According to Allied the latest Market Research report, "2014-2022 global plastic Market opportunities and the forecast of injection moulds, injection mold plastic markets around the world to 2020 output value will reach $162 billion, 2015 and 2020, predict compound annual growth rate of 4.9%.It was not until 2020 that polypropylene PP material is still dominant in the injection mold plastic market.Injection mold plastic market growth came mainly from the packaging.
In the automotive, packaging, electronics and consumer goods, construction, medical treatment and high-tech products such as computer aided engineering and molding automation products) industry growth stimulated demand for injection mold plastic injection mold plastic market expansion.In addition, the low labor costs, waste minimization, fast production and material production capacity at the same time also prompted further market growth.However, fluctuations in the price of crude oil and the high cost of injection mould is also to some extent hindered the development of injection mold plastic market.
In 2014, polypropylene PP as the whole injection mold plastic market contributed 41% of sales.With heat resistance, resistance, quick setup, wear-resisting corrosion resistance and high gloss surface, such as performance, make its dominant in the injection mould of plastic industry.And ABS can be widely used in automobiles, construction, consumer goods and electronics industry, with 6.8% compound annual growth rate is expected to become one of the fastest growing materials.
In 2014-2020, packaging industry is still plastic industry leading.This is mainly due to its use in consumer products, health products and cosmetics is increasing.Among them, because the test tube, cylinder, a pregnancy test paper and surgical blade using continuous increase, such as application of the fastest growing in the field of medical products.
The main conclusion is:
Medical applications is one of the fastest growing sector.
Packaging still is expected to maintain the dominance of application department.
ABS is expected to have the highest sales growth.
Demand for cars and consumer goods industry make PP material, the most market value in particular due to its low cost, easy to shape and heat resistance.
Had the most consumption, North America and Europe in 2014 accounted for nearly 40% of global consumption.
North America and Europe are become the main consumption of plastic industry, because its packaging and automotive industries demand.Is the fastest growing regions in the asia-pacific region, mainly because of its cars, medical, consumer goods, and the development of semiconductor industry prompted the plastic demand rose sharply.In addition, China, Japan and India is the main injection mold plastic industry market consumption and income.
Injection mold plastic market is developing rapidly, in order to remain competitive, it is necessary to continuously improve products.Innovative design, unique and custom make new products or product upgrade more frequently, which makes the application of plastic has said.In addition, the main industry enterprises have also been exploring cooperation or joint venture to a share in high growth markets.Report contains the key to enterprises BASF, Exxon Mobil, Exxon Mobil, DuPont DuPont, Dow Dow Chemical Company, the Basel LyondellBasell, Huntsman Corporation Huntsman Corporation, Eastman Eastman, SABIC SABIC, INEOS INEOS, oil in CNPC.
Source (prnewswire.com)