What is Blow Molding Resins Market?
Blow molding is the fast, and cost-effective way to manufacture hollow plastic products and packaging. It fills a heated plastic cylinder with air, causing the plastic to expand like a balloon and evenly fill a shaped mold. Blow molding is used to form a glass bottles or other hollow shapes. In addition, it is used in applications such as cosmetics, skin care, and hair care products. It uses materials such as polyethylene, polypropylene, nylon, and PET.
The market study is being classified by Type (Polyethylene, Polypropylene, Polyvinyl Chloride, Polyethylene Terephthalate and Others), by Application (Packaging, Automotive & Transportation, Construction & Infrastructure and Others) and major geographies with country level break-up.
Exxon Mobil (United States), LyondellBasell (Netherlands), DowDuPont (United States), SABIC (Saudi Arabia), INEOS (Switzerland), Solvay (Belgium), Formosa Plastics (Taiwan), Chevron (United States), Eastman (United States), China Petroleum (China) and Reliance Industries (India) are some of the key players profiled in the study.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that (United States) Vendors will contribute to the maximum growth of Global Blow Molding Resins market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Blow Molding Resins market by Type, Application and Region.
On the basis of geography, the market of Blow Molding Resins has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising Demand of Blow Molding Resins in Packaging Industry
- Low Cost Coupled with Superior Properties of Scratch and Chemical Resistance
Market Trend
- Penetration of Blow Molding Agents in End Use Industries
Restraints
- Fluctuating Prices of War Materials May Hamper the Market Growth
Opportunities
- Demand of Lightweight Materials for Blow Molding
- Increasing Demand of Blow Molding in Emerging Economies
Challenges
Key Target Audience
Manufacturers, Raw material suppliers, Government associations, Research organisations and Others
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