Exhibiting Modest Growth, Molded Plastics Market to Exceed 124 Million Tons by 2010, According to New Report by Global Industry Analysts, Inc.
World molded plastics market is forecast to wax at a modest pace to cross 124 million tons by 2010. Asia-Pacific represents the fastest growing market, with a CAGR of 7% over the next five years. Europe represents the largest market, with a volume consumption of about 30 million tons in 2006.
San Jose, California (PRWEB) July 9, 2007 -- A new report on molded plastics has been released by Global Industry Analysts, Inc. "Molded Plastics: A Global Strategic Business Report" presents detailed analyses and industry trends. The report provides market forecasts by molded HDPE, molded LDPE, molded LLDPE, molded polypropylene, molded polystyrene, and molded PVC segments for all the major markets including the US, Canada, Japan, Europe (France, Germany, Italy, The UK, Spain, Russia, and Rest of Europe), Asia-Pacific, Middle East, and Latin America. Also included in the report are mergers & acquisitions, alliances, and other strategic industry activities.
Molded plastics, constituting a major segment of plastics market, find diverse end-use applications with packaging being the largest one. Primary types of molded plastics include high-density polyethylene (HDPE), low-density polyethylene (LDPE), linear low-density polyethylene (LLDPE), polystyrene (PS), polyvinyl chloride (PVC), polypropylene (PP), PET resins, and others. Molded plastics are also used in fibers and filaments end-use sector comprising nonwovens, face yarn, multifilament and monofilament fibers. Molded LLDPE market, the fastest growing in the molded plastics market, is forecast to reach 17 million tons by the end of 2010. Molded PVC market represents the largest, with volume sales estimated at 22 million tons in 2006. Molded polypropylene market and molded LDPE market represent the other major segments in the global molded plastics market, accounting for 20% and 15% respectively.
Overall economy and specific economic conditions represent the determining growth factors for the molded plastics market. Best opportunities in terms of consumption are expected in the Asia-Pacific region, particularly in China, South Korea and Taiwan. The growth in these markets will reflect rapid industrialization and a burgeoning consumer economy. The demand in Latin America and Middle East regions is expected to increase at an above-average pace signified by improvements in the standard of living.
Major end-use for both LDPE and LLDPE resins is the direct film segment that accounts for over 60% of sales. Similarly, major end-use sectors of HDPE resins are blow molding and injection molding comprising mainly of films and pipes. Major end-use sector for PP is injection-molding that includes rigid packaging, appliances, transportation and consumer products. The end-use markets for PS include media enclosures, food service, appliances, and sales to resellers and compounders. Similarly, for PVC, major end-use applications include pipes, flooring, paste processes, molding, PVC siding, film and sheet, and coatings applications. PET resins find application in producing bottles for detergents, beverages and other products due to the product's high transparency and clarity.
Consolidation trend has become stronger in the plastics industry, driven primarily by pricing pressure, which in turn is a result of intense competition. Competition and pricing pressures have driven companies to consolidate in order to achieve economies of scale and leverage their resources for competitive pricing. The trend has forced smaller companies to either quit the market or merge with large players. Key players dominating the global molded plastics market include ABC Group, Ameri-Kart, Basell, BASF AG, Chevron Phillips Chemical Company LLC, DuPont (EI) de Nemours Co, Eastman Chemical Company, Exxon Mobil Corporation, Ineos, Lyondell, Rexam Plc, SABIC, Solvay, Total Petrochemicals USA, Inc., and Total S.A, among others.
For more details about this research report, please visit www.strategyr.com/MCP-2102.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Web Site www.StrategyR.com
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