (APAC) is anticipated to be the fastest growing market or coatings and paints during the forecast period with a sales volume and value CAGR of 7.2% and 8.3%, respectively. In this region, stringent air pollution regulations are expected to drive the adoption of eco-friendly coating resins and formulations. In addition, the growing construction industry due to increasing government and private spending is projected to accelerate the paints and coatings market growth.  

Browse An Overview of this Report @  https://www.psmarketresearch.com/market-analysis/paints-and-coatings-market/ ​​​​​​​

For instance, in 2017 in China, construction activities grew by 10.0% compared to 2016, while in Europe, the growth rate was 3.5% during the same period. Such growth in the construction industry in Europe and APAC is boosting the paints and coatings market . The oil and gas industry is also playing an important role in the field advance. Epoxy coatings provide thermal stability, chemical resistance, and corrosion protection. Similarly, the demand for paints and coatings is also increasing in automotive production.

Therefore, it is not only a matter of practice that the paints and coatings are widely used, but also because of the many advantages associated with these.

Posted in Business, Chemical & Materials, News

Palm Methyl Ester Derivatives Market Highlights The Competitive Scenario Of The Market, Major Competitors And Benchmarking

Posted on by Devanshu Shrivastava

With the increasing influence of social media in people’s lives and improving financial status, the demand for cosmetic and personal care products is experiencing an exponential growth. Consumers of today’s age not only have more money to spend on such products, but they are also educated and informed about the environment and detrimental effects of the chemicals in them, therefore are increasingly buying organic and environment-friendly products.

Get a sample copy of this report @  https://www.psmarketresearch.com/market-analysis/palm-methyl-ester-derivatives-market/report-sample

This has resulted in a high demand for cosmetics that are organically made as they are almost chemical-free and potentially devoid of side-effects. To cater to such consumer requirements, natural ingredients, such as coconut, palm, and fruit-derived oils are being used in manufacturing beauty products.

Palm methyl ester derivatives are processed oleochemicals, which are obtained from palm kernel oil and palm crude oil. Once processed, these oleochemicals are used in various applications, such as food and beverages, soaps and detergents, solvents, lubricants and additives, apart from personal care products and cosmetics.

A study by P&S Intelligence estimated that from $1,443.4 million in 2018, the palm methyl ester derivatives market would reach $2,106.7 million at a 6.4% CAGR. Palm-based derivatives’ low cost, high froth and lather formation, high emulsifying power, and appreciable performance in hard and soft-wash conditions have resulted in the high-volume usage of stearates, oleates, linoleates, and palmitates, thereby making soaps and detergents the largest application area of palm ester derivatives.

The expansion of the palm methyl ester derivatives market can also be attributed to the beneficial properties associated with such products. The beneficial properties of palm oil specialty chemicals have led to their adoption as humectants, emollients, and viscosity modifiers in personal and homecare products. These products, when compared on biodegradability, product toxicity, and solvency to their petroleum-derived counterparts, show better results in terms of safety and efficacy, thereby resulting in their rising popularity in numerous products.

Make Enquiry Before Purchase @  https://www.psmarketresearch.com/send-enquiry?enquiry-url=biocides-market

Palm oil and its derivatives contain many beneficial components, such as beta-carotene, a powerful antioxidant that removes free radicals from the body. It is also a natural source of vitamins E, C, and A. Therefore, palm oil and derivatives are witnessing an increase in demand across various consumer goods industries.

Posted in Business, Chemical & Materials, News

Extrusion Coating Market and its Growth Landscape in the Foreseeable Future

Posted on by Devanshu Shrivastava

The extrusion coating market was predicted to be valued at $3,703.8 million in 2017, and it is further expected to grow at a 4.2% CAGR during the forecast period (2018–2023). The rapid economic growth and expanding food and beverage industry are driving the advance of the market. The process of applying molten plastic to various types of substrates, such as paperboard & paper, polymer films, and aluminum foil, is called extrusion coating. The coating helps protect the object or substrate from grease, water vapor, heat, and moisture.

Get a sample copy of this report @  https://www.psmarketresearch.com/market-analysis/extrusion-coating-market/report-sample

When material type is considered, the extrusion coating market is divided into ethylene-vinyl acetate (EVA), polypropylene (PP), low-density polyethylene (LDPE), and others. Out of these, LDPE was the largest market during the historical period (2013–2017), contributing more than 70.0% share in 2017, in terms of value. It is primarily used in snack food lamination, pouch stocks, sealant layers, folding carton/cup stocks, and liquid packaging. The material can withstand temperatures up to 80 degree Celsius and 95 degree Celsius, for an indefinite and short time period, respectively.

On the basis of application, the extrusion coating market is categorized into flexible packaging, photographic, liquid packaging, and commercial. Liquid packaging occupied the major share of the market during the historical period, both in terms of volume and value. Liquid packaging includes the packaging of beverages, such as milk, grain milk, soy milk, wine, and broth, and semi-solid foods, such as purees and sauces. The commercial category is predicted to witness the fastest growth during the forecast period, in terms of value and volume.

GLOBAL EXTRUSION COATING MARKET, BY GEOGRAPHY

North America Extrusion Coating Market

  • By Material Type
  • By Substrate
  • By Application
  • By Country – U.S. and Canada

Europe Extrusion Coating Market

  • By Material Type
  • By Substrate
  • By Application
  • By Country – Germany, France, U.K., Italy, Spain, and Rest of Europe

APAC Extrusion Coating Market

  • By Material Type
  • By Substrate
  • By Application
  • By Country – China, Japan, India, and Rest of APAC

LATAM Extrusion Coating Market

  • By Material Type
  • By Substrate
  • By Application
  • By Country – Brazil, Mexico, and Rest of LATAM

MEA Extrusion Coating Market

  • By Material Type
  • By Substrate
  • By Application
  • By Country – Saudi Arabia, South Africa, and Rest of MEA
Posted in Business, Chemical & Materials, News

Ceramic Matrix Composites (CMC) Market Highlights The Competitive Scenario Of The Market, Major Competitors And Benchmarking

Posted on by Devanshu Shrivastava

Between 1970 and 2017, the global air traffic, in terms of passengers flown, grew by more than 10 times, as per the data available with the World Bank. In 1970, the world’s airlines flew 310,441,392 passengers, the number of which grew to almost 4 billion in 2017. And, as per IATA estimates, in the first quarter of 2019 itself, 4.5 billion passengers have already flown across the world! It isn’t just because the airlines already in existence are carrying an increasing number of passengers, but also because the number of airlines in operation is growing significantly.

Get a sample copy of this report @ https://www.psmarketresearch.com/market-analysis/ceramic-matrix-composites-market/report-sample

Both these factors directly suggest an exponential increase in the global demand for aircraft, to meet which aerospace companies have had to drastically raise their production capacities. This, in turn, is continuously increasing the consumption of ceramic matrix composites.

In 2016, the ceramic matrix composites market had valued $2.2 billion, and it is predicted progress steadily to ultimately reach $6.0 billion. Ceramic matrix composites are made by embedding ceramic fibers in a matrix composite. In the aerospace industry, these are used in the production of fighter aircraft ventral fins, helicopter rotor blade sleeves, and jet engine fan exit guide vanes.

Now, the reason these are essential is their less weight compared to traditional materials, weight being an important factor deciding aircraft speed, maneuverability, and the height it can achieve. This is of even more importance in military aircraft that need to climb almost vertically at almost Mach 2.0 (twice the speed of sound), cut tight corners (especially if engaged in a dogfight or traversing mountainous terrain), and drop bombs and get the hell out of there.

GLOBAL CERAMIC MATRIX COMPOSITES MARKET

  • By Product — Oxide, Silicon Carbide, Carbon and Others
  • By Application — Aerospace, Defense, Energy & Power, Electrical & Electronics and Others
  • By Region — North America, Europe, Asia-Pacific, Middle East and Africa (MEA), and Central & South America (CSA)

GLOBAL CERAMIC MATRIX COMPOSITES MARKET, BY GEOGRAPHY

North America Ceramic Matrix Composites Market

  • By Product
  • By Application
  • By Country — U.S.

Europe Ceramic Matrix Composites Market

  • By Product
  • By Application
  • By Country — Germany, France, and U.K.

Asia-Pacific Ceramic Matrix Composites Market

  • By Product
  • By Application
  • By Country — China, India, and Japan

MEA Ceramic Matrix Composites Market

  • By Product
  • By Application

CSA Ceramic Matrix Composites Market

  • By Product
  • By Application
Posted in Business, Chemical & Materials, News

Industrial Lubricants Market Overview, with Recent Technologies, Applications, Growth, Insights and Status 2024

Posted on by Devanshu Shrivastava

Chemical oils are produced to optimize the operating life and performance of the equipment, which withstand extreme stress during the production of nitrogen fertilizers, especially in terms of temperature, pressure, and compatibility with ammonia and catalyst. On a global ground, the APAC region is anticipated to lead the industrial lubricants market during the 2016–2024 period. This is attributed to the rapid industrialization in India, China, and Southeast Asia along with the modernization of machinery across industries.

Global Market Size and Forecast

5.1 By Product

5.2 By Application

5.2.1 Metalworking by Type

5.2.1.1 Metal forming by metal type

5.2.1.2 Metal cutting by metal type

5.2.1.3 Metal joining by type

5.2.2 Textile by Type

5.2.2.1 Textile finishing by type

5.2.3 Energy by Type

5.2.4 Chemical Manufacturing by Type

5.2.5 Food Processing by Type

5.2.5.1 Canned food by type

5.2.6 Hydraulic Machinery by Type

5.3 By Region

Manufacturing sectors such as paper and mill, foundry, metal forming, food and beverages, and machinery are increasingly using industrial lubricants. Due to the debt crisis in Europe and economic recession in North America, the global industrial output witnessed a fall in 2008 and 2009. However, the manufacturing industry of developing nations, such as China, Indian, Brazil, Russia, and South Africa remained unaffected. The industrial production in these countries witnessed a rise during 2008–2009, and the growth is expected to continue during the forecast period .

Chapter 6. North America Market Size and Forecast

6.1 By Product

6.2 By Application

6.2.1 Metalworking by Type

6.2.1.1 Metal forming by metal type

6.2.1.2 Metal cutting by metal type

6.2.1.3 Metal joining by type

6.2.2 Textile by Type

6.2.2.1 Textile finishing by type

6.2.3 Energy by Type

6.2.4 Chemical Manufacturing by Type

6.2.5 Food Processing by Type

6.2.5.1 Canned food by type

6.2.6 Hydraulic Machinery by Type

These oils are used as a processing aid or as a raw material in multiple end-use industries, such as chemicals, plastic, and rubber. These lubricants are witnessing huge demand in the Asia-Pacific (APAC) region due to the expanding chemical industry, which is expected to boost the market. Industrial lubricants find wide-ranging applications in industries including metalworking, energy, chemical manufacturing, textile, food processing, hydraulic machinery. Among these, in 2016, the chemical manufacturing industry held the largest (over 20.0% sales volume share) in the industrial lubricants market and would continue dominating it during the forecast period.

Posted in Business, Chemical & Materials, News

Who are the Diesel Exhaust Fluid (AdBlue) driving sellers in a market?

Posted on by Devanshu Shrivastava

The global diesel exhaust fluid market reached $12,191.5 million in 2017, and it is expected to grow at a CAGR of 8.8% in the near future. The fluid has vehicular and non-vehicular application; heavy, medium, and light-duty vehicles, passenger cars, and off-highway vehicles come under the vehicular application. This category accounted for the larger share of the market in 2017, both in terms of volume and value. Non-vehicular application includes diesel-operated irrigation pumps and generators. This category is expected to grow at the faster rate in the coming years, in terms of value and volume.

Market Dynamics

4.3.1 Trends

4.3.1.1 Shifting trend of demand from commercial vehicles to passenger vehicles

4.3.2 Drivers

4.3.2.1 Stringent environmental regulations

4.3.2.2 Rising demand for heavy duty vehicles

4.3.2.3 Focus on sustainable agricultural practices

4.3.3 Restraint

4.3.3.1 Unwillingness to adopt diesel exhaust fluid

4.3.3.2 Impact analysis of restraints on market forecast

4.3.4 Opportunity

4.3.4.1 Emerging nations to offer potential growth opportunities

AdBlue is used in the treatment of harmful nitrogen oxide emission, which is emitted from diesel engines, by breaking down nitrogen oxide (NOx) into nitrogen and water via the selective catalytic reduction (SCR) process. Diesel exhaust fluid is an aqueous solution, which is produced using deionized water and urea (with volume percentages of 67.5% and 32.5%, respectively).

GLOBAL DIESEL EXHAUST FLUID MARKET, BY GEOGRAPHY

North America Diesel Exhaust Fluid Market

  • By Storage Solutions
  • By Applications
  • By Country – U.S. and Canada

Europe Diesel Exhaust Fluid Market

  • By Storage Solutions
  • By Applications
  • By Country – Germany, U.K., France, Italy, Spain, and Rest of Europe

APAC Diesel Exhaust Fluid Market

  • By Storage Solutions
  • By Applications
  • By Country – China, Japan, South Korea, Australia, and Rest of APAC

LATAM Diesel Exhaust Fluid Market

  • By Storage Solutions
  • By Applications
  • By Country – Brazil, Mexico, and Rest of LATAM

MEA Diesel Exhaust Fluid Market

  • By Storage Solutions
  • By Applications
  • By Country – Saudi Arabia, U.A.E., South Africa, and Rest of MEA
Posted in Business, Chemical & Materials, News

Alpha Olefins Market Porter Analysis Identifies Competitive Forces Within The Market

Posted on by Devanshu Shrivastava

The key factor responsible for the growth of the alpha olefins market is the rising compound use in the production of polyolefin and specialty chemicals. In 2017, the market generated revenue of $ 11,704.2 million, and was expected to reach a size of $ 15,846.5 million by 2023, progressing at a CAGR of 5.4% during the forecast period (2018-2023). Alpha olefins are a type of olefins or alkenes with a chemical formula C x H2 x . They are distinguished from other mono-olefins based on the linearity of the hydrocarbon chain and the double bond position at the alpha place.

GLOBAL ALPHA OLEFINS MARKET BY GEOGRAPHY

North American Alpha Olefins Market

  • By Type
  • By Application
  • By Country – US and Canada

Europe Alpha Olefins Market

  • By Type
  • By Application
  • By Country – Germany, UK, France, Italy, Russia, and Rest of Europe

APAC Alpha Olefins Market

  • By Type
  • By Application
  • By Country – China, Japan, Singapore, India, and Rest of APAC

LATAM Alpha Olefins Market

  • By Type
  • By Application
  • By Country – Brazil, Mexico, and Rest of LATAM

MEA Alpha Olefins Market

  • By Type
  • By Application
  • By Country – UAE, Saudi Arabia, South Africa, and Rest of MEA

On the basis of application, the alpha olefins market is classified into surfactants and intermediates, polyolefin comonomers, plasticizers, synthetic lubricants, petroleum additives, and oilfield chemicals. Among these, during the 2018-2023 period, the polyolefin comonomers classification is anticipated to exhibit the highest CAGR of 5.6% in terms of value in the market. The reason behind the significant growth of the classification is the rising use of polyethylene in various industries, such as cable, automotive, construction, and plastic packaging. Polyolefins are polymers manufactured from olefins, such as propylene, ethylene, and butene.

Posted in Business, Chemical & Materials, News

Injection Molded Plastics Market to Display Healthy Growth During the Forecast Period

Posted on by Devanshu Shrivastava

The growing demand for injection-molded plastics, such as polypropylene and high-density polyethylene (HDPE), in various industries, such as construction, automotive, electronics, and medical, is the key factor driving the growth of the injection molded plastics market. In 2016, the market generated a revenue of $283,546 million, and it is predicted to progress at a CAGR of 6.0% during the forecast period (2017–2025). Injection molding is used for producing a range of parts by melting the plastic granules until they become soft to be able to fill a mold to copy the exact shape.

GLOBAL INJECTION MOLDED PLASTICS MARKET, BY GEOGRAPHY

North America Injection Molded Plastics Market

  • By Raw Material
  • By Application
  • By Country – U.S.

Europe Injection Molded Plastics Market

  • By Raw Material
  • By Application
  • By Country – Germany, France, and Italy

Asia-Pacific Injection Molded Plastics Market

  • By Raw Material
  • By Application
  • By Country – China, India, and Japan

CSA Injection Molded Plastics Market

  • By Raw Material
  • By Application
  • By Country – Brazil

MEA Injection Molded Plastics Market

  • By Raw Material
  • By Application
  • By Country – Saudi Arabia

Based on application, the injection molded plastics market is broadly categorized into consumables and electronics, packaging, automotive, medical, and building and construction. Out of these, in 2017, the packaging category dominated the market with a revenue contribution of more than 25.0%, and it is expected to continue leading it during the forecast period. This is attributed to the fact that these plastics are widely adopted for packaging beverages, pet foods, and canned processed foods.

Injection Molded Plastics Market Introduction 

4.1 Market Definitions

4.1.1 By Raw Materials

4.1.1.1 Polypropylene

4.1.1.2 ABS

4.1.1.3 HDPE

4.1.1.4 Polystyrene

4.1.1.5 Others

4.1.2 By Application

4.1.2.1 Packaging

4.1.2.2 Consumables & electronics

4.1.2.3 Automotive

4.1.2.4 Building & construction

4.1.2.5 Medical

4.1.2.6 Others

4.2 Injection Molded Plastics Value Chain Analysis

4.3 Market Dynamics

4.3.1 Drivers

4.3.1.1 Increasing penetration in automotive application

4.3.1.2 Growing construction activities in emerging markets

4.3.1.3 Positive outlook of global packaging industry

4.3.2 Restraints

4.3.2.1 Growing environmental concerns

4.3.2.2 Growing bio-based polymers industry

4.3.3 Opportunities

4.3.3.1 Increasing demand in medical industry

The global automotive sector is experiencing notable growth due to the government support in the form of financial incentives and tax benefits, and low-cost manufacturing, particularly in developing Asian markets, such as Indonesia, China, India, and Thailand. The progress of the automotive industry in such countries is supporting the market for injection-molded plastics. In order to attain fuel efficiency, consumers are now shifting toward lightweight vehicles, which is anticipated to boost the demand for such materials during the forecast period.  

Hence, the surging adoption of lightweight vehicles is fueling the growth of the market.