Global Injection Molding Plastic Market By Raw Material, By End User, By Geographic Scope And Forecast
Injection Molding Plastic Market Size And Forecast
Injection Molding Plastic Market was valued at USD 308.37 Billion in 2018 and is projected to reach USD 468.13 Billion by 2026, growing at a CAGR of 6.1% from 2019 to 2026.
Global Injection Molding Plastic Market Overview
The latest technological innovations to reduce the rate of faulty production have enhanced the significance of the injection molding technique for mass production of complex plastic shapes. Furthermore, the demand for plastic components in various industries such as automotive, packaging, electrical, electronics, home appliances, and healthcare medical devices is increasing. Plastic is cheap and easy to produce and with its range of applications in different industries it is most sought after material. Furthermore, the emerging economies have been spending heavily on infrastructure development which in turn is driving the demand for injection molding plastic. The products which are made by injection molding have benefits like better heat resistance and pressure resistance which make them more applicable in various end-use industries. Moreover, the government has been giving tax and financial benefits to companies that are bringing FDI. Owing to these reasons the injection molding plastic market will see favorable growth over the forecast period.
Global Injection Molding Plastic Market: Segmentation Analysis
The Global Injection Molding Plastic Market is segmented based on Raw Material, End-user, and Geography.
Key Players In Injection Molding Plastic Market
The Global Injection Molding Plastic Market study report will provide a valuable insight with an emphasis on the global market. The major players in the market are
- Formosa Plastics
- China Petroleum
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