Injection Molded Plastic Market Size, Share & Trends Report

Injection Molded Plastic Market Size, Share & Trends Analysis Report By Raw Material (PP, ABS, HDPE, LDPE, PS, PE, PVC, PET, PU, PEEK), By Application (Packaging, Building & Construction, Automotive & Transportation, Electrical & Electronics, Medical), By Region, And Segment Forecasts, 2024 - 2030

  • Report ID: 978-1-68038-128-3
  • Number of Pages: 134
  • Format: Electronic (PDF)

Research Methodology

A three-pronged approach was followed for deducing the injection molded plastic market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for injection molded plastic market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of injection molded plastic market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Injection Molded Plastic Market Categorization:

The injection molded plastic market was categorized into three segments, namely raw material (Polypropylene, Acrylonitrile Butadiene Styrene, High-density Polyethylene, Low-density Polyethylene, Polystyrene, Polyethylene, Polyvinyl Chloride, Polyethylene Terephthalate, Polyurethane, Polyether Ether Ketone), application (Packaging, Automotive & Transportation, Building & Construction, Consumables & Electronics, Medical), and region (North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa)

Segment Market Methodology:

The injection molded plastic market was segmented into raw material, application, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The injection molded plastic market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into twenty-one countries, namely, the U.S.; Canada; Mexico; Germany; the UK; France; Italy; Spain; China; India; Japan; South Korea; Malaysia; Indonesia; Australia; New Zealand; Brazil; Argentina; UAE; Saudi Arabia; South Africa.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Injection molded plastic market companies & financials:

The injection molded plastic market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • Exxon Mobil Corporation - Exxon Mobil Corp., founded in 1999 and headquartered in Texas, U.S., is a leading player in the oil, gas, and petrochemical industry. The company operates through three main segments: upstream, downstream, and chemical. Its primary operations involve the exploration and production of crude oil and natural gas. Exxon Mobil offers a wide range of products, including finished lubricants, asphalt, and specialty items. It also provides polyethylene, polypropylene, and specialty elastomers for injection molding applications. In addition, the company produces commodity petrochemicals such as olefins, aromatics, and polyethylene & polypropylene plastics. Exxon Mobil owns 37 oil refineries spread across various locations including Texas, California, Canada, Thailand, Singapore, Japan, France, Italy, Belgium, and Saudi Arabia. As of 2021, the company employed 64,000 individuals across all its operational facilities, reflecting its significant global presence.

  • BASF SE - Founded in 1865, BASF SE, with its headquarters in Ludwigshafen, Germany, is a leading global chemical manufacturer. The company is involved in the development, production, and marketing of approximately 700 intermediates worldwide. BASF SE operates through five key business segments: chemicals, performance products, functional materials & solutions, agricultural solutions, and oil & gas. The functional materials & solutions segment includes catalysts, construction chemicals, coatings, thermoplastics, and epoxy resins. The company’s extensive product portfolio includes performance chemicals, textile fibers, catalysts, coatings, plastics, solvents, reagents, herbicides, and pharmaceutical ingredients. BASF SE operates through six integrated production sites and 390 additional production sites spread across Asia Pacific, Europe, North America, Africa, and Australia. With a strong customer base spanning 200 countries, BASF SE is a global force in the chemical industry. As of December 2020, the company employed 110,302 individuals across all its operational facilities, demonstrating its significant global presence.

  • DuPont de Nemours, Inc. - Established in 1802, E.I. du Pont de Nemours and Company, commonly known as DuPont, is a U.S.-based corporation with its headquarters in Wilmington, Delaware. The company operates in various sectors including agriculture, electronics & communications, industrial biosciences, nutrition & health, performance materials, and protection solutions. Its products find applications in diverse industries such as aerospace, automotive, packaging, telecommunication, cosmetics, construction, and chemical processing. DuPont caters to a wide array of industries including Agriculture, Automotive, Building and Construction, Chemicals, Electronics, Energy, Food and Beverage, Government and Public Sector, Healthcare and Medical, Marine, Mining, Packaging and Printing, Plastics, and Safety and Protection. In a strategic move, DuPont separated its performance materials segment and transferred the operations to The Chemours Company. This segment included the production of Tyvek, an advanced polymer used for packaging medical devices and components. Additionally, DuPont manufactures advanced polymer resins for use in the production of medical devices and equipment components through its protection solution business segment. As of 2020, DuPont had a workforce of 34,000 employees across all its operational facilities. This multinational company continues to innovate and serve various industries with its wide range of products.

  • Dow, Inc. - Founded in 2019, Dow, Inc., headquartered in Michigan, U.S., is a global chemical corporation that specializes in the production of plastics, chemicals, and agricultural products. The company primarily serves three sectors: consumer goods, industrial & infrastructure, and packaging. The packaging division of Dow offers a variety of products including agricultural & silage films, consumer goods & retail, cosmetics & personal care, foods & beverages, healthcare & pharmaceuticals, and industrial packaging. Operating from 113 production facilities, Dow provides chemical products and resins to 31 countries. Its products and solutions cater to a broad spectrum of end-use sectors such as energy, industrial, automotive, agricultural, electronics, infrastructure, and packaging. As of 2020, Dow had a global workforce of 35,700 employees, reflecting its extensive operational reach. This multinational company continues to innovate and serve various industries with its diverse range of products.

  • Huntsman International LLC. - Founded in 1970, Huntsman International LLC, with its headquarters in Texas, U.S., operates in various sectors including advanced materials, polyurethanes, performance products, pigments, and textiles. The company’s products cater to a wide array of industries such as plastics, textiles, automotive, aviation, construction, electronics, paints & coatings, healthcare, footwear, agriculture, furniture, detergent, appliances, and packaging. The company’s product portfolio includes amines, carbonates, ethylene oxide, glycols, maleic anhydride, and surfactants. These products are broadly categorized into performance products, advanced materials, pigments, polyurethanes, and textiles. Huntsman caters to end-use industries such as additives, agrochemicals, materials, energy, home & personal care, and processing chemicals. Huntsman manufactures over 2,000 specialty chemicals using 35 licensed process technologies. The company operates 75 manufacturing and research facilities globally. As of 2020, Huntsman employed 9,000 people across all its operational facilities, reflecting its extensive global reach.

  • Eastman Chemical Company - Founded in 1920, Eastman Chemical Company, based in Tennessee, U.S., is a leading manufacturer and supplier of chemicals and plastics. The company’s product portfolio includes additives, functional products, specialty chemicals, and fibers, which find applications in a variety of end-use industries such as transportation, building & construction, consumables, tobacco, industrials & chemicals processing, food, agriculture, and health & wellness. Eastman Chemical Company also produces medical polymers used in the manufacture of disposable bags, surgical instruments, and medical tubes. The company places a strong emphasis on research & development activities to innovate new products for the medical industry. The company operates its business through more than 50 manufacturing locations spread across North America, Latin America, Europe, and Asia. As of December 2017, Eastman Chemical Company had a workforce of over 14,000 employees. The company continued to maintain this employment level as of 2022, reflecting its stable operational reach.

  • INEOS Group - Established in 1998, INEOS Group, headquartered in Rolle, Germany, is a global player in the production of specialty chemicals, petrochemicals, and oil products. The organization is structured into 18 distinct business units, including INEOS and INOVYN, each with its own specialized focus. INEOS Olefins & Polymers USA and Europe are known for their extensive range of injection-molded plastics. Their key product lines encompass olefins, high-density polyethylene, polypropylene, and high-density polyethylene pipes. These products find significant application in various sectors such as construction, medical packaging, film production, and advanced packaging. INEOS Group’s diverse product portfolio serves a wide array of industries. These include adhesives, chemicals, agrochemicals, coatings, automotive, construction, biofuel, cosmetics, film & sheets, food, manufacturing, home & electronic, packaging, paint & ink, pipes, and medical & pharmaceuticals. As of 2021, INEOS Group boasted a strong workforce of 26,000 employees across its various operational facilities.

  • LyondellBasell Industries Holdings B.V. - LyondellBasell Industries N.V., founded in 1947 and headquartered in Rotterdam, Netherlands, is a worldwide leader in the chemical, plastics, and refining sectors. The company operates 55 manufacturing facilities spread across five continents. The company’s product offerings are diverse, including ethylene, propylene, polypropylene, oxygenated fuels, propylene oxide, acetyls, diesel, and gasoline & gasoline blending components. These products find applications in a wide range of industries such as building & construction, agriculture, adhesives & sealants, automotive & transportation, food & beverage, electronics, paints & coatings, packaging, personal care, plastics & rubber, pharmaceuticals, and textiles & furniture. As of 2020, LyondellBasell Industries N.V. had a strong global workforce of 19,200 employees across all its operational facilities. This robust team contributes to the company’s commitment to innovation and excellence in its field.

  • SABIC - Founded in 1976, Saudi Basic Industries Corporation (SABIC) is a public company with its headquarters in Riyadh, Saudi Arabia. The Saudi Arabian government owns 70% of the company’s shares, with the remainder publicly traded. SABIC’s primary business is the production of petrochemical products. The company operates through five segments: petrochemicals, specialties, agri-nutrients, metals, and corporate. It caters to a variety of end-use markets such as agriculture, automotive, construction, consumer goods, electronics, healthcare, industrial, mass production, and packaging. SABIC has a global presence, serving customers in over 50 countries and operating from four regional offices in Asia, North America, Europe, and the Middle East & Africa. The company has 14 manufacturing sites across six U.S. states and operations in Canada and Mexico. In Asia, SABIC has a strong foothold with 40 offices and over 3,000 employees. In Saudi Arabia, SABIC’s manufacturing network comprises 17 affiliates based in Al-Jubail Industrial City in the Arabian Gulf. As of December 2016, the company had a global workforce of 35,000 employees.

  • Magna International, Inc. - Founded in 1962, Magna International, Inc., with its headquarters in Aurora, Canada, is a leading global manufacturer and supplier of automotive components. The company specializes in the design, development, manufacturing, and supply of automotive parts, assemblies, and module systems. Magna International produces blow-molded synthetic products for vehicle fuel systems and lightweight energy storage systems. Its customer base is diverse, including original equipment manufacturers (OEMs), tier one companies, medium & heavy truck manufacturers, and non-automotive entities such as BRP and Caterpillar, Inc. The company operates on a global scale, with manufacturing operations at 321 facilities and sales centers in 29 countries across North America, Europe, Asia, and South America. As of 2019, Magna International employed a workforce of 169,000 people worldwide. This strong team contributes to the company’s commitment to innovation and excellence in the automotive industry.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Injection Molded Plastic Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2023, historic information from 2019 to 2021, and forecast from 2024 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Injection Molded Plastic Market Report Assumptions:

  • The report provides market value for the base year 2023 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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