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Global Blow Molding Resins Market Report 2018-2022 - High Demand for Blow Molding Resins in Emerging Countries of APAC Creates Lucrative Growth Opportunities - ResearchAndMarkets.com

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03/14/2018 | 07:46pm CEST

The "Blow Molding Resins Market by Type (Polyethylene, Polypropylene, Polyvinyl Chloride, Polyvinyl Terephthalate), Application (Packaging, Automotive & Transportation, Construction & Infrastructure), and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.

The blow molding resins market is estimated at USD 36.67 billion in 2017 projected to reach USD 51.95 billion by 2022, at a CAGR of 7.2% from 2017 to 2022.

The high demand for blow molded products in various applications, such as pharmaceutical, food & beverages, chemical, and personal care is expected drive demand for blow molding resins. Increasing demand for light-weight vehicles is another major factor fueling the demand for blow molded products in the automotive industry, which in turn, is expected to drive the blow molding resins market. However, fluctuations in raw material prices is expected to restrain the growth of the blow molding resins market.

Among types, the polyethylene segment of the blow molding resins market is projected to account for largest share between 2017 and 2022. The high demand for blow molded products in the packaging, automotive, and construction industries is expected to drive the demand for blow molding resins. Blow molding resins are used for the production of bottles, cans, and containers which are used in the pharmaceutical, food & beverages, personal care, and chemical industries.

The Asia Pacific blow molding resins market is projected to grow at the highest CAGR from 2017 to 2022. This high growth of the Asia Pacific blow molding resins market can be primarily attributed to the increased use of blow molding resins in the packaging, automotive & construction, and construction & infrastructure applications. Moreover, the presence of key manufacturers of blow molding resins, coupled with increased demand for blow molding resins from various applications in the region is expected to drive the growth of the Asia Pacific blow molding resins market during the forecast period.

Some of the key companies profiled in this report are Exxon (US), LyondellBasell (Netherlands), DowDuPont (US), SABIC (Saudi Arabia), INEOS (Switzerland), Solvay (Belgium), Formosa Plastics (Taiwan), Chevron (US), Eastman Chemical (US), China Petroleum (China), and Reliance Industries (India).

Market Dynamics

Drivers

  • High Demand for Blow Molding Resins in Packaging Industry
  • Automotive Light-Weighting Driving the Demand for Blow Molding Resins

Restraint

  • Fluctuation in Crude Oil Prices Hampering the Growth of Blow Molding Resins Market

Opportunity

  • High Demand for Blow Molding Resins in Emerging Countries of APAC Creates Lucrative Growth Opportunities

Challenge

  • Weak Economic Conditions in South America

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Blow Molding Resins Market, by Type

7 Blow Molding Resins Market, by Application

8 Blow Molding Resins Market, by Region

9 Competitive Landscape

10 Company Profiles

  • AGC Chemicals Americas Inc.
  • BASF SE
  • Braskem
  • Chevron Corporation
  • China Petroleum Corporation
  • DowDuPont
  • EMS-Chemie Holding AG
  • Eastman Chemical Company
  • Eastman Chemical Company
  • Exxon Mobil
  • Formosa Plastics Group (FPG)
  • Haldia Petrochemicals Limited
  • INEOS Group Holdings S.A.
  • LG Chem
  • Lanxess
  • Lotte Chemical UK Ltd
  • LyondellBasell Industries Holdings B.V.
  • Qenos Pty Ltd
  • Reliance Industries Limited
  • SABIC
  • Shin-Etsu Chemical Co. Ltd
  • Solvay
  • The Chemours Company
  • Versalis S.P.A.
  • Westlake Chemical Corporation

For more information about this report visit https://www.researchandmarkets.com/research/fc2tl2/global_blow?w=4


© Business Wire 2018
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