The North America blow molded plastic market
size is projected to reach USD 5.09 billion by 2025, according to a new
report by Grand View Research, Inc., exhibiting a 4.3% CAGR during the
forecast period. Blow molding is a revolutionary form of technology
capable of producing various types of plastic products. It offers
multiple methods of production such as extrusion blow molding. Primary
raw materials used in the production of blow molded plastics include
polypropylene (PP), acrylonitrile butadiene styrene, polyethylene (PE),
polystyrene (PS), polyvinyl chloride (PVC), and polyethylene
terephthalate (PET).
Blow molded plastics are rapidly replacing conventional
materials such as wood, glass, and engineered plastics in various
applications due to their flexibility, lubricity, and better strength
and stiffness These plastics are also flame-retardant and have excellent
UV stability and antioxidant properties). These factors are anticipated
to drive the market growth over the forecast period. Increasing demand
from the packaging and automobile industry is expected to be the major
factor driving the product demand over the forecast period. Demand for
these products was the highest in U.S. due to presence of several
end-use companies in the region.
Canada also plays a significant role in the growth of
plastic manufacturing industry in North America. In Mexico, the plastic
manufacturing sector is in a developing stage. However, steadily
increasing demand from domestic end-use industries and expanding export
activities have helped increase productivity. These developments in
Mexico and Canada along with their initiatives to attract Foreign Direct
Investments (FDIs) for the manufacturing sectors are expected to add to
their local plastic production.
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Further key findings from the study suggest:
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Automotive industry is one of the fastest growing end-use industries for blow molded plastics
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With rapid technological developments in automobile, conventional
plastics have been replaced with lightweight, high-performance
materials, which possess properties of both plastic and rubber. This
will drive the marker growth
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Issues such as disposability and degradation of PET bottles have
pushed environmental agencies and governments to implement stringent
regulations and legislations
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Bio-based PET bottles are being increasingly used as a substitute in
carbonated soft drink packaging and their demand is increasing
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Extrusion blow molded plastics was the largest segment accounting for
33.3% of the total market size in terms of revenue in 2016. The segment
is expected to increase in the coming years as it is relatively cheaper
than other molding processes
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Increasing focus on reducing vehicle weight to increase fuel
efficiency without compromising product quality is the primary concern
of the automobile manufacturers. Plastics are the main alternatives for
metal components that meet all the quality and safety standards. This is
expected to fuel the product demand in the automobile sector.
Grand View Research has segmented the North America blow
molded plastics market on the basis of basis of technology, product,
application, and region:
North America Blow Molded Plastics Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
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Extrusion
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Injection
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Stretch
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Compound
North America Blow Molded Plastics Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
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Polypropylene (PP)
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Acrylonitrile butadiene styrene (ABS)
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Polyethylene (PE)
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Polystyrene (PS)
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Polyvinyl Chloride (PVC)
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Polyethylene Terephthalate (PET)
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Others
North America Blow Molded Plastics Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
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Packaging
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Consumables & Electronics
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Automotive & Transport (Automotive blow molded air ducts and Automotive blow molded turbo ducts)
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Building & Construction
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Medical
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Others
