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Polypropylene May Lead the Market
Posted: 04/06/2016 05:19:03  Hits: 66
According to authoritative data, from 2015 to 2020, the market of injection molding plastic will show annual growth rate of 4.9%. By 2020, the market size will reach 162 billion USD. Among that, polypropylene will continue holding the leading position in the whole market of injection molding plastics. 

Most of growth rate on the market of plastic injection molding plastics come from the demands of packaging industry. Besides, demands in other terminal application such as automobile, packaging, electronic products, daily consumer goods, construction and engineering, medical treatment and technology field (CAE and automatic injection molding process) promote the market of injection molding plastics to grow further. Moreover, with cheap labor force, less waste, high production efficiency and the ability that can deal with multiple materials at the same time, injection molding technology also promotes the market to grow. However, fluctuation of oil price and high initial processing cost of injection molding hinder the market from developing.

The data showed that in 2014, polypropylene contributed 41% of market income to the market of injection molding plastics. Its proper features such as high thermal resistance, expediting setting, wearing resistance and high surface glossiness make polypropylene hold leading position on the market of injection mold. Moreover, ABS is widely applied in auto, construction and engineering, consumer good and electronic industry. It is predicted that the materials will become the part on market having the highest growth rate. The annual growth rate will reach 6.8%. From 2014 to 2020, packaging still holds the position on the market application, because packaging is more and more used for consumer goods and health products. Medical care is the terminal application market having the highest growth rate. The increasing of usage amount of infusion tubes, testing equipment and other medical tools promotes relevant demands to grow.

Other research results include: the demands for packaging in auto and consumer goods rise which will promote the market of polypropylene to develop further, especially the materials having low cost, easy demolding and heat resistance; medical care is the terminal application industry having the highest growth rate; packaging will maintain its leading position in the whole predictive period; ABS will have the highest growing tendency in the whole predictive period. 

North America and Europe are the regions having the highest demands for injection molding plastics, accounting for 66% of market share in 2014. North America and Europe are always holding the leading position, for the highly developing of packaging and auto industry. What's more, Asia-Pacific region becomes one of the regions that auto, medical, consumer goods and semiconductor industry have the highest growth rate, which provides profitable growth opportunity to injection market. In addition, based on the consumption and income of injection molding plastics, China, Japan and India are the main markets in the regions. Plastic injection molding industry is showing the trend of quick transferring. Meanwhile, to maintain competitiveness, the quality of products should be improved. In terms of design, customization and constant innovation promote the products to update constantly.

Nowadays, well-known enterprises on the market include BASF, Exxon Mobil, E.I.Du Pont Company, The Dow Chemical Company, LyondellBasell, Huntsman, Eastman Chemical Company, SABIC, INEOS and CNPC.
 
Polypropylene May Lead the Market
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