Injection Molded Plastic Market Size Worth $411.86 Billion By 2032 | CAGR: 3.6%

The global Injection Molded Plastic market size is expected to reach USD 411.86 billion by 2032, according to a new study by Polaris Market Research. The report “Injection Molded Plastic Market Share, Size, Trends, Industry Analysis Report, By Raw Material (Acrylonitrile Butadiene Styrene [ABS], Polypropylene [PP], Polystyrene [PS], Polyethylene [PE]); By Application; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Automotive plastic injection molding has become a crucial production process in the automotive industry, prioritizing quality, consistency, and safety. Materials such as polypropylene and polystyrene, known for their rigidity, flexibility, corrosion resistance, and weather resistance, are extensively utilized in manufacturing various vehicle components. Polypropylene is commonly used for car doors, cable insulation, carpet fibers, bumpers, and bodies, while polystyrene is preferred for instrument panels. Market dynamics drive this shift towards plastic as car manufacturers increasingly replace metal automotive parts with lightweight and cost-effective injection-molded plastic alternatives.

The COVID-19 pandemic has profoundly impacted the worldwide injection molded plastic market growth owing to the closure of factories, a decrease in employment numbers, and a decline in production outputs. But when trade restrictions and lockdown measures are lifted, demand is anticipated to pick up speed, propelling market development.

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In the building sector, the application of plastic injection molded goods and components is anticipated to be driven by the demand for products with qualities such as resilience, durability, and resistance to weather and chemicals. Injection-molded plastic parts have emerged as an attractive option for the construction industry due to their distinct advantages over traditional building materials like metal, concrete, and wood. Additionally, the lightweight and portability of plastic components present significant cost-saving opportunities in transportation and enhance project productivity. As expansion and construction projects continue to increase, the demand for injection-molded plastics is poised to rise significantly. Within the construction sector, injection-molded plastics are extensively utilized in various applications, including wall panels, insulation, roofing materials, and structural components.

Injection Molded Plastic Market Report Highlights

• The polypropylene (PE) segment dominated the market in 2023, driven by its use in household products, packaging, and vehicle parts.
• The packaging segment led the market in 2023 and is expected to maintain its dominance due to the longer shelf lives of food products and the protection they provide against deterioration.
• Asia Pacific holds a significant revenue share in the global injection molded plastic market , driven by its application in end-use industries such as automotive and electronics and low-cost labor.
• The global key market players include ExxxonMobil Corporation, BASF SE, DuPont de Nemours Inc, Dow Inc, Huntsman International LLC, Eastman Chemical Company, INEOS Group, SABIC, Magna International Inc, and IAC Group.

Polaris Market Research has segmented the Injection Molded Plastic market report based on raw material, application and region:

Injection Molded Plastic, Raw Material Outlook (Revenue - USD Billion, 2019 - 2032)

• Acrylonitrile Butadiene Styrene (ABS)
• Polypropylene (PP)
• High-Density Polyethylene (HDPE)
• Polystyrene (PS)
• Low-Density Polyethylene (LDPE)
• Polyethylene (PE)
• Others

Injection Molded Plastic, Application Outlook (Revenue - USD Billion, 2019 - 2032)

• Packaging
• Automotive & Transportation
• Building & Construction
• Consumables & Electronics
• Medical
• Others

Injection Molded Plastic, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands
• Rest of Europe

• Asia Pacific

• China
•  Japan
•  India
•  Malaysia
•  South Korea
• Indonesia
• Australia
• Vietnam
•  Rest of Asia-Pacific

• Latin America

• Argentina
• Brazil
• Mexico
• Rest of Latin America

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa
• Rest of Middle East & Africa

Injection Molded Plastic Report Scope: