Blow Molded Plastics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028
Global Blow Molded Plastics Market: Overview
The strides in the global blow molded plastics market has been stimulated continuously by growing expenditure in blow molding machineries and advances in techniques. Rising production of high-density polyethylene (HDPE) products around the world has spurred the application of blow molding technologies. Key technologies comprise extrusion, stretching, injection blow molding, and compounding. Of these, the sales of extrusion blow molded plastics are expected to account for sizable revenues in the global market by 2028-end. Blow molded plastics exhibit numerous material development characteristics that make them useful in wide range of applications. This is one of key propositions shaping the contours of the blow molded plastics market.
Manufacturing of products that call for high impact resistance, good flow properties, and outstanding thermal resistance has been possible with blow molding process. Over the years, the numbers of blow molding machinery that allows better control of parameter characteristics has grown. Growing demand for cost-effective, high quality blow molded plastics is boosting the blow molded plastics market. Some of the key materials that are suitable for blow molding processes are high density polyethylene, low density polyethylene, polypropylene, co-polyester, PET, PVC, nylon, EVOH, and EVA.
Global Blow Molded Plastics Market: Competitive Dynamics
Mergers and acquisitions form crucial part of the competitive dynamics of the blow molded plastics market, notably in developed economies. Such strategic moves by providers of plastic solutions to companies that supply blow molded plastics to end-use industries help strengthen the supply chain of key players in the blow molded plastics market. One such initiative has been by a France-based plastic supplier acquiring a key thermoplastics company that designs, manufactures blow molded plastics for OEMs in the automotive industry. This is expanding the potential of the blow molded plastics market.
Novares in early 2019 announced that it was acquiring Miniature Precision Components, a U.S-based company specializing in engineered plastic components and modules for vehicle powertrains. With this the company consolidated—doubled—its engine business. The move is also expected to give it a stronghold in the global powertrain parts supplier business by expanding its geographic reach. Among several manufacturing expertise, Novares is also harnessing the gains of 3D suction blow molding for developing advanced blow molded plastics to be used in powertrain and under-the-hood automotive components.
Some of the well-entrenched players in the global blow molded plastics market are Chevron Corporation, BASF SE, Dow-DuPont, INEOS, and Lyondellbasell Industries Holdings B.V.
Global Blow Molded Plastics Market: Growth Dynamics
The proliferation of blow molded plastics products in consumer markets in developing and developed countries is bolstering the prospects of the market. Over the past few decades, there has been substantial advancements in equipment and secondary machineries used in blow molding. This has helped the providers of speciality plastics solution providers meet new application needs in the blow molded plastics market. Growing numbers of turnkey solutions have also expanded the potential of the market. Typically these solutions help bring more precision and design in the performs used in blow molding processes.
The demand for low-cost technologies for cost-sensitive regions has also shaped the trajectories of the blow molded plastics market. Considerable strides made in extrusion blow molding technologies over the past few years has helped meet wide diversity of demands for plastics in end-use industries, notably in automotive, medical, packaging, electronics, and construction. Expansion of warehouse and production capacities has also bolstered new avenues in the blow molded plastics market.
Global Blow Molded Plastics Market: Regional Analysis
Of the various key regions, Asia Pacific and the Middle East are witnessing substantially lucrative avenues in the blow molded plastics market. Manufacturers have in recent years have been eyeing these avenues due to low cost of production. Also, they are tapping the potential of the aforementioned emerging markets with competitive pricing, especially in small custom fabrications for end-use industries.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report