Pune, India -- (SBWIRE) -- 04/10/2018 -- Global Blow Molding Resins Market is expected to reach USD 61.30 billion by 2025, from USD 37.68 billion in, growing at a CAGR of 7.4% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Global Blow Molding Resins Market By Type (Polyethylene, Polypropylene, Polyvinyl Chloride, Polyethylene Terephthalate and Others), By Application (Packaging, Automotive & Transportation, Construction & Infrastructure and Others), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
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Some of the major players operating in the global blow molding resins Market are:-
Exxon Mobil, Lyondellbasell Industries Holdings B.V, Dowdupont, Sabic, Ineos Group Holdings S.A, China Petroleum Corporation, Solvay, Eastman Chemical Company, Formosa Plastics Group (FPG), Chevron Corporation, Qenos Pty Ltd, Lanxess, Eastman Chemical Company, Versalis S.P.A, BASF SE, Reliance Industries Limited, Westlake Chemical Corporation, Braskem, Haldia Petrochemicals Limited, AGC Chemicals Americas Inc., LG Chem, The Chemours Company, Shin–Etsu Chemical Co. Ltd, Lotte Chemical UK Ltd, EMS-Chemie Holding AG, and many more.
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This market report defines the market trends and forecast the upcoming opportunities and threats of the blow molding resins market in the next 8 years. Blow molding is a manufacturing process of hollow plastic parts. Polyolefin are the most widely used plastic for blow molding purpose because they have good process ability, light weight, toughness, high chemical resistance, and are relatively low cost compared to other plastics. The blow molding plastics are majorly used in packaging of various products such as milk and other foods, cleaning fluids, medicines, cosmetics, and personal care products.
The blow molding technique is actively used in transportation and automotive industry. According to an article published by U.S. Department of Transportation, in 2013 around USD 1.4 trillion investments was done in transportation of goods and services, and around USD 125.7billion was spent on transportation construction. DuPont has launched a new product of blow molding technique under the brand name Surlyn. These blow molding resins are a cost-effective solution for transparent, monolayer molded bottles, and are used in various applications such as cosmetic, skin care, and hair care products. According to an article published by The Plastic Industry Trade Association, in 2016 around USD 312.1 million of primary plastics equipment shipment was done by key players of the plastic market.
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Major Market Drivers:
- High demand for blow molding resins in packaging industry
- Automotive light-weighting driving the demand for blow molding resins
- Fluctuation prices of crude oil will hamper the growth of blow molding resins market
The global blow molding resins 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 blow molding resins market for global, Europe, North America, Asia Pacific and South America.
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Key Questions Answered in Global Blow Molding Resins Market Report:-
What will the market growth rate, Overview and Analysis by Type of Global Blow Molding Resins Market in 2025?
What are the key factors driving, Analysis by Applications and Global Blow Molding Resins Market?
What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Global Blow Molding Resins Market?
Who are Opportunities, Risk and Driving Force of Global Blow Molding Resins Market?
Who are the opportunities and threats faced by the vendors in Global Blow Molding Resins Market?
What are the Global Blow Molding Resins Market opportunities, market risk and market overview of the Market?
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