DUBLIN--(BUSINESS WIRE )--The "Molded Plastics Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 To 2030" report has been added to ResearchAndMarkets.com's offering.

The global market for molded plastics is expected to grow at a CAGR of 4.5% during the forecast period of 2022 to 2030.

Molded plastics are non-metallic compounds that have been manufactured synthetically and may be molded into a variety of shapes for use in commercial applications.

These are quite versatile, effective, and bendable, and they can be made more rigid if that is the consistency that is required. These are utilized in the process of constructing smaller components that include an incredible level of detailing and perfection. Because of their high ductility, tensile strength, impact resistance, and moisture resistance, as well as their greater design flexibility, these are used in a variety of applications, including building and construction, automotive and transportation, consumable and electronic products, packaging, and others, including medical, stationary, and textiles.

This is due to the fact that these have greater design flexibility. In addition, these are utilized during the production of automobile fascia, bumpers, grilles, headlight pods, panels, fenders, wheel wells, engine covers, table components, air flow ducts, equipment, and exterior fascia and ornamental panels, and other parts and pieces.

These are put to use in the manufacturing of electrical conduits, rainwater, and sewage pipes, plumbing, gas distribution pipes, storage tanks, flooring tiles and rolls, PVC sheets, insulating membranes, and various other types of construction materials.

The market is expected to be driven by the rising demand for plastic components from a variety of end-use sectors, such as the automobile industry, the packaging industry, the home appliance industry, the electrical and electronics industry, and the medical device industry.

Over the course of the time covered by this estimate, the expansion of the market is anticipated to be hampered by the fluctuating prices of raw materials including benzene, ethylene, propylene, and styrene, as well as by growing concerns surrounding the disposal of these materials.

Region Segment (2020 - 2030; US$ Million)

Global Impact of Covid-19 Segment (2020-2021; US$ Million )

Key questions answered in this report

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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900