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Global Molded Plastics Market Is Forecast To Exceed A Valuation Of US$ 260.5 Billion By 2032

Molded Plastics Market Outlook (2022-2032)

The global molded plastics market has reached US$ 165.8 billion in 2022, and is forecast to exceed a valuation of US$ 260.5 billion by 2032, expanding at a CAGR of 4.7% over the said time period.

Sales of molded plastics currently account for around 28.1% share in the global plastics market. The molded plastics market has witnessed significant growth in the last half-decade due to fast growth in various end-use industries such as electrical & electronics, automotive, transpiration, etc.

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Molded Plastics Industry Research by Category

  • Molded Plastics Market by Material :

    • Polypropylene
    • Polyethylene
    • Polyvinyl Chloride
    • Polystyrene
    • Polyethylene Terephthalate
    • Other Materials
  • Molded Plastics Market by End Use :

    • Packaging
    • Consumables & Electronics
    • Automotive & Transportation
    • Building & Construction
    • Other Applications
  • Molded Plastics Market by Region :

    • North America Molded Plastics Market
    • Latin America Molded Plastics Market
    • Europe Molded Plastics Market
    • East Asia Molded Plastics Market
    • South Asia & Oceania Molded Plastics Market
    • MEA Molded Plastics Market

Competitive Landscape: Top Companies in Molded Plastics Market

The global molded plastics market is largely fragmented, and North American companies are dominating the overall market due to their worldwide presence. Industry players are focusing on improving their R&D capabilities and developing new products.

  • In 2021BASF set out to increase its polyamides product portfolio for the high-temperature variety by launching a new brand – heat-stabilized Ultramid.
  • In August 2021LANXESS completed the acquisition of a USA-based leading manufacturer of specialty chemicals – Emerald Kalama Chemical.

Fact.MR has provided detailed information about price points of top manufacturers of molded plastics market positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.

 

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