Injection Molded Plastics Market By Raw Material Type (Polypropylene, Acrylonitrile Butadiene Styrene (ABS), Polystyrene, High Density Polyethylene (HDPE), and Others), By Application (Automobile, Consumer Goods & Electronics, Packaging, Building & Construction, and Healthcare), Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2019-2025

Market Definition

Global injection molded plastics market is estimated to reach $477.3 Billion by 2025 with a CAGR of 5.3% from 2019 to 2025. Injection molding is a common process adapt in industries for the manufacturing of fabrication of plastic parts. The injection molding process requires the injection molding machine, raw material as plastic, and mold. The plastic is melted in an injection molding machine and then injected into the mold and which gets solidified. The processing time required for injection molding is approx. between 2 seconds and 2 minutes. The assembly for the injection molding machine consists of an injection unit, power supply, clamping unit, and mold assembly to perform different stages of the process cycle. The injection-molded plastic market is poised to grow strong over the forecast period owing to technological advancements in the injection molding process with the incorporation of robotics to perform different operations such as finishing and assembling in injection molded parts and loading components into the injection molding.

Industry Forces

Rising packaging demand from the food industry, gauge bags, & bin liners, rising demand for raw material HDPE in shipping containers, housewares, and industry pails applications are the major driving factors of the market. In addition, low cost incurred by labor and bulk production is another factor boosting the market growth. On the other hand, injection molded plastics are used with automated process thereby reducing manufacturing cost which is also projected to spur the growth of the injection-molded plastic market. Moreover, modern innovative techniques to minimize the rate of faulty products manufactured have enhanced the injection-molded technology in mass production. This factor is also likely to contribute to significant market growth. However, fluctuations in raw material prices and environmental concerns regarding their disposal, and surge in the initial cost of tooling might hamper the market growth. Furthermore, technological advancements leading to the application of robotics in injection molding and plastics manufactured from wood pulp as a renewable resource would provide lucrative opportunities for the market in the coming years.

Market Segmentation

The global injection molded plastics market is classified based on raw material type and application. Raw material type is further segmented into polypropylene, acrylonitrile butadiene styrene (ABS), polystyrene, high-density polyethylene (HDPE), and others. Based on raw material, polypropylene is the most lucrative segment of the global injection molded plastic market exhibiting the highest potential due to rising consumption across automotive components, household goods, and packaging applications. Rising penetration of polypropylene finished product in electrical contacts & battery housings, followed by food packaging is also expected to augment the market growth over the forecast period. Polypropylene components are widely used in food packaging with properties to prevent corrosion and electrical insulation properties. Further, on account of the aforesaid details, the segment has the potential to make the biggest impact in the market. By application, the market is divided into the automobile, consumer goods & electronics, packaging, building & construction, and healthcare.

Regional Analysis

Based on geography, the global injection molded plastics market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is further divided in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is categorized into China, India, Japan, South Korea, and Rest of Asia-Pacific. The South America region includes Brazil, Argentina, and the Rest of South America, while the Middle East & Africa is categorized into GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa. By geography, North America is prophesied to sit on a major share of the global injection molding plastic market. Moreover, Asia Pacific is foreseen to emerge as a lucrative segment which can be attributed to rising demand for injection-molded plastic owing to surge in the application in consumer appliances, automotive industries, and building & construction. Further, Asia-Pacific is seeking promising potential and is expected to grow at the highest rate in the market.

Competitive Players

Key players operating in the injection molded plastics industry include BASF SE, China National Petroleum Corporation (CNPC), Dow Chemical Company, E. I. Dupont De Nemours And Company, Eastman, Exxon Mobil, Huntsman Corporation, INEOS Group Holdings S.A., LyondellBasell, and Saudi Basic Industries Corporation (SABIC), among others. One of the Dow Chemical Company produced resin named ‘INFUSE OBCs’ is blended at the press with the materials such as HDPE, PP, CaCO3 concentrates, and oil concentrates. Blending OBCs with products such as HDPE or PP offers opportunities to specifically target the desired set of physical properties. Moreover, Eastman product portfolio for plastic injecting molding includes Tenite acetate, Tenite butyrate, and Tenite propionate. These products are noted for their excellent balance of mechanical properties that vary from product to product depending on the plasticizer level.

Market Landscapes

By Raw Material Type

• Polypropylene
• Acrylonitrile Butadiene Styrene (ABS)
• Polystyrene
• High Density Polyethylene (HDPE)
• Others

By Application

• Automobile
• Consumer Goods & Electronics
• Packaging
• Building & Construction
• Healthcare

By Geography

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • U.K
  • Germany
  • France
  • Italy
  • Rest of Europe
• Asia Pacific
  • India
  • China
  • Japan
  • South Korea
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • GCC Countries
  • Egypt
  • South Africa
  • Rest of Middle East & Africa