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2021
Blow Molding Resin Market

Blow Molding Resin Market: Global Opportunity Analysis and Industry Forecast, 2020-2027

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Dec 2021 | 237 Views
   
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COVID-19

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Blow Molding Resin Market Insights and Forecast -2027

Blow molding resin is used in the blow molding process for manufacturing hot tubes. The blow molding process uses thermoplastic-based materials in form of substrates. The blow molding resins are formed by placing the raw material inside a mold cavity and then inflating of the raw material is done with the help of compressed air to give a particular shape and size to the molded cavity. The end product produced from blow molding resins exhibits properties like resistance to chemical, scratch, abrasion, and also imparting high gloss finish. Blow molding resins also offer excellent stiffness and stress-cracking resistance properties which makes them suitable to be used in the production of bottles. blow molding resins find its application in a wide variety of industries like manufacturing bulk containers, toys, electrical and industrial appliances, household items, medical supplies, automotive, and many others.

Scope of the report

Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

Forecast unit

  Value (USD) and Volume (Ton)

  Segments covered

  Type, Technology, Application, and Region

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia Pacific (China, Japan, India, and the Rest of Asia Pacific), LAMEA (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)

  Companies covered

Exxon Mobil, Lyondell basell Industries, Holdings B.V, Dowdupont, Sabic, Ineos Group Holdings S.A, China Petroleum Corporation, Solvay, Eastman Chemical Company, Formosa Plastics Group (FPG), Chevron Corporation, Qenos Pty Ltd, Lanxess, Eastman Chemical Company, Versalis S.P.A, BASF SE, Reliance Industries Limited, Westlake Chemical Corporation


COVID-19 Scenario Analysis

  • Due to the wake of COVID-19 pandemic, the temporary shutdown of components manufacturing industries where blow molding resins were used as a raw material may restrain the growth of the blow molding resins market.
  • In addition, downfall in the automobiles sector may decrease the demand for blow molding resins that are used as a raw material for plastic parts in automobiles.
  • However, owing to its application in medical components the increase in medical supplies due to the COVID-19 pandemic will thrive the growth of the blow molding resins market

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis.

The rise in demand for packaging industries where blow molding resins are predominantly used in manufacturing purposes may thrive the growth of the blow molding resins market. The increase in demand for light vehicles has made blow molding resins based industries witness exponential growth in demand due to their use in manufacturing light-weighted automobile parts. In addition, an increase in demand for bottled food and beverage items will increase the growth of the blow molding resins market owing to their use in the plastic bottle manufacturing process at a very low cost. However, volatility in crude oil prices may restrain the growth of blow molding resins market. Due to its dependency on petroleum for raw material in the production of blow molding resins. In addition, a rise in environmental awareness programs against non-biodegradable products in developed countries like the USA, Australia, Switzerland, and many others may act as a hindrance to the growth of the blow molding resins market. Conversely, technological advancements in polymerization sectors to enhance the properties of resins (like imparting proper strength and toughness) will replace the use of metals with molded resins in different sectors that will create lucrative opportunities for the blow molding resins market during the forecast period.

Key segments covered

Segment

Sub-segment

  By Type

  • Polyethylene
  • Polypropylene
  • Polyvinyl Chloride
  • Polyethylene Terephthalate
  • Others

  By Technology

  • Injection blow molding
  • Extrusion blow molding
  • Stretch blow molding
  • Compound blow molding.

  By Application

  • Packaging
  • Automotive & Transportation
  • Construction & Infrastructure
  • Others

  By Region

  • North America
  • Europe
  • Asia-pacific
  • LAMEA


Key benefits of the report

  • This study presents the analytical depiction of the global blow molding resin market industry along with the current trends and market estimation to determine the imminent investment pockets.
  • The report represents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global blow molding resin market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the blow molding resin market growth scenario.
  • The report provides a detailed market analysis depending on competitive and how the competition will take shape in the coming years.
  • This report helps users in comprehending the key product segments and their future.

Questions answered in the global blow molding resin market research report:

  • What is the CAGR of the blow molding resins market?
  • Which are the leading players active in the global blow molding resin the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What should be the response of the blow molding resin market players amid the COVID-19 pandemic?
  • What are the projections for the future that would help in taking further strategic steps?
  • What is the outlook of the industry?
  • What are the emerging key segments in the blow molding resin market?
  • What are the major changes and assessments in the blow molding resin?
 
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