Injection Molded Plastics Market Size Worth $372.9 Billion By 2027

The global injection molded plastics market size is expected to reach USD 372.9 billion by 2027, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 4.6% over the forecast period. Increasing demand for key applications including automotive, packaging, and construction, particularly in Brazil, Russia, India, China, and BRICS, is likely to drive the market growth. High-growth regions such as Middle East and Asia Pacific have witnessed a surge in capacity addition over the last few years.

Increasing presence of plastic injection molding companies in China on account of low manufacturing costs and availability of skilled labor is anticipated to benefit the regional market. Major foreign companies are increasing their production capabilities in the region owing to growing demand for plastic products. Government support in the form of tax benefits and financial incentives in China and India to increase foreign direct investment (FDI) flow has helped develop the market for plastics in these countries.

In packaging application, high-density polyethylene (HDPE) is extensively used in thin wall injection molding. Growing demand for food packaging, bin liners, and thin gauge bags is anticipated to drive the product demand over the forecast period. Rising penetration of injection molded HDPE in shipping containers, industrial pails, and houseware applications is anticipated to further drive its demand.

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https://www.grandviewresearch.com/industry-analysis/injection-molded-plastics-market

Further key findings from the study suggest:

Demand for packaging is likely to increase owing to the improving economic conditions of countries such as India, China, Brazil, and Mexico
Demand for injection molded plastics from the packaging industry in Asia Pacific is projected to register a CAGR of 4.3% in terms of volume, from 2020 to 2027. This is attributed to the growing demand for food packaging
Growth of the electronics industry, coupled with cost-effectiveness of electrical appliances, is projected to remain a key driving factor for the injection molded plastics market over the forecast period
Demand from the medical sector in North America is anticipated to register a CAGR of 2.9% from 2020 to 2027 owing to the increase in demand for plastic components for medical devices
Key market players include BASF, LyondellBasell, Eastman Chemical Company, ExxonMobil, Huntsman Corporation, Eastman Company, DuPont, Dow Chemicals, and SABIC.

Personal Care Contract Manufacturing Market Worth $29.2 Billion By 2027

The global personal care contract manufacturing market size is expected to reach USD 29.2 billion by 2027, registering a CAGR of 6.1% over the forecast period, according to a new report by Grand View Research, Inc. Rising demand for organic products due to increased awareness of harmful effects of chemical-based products is likely to boost the market growth.

Increasing disposable income coupled with rising consumer awareness on personal hygiene, is expected to drive the market. Furthermore, increasing demand for natural and organic products on account of rising concerns regarding the long-term impact of chemicals on human health is expected to augment the product demand over the projected period.

The skincare products are manufactured for several skin conditions and skin types owing to which, manufacturers tend to provide a wider product portfolio based on consumer’s personal preference. Thus, increasing demand for skincare products, especially from the millennials, is likely to drive the market.

Major players in the market are continuously investing in R&D projects to enhance the formulation capabilities to gain a competitive edge over other players. Widespread distribution channels benefit these significant players in catering to the global market and provide optimum quality services to its customers.

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https://www.grandviewresearch.com/industry-analysis/personal-care-product-contract-manufacturing-market

Further key findings from the report suggest:

The demand for fragrances and deodorants in the manufacturing service segment is estimated to reach USD 3.6 billion by 2027, owing to increasing demand for premium products and rising consumer preference for spray-on antiperspirants
The packaging service segment accounted for 8.4% of the global revenue in 2019, on account of its ability to increase aesthetic value of the product, thereby influencing customer’s purchasing decision significantly
Germany is estimated to register a CAGR of 6.0% in terms of revenue from 2020 to 2027, on account of increasing demand for products such as lip-gloss and nail paints
Asia Pacific is expected to reach USD 8.7 billion by 2027, owing to the presence of low-price high-quality packaging coupled with logistics, distribution, and sales provided by contract manufacturers
Market players focusing on regional expansion and contracts in the high demand countries of Asia Pacific and North America to obtain a competitive edge over its competitors
Some of the key players in the personal care contract manufacturing market are McBride PLC; Albea Beauty Holdings S.A.; Colep Portugal, S.A.; Vi-Jon, Inc.; and Formula Corp.

Aluminum Foil Market Size Worth $33.1 Billion By 2025

The global aluminum foil market size is anticipated to reach USD 33.1 billion by 2025, accelerating at a CAGR of 5.3% over the forecast period, according to a new report by Grand View Research, Inc. The superior barrier properties of the product coupled with rising demand for flexible packaging is expected to drive the market.

Aluminum foil is used in various packaging and industrial applications. Packaging involves protecting food & beverage products, medicines, cosmetics, and tobacco from chemical, climatic, and physical parameters. Industrial applications of the product involve transportation, building & construction, and electrical & electronics along with it being used to manufacture heat exchanger tube fins for air conditioners, thermal insulation wrappers for pipes & ducts, and coil & capacitors.

Packaging industry is projected to generate a considerable product demand over the forecast period. Aluminum foil is an excellent material for preserving food products stored on shelves or in freezer/cooler. Containers made of this material are popular for use in food packaging. Moreover, aluminum foil containers are highly suitable for use in all types of ovens including conventional, convection, microwave, and boiler ovens.

Aluminum foil is a consumer-friendly product and is recyclable. Apart from containers, the product has a wide application scope in the form of wrappers, lids, pouches, blister packs, and collapsible tubes in a diverse range of industries such as personal care & cosmetics, pharmaceutical, and food & beverage. Moreover, the product is lightweight and is, therefore, economical and easily transportable. Its ability to act as an absolute barrier and its impermeability makes it a versatile material for packaging manufacturers.

China dominated the global aluminum foil market in 2018, which can be attributed to the country’s ability to manufacture the product at a considerably lower cost than other countries. The abundance of bauxite ores in China allows manufacturers to procure raw materials such as alumina at a low cost and thus, produce downstream products such as aluminum foil at a relatively cheaper price compared to other countries.

Other developing regions, such as India, are expected to grow at significant rates owing to the thriving economy and rapidly expanding packaging sector. Developing nations along with their burgeoning population, create a vast potential for the players in the industry. The U.S. is the major consumer of the product in the North American market. The establishment of antidumping & countervailing duty on import of aluminum foil from China in the U.S. is likely to open new growth avenues for domestic manufacturers.

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https://www.grandviewresearch.com/industry-analysis/aluminum-foil-market

Further key findings from the report suggest:

Packaging segment dominated the global market in 2018 and accounted for 69.3% of the market share in terms of volume owing to the consistent product demand from food and pharmaceutical packaging sectors
In packaging industry, food & beverage application accounted for the largest revenue share of 68.0% in terms of revenue in 2018
Pharmaceutical packaging segment is expected to progress at the fastest CAGR of 7.2% from 2019 to 2025, in terms of revenue, owing to rapid expansion of the global pharmaceutical sector
Asia Pacific was the largest regional market for aluminum foil, which accounted for 54.6% of the overall volume share in 2018, on account of a wide population base and the presence of a vast food packaging industry in the region.

Polyvinyl Chloride Market Size Worth $79.11 Billion By 2020

The global polyvinyl chloride market size is expected to reach USD 79.11 billion by 2020, according to a new study by Grand View Research, Inc. increasing construction and infrastructure spending in emerging markets of Asia Pacific and Latin America is expected to remain a key driving factor for global polyvinyl chloride (PVC) demand. In addition, growth of global automotive industry is also expected to have a positive influence on the market. Volatile raw material prices coupled with the stringent regulatory scenario, particularly in North America and Europe to limit or minimize PVC use for medical applications are expected to remain key challenges for market participants. In order to overcome such challenges, the industry has shifted its focus towards developing bio-based alternatives to PVC which is expected to provide future opportunities for market participants.

Construction emerged as the leading application segment and accounted for 55.7% of the total market volume in 2013. Increasing construction spending in BRICS nations on account of organization of global events such as FIFA World Cup and Summer Olympics in these nations is expected to drive the demand for PVC in construction industry. Electrical & electronics is expected to be the fastest growing application segment at an estimated CAGR of 5.4% from 2014 to 2020. Growth of Chinese and Taiwanese electronics industry is expected to spur growth for PVC in electrical & electronics industry.

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http://www.grandviewresearch.com/industry-analysis/polyvinyl-chloride-pvc-market

Further key findings from the study suggest:

Global PVC demand was 38.50 million tons in 2013 and is expected to reach 53.81 million tons by 2020, growing at a CAGR of 5.0% from 2014 to 2020.
Asia Pacific emerged as the leading regional market for PVC and accounted for 58.1% of total market volume in 2013. Growth of construction industry, particularly in China, India and Indonesia is expected to drive PVC demand in the region.
Middle East & Africa is expected to be the fastest growing region for polyvinyl chloride market at an estimated CAGR of 5.9% from 2014 to 2020. Growth of major end-use industries such as construction, automotive and electrical & electronics in Saudi Arabia and South Africa is expected to drive the demand for PVC in this region.
Some of the major companies in operating in the global PVC market include Shin-Etsu Chemical Co. Ltd., Formosa Plastics Group, Axiall Corporation, Mexichem S.A.B., BASF, Georgia Gulf Corp., Arkema S.A., and Westlake Chemica Corp, Sinopec Group, Solvay S.A., KEM One and Xinjiang Zhongtai Chemical Co. Ltd.

PET Compounding Market Size To Reach $7.82 Billion By 2024

The global polyethylene terephthalate (PET) compounding market is expected to reach USD 7.82 billion by 2024, according to a new report by Grand View Research, Inc. Rising polymer demand in end-use industries such as packaging, automotive, electrical & electronics and constructions is expected to remain a key driving force for PET compounding market growth.

Strong demand for PET bottles coupled with growing packaged food & beverage industry in emerging economies of Asia Pacific and Latin America such as China, India, Mexico, and Brazil are anticipated to fuel industry growth significantly.

Regulatory agencies to reduce Green House Gas (GHG) emissions by means of vehicular weight reduction and fuel efficiency improvements have formulated policies and guidelines. Automotive manufacturers & OEMs in order to meet these regulations have adopted plastics as a replacement for metals such as aluminum and steel.

Packaging accounted for over 55% of overall market volume in 2015. Growth in packaging industry can be attributed to the suitability of PET compounds to meet customer requirements with more durable, lightweight and corrosion-resistant parts.

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http://www.grandviewresearch.com/industry-analysis/polyethylene-terephthalate-pet-compounding-market

Further key findings from the study suggest:

The global polyethylene terephthalate (PET) compoundingmarket demand was over 2,000 kilo tons in 2014 and is expected to exceed 3,500 kilo tons by 2024, growing at a CAGR of 6.9% from 2016 to 2024
Increasing substitution for glass, metals, wood, natural rubber and man-made materials by PET is driving the global market
Developing recycling processes that utilize lesser input in terms of fluids, energy, and machinery is crucial for production improvisation
Government regulations restricting petrochemical derived polymers consumption in applications such as food packaging, and medical devices are expected to further boost bio-based PET production
China accounted for nearly half of the Asia Pacific compounding volume in 2015. The country is characterized by high demand for PET compounds in packaging & electronic applications
BASF and Avantium Dutch technology firm formed a joint venture company to focus on polyethylene furanoate (PEF) and furandicarboxylic acid (FDCA), a bio-based polymer to replace polyethylene terephthalate
Polyethylene terephthalate (PET) compounding market is highly fragmented among multinational players and small domestic companies
Key industry participants in the market include Dow Chemical Company, RTP Company, SABIC, LyondellBasell, BASF SE, DuPont, SRF Plastics, A. Schulman, Polyvisions, Covestro, Washington Penn Plastics and PET Processors LLC

Expanded Polystyrene Market Size Worth $13.66 Billion By 2027

The global expanded polystyrene market size is projected to reach approximately USD 13.66 billion by 2027, according to a new report conducted by Grand View Research, Inc. It is expected to register a revenue-based CAGR of 4.8% during the forecast period. High number of millennials and nuclear families along with increasing disposable income is anticipated to positively impact the consumption of single use expanded polystyrene (EPS) containers provided by food outlets and takeaway stations. These factors are expected to significantly drive the EPS market.

In addition, innovation in automotive sector including light weight and fuel efficient car manufacturing is anticipated to propel to the demand for expanded polystyrene over the forecast period. The demand for EPS in packaging industry is projected to expand at a CAGR of 4.9% from 2020 to 2027. High rate of manufacturing capabilities across developing nations, rising exports, and future growth in high rate of e-commerce business are some of the factors projected to continue driving the demand for packaging products over the next nine years, which in turn is anticipated to fuel the EPS market.

The rise in inward migration in regions like Europe and North America will eventually increase the rate of residence complexes aided by employment and spending capabilities among consumers, which will surge the growth of construction sector as well as fuel the demand for expanded polystyrene over the projected period. Rising awareness regarding green building and encouragement from governments for its adoption is anticipated to fuel the demand for EPS in the forthcoming years.

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https://www.grandviewresearch.com/industry-analysis/expanded-polystyrene-eps-market

Further key findings from the repot suggest:

Demand for EPS in North America will surge in accordance with growth in automotive and packaging sector. Mature markets such as U.S. have expanding client request, greater interest in terms of innovations, as well as implementation of designs, which is anticipated to further drive the growth
Middle East and Africa is expected to witness significant rise in demand with rising focus on exports of apparels, citrus fruits, foodstuffs, electronic equipment, and jewelry
White EPS demand will increase over the projected period as emerging markets are investing on developing manufacturing and packaging plants for global and domestic trade
Grey EPS is set to witness a CAGR of 4.5% from 2020 to 2027 in terms of revenue on account of its application in construction of residential buildings. The properties of insulation derived from graphite mixed expanded polystyrene is a key driver for its growth
Some of the key players operating in the expanded polystyrene market are BASF, SABIC, DOW chemicals, NOVA Chemicals, TOTAL SA, Versalis S.P.A., Unipol Holland BV, Ravago group, Alpek S.A.B. De Cv, Styrochem, Brodr Sunde group, Synthos SA, Sunpor Kunststoff GMBH, Kaneka Corporation, and ACH foam technologies

Coated Paper Market Size Worth $34.7 Billion By 2025

The global coated paper market size is expected to reach USD 34.7 billion by 2025, according to a new report by Grand View Research, Inc., registering a 3.5% CAGR during the forecast period. The market is driven by growing need for packaging and labeling of delivery goods. Rise in e-commerce across the world is a major driving factor for increasing penetration of online shopping and distribution of goods, thereby impacting the demand for coated paper.

The collaboration of e-commerce with consumer goods is boosting market. The segment requires packaging and labeling during shipment, thus shaping the growth of the global market. These products add a glossy texture, which gives a professional touch to magazines and other publications. It also has dust-resistant properties as a result of coating and requires less ink owing to better ink holdout; this makes it a suitable product for different finishing techniques. Application of coated papers also includes printing invitations as well as for decoration purposes, which provides various growth opportunities to players. However, rising deforestation and release of carbon emissions during product manufacturing causes harm to the environment, which poses a restraint to the growth of the market.

Packaging and labelling held the dominant share by in terms of application and the segment is expected to register a CAGR of 3.6% from 2019 to 2025, with big players investing more in this category. Launch of new and innovative products to be used in this sector will benefit segment growth. For instance, in July 2017, Nippon Paper Industries Co., Ltd. launched a new coated paper called b7 LIGHT in the b7 series. The new product has a natural color tone and softer pages owing to low density of the material. In March 2019, Nestlé launched a new product called Nesquik All Natural Powder in Europe in a plastic-free packaging, using this material.

The printing application held a share of 32.1% in the coated papers market in 2018 owing to its wide area of application across various industries. However, widespread digitalization has had an adverse impact on this application, threatening to make it saturated. Nevertheless, use of coated paper in currency, security documents, and check books is anticipated to ensure stable growth of the segment over the forecast period. Moreover, steady usage of this product as brochures and product manuals for smartphones, computers, and other electronic gadgets will keep demand steady.

Asia Pacific will exhibit a revenue-based CAGR of 3.7% from 2019 to 2025 on account of increasing production and consumption of coated paper in the region. The region is home to some of the largest paper consuming countries, such as India and China, and the scope for the product in various industries will continue to rise, fueling the regional market.

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https://www.grandviewresearch.com/industry-analysis/coated-paper-market

Further key findings from the report suggest:

The global coated paper market demand was estimated at 51.4 million tons in 2018
In terms of regional revenue, Asia Pacific accounted for the maximum share in the global market
The packaging and labeling segment is expected to register a CAGR of 3.6% thanks to rapid growth of e-commerce and need for effective packaging for home delivery
By type, the mechanical category accounted for a volume share of 46.9% in 2018
The industry is highly competitive in nature, with the main players being Asia Pulp & Paper Co. Limited; Stora Enso Oyj; Nippon Paper Industries Co.; NewPage Corporation; Michelman, Inc.; and BASF SE.

Paraffin Wax Market Size Worth $7.27 Billion By 2025

The global paraffin wax market size is expected to reach USD 7.27 billion by 2025, according to a new report published by Grand View Research, Inc. Increasing demand for paraffin waxes in flexible packaging, candle manufacturing, rubber, and cosmetics is expected to aid in market expansion over the next nine years. Rising consumption of these products as a rheology modifier, electrical insulator, friction reducer, plasticizer, and flame retardant is expected to increase market size over the forecast period.

Paraffin waxes are used in flexible packaging as they provide an excellent barrier against odor and gas transmission. The growing food & beverage sector in developing countries including China, Japan, India, South Korea, South Africa, and Brazil is expected to stimulate packaging growth, which in turn will drive product demand over the upcoming years.

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http://www.grandviewresearch.com/industry-analysis/paraffin-wax-market

Further key findings from the report suggest:

The global market demand was 3,461.8 kilo tons in 2015 and is expected to grow substantially on account of increasing demand for home fragrance products in countries including China, the UK, India, and the U.S.
Cosmetic application segment is projected to show volume grow at a CAGR of 4.2% from 2016 to 2025. Increasing usage of these products as body moisturizers in dermatology is likely to fuel growth.
Rising demand for creams, lipsticks, ointments, and personal care products is expected to drive industry growth. Developing personal care industry in countries including the U.S., India, France, China, Brazil, Argentina, Russia, Indonesia, South Africa, Thailand, Saudi Arabia, and UAE is further expected to create growth opportunities for the product over the upcoming years.
Asia Pacific was the leading market in 2015 and is projected to foresee rapid revenue growth at a CAGR of 4.4% from 2016 to 2025. The increase is attributed to the rapid development of packaging, personal care, and adhesives industries in the region. Growing utilization of these waxes in hot melt adhesives mainly in China, South Korea, Australia, India, and Taiwan will spur industry expansion over the next nine years.
The industry is highly competitive with a large number of participants in China, the U.S., India, and South Africa. Key players include ExxonMobil, PetroChina Company Limited, Sinopec, International Group Inc., Repsol, IOCL, and Sasol.
ExxonMobil provides semi refined paraffin wax which finds applications in packaging and adhesives and complies with Food and Drug Administration (FDA) specifications
Companies such as Sasol provide non-toxic paraffin wax which is produced by environment-friendly technology, i.e., high-pressure hydrogenation. This innovation, in turn, will create new opportunities for growth over the next nine years.