Global molded plastic market
The global market for molded plastics is increasing due to their versatility, cost-effectiveness, and environmentally friendly characteristics.
The global molded plastic market is experiencing significant growth as industries increasingly adopt molded plastics due to their versatility, cost efficiency, and environmentally friendly characteristics. Molded plastics are manufactured through various molding techniques and have become essential in the manufacturing processes of industries such as automotive, packaging, electronics, and construction. According to the latest market report, the market revenue for molded plastics reached $389 billion in 2021 and is expected to grow steadily at a compound annual growth rate (CAGR) of 5.8% during the forecast period from 2022 to 2030, reaching $655 billion by 2030. The automotive industry is one of the key driving factors of the molded plastic market. With the increasing demand for lightweight and fuel-efficient vehicles, molded plastics provide an ideal solution for manufacturing automotive parts, reducing vehicle weight, and improving overall fuel efficiency. For application methods, please check the [PDF download] button or apply directly through the related links.
- Company：Panorama Data Insights Ltd.
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