The North America blow molded plastic market size is projected to
reach USD 5.09 billion by 2025, according to a new report by Grand View
Research, Inc., exhibiting a 4.3% CAGR during the forecast period. Blow molding
is a revolutionary form of technology capable of producing various types of
plastic products. It offers multiple methods of production such as extrusion
blow molding. Primary raw materials used in the production of blow molded
plastics include polypropylene (PP), acrylonitrile butadiene styrene,
polyethylene (PE), polystyrene (PS), polyvinyl chloride (PVC), and polyethylene
terephthalate (PET).
Blow molded plastics are rapidly replacing
conventional materials such as wood, glass, and engineered plastics in various
applications due to their flexibility, lubricity, and better strength and
stiffness These plastics are also flame-retardant and have excellent UV
stability and antioxidant properties). These factors are anticipated to drive
the market growth over the forecast period. Increasing demand from the
packaging and automobile industry is expected to be the major factor driving
the product demand over the forecast period. Demand for these products was the
highest in U.S. due to presence of several end-use companies in the region.
Canada also plays a significant role in the
growth of plastic manufacturing industry in North America. In Mexico, the
plastic manufacturing sector is in a developing stage. However, steadily
increasing demand from domestic end-use industries and expanding export
activities have helped increase productivity. These developments in Mexico and
Canada along with their initiatives to attract Foreign Direct Investments
(FDIs) for the manufacturing sectors are expected to add to their local plastic
production.
Access Research Report of North America Blow Molded Plastic
Market @ https://www.grandviewresearch.com/industry-analysis/north-america-blow-molded-plastics-market
Further key findings from the study suggest:
· Automotive industry is one of the fastest
growing end-use industries for blow molded plastics
· With rapid technological developments in
automobile, conventional plastics have been replaced with lightweight,
high-performance materials, which possess properties of both plastic and
rubber. This will drive the marker growth
· Issues such as disposability and
degradation of PET bottles have pushed environmental agencies and governments
to implement stringent regulations and legislations
· Bio-based PET bottles are being
increasingly used as a substitute in carbonated soft drink packaging and their
demand is increasing
· Extrusion blow molded plastics was the
largest segment accounting for 33.3% of the total market size in terms of
revenue in 2016. The segment is expected to increase in the coming years as it
is relatively cheaper than other molding processes
· Increasing focus on reducing vehicle weight
to increase fuel efficiency without compromising product quality is the primary
concern of the automobile manufacturers. Plastics are the main alternatives for
metal components that meet all the quality and safety standards. This is
expected to fuel the product demand in the automobile sector.
Grand View Research has segmented the North
America blow molded plastics market on the basis of basis of technology,
product, application, and region:
North America Blow Molded Plastics Technology
Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
·
Extrusion
·
Injection
·
Stretch
·
Compound
North America Blow Molded Plastics Product
Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
·
Polypropylene (PP)
·
Acrylonitrile butadiene styrene (ABS)
·
Polyethylene (PE)
·
Polystyrene (PS)
·
Polyvinyl Chloride (PVC)
·
Polyethylene Terephthalate (PET)
·
Others
North America Blow Molded Plastics
Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
· Packaging
· Consumables & Electronics
· Automotive & Transport (Automotive blow
molded air ducts and Automotive blow molded turbo ducts)
· Building & Construction
· Medical
· Others
North America Blow Molded Plastics Region
Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
·
North America
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com