New report on Molded Plastics product market is segmented into molded polyvinyl chloride, molded polypropylene, molded polystyrene, molded polyethylene and others (abs, pu, etc). Molded polyethylene is the largest revenue generating segment due to its wide range of applications in automotive industry. In automotive industry, molded polyethylene is used in creating automotive dashboard, bottle caps, some musical instrument, wire spools, storage containers, one-piece chairs, mechanical parts, etc. Molded plastics application market is segmented into building & construction, automotive & transportation, consumable & electronics, packaging and others (stationery, clothing, etc). Automotive & transportation is the largest revenue generating segment due to increasing adoption of molded plastics in automotive & transportation sector. segmented into North America, Europe, Asia Pacific and LAMEA. Asia Pacific followed by North America is the largest revenue-generating segment due to its increasing adoption of molded plastics in the automotive industry. Asia Pacific possesses nearly half of the market share in the molded plastics manufacturers market.
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The factors that are driving the growth of the molded plastics are increased practice of plastics in the household care products, rapid growth of plastic components in mobile phone and raised consumption of plastics in automotives. However, fluctuating prices of crude oil and government regulations regarding environmental concerns are hampering the growth of the market. Increasing practice of plastics pipes in constructing gas and new oil transmission lines is creating opportunities for the growth of the market
The report analyzes various macro environments of the molded plastics market using porter’s analysis. According to porter’s analysis, the bargaining power of the supplier is high due to high cost of switching. The bargaining power of buyer is low due to the specialized products of molded plastics market. Moreover, brand loyalty is insignificant due to which intensity of rivalry is high. The threat of substitute is low due to unavailability of alternate products. In addition, threat of new entrants is high due to low investment.
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