Blow Molding Resins Market Forecast - Outline, Growth, Overview, Share, Size and Outlook 2023

Market Segmentation:

Global Blow Molding Resins Market Forecast has been segmented by the Molding Process, Type and End-Use Industry.

In terms of the Molding Process, Global Blow Molding Resins Market has been segmented as extrusion, injection blow molding, and injection stretch blow molding.

In terms of the Type, the market has been segmented as polyethylene, polypropylene, polyethylene terephthalate, acrylonitrile butadiene styrene, polyvinyl chloride, nylon/ polyamides, polycarbonate, and many others.

In terms of the End-Use Industry, the market has been segmented into packaging, automotive, consumer goods, building & construction, electronics, and others.

Key Players:

Some of the Efficient Manufacturers Operational in the Global Blow Molding Resins Market are named as BASF SE (Germany), Eastman Chemical Company (U.S.), LyondellBasell Industries Holdings B.V. (Netherlands), DowDuPont (U.S.), SABIC (Saudi Arabia), Exxon Mobil Corporation (U.S.), Solvay (Belgium), INEOS (Switzerland), China Petrochemical Corporation (China), Formosa Plastics Group (Taiwan), Chevron Corporation (U.S.), Versalis S.p.A. (Italy),  Lanxess (Germany), Reliance Industries Limited (India), and LG Chem (South Korea).

Industry News:

3rd Jule 2019: Milacron Holdings Corp. completes $51M sale of Uniloy blow molding business to two private equity businesses, and Milacron announced the price that is nearly $51.9 million.

Market Drivers & Trends:

The Global Blow Molding Resins Market is chiefly driven by factors such as escalating demand from the packaging industry as these have extreme features such as flexibility, durability, and low cost as well as superior properties of scratch and chemical resistance. As these posses, such immense features, the Blow Molding Resins are extensively used in food packaging & beverage bottling, including bakery products, dry foods, meat & cheese, pet food, snacks, carbonated drinks, and others.

The rising demand for ready-to-eat processed food that has longer perishability owing to the fast-paced lifestyle has amplified the application in the food & beverage packaging, which in turn has augmented the market growth remarkably. Besides, the excessive use of resins in cosmetics & personal care products and health & hygiene packaging for having the properties above is projected to fuel the market growth during the assessment period.

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On the other hand, factors such as increasing use of Blow Molding Resins in making lightweight vehicles is another primary driver of the global market growth. Also, the high demand for light-weight vehicles due to the stringent emission regulations with the concern of environmental health is anticipated to stimulate the product demand over the review period. It has also been studied that the high penetration of blow molding products in primary industries of food & beverage, automotive, consumer goods, and many others have undoubtedly shifted the focus of key players towards market development, which has impacted the market growth incredibly.

However, on the flip side, the unpredictability in the prices of crude oil could be a negative impact on the Global Blow Molding Resins Market growth during the forecast period.

Market Overview:

The Blow Molding Resins Market assures to grow as the most leading market as it has been playing a crucial role in impressing positive impacts on the economy across the world. Market Research Future has published a new report stating that Global Blow Molding Resins Market is proliferating remarkably and will continue with the same pace of growth during the forecast period by 2023.

Blow Molding is considered a process which is done for forming hollow products by mounting a hot plastic mass against the internal surfaces of a mold. Therefore, the products developed by Blow Molding exhibit chemical, scratch, and abrasion resistance along with the high gloss. Due to these factors, the Blow Molding Resins Market is on the verge of exponential expansion over the forecast period.

Regional Outlook:

Global Blow Molding Resins Market is covered across critical regions of Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

The Asia Pacific led the Global Blow Molding Resins Market in 2017 in support of high demand for Blow Molding Resins in major end-use industries such as packaging, automotive, construction, electronics, and others. The high manufacture and sales of lightweight automotive have also been likely to drive the regional market in this region. Also, the rapid urbanization and industrialization, coupled with high per capita income are expected to drive the market growth over the forecast period.

Europe recorded to be the second-largest market in 2017 due to the production and export of lightweight automotive parts. Substantial investments in healthcare also offered a hygienic environment to the citizens, which is another factor driving the demand in this region in the current time.

Whereas, North America is expected to witness considerable growth in support of high demand from the food & beverage packaging industry. Apart from this, the flourishing construction industry, coupled with the high demand for cosmetics & personal care products in the region, is expected to stimulate the market growth to a great extent in the years to come. Moreover, the Latin American market is also expected to grow significantly owing to the mounting automotive, packaging, and cosmetic industry in the region. The Middle East & Africa is possible to nurture substantially due to increasing demand from construction and infrastructural activities in the GCC countries

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Blow Molding Resins Market Share - Growth, Analysis, Size, Global Outlook, Industry Demand, Key Manufacturers and Outlook 2023

Market Research Future Published a Half Cooked Research Report on Global Blow Molding Resins Market Research Report – Forecast to 2023

Key Players:

Some of the Efficient Manufacturers Operational in the Global Blow Molding Resins Market Share are named as BASF SE (Germany), Eastman Chemical Company (U.S.), LyondellBasell Industries Holdings B.V. (Netherlands), DowDuPont (U.S.), SABIC (Saudi Arabia), Exxon Mobil Corporation (U.S.), Solvay (Belgium), INEOS (Switzerland), China Petrochemical Corporation (China), Formosa Plastics Group (Taiwan), Chevron Corporation (U.S.), Versalis S.p.A. (Italy),  Lanxess (Germany), Reliance Industries Limited (India), and LG Chem (South Korea).

Industry News:

3rd Jule 2019: Milacron Holdings Corp. completes $51M sale of Uniloy blow molding business to two private equity businesses, and Milacron announced the price that is nearly $51.9 million.

Market Segmentation:

Global Blow Molding Resins Market has been segmented by the Molding Process, Type and End-Use Industry.

In terms of the Molding Process, Global Blow Molding Resins Market has been segmented as extrusion, injection blow molding, and injection stretch blow molding.

In terms of the Type, the market has been segmented as polyethylene, polypropylene, polyethylene terephthalate, acrylonitrile butadiene styrene, polyvinyl chloride, nylon/ polyamides, polycarbonate, and many others.

In terms of the End-Use Industry, the market has been segmented into packaging, automotive, consumer goods, building & construction, electronics, and others.

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Market Overview:

The Blow Molding Resins Market assures to grow as the most leading market as it has been playing a crucial role in impressing positive impacts on the economy across the world. Market Research Future has published a new report stating that Global Blow Molding Resins Market is proliferating remarkably and will continue with the same pace of growth during the forecast period by 2023.

Blow Molding is considered a process which is done for forming hollow products by mounting a hot plastic mass against the internal surfaces of a mold. Therefore, the products developed by Blow Molding exhibit chemical, scratch, and abrasion resistance along with the high gloss. Due to these factors, the Blow Molding Resins Market is on the verge of exponential expansion over the forecast period. 

Market Drivers & Trends:

The Global Blow Molding Resins Market is chiefly driven by factors such as escalating demand from the packaging industry as these have extreme features such as flexibility, durability, and low cost as well as superior properties of scratch and chemical resistance. As these posses, such immense features, the Blow Molding Resins are extensively used in food packaging & beverage bottling, including bakery products, dry foods, meat & cheese, pet food, snacks, carbonated drinks, and others.

The rising demand for ready-to-eat processed food that has longer perishability owing to the fast-paced lifestyle has amplified the application in the food & beverage packaging, which in turn has augmented the market growth remarkably. Besides, the excessive use of resins in cosmetics & personal care products and health & hygiene packaging for having the properties above is projected to fuel the market growth during the assessment period.

On the other hand, factors such as increasing use of Blow Molding Resins in making lightweight vehicles is another primary driver of the global market growth. Also, the high demand for light-weight vehicles due to the stringent emission regulations with the concern of environmental health is anticipated to stimulate the product demand over the review period. It has also been studied that the high penetration of blow molding products in primary industries of food & beverage, automotive, consumer goods, and many others have undoubtedly shifted the focus of key players towards market development, which has impacted the market growth incredibly.

However, on the flip side, the unpredictability in the prices of crude oil could be a negative impact on the Global Blow Molding Resins Market growth during the forecast period.

Browse Key Industry Insights spread across 100 pages with 47 market data tables & 12 figures & charts from the report, “Blow Molding Resins Market Information: By Molding Process (Extrusion, Injection Blow Molding), Type (PE, PP, PET, ABS, PC, and Others), End-Use Industry (Packaging, Automotive, Consumer Goods, and Others) and Region – Growth Potential, Price Trends, Competitive Market Share & Forecast 2023” in detail along with the table of contents: https://www.marketresearchfuture.com/reports/blow-molding-resins-market-6127 

Regional Outlook:

Global Blow Molding Resins Market is covered across critical regions of Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

The Asia Pacific led the Global Blow Molding Resins Market in 2017 in support of high demand for Blow Molding Resins in major end-use industries such as packaging, automotive, construction, electronics, and others. The high manufacture and sales of lightweight automotive have also been likely to drive the regional market in this region. Also, the rapid urbanization and industrialization, coupled with high per capita income are expected to drive the market growth over the forecast period.

Europe recorded to be the second-largest market in 2017 due to the production and export of lightweight automotive parts. Substantial investments in healthcare also offered a hygienic environment to the citizens, which is another factor driving the demand in this region in the current time.

Whereas, North America is expected to witness considerable growth in support of high demand from the food & beverage packaging industry. Apart from this, the flourishing construction industry, coupled with the high demand for cosmetics & personal care products in the region, is expected to stimulate the market growth to a great extent in the years to come. Moreover, the Latin American market is also expected to grow significantly owing to the mounting automotive, packaging, and cosmetic industry in the region. The Middle East & Africa is possible to nurture substantially due to increasing demand from construction and infrastructural activities in the GCC countries.

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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Blow Molding Resins Market 2020 - Growth, Application, Driver, Trends, Size, Share, and Forecasts by 2023

Market Research Future Has Published a Half-Cooked Research Report on the Global Blow Molding Resins Market - Forecast to 2023

Market Analysis:

The Global Blow Molding Resins Market is anticipated to grow at a healthy CAGR between 2018-2023, states the latest Market Research Future (MRFR) report. Blow molding, simply put, is a process to make hollow products by expanding plastic portions against the mold’s inner surface by using resins. Products created through this process exhibit abrasion, scratch, and chemical resistance together with high gloss. It has extensive applications in the construction, packaging, and automotive industries.

Various factors are propelling the Blow Molding Resins Market Growth. Such factors, as per the latest Market Research Future report, include growing demand for making lightweight vehicles for strict emission regulations about environment health, excessive use in health and hygiene packaging, and cosmetics & personal care products, increasing demand for processed food that are ready-to-eat with longer perishability owing to the fast-paced lifestyle, and growing demand from the packaging industry owing to their low cost, durability, and flexibility as well as superior characteristics of chemical and scratch resistance.

On the contrary, fluctuations in the price of crude oil may deter the Blow Molding Resins Market growth during the forecast period.

Key Players:

Notable Players Profiled in the Blow Molding Resins Market Report include BASF SE, Eastman Chemical Company, LyondellBasell Industrial Holdings BV, DowDuPont, SABIC, ExxonMobil Corporation, Solvay, INEOS, China Petrochemical Corporation, Formosa Plastics Group, Chevron Corporation, Versalis SpA, Lanxess, Reliance Industries Ltd., and LG Chem.

Industry News:

November 2019: SONGWON has joined hands with Uniwel to Augment PVC stabilizer business.

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Market Segmentation:

The Market Research Future report provides an all-inclusive segmental analysis of the Blow Molding Resins Market on the basis of End Use Industry, Type, and Molding Process.

By Molding Process, the Blow Molding Resins Market is segmented into injection stretch blow molding, injection blow molding, and extrusion.

By Type, the Global Blow Molding Resins Market is segmented into polycarbonate, acrylonitrile butadiene styrene, polyethylene terephthalate, polypropylene, polyethylene, nylon/polyamides, polyvinyl chloride, and others. Of these, the polyethylene segment will lead the market during the forecast period for its excellent properties, including excellent rigidity, high load melt strength, environmental stress cracking resistance, and high stiffness.

By End Use Industry, the Blow Molding Resins Market is segmented into electronics, building and construction, consumer goods, automotive, packaging, and others. Of these, packaging will dominate the market during the forecast period for its growing demand, especially for packaging products, which can be used efficiently at low costs.

Regional Analysis:

By Region, the Blow Molding Resins Market Report covers the latest trends and growth opportunities across the Asia Pacific (APAC), Europe, Latin America, North America, and the Middle East and Africa (MEA). Of these, the APAC region will spearhead the market during the forecast period. Various factors propelling the growth of the Blow Molding Resins Market in the region include burgeoning demand from different end use industries including consumer goods, automotive, packaging, and others, growing industrialization and urbanization, increasing demand from the e-commerce sector, high per capita income, and the increasing demand from the automotive as well as packaged foods and beverages sector.

The Blow Molding Resins Market in Europe will have the second-largest share during the forecast period. Various factors propelling the growth of the Blow Molding Resins Market in the region include the growing demand from the automotive industry for lightweight automobile production coupled with heavy investments in healthcare.

The Blow Molding Resins Market in North America will have a considerable growth during the forecast period. Various factors propelling the growth of the Blow Molding Resins Market in the region include burgeoning demand from the food and beverage packaging industry, booming construction industry, and growing demand for cosmetics and personal care products.

The Blow Molding Resins Market in Latin America will have significant growth during the forecast period for the growing cosmetic, packaging, and automotive industry in this region.

The Blow Molding Resins Market in the MEA will have substantial growth during the forecast period for the surplus demand from the infrastructural and construction activities in the GCC countries.

Browse Key Industry Insights spread across 100 pages with 47 market data tables & 12 figures & charts from the report, “Blow Molding Resins Market Information: By Molding Process (Extrusion, Injection Blow Molding), Type (PE, PP, PET, ABS, PC, and Others), End-Use Industry (Packaging, Automotive, Consumer Goods, and Others) and Region – Growth Potential, Price Trends, Competitive Market Share & Forecast 2023” in detail along with the table of contents: https://www.marketresearchfuture.com/reports/blow-molding-resins-market-6127        

                                                                    

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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Blow Molding Resins Market Trends 2019, Segmentation, SWOT Analysis, Opportunities and Forecast To 2023

Market Analysis:

The Global Blow Molding Resins Market is eyeing for a strong growth at a prodigious CAGR over the predicted years (2018-2023). Blow Molding is utilized in the blow molding process. It is a process to form hollow products via expanding the parts made of plastic against the mold’s internal surface with the use of resins. Thus, the products that are developed have abrasion, scratch and chemical resistance and high gloss. Besides the products that are blow molded exhibit rigidity, high load melt strength, resistance to environmental stress cracking and stiffness. These alluring properties will improve the utilization of resin for the blow molding applications. This process is largely employed in the construction, automotive and packaging industry. It is used in the production of containers, cans and bottles which are utilized in chemical industries, personal care, food and beverages and pharmaceutical industries.

There are many factors that is driving the growth of the Blow Molding Resins Market. Some of these factors as per the Market Research Future (MRFR) report include growth in packaging industry, demand for vehicles that are lightweight, rapid industrialization and increasing use in personal care products and cosmetics and bottling and food packaging industry. On the other hand, factors such as volatility in raw material and crude oil prices coupled with rising concerns for pollution concerning disposal of such products may restrict the growth of the Blow Molding Resins Market over the predicted years.

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Competitive Analysis:

The Global Blow Molding Resins Market is competitive and highly fragmented with the key players adopting various strategies namely acquisitions, partnerships, joint ventures, agreements, expansions, new product launches and others to boost up their footprint in the Blow Molding Resins Market.

Key Players:

Leading players profiled in the Blow Molding Resins Market include LG Chem (South Korea), Reliance Industries Limited (India), Lanxess (Germany), Versalis S.p.A. (Italy), Chevron Corporation (U.S.), Formosa Plastics Group (Taiwan), China Petrochemical Corporation (China), INEOS (Switzerland), Solvay (Belgium), Exxon Mobil Corporation (U.S.), SABIC (Saudi Arabia), DowDuPont (U.S.), LyondellBasell Industries Holdings B.V. (Netherlands), Eastman Chemical Company (U.S.), and BASF SE (Germany).

Aug 2018 - ContiTech A.G. lately has broadened its footprint by opening a 3D blow molding plant worth 11.7 million dollars. This plant is chiefly dedicated for producing 3D blow molded hoses that are used in turbochargers of high performance for automobile makers. By adopting this technology, the company is expecting to reduce pollution emissions during production, catering the requirements for both sustainable liquidity as well as augmenting the production materials’ utilization rate. With this 3D technology, automobile parts manufacturers can shorten the supply chain, augment the production efficiency as well as finally cater the requirements of automobile makers for speedy production and iteration.

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Market Segmentation:

Market Research Future report offers an all-inclusive segmental analysis of the Blow Molding Resins Market on the basis of Molding Process, Type and End-Use Industry.

Based on Molding Process, it is segmented into injection stretch blow molding, injection blow molding and extrusion. Of these, extrusion will have the maximum market share over the predicted years.

Based on Type, the Blow Molding Resins Market is segmented into polycarbonate, nylon/polyamides, polyvinyl chloride, acrylonitrile butadiene styrene, polyethylene terephthalate, polypropylene and polyethylene. Of these, polyethylene will dominate the market owing to its use in an array of products resting on its density.

Based on End-Use Industry, it is segmented into electronics, building and construction, consumer goods, automotive and packaging. Of these, packaging will have maximum share in the Blow Molding Resins Market.

Regional Analysis:

Based on Region, the Blow Molding Resins Market covers growth opportunities and latest trends across Asia Pacific, North America, Europe and Middle East and Africa. Of these, APAC is likely to have lucrative share owing to increasing need for blow molding resins from the leading end-use industries namely electronics, construction, automotive, packaging and others. The Blow Molding Resins Market in Europe holds the second largest share due to the production of lightweight automotive parts and its export in this region. The Blow Molding Resins Market in North America is anticipated to see a considerable growth owing to soaring demand from food and beverage packaging industry.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Blow Molding Resins Market | Research Insights, Business Outlook, Company Profiles, Trends and Forecast 2019-2023

Geographically, the Global Blow Molding Resins Market is segmented into five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Asia Pacific accounted for major market share in 2017 owing to the growing demand for Blow Molding Resins from end-use industries such as packaging, automotive, consumer goods, building & construction, and others. The changing lifestyle trend coupled with the high disposable income is expected to fuel the demand for processed food, which, in turn, may boost the demand for Blow Molding Resins. Also, the increasing demand for cosmetics & personal care products and hygienic products is likely to augment the market growth due to the increasing health awareness.

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Furthermore, the high demand for lightweight and efficient automotive owing to the environmental protection regulations such as Bharat Stage Environment Standards (BSES) and Chinese State Environment Protection (SEPA) is likely to fuel the market growth. Japan, China, and India are the major contributors with high production and sales of automotive. Rapid urbanization and industrialization in the region are driving the construction sector, which, in turn, propels the product demand. The electronics industry in Japan, China, and India is another factor propelling the market growth. The use of mobiles, television, gaming devices, laptops, and others along with initiatives such as Digital India is likely to fuel the product demand in the electronics industry. According to the National Investment Promotion and Facilitation Agency, the Indian electronics market is nearly 75% imports driven, and the government has envisioned a target of “Net Zero Imports” by 2020, which is expected to boost the Blow Molding Resins demand in the manufacturing of electronics.

Europe was the second largest region in the global market in 2017 owing to the high production and sales of automotive parts in Western European countries such as Russia, the U.K, Italy, Germany, and others. Stringent environment protection regulations by EU are an added advantage, which increases the product demand further. Additionally, the investments for providing safe and hygienic health environment propels the demand for blow resins. Technological advancements such as the development of a single-stage injection-stretch blow-molding machine in Germany is likely to bring opportunities to the region.

North America is expected to witness a significant growth on account of the high penetration of the blow resins in food & packaging industry. The flourishing construction and the cosmetic industries are driving the North American regional market.

The growing automotive industry in Latin America is expected to fuel the demand for Blow Molding Resins during the forecast period.

The infrastructural hub located in the GCC countries is likely to fuel the demand for Blow Molding Resins and drive the Middle East and African market.

Key Players:

Some of the manufacturers operating in the Global Blow Molding Resins Market are BASF SE (Germany), Eastman Chemical Company (U.S.), LyondellBasell Industries Holdings B.V. (Netherlands), DowDuPont (U.S.), SABIC (Saudi Arabia), Exxon Mobil Corporation (U.S.), Solvay (Belgium), INEOS (Switzerland), China Petrochemical Corporation (China), Formosa Plastics Group (Taiwan), Chevron Corporation (U.S.), Versalis S.p.A. (Italy),  Lanxess (Germany), Reliance Industries Limited (India), and LG Chem (South Korea).

Segmentation:

The Global Blow Molding Resins Market is segmented on the basis of the Molding Process, Type, End-Use Industry and Region.

On the Basis of the Molding Process, the Global Blow Molding Resins Market is segmented into extrusion, injection blow molding, and injection stretch blow molding.

Based on the Type, the market is segmented into polyethylene, polypropylene, polyethylene terephthalate, acrylonitrile butadiene styrene, polyvinyl chloride, nylon/ polyamides, polycarbonate, and others.

On the Basis of the End-Use Industry, the market is segmented into packaging, automotive, consumer goods, building & construction, electronics, and others.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Blow Molding Resins Market Business Overview, Challenges, Opportunities, Trends and Market Analysis by 2023

Market Synopsis:

The Global Blow Molding Resins Market is segmented by a Molding Process, Type, End-Use Industry and Region.

On the basis of the Molding Process, the market is segmented into extrusion, injection blow molding, and injection stretch blow molding. Among these processes, the extrusion has primarily used the technique to produce a large variety of hollow parts or objects with thin walls. This can be attributed to the low tool and die cost, fast production rates, and its capability of manufacturing different types of plastic products with different shapes, sizes, and neck openings. Products of different shapes such as T-section, U-section, L-section, square, and circular section can be produced by employing this technique. Bottles, industrial parts, automotive parts, watering cans, toys, appliance components are some of the products manufactured through extrusion. Injection blow molding is expected to be the fastest emerging as it enables the production in shorter time, although it is highly expensive and consumes a lot of space.

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A broad range of resins is available in the market such as polyethylene, polypropylene, polyethylene terephthalate, acrylonitrile butadiene styrene, polyvinyl chloride, nylon/ polyamides, polycarbonate, and others. The polyethylene is the dominating the market due to its use in a wide range of products, depending upon its density. HDPE is used for shampoo and motor oil containers, fuel tanks, industrial drums, and others. It is chemically inert, translucent, easily colored, recyclable, and molder-friendly. With the same properties, LDPE is used for plastic bags, squeeze bottles, among others. The demand for PET is mainly driven by its use in bottling applications for mineral water and other beverages. Moreover, recent R&D for a bio-based PET is likely to offer substantial opportunities in the global market.

The use of ABS in automotive decreases the overall weight of the vehicle by 10%, which is the major factor propelling the product demand. On the other hand, polypropylene has lower density and is usually used in elevated temperature for medical parts that need autoclave sterilization, which is expected to boost the product demand over the review period.

Among the End-Use Industry Segment, the packaging is leading the Global Blow Molding Resins Market. The shifting trend towards the usage of plastic products instead of conventional materials such as wood and metal for packaging is likely to fuel the demand over the forecast period. This is primarily due to their recyclability and biodegradability, which is one of the major concerns. The rise in trade of lightweight and durable automotive and consumer electronics is expected to fuel the product demand during the review period.

Competitive Analysis:

Some of the manufacturers operating in the Global Blow Molding Resins Market are BASF SE (Germany), Eastman Chemical Company (U.S.), LyondellBasell Industries Holdings B.V. (Netherlands), DowDuPont (U.S.), SABIC (Saudi Arabia), Exxon Mobil Corporation (U.S.), Solvay (Belgium), INEOS (Switzerland), China Petrochemical Corporation (China), Formosa Plastics Group (Taiwan), Chevron Corporation (U.S.), Versalis S.p.A. (Italy),  Lanxess (Germany), Reliance Industries Limited (India), and LG Chem (South Korea).

Regional Analysis:

Regionally, the Global Blow Molding Resins Market is segmented into five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Asia Pacific dominated the Global Blow Molding Resins Market in 2017 on account of the high demand for blow molding resins from major end-use industries such as packaging, automotive, construction, electronics, and others.

Europe accounted for the second largest market share in 2017 owing to the production and exportation of lightweight automotive parts in the region.

North America is expected to witness a considerable growth due to high demand from the food & beverage packaging industry.

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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Blow Molding Resins Market 2018 | Challenges, Key Players, Industry Segments, Opportunities, Forecast Report 2023

The Global Blow Molding Resins Market is segmented by a Molding Process, Type, End-Use Industry and Region. 

On the Basis of the Molding Process, the market is segmented into extrusion, injection blow molding, and injection stretch blow molding. Among these processes, the extrusion has primarily used the technique to produce a large variety of hollow parts or objects with thin walls. This can be attributed to the low tool and die cost, fast production rates, and its capability of manufacturing different types of plastic products with different shapes, sizes, and neck openings. Products of different shapes such as T-section, U-section, L-section, square, and circular section can be produced by employing this technique. Bottles, industrial parts, automotive parts, watering cans, toys, appliance components are some of the products manufactured through extrusion. Injection blow molding is expected to be the fastest emerging as it enables the production in shorter time, although it is highly expensive and consumes a lot of space. 

A broad range of resins is available in the market such as polyethylene, polypropylene, polyethylene terephthalate, acrylonitrile butadiene styrene, polyvinyl chloride, nylon/ polyamides, polycarbonate, and others. The polyethylene is the dominating the market due to its use in a wide range of products, depending upon its density. HDPE is used for shampoo and motor oil containers, fuel tanks, industrial drums, and others. It is chemically inert, translucent, easily colored, recyclable, and molder-friendly. With the same properties, LDPE is used for plastic bags, squeeze bottles, among others. The demand for PET is mainly driven by its use in bottling applications for mineral water and other beverages. Moreover, recent R&D for a bio-based PET is likely to offer substantial opportunities in the global market. The use of ABS in automotive decreases the overall weight of the vehicle by 10%, which is the major factor propelling the product demand. On the other hand, polypropylene has lower density and is usually used in elevated temperature for medical parts that need autoclave sterilization, which is expected to boost the product demand over the review period. 

Among the End-Use Industry Segment, the packaging is leading the Global Blow Molding Resins Market. The shifting trend towards the usage of plastic products instead of conventional materials such as wood and metal for packaging is likely to fuel the demand over the forecast period. This is primarily due to their recyclability and biodegradability, which is one of the major concerns. The rise in trade of lightweight and durable automotive and consumer electronics is expected to fuel the product demand during the review period. 

Competitive Analysis 
Some of the manufacturers operating in the Global Blow Molding Resins Market are BASF SE (Germany), Eastman Chemical Company (U.S.), LyondellBasell Industries Holdings B.V. (Netherlands), DowDuPont (U.S.), SABIC (Saudi Arabia), Exxon Mobil Corporation (U.S.), Solvay (Belgium), INEOS (Switzerland), China Petrochemical Corporation (China), Formosa Plastics Group (Taiwan), Chevron Corporation (U.S.), Versalis S.p.A. (Italy),  Lanxess (Germany), Reliance Industries Limited (India), and LG Chem (South Korea). 

Regional Analysis 
Regionally, the Global Blow Molding Resins Market is segmented into five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Asia Pacific dominated the Global Blow Molding Resins Market in 2017 on account of the high demand for blow molding resins from major end-use industries such as packaging, automotive, construction, electronics, and others.

Europe accounted for the second largest market share in 2017 owing to the production and exportation of lightweight automotive parts in the region.

North America is expected to witness a considerable growth due to high demand from the food & beverage packaging industry. 

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