Report Code: A11065 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Blow Molding Resin Market
Request Now !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.
COVID-19 Scenario 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.
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Questions answered in the global blow molding resin market research report:
Blow Molding Resin Market: Global Opportunity Analysis and Industry Forecast, 2020-2027 Report Highlights
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Key Market Players | Ineos Group Holdings S.A, Lyondell basell Industries, Solvay, Lanxess, Versalis S.P.A, Eastman Chemical Company, Sabic, Formosa Plastics Group (FPG), Dowdupont, Westlake Chemical Corporation, Exxon Mobil, BASF SE, Chevron Corporation, China Petroleum Corporation, Qenos Pty Ltd, Holdings B.V, Reliance Industries Limited |
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