Blow Molded Plastics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Blow Molded Plastics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : April, 2020 | Chemical & Materials | PPT format

Report Digest


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.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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