Global Molded Plastic Market 2018 by Manufacturers, Countries, Type and Application, Forecast to 2023 Provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The process of using a rigid frame or mold for shaping of plastic is called plastic molding. The mold used in the process gives the desired shape and is made of steel or aluminum. Plastic molding helps in creation of objects of all size and shape using both simple and complex designs.
This report focuses on the Molded Plastic in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
The rapid growth in the construction, automotive and packaging industry is expected to fuel the growth of molded plastics market globally. Moreover, the rapid growth of emerging economies has further surged the packaging industry, owing to the increased outflow and inflow of fast moving consumer goods, in turn augmenting the growth of molded plastic market. Furthermore, the demand for molded plastics from the electrical and electronic industry has seen a substantial growth, due to the increased application in the electronic devices such as laptops, televisions, computers, and mobile phones.
The worldwide market for Molded Plastic is expected to grow at a CAGR of roughly 6.2% over the next five years, will reach 193600 million US$ in 2023, from 134900 million US$ in 2017, according to a new GIR (Global Info Research) study.