Albany, NY -- (SBWIRE) -- 04/14/2021 -- Injection Molded Plastics Market: Growing Demand in Various End-use Industries at Global Level
Injection molding is a very wide term which involves process of molding metals, ceramics, plastics and some other compounds. Injection molding is commonly associated with plastics. There are several other molding techniques by which plastics are molded; some of them include blow molding and extrusion. But, injection molding is the most widely used molding technique used for plastics globally. Injection is the leading manufacturing process used for molded plastics accounting for close to 50% of all the molded plastics in 2018

Request PDF Brochure :https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=634

Increasing in demand for plastic components from various end-use industries such as packaging, consumer goods and electronics, automotive and medical devices is anticipated to drive the growth
Companies are also focusing injection molding innovations to minimalize the rate of faulty production which has created a significant impact towards the demand of injection molded plastic components at global level

Request For Discount :https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=634

Packaging Segment Continued To Be Dominant Application:

On the basis of application, the global injection molded plastics market is bifurcated into packaging, consumables & electronics, automotive & transportation, building & construction and others. Among them, the packaging segment held the leading share of the market in 2018, expanding at a CAGR of more than 5% during the forecast period. However, consumables & electronics is expected to exhibit significant CAGR of more than 6% between 2019 and 2027. The growth of global houseware and electronics market due to growing disposables is expected to drive the market. The steady growth of the global houseware market also ensures a continuous growth for the global injection molded plastics in the years to come

Another market which is driving the global injection molded plastics market is the personal care market. Personal care include products like toothbrushes, hair combs, wastebaskets, laundry baskets and many such products which require specific shape and design imparted by injection molding. Polypropylene accounted close to 70% of all injection molded plastics used in house ware and personal care products. The growth of house ware and personal care market is directly proportional to the increasing disposable incomes, especially in BRIC countries

Request For Custom Research
https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=634

Raw Material Insights

Polypropylene is the most widely used polymer material for the production of injection molded plastics owing to its properties of being light weight with superior flexibility. Polypropylene held dominant share of more than 30% in 2018 and is likely to remain prominent raw material between 2019 and 2027
The growth of the consumer goods and electronics industry is expected to boost the polypropylene market
After polypropylene ABS was the leading raw material for injection molded plastics in 2018

http://www.sbwire.com/press-releases/global-sodium-silicate-market/release-1331836.htm

About Transparency Market Research
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.