- The key vendors in the Global Injection Molded Plastics Market 2014-2018 are BASF SE, The Dow Chemical Co., E.I. du Pont de Nemours and Co., Exxon Mobil Corp. and SABIC Innovative Plastics.
London, 23 September 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Global Injection Molded Plastics Market 2014-2018. Demand from the Houseware and Personal Care sectors is one of the major trends upcoming in the market. Design flexibility and the low cost of injection molded plastics are expected to augment the demand from the houseware and personal care sector.
Injection molded plastics are produced by injecting compressed liquid plastic into a mold and releasing it after it is cooled and solidified. They provide the benefits of flexible designing and low cost of mass production. Because of their lightweight properties, injection molded plastics are increasingly being used to replace metals in various industrial applications.
“With increased emphasis on manufacturing lightweight automobiles to increase their efficiency, injection molded plastics are expected to replace metal components in the future because of their lighter weight and high strength,” says Faisal Ghaus, Vice President of TechNavio Research.
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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