July 07, 2022 14:15 ET | Source: Straits Research Straits Research

New York, United States, July 07, 2022 (GLOBE NEWSWIRE) -- Blow molding is the processing of the thermoplastics into complex hollow objects. The process involves the use of heat, air pressure, and water. The process principle comes from the idea of glassblowing. Enoch Ferngren and William Kopitke produced a blow molding machine which was sold to Hartford Empire Company in 1938. Increasing demand, globally, for plastics as raw material and components of various manufacturing industries like packaging, consumables, electronics, construction, medicine, etc., are leading to the growth of the blow molded plastic market.

Asia-Pacific is the largest producer and consumer of automobiles, consumer goods, and packaging materials that pave the way for the Blow Molded Plastic Market in the region. Asia-Pacific is also one of the largest consumers and producers of electronic products such as equipment, wires, and electrical boxes, leading to high demand for Blow Molded Plastic in the region.

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Raw Material Substitutes and Construction Economy to Soar the Market

Owing to the growth of the global market, Blow Molded Plastic are increasingly becoming a substitute for raw materials like glass, metal, rubber, wood, etc., especially in automobiles and industrial machinery. Awareness of carbon emissions is due to metals’ replacement with lightweight plastics. Low-density plastics help to increase fuel efficiency and improve machinery performance, owing to a decrease in carbon emissions. Government initiatives combined with modern technologies will boost the demand for plastics in automotive applications. This is predicted to drive the demand for blow molded plastic in various components in various industries.

Owing to the growing demand for plastic products and services, industries such as construction, packaging, and automotive are the primary markets for Blow Molded Plastic in regions like Asia-Pacific and Central and South America. The use of plastics in the construction industry provides durability and cost-effectiveness. Countries are expected to focus on trade and investment in their domestic markets, owing to diminishing reliance on exports. This is projected to be facilitated by relatively easy access to finance and a robust local labor market.

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COVID-19 outbreak across the globe has severely affected manufacturing industries, leading to a negative impact on the growth of the global plastics market. A sharp decline in demand is witnessed in end-use industries like consumer electronics, furniture, and automotive, owing to increased spending on essential items like food and medical products. Factory shutdowns, limitations on supply and transport, and a slowdown in infrastructure development activities across the globe are anticipated to hamper the global plastics market.

Collaboration, acquisition, and merging can be expected on a global scale. Many companies have started manufacturing medical products like masks, sanitizers, testing kits, ventilators, disinfectants, etc. Magna International Inc. started using its car seat sewing skills to produce surgical face masks for medical workers to meet the growing demand for face masks during the COVID-19 pandemic.

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Global Blow Molded Plastic Market: Segmentation

4.2      Value Chain Analysis: Blow Molded Plastic Market

4.4      Porter’s Five Forces Analysis

4.6      Forecast Factors & Relevance of Impact

4.15.1 Pre and Post Covid-19 Market Scenario Analysis

4.15.2 Market Recovery Timeline and Challenge

4.15.3 Measures Taken by Top Players

4.15.4 Quarterly Market Revenue and Growth Forecast till 2021

4.15.4.4        Central and South America and the Caribbean

4.15.4.5        The Middle East and Africa

5.1.1  Market Size & Forecast (Value & Volume)

5.2.1  Market Size & Forecast (Value & Volume)

5.3.1  Market Size & Forecast (Value & Volume)

5.4.1  Market Size & Forecast (Value & Volume)

5.5.1  Market Size & Forecast (Value & Volume)

5.6.1  Market Size & Forecast (Value & Volume)

5.7.1  Market Size & Forecast (Value & Volume)

5.8.1  Market Size & Forecast (Value & Volume)

5.9.1  Market Size & Forecast (Value & Volume)

6.1.1  Market Size & Forecast (Value & Volume)

6.2.1  Market Size & Forecast (Value & Volume)

6.3.1  Market Size & Forecast (Value & Volume)

6.4.1  Market Size & Forecast (Value & Volume)

6.5.1  Market Size & Forecast (Value & Volume)

6.6.1  Market Size & Forecast (Value & Volume)

6.7.1  Market Size & Forecast (Value & Volume)

7.1.1  Market Size & Forecast (Value & Volume)

7.2.1  Market Size & Forecast (Value & Volume)

7.3.1  Market Size & Forecast (Value & Volume)

7.4.1  Market Size & Forecast (Value & Volume)

7.5.1  Market Size & Forecast (Value & Volume)

8.1.1  Market Size & Forecast (Value & Volume)

8.3      Central and South America and the Caribbean

8.3.6  Rest of Central and South America and the Caribbean

8.6.8  The Rest Of Middle East

9          Competitive Landscape — Manufacturers & Suppliers

9.4      International Automotive Component Group S.L.

9.20   Lyondell Basell Industries Holdings B.V

Table of Content and Figure @ https://straitsresearch.com/report/blow-molded-plastic-market/toc

Widescale Applications of Plastics to Ascend the Blow Molded Plastic Market

Asia-Pacific Region to Grab Lion's Share in the Global Specialty Resins Market

Automotive Plastics Market to Witness Substantial Growth With Governments, Manufacturers, and Consumers Taking Cognizance of the Need to Reduce Carbon Emission

Plastic Packaging of Alcoholic Beverages to Provide a Fillip to Growth of Plastic Bottles and Containers Market

Have a Look at the Related Research Report

Molded Plastic Market: Information by Type (PE, PP,PET,PU), Technology (Injection Molding, Blow Molding), Application(Packaging, Automotive & Transportation, Construction)-Forecast Till 2026

Plastic Injection Molding Market: Information by Raw Material (Polypropylene, Polystyrene, Polyethylene, Polyamide), Application (Packaging, Electronics), and Region — Forecast till 2030

Thermoformed Plastics Market: Information by Product (Polymethyl Methacrylate), Process (Plug Assist Forming), Application (Healthcare and Medical), and Region — Forecast till 2030

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