PUBLISHER: Value Market Research | PRODUCT CODE: 1352844
PUBLISHER: Value Market Research | PRODUCT CODE: 1352844
The global demand for Blow Molding Resins Market is presumed to reach the market size of nearly USD 132.64 BN by 2030 from USD 59.48 BN in 2022 with a CAGR of 9.32% under the study period 2023 - 2030.
Blow molding is a method of producing hollow plastic parts by forming and joining them together. The method is also used to manufacture glass bottles and other hollow shapes. In general, there are three main types of blow molding: extrusion, injection, and injection stretch. Blow molding resins are used for their obvious benefits in improving stiffness and providing stress-resistant characteristics. For this reason, they have become key components in the production of bottles. They also offer other properties such as high load melt strength and scratch resistance with improved gloss.
Major factors, including reduced installation costs, improved operational efficiency domestically, and expansion in the e-commerce industry, would aid in the growth of the blow moulding resins market. The primary growth prospect for the worldwide blow moulding resins market is expanding product demand in the packaging sector. The packaging of personal care items, medical equipment, and household chemicals has extensively used blow moulding resins. But the market's expansion has been impeded by the crude oil price's frequent changes. Regardless, blow moulding resins are widely used in the construction industry in Asia Pacific nations for various purposes, which is expected to drive the market for blow moulding resins as a whole.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of blow molding resins. The growth and trends of blow molding resins industry provide a holistic approach to this study.
This section of the blow molding resins market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Blow Molding Resins market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the blow molding resins market include Exxon Mobil (US), LyondellBasell (Netherlands), DowDuPont (US), SABIC (Saudi Arabia), INEOS (Switzerland), Solvay (Belgium), Formosa Plastics (Taiwan), Chevron (US), Eastman (US), China Petroleum (China), and Reliance Industries (India). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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