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Transparency Market Research, New York: A host of factors is supporting growth in the global injection molded plastics market, taking it on a higher growth trajectory over the forecast period of 2019 to 2027. This includes anticipated growth in demand for rigid packaging, automotive and transportation.
“Over the forecast period of 2019 to 2027, the global injection molded plastics market will grow at a CAGR of more than 5%. This is set to pull the market worth up from ~USD 250 billion in the year of 2018 to about USD 410 billion by 2027”, notes Transparency Market Research.
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The vendor landscape of global injections molded plastics market is fragmented to a high degree and this is majorly attributable to presence of a multitude of players – big and small. Some of the most notable names in this market are BASF SE, Dow Chemicals, DuPont, LyondellBasell, SABIC, Huntsman International, Exxon Mobil Corporation, and Ineous, among others. These are covered in the market report prepared by Transparency Market Research. The report also covers other aspects of the competitors’ landscape such as financials, key strategies, and product information.
It is pertinent to note here that as far as key strategies for growth are concerned, automation holds a prominent place and so does development of materials that pose fewer burdens on the environment.
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