Global Injection Molded Plastics (IMP) Market, Size, Share, Analysis Report & Forecast to 2026


Posted October 12, 2021 by alfahadkhan2510

The global IMP market is anticipated to grow at a CAGR of around 4.5% during the forecast period (2021-2027).

 
The global IMP market is anticipated to grow at a CAGR of around 4.5% during the forecast period (2021-2027). IMP is a process in which molded products are formed by injecting molten plastic into the mold, and then cooling and solidifying them. The increasing application of IMP in various end-user industries such as automotive, consumer goods & electronics, packaging, building & construction, healthcare, and others is the major factor driving the growth of the market. Among these, the use of IMP in the packaging industry is high. Injection molding plastic in the packaging industry is used for making various types of plastic components, food packages, closures, and containers for various types of cosmetics products. Whereas the adoption of injection molding in automotive and electronics industries due to properties such as low-cost, corrosion resistance, easy-to-mold, non-conductive, flexible, among others is gaining popularity, hence accelerating the market growth. Some of the major polymers used in injection molding are polypropylene, low-density polyethylene, high-density polyethylene, polycarbonate, polystyrene, polyvinyl chloride, polyurethane, and others. The environmental concern associated with the degradation of these polymers is the major challenge that may hamper the adoption of these products in plastic manufacturing industries.

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The global IMP market is bifurcated into raw material and application. Based on raw material, the global IMP market is further categorized into polypropylene, acrylonitrile butadiene styrene (ABS), high-density polyethylene (HDPE), polystyrene, and others. Among these sub-segments, polypropylene is the leading segment and dominated the market in 2020, it is estimated that it will further maintain its dominance by accounting largest share in the market during the forecast period. Polypropylene is the raw material having its major use in automotive components, household components, food packaging, electrical industries, owing to the properties such as electrical insulation, corrosion resistance, easy-to-mold nature, cost-effective, and other properties possessed by it. Based on application, the market is segregated into automobile, consumer goods & electronics, packaging, building & construction, healthcare, and others(agriculture). Among these, the packaging segment is anticipated to hold the largest share in the market during the forecast period owing to the increasing demand from industrial and consumer packaging industries.

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Moreover, the innovations in technologies such as injection molding with pressurized gas assistance, structural foam, thin-wall injection molding, and multi-component methods for better designing of products to reduce cost and waste material will create lucrative opportunities in the market during the forecast period. Besides, the development of engineered resins for making IMP a standard option for making better plastic designs may also bring new opportunities to the market. furthermore, the high cost of IMP and the presence of alternatives such as blow molding are the factors that may restrain the market growth during the forecast period.

Global Injection Molded Plastics (IMP) Market – Segmentation
by Raw Material
Polypropylene
Acrylonitrile Butadiene Styrene (ABS)
High Density Polyethylene (HDPE)
Polystyrene
Others
by Application
Automobile
Consumer Goods & Electronics
Packaging
Building & Construction
Healthcare
Others(Agriculture)

Global Injection Molded Plastics (IMP) Market – Segmentation by Region 
North America 
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific 
China
Japan
India
Rest of Asia-Pacific
Rest of the World

Company Profiles
Autronic Plastics, Inc.
BASF SE
CNPC
Costal Plastic Molding, Inc.
DuPont de Nemours, Inc
Eastman Chemical Co.
Exxon Mobil Corp
HTI Plastics (PCE, Inc.)
Huntsman Corp.
INEOS Group Ltd.
Lyondellbasell Industries N.V.
Magna International Inc.
Murray Plastics Inc.
Saudi Basic Industries Corp.
The Dow Chemical Co.
UPM, Inc.

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Issued By Alfahad khan
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Tags Global Injection Molded Plastics (IMP) Market
Last Updated October 12, 2021