- The major vendors in the Global Molded Plastics Market 2014-2018 include BASF SE, INEOS Group, Reliance Industries Ltd. and SABIC.
London, 08 October 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Molded Plastics Market 2014-2018. One major trend upcoming in this market is the growing demand from the APAC region. China and India are the key markets for molded plastics, which are expected to be in high demand from various end-user industries in this region. The market is expected to grow at a rapid rate with a CAGR of 4.64 percent during the period 2013-2018.
“The trend of manufacturing lightweight vehicles has led to an increase in the demand for molded plastics for various automotive applications,” says Faisal Ghaus, Vice President of TechNavio Research.
“The use of such plastics is being encouraged by the automotive industry because of the resulting improvement in vehicle efficiency and lower fuel consumption.”
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.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
