Blow Molded Plastics Market -Industry News, Applications and Trends!

The Global Blow Molded Plastics Industry is expected to witness significant growth over the forecast period owing to increasing product demand from end-use industries. The Global Blow Molded Plastics Market is expected to reach USD 191.6 billion by 2025, according to a new report by Grand View Research, Inc.

In the past few years, there has been a significant growth in technologies and equipment for manufacturing blow molded plastics, which has enabled manufacturers to cater to specific requirements for several application sectors.

The industry has experienced solid development over the past years. However, several structural issues continue to plague the industry participants present in the entire value chain. Machinery manufacturers also compete heavily with price flections in, as is the case in most other machinery manufacturing industries.

These types of plastics are quickly replacing conventional substances such as glass, wood and engineered plastics in several application segments owing to their lubricity, flexibility, increased strength and stiffness, and various product characteristics (flame-retardant, UV stability, availability in numerous colors, and antioxidant).

This trend is anticipated to drive global market growth over the forecast period. Reduced costs and light weight of plastic compounds further contribute to the rising product demand in various industrial applications, mainly in construction and automotive sectors.

Extrusion blow molded plastics was the largest and the fastest growing technology segment in 2016. The extrusion blow molding technology is a revolutionary form of blow molding process as it has revolutionized the plastic manufacturing sector.

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One of the main advantages of this process is that it enables the manufacturers to increase output along with the efficiency of providing customized products. Moreover, cheaper mold cost compared to other processes makes it a cost-effective technology. Hence, it is expected to be the largest technology segment in the next eight years as it is used to manufacture plastic products for several end-use industries.

Top Players of Blow Molded Plastics Market:

Major resin manufacturers currently operating in the market include Dow Chemical Company, Sabic, ExxonMobil, LyondellBasell and Sinopec.

Market Segmentation of Blow Molded Plastics Market:

The Global Blow Molded Plastics Market segmented on the basis of Technology, Product, and Application.

By Technology:

    Injection blow molding
    Extrusion blow molding
    Stretch blow molding
    Compound blow molding

By Product:

    Polypropylene
    Acrylonitrile butadiene styrene (ABS)
    Polyethylene
    Polystyrene
    PVC
    PET

By Application:

    Packaging
    Consumables & Electronics
    Automotive & Transport
    Building & Construction
    Medical

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