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Molded Plastics Market 2018 Growing at a CAGR of 6.3% upto 2025 and Expected to Reach USD 537.7 Million Globally by 2024
Feb 12, 2019 (AB Digital via COMTEX) --


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The key players operating in the global molded plastics market are –

Key Insights in the report:

Market Definition: Global Molded Plastics Market

Molded plastics are the polymers that can be molded in any shape and size which can be used in commercial applications. Their quality is enhanced by using pigments and other additives. They possess favourable characteristics such as high durability, high chemical resistance and light weight. The molded plastics products are used by automobile industry in manufacturing og engine cover, air flow ducts, bumpers and many more. With the rapid growth in automotive, construction, and packaging industry is fuelling the growth of the market. For instance, according to the Organization Internationale des Constructeurs Automobiles (OICA), a growth of 4.5% was seen in automobile industry in 2015-2016. The rise in demand for environment supportable and low carbon producing vehicles has led to the rise in molded plastics for manufacturing of vehicles. Also, the increase outflow and inflow of consumer goods in packaging industry is owing to the growth of the molded plastics market.

Market Drivers:

Market Restraint:

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Segmentation: Global Molded Plastics Market

By Technology

By Type

By Application

By Geography

Competitive Analysis:

The global molded plastics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of molded plastics market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa. For instance, in August 2014, Pexco company bought Custom Extrusion Inc to expand its plastic business in different regions of. With this acquisition, the company expanded its workfore to produce more plastic products.

Overview of the report

1)      The study provides an in-depth analysis of the Global Molded Plastics Market and current & future trends to elucidate imminent investment pockets.

2)      Obtain the most up to date information available on all Global Molded Plastics Market.

3)      Information about key drivers, restraints, opportunities, and their impact analysis on the market size has been provided.

4)      Identify growth segments and opportunities in the industry.

5)      Assess your competitor's refining portfolio and its evolution.

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