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Global Blow Molding Plastics Market
Global blow molding plastics market by product (acrylonitrile butadiene styrene (ABS), polyethylene (PE), polyethylene terephthalate (PET), polypropylene (PP), polystyrene (PS), polyvinyl chloride (PVC), others), by end user (automotive & transportation, building & construction, consumables & electronics, packaging, others), by region (Asia Pacific, Europe, North America, Rest of the World (RoW)), industry snapshot, 2022-2028
Plastics are made from natural materials such as cellulose, coal, natural gas, salt and crude oil through a polymerisation or polycondensation process. Blow moulding plastics is a manufacturing process that uses air blown into a mould cavity to create a hollow component. It is commonly used to make parts for the construction, industrial, automotive, medical and packaging sectors, among others. The global blow molding plastics market market is projected to rise by USD 22 billion by 2028, according to a new report by Gen Consulting Company. It is anticipated to expand at a CAGR of 4.1 percent during the forecast period.
This industry report offers market estimates of the global market, followed by a detailed analysis of the product, end user, and region. The global market data on blow molding plastics can be segmented by product: acrylonitrile butadiene styrene (ABS), polyethylene (PE), polyethylene terephthalate (PET), polypropylene (PP), polystyrene (PS), polyvinyl chloride (PVC), others. The PE segment was the largest contributor to the global blow molding plastics market in 2021. Blow molding plastics market is further segmented by end user: automotive & transportation, building & construction, consumables & electronics, packaging, others. According to the research, the packaging segment had the largest share in the global blow molding plastics market. Based on region, the blow molding plastics market is segmented into: Asia Pacific, Europe, North America, Rest of the World (RoW).
The global blow molding plastics market is highly competitive. The leading players in the ice cream market include BASF SE, Borealis AG, Braskem S.A., China National Coal Group Co. Ltd., China Petroleum & Chemical Corporation (Sinopec), Covestro AG, ExxonMobil Corporation, Formosa Plastics Corporation, INEOS Limited, LyondellBasell Industries N.V., PetroChina Company Limited, Reliance Industries Limited, Saudi Basic Industries Corporation, Shell plc, Sibur Holding PAO, Solvay S.A., Teijin Limited, The Dow Chemical Company, Toray Industries Inc., TotalEnergies SE, Trinseo plc, Wanhua Chemical Group Co. Ltd., Westlake Chemical Corporation.
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