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Wednesday, February 21, 2018

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Injection Molded Plastic Industry to Register 5% CAGR till

By Ryan Shaw, published on Feb 8, 2018

The global Injection Molded Plastic Market was valued at around USD 199.9 billion in 2015. It is expected to grow at a CAGR of approximately 5% during the forecast period (2016 - 2024). It will reach USD 296 billion by 2024. The growth of this market can be attributed to its growing demand in medical devices, home appliances, automotive, packaging, and electrical & electronic end-uses.

The molding process involves injecting molten plastic into molded products and solidifying them. The growth of this industry can be accredited to properties like heat resistance, pressure resistance,... (more)

Tags: injection moulded plastics

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