Injection Molded Plastics Market Size By Raw Material (Polystyrene, HDPE, ABS, Polypropylene), By Application (Building & Construction, Automotive, Consumables & Electronics, Packaging), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2032

Industry Statistics

Injection Molded Plastics Market size garnered over USD 300 billion in 2022. With the consistent expansion of the construction sector globally, the industry is set to witness 3.5% CAGR from 2023 to 2032.
 

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Construction sector has witnessed an upward trend over recent years owing to the escalating rollouts of infrastructure development projects and the advent of several technological breakthroughs. Besides, the improving economic landscape and the significant rise in investments focused on building an energy-efficient infrastructure across numerous economies.
 

Plastic injection molding is widely utilized across several industrial verticals ranging from electronics, automobiles, and construction to kitchen utensils and toys. The stringent government regulation pertaining to minimizing plastic pollution and the increased adoption of effective waste management techniques may restrict industry growth during the forecast period. On the other hand, the consolidated competitive landscape and the increasing strategic exchanges among leading product manufacturers will accelerate business growth through the ensuing years.
 

Robust application landscape to drive the demand for injection-molded polypropylene

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With respect to raw material, injection molded plastics market is segregated into Acrylonitrile Butadiene Styrene (ABS), polypropylene (PP), High-Density Polyethylene (HDPE), Polystyrene (PS), and others. Polypropylene segment is expected to expand at over 4% CAGR and exceed USD 160 billion by 2032. Polypropylene boasts of high impact strength, excellent molding capabilities, moisture resistance, food-grade approvals, and lower production costs. These attributes make it suitable for a broad spectrum of applications, including laboratory equipment, textiles, stationary, packaging and labeling parts, automotive components, etc.
 

Ongoing proliferation of the e-commerce to boost product adoption in packaging applications

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Regarding the application landscape, packaging applications are expected to amass more than USD 135 billion by 2032, exhibiting a 3.5% growth rate throughout the projection period. Injection molded plastics are lighter in weight and offer excellent insulation, processibility, and resistance to chemicals and the external environment, making them suitable for a variety of packaging and shipping applications. The expanding e-commerce industry and the subsequent rise in requirements to maintain the quality and integrity of shipped goods will propel segment share by 2032.
 

Robust automotive industry to increase product penetration across the Asia Pacific

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Asia Pacific injection molded plastics market is projected to be worth over USD 140 billion by 2032. Regional growth can be credited to the flourishing automotive and construction sectors owing to the increasing demand and uptake of autonomous high-end luxury vehicles and the rising infrastructural investments. In addition, the robust economic outlook across countries such as China and India, coupled with the rapid industrial growth, will create positive growth prospects for the injection molded plastics industry in the Asia Pacific.
 

Product line expansion remains the key growth strategy among market players

Leading companies operating in the injection molded plastics market are ExxonMobil Corporation, BASF SE, DuPont, The Dow Chemical Company, Huntsman Corporation, Eastman Chemicals, INEOS Group, LyondellBasell Industries, SABIC, Magna International Inc., Berry Global Inc., Becton Dickinson (BD, IAC Group, and Rubbermaid Commercial Products LLC.
 

Players in the market have been widely integrating advanced technologies to develop state-of-the-art products to gain a competitive edge over their counterparts and expand their existing consumer base.
 

Impact of COVID-19 on the injection molded plastics market share

Injection molded plastics industry depicted a decent growth potential during the COVID-19 pandemic, owing to a remarkable rise in demand for gloves, masks, personal protective equipment, and associated packaging materials. Based on investigations by Frontline, plastic resin production in the U.S. increased by 0.9% compared to COVID-19 restrictions and industry closures. Besides, the strict movement restrictions and social distancing norms resulted in a transformer buyer behavior and caused a massive boom across the e-commerce industry, further pushing the demand for packaging boxes and containers.
 

These trends, in covalence with the adoption of distinctive growth initiatives by premier product manufacturers and rising investments across the construction sector, will boost the industry revenue trajectory over the next ten years.
 

The Injection molded plastics market research report includes in-depth coverage of the industry with estimates & forecasts in terms of volume in kilo tons & in terms of revenue in USD billion from 2018 to 2032 for the following segments:

By Raw Material

• Polystyrene
• HDPE
• ABS
• Polypropylene

By Application

• Building & Construction
• Automotive
• Consumables & Electronics
• Packaging

The above information is provided on a regional and country basis for the following:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Latin America
  • Brazil
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa