The blow molding resins market is estimated at USD 36.67 billion in 2017 projected to reach USD 51.95 billion by 2022, at a CAGR of 7.2% from 2017 to 2022

The blow molding resins market is projected to grow at a CAGR of 7.2% from 2017 to 2022

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Mar 15, 2018, 02:02 ET

NEW YORK, March 15, 2018 /PRNewswire/ -- Read the full report: https://www.reportlinker.com/p05356634

The blow molding resins market is estimated at USD 36.67 billion in 2017 projected to reach USD 51.95 billion by 2022, at a CAGR of 7.2% from 2017 to 2022. The high demand for blow molded products in various applications, such as pharmaceutical, food & beverages, chemical, and personal care is expected drive demand for blow molding resins. Increasing demand for light-weight vehicles is another major factor fueling the demand for blow molded products in the automotive industry, which in turn, is expected to drive the blow molding resins market. However, fluctuations in raw material prices is expected to restrain the growth of the blow molding resins market.

Among types, polyethylene is projected to be the largest and fastest-growing segment of the blow molding resins market during the forecast period
Among types, the polyethylene segment of the blow molding resins market is projected to account for largest share between 2017 and 2022. The high demand for blow molded products in the packaging, automotive, and construction industries is expected to drive the demand for blow molding resins. Blow molding resins are used for the production of bottles, cans, and containers which are used in the pharmaceutical, food & beverages, personal care, and chemical industries.

The Asia Pacific blow molding resins market is projected to grow at the highest CAGR during the forecast period
The Asia Pacific blow molding resins market is projected to grow at the highest CAGR from 2017 to 2022. This high growth of the Asia Pacific blow molding resins market can be primarily attributed to the increased use of blow molding resins in the packaging, automotive & construction, and construction & infrastructure applications. Moreover, the presence of key manufacturers of blow molding resins, coupled with increased demand for blow molding resins from various applications in the region is expected to drive the growth of the Asia Pacific blow molding resins market during the forecast period.

Breakdown of the profiles of primary interviews for the report on the blow molding resins market
• By Company Type – Tier 1 – 45%, Tier 2 –22%, and Tier 3 – 33%
• By Designation – C Level – 50%, Director Level – 10%, and Others – 40%
• By Region – Europe – 50%, Asia Pacific – 31%, North America – 13%, and RoW – 6%

Some of the key companies profiled in this report are Exxon (US), LyondellBasell (Netherlands), DowDuPont (US), SABIC (Saudi Arabia), INEOS (Switzerland), Solvay (Belgium), Formosa Plastics (Taiwan), Chevron (US), Eastman Chemical (US), China Petroleum (China), and Reliance Industries (India).

Research Coverage:
The report covers the blow molding resins market across different types of blow molding resins, applications, and regions. It aims at estimating the market size and future growth potential of the blow molding resins market across the types of blow molding resins. The report also includes an in-depth competitive analysis of the key market players along with their profiles, and key growth strategies.

Key benefits of buying the report
From an insight perspective, this research report has been focusing on various levels of analyses, which include industry analysis (industry trends) and company profiles. These insights together comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments of the blow molding resins market, high-growth regions, and drivers, restraints, opportunities, and challenges in the blow molding resins market.

The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on the blow molding resins offered by the top players operating in the blow molding resins market.
• Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and new applications in the blow molding resins market.
• Market Development: Comprehensive information about the lucrative and emerging markets. The report analyzes the markets for blow molding resins across different regions.
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the blow molding resins market.
• Competitive Assessment: In-depth assessment of strategies, products, and manufacturing capabilities of the leading players in the blow molding resins market.

Read the full report: https://www.reportlinker.com/p05356634

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