Global Blow Molding Resins Market Overview
Blow Molding Resins Market accounted for US$ 44.77 billion in 2020 and is estimated to be US$ 92.08 billion by 2030 and is anticipated to register a CAGR of 7.50%
Blow Molding Resins Market are applicable in blow molding processes. Blow molding is a process of forming hollow products by expanding plastic parts against internal surface of a mold by using resins. Thus, products formed possess chemical, scratch, and abrasion resistance along with high gloss. Blow molded products also inhibits stiffness, environmental stress cracking resistance, high load melt strength, and rigidity. Such properties enhance the use of resin for blow molding applications. Blow molding resin is used in various applications such as packaging, automotive, and construction industries. Blow molding resin is used for the production of bottles, cans, and containers that are used in pharmaceutical, food & beverages, personal care, and chemical industries.
Global Blow Molding Resins Market Drivers & Restraints
High demand for blow molding resins
High demand for blow molding resins across various industrial verticals such as packaging and automotive & transportation, is major factor expected to drive growth of the global blow molding resins market over the forecast period. Automotive light-weighting factor is propelling the demand for growth of the global market.
Increasing application scope in healthcare
Increasing application scope in the healthcare and consumable & electronics industries is key factor expected to support revenue growth of the target market over the forecast period. In addition, numerous advantages and features offered by blow molding resins such as excellent stiffness, high load melt strength, environmental stress cracking resistance, and excellent rigidity, are boosting growth of the target market.
Fluctuation in crude oil prices
However, Fluctuation in crude oil prices is hampering growth of blow molding resins market. Nevertheless, high demand for blow molding resins in emerging countries creates lucrative growth opportunities.
Global Blow Molding Resins Market Segmentations & Regional Insights
Blow molding resins market is segmented based on type, technology, application, and region.
On the basis of type, the market is segmented into polyethylene, polypropylene, polyvinyl chloride, polyethylene terephthalate, and others. Based on technology, the target market is bifurcated into injection blow molding, extrusion blow molding, stretch blow molding, and compound blow molding.
On the basis of application, the market is classified into packaging, automotive & transportation, building & construction, and others. Packaging segment of the global market is projected to grow at the highest rate in terms of revenue over forecast period. Food & beverages, pharmaceutical, chemical, and personal care industries are major consumers of blow molded products in packaging applications, which are used to produce bottles, cans, and containers.
Regional Insights:
For detailed understanding of market dynamics, On the basis of region, the blow molding resins market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific global market is expected to account for significant share in terms of revenue. In addition, the Asia Pacific is also expected to register faster growth in terms of revenue over the forecast period, owing to increasing demand from consumable & electronics and automotive & transportation industries in this region. The market in China is expected to account for major share in terms of revenue in the Asia Pacific.
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Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2030 |
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Market representation |
Revenue in USD Billion & CAGR from 2020 – 2030 |
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Market Segmentation |
By Type- Polyethylene, Polypropylene, Polyvinyl Chloride, Polyethylene Terephthalate, and Others By Technology- Injection Blow Molding, Extrusion Blow Molding, Stretch Blow Molding, and Compound Blow Molding By Application- Packaging, Automotive & Transportation, Building & Construction, and Others |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Detailed Segmentation:
Blow Molding Resins Market, By Region:
- North America
- Middle East & Africa
- Middle East & Africa Global Blow Molding Resins Market, By Type
- Middle East & Africa Global Blow Molding Resins Market, By Technology
- Middle East & Africa Global Blow Molding Resins Market, By Application
- Middle East & Africa Global Blow Molding Resins Market, By Country
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Latin America Global Blow Molding Resins Market, By Type
- Latin America Global Blow Molding Resins Market, By Technology
- Latin America Global Blow Molding Resins Market, By Application
- Latin America Global Blow Molding Resins Market, By Country
- Brazil
- Mexico
- Rest of Latin America
- Asia Pacific
- Asia Pacific Global Blow Molding Resins Market, By Type
- Asia Pacific Global Blow Molding Resins Market, By Technology
- Asia Pacific Global Blow Molding Resins Market, By Application
- Asia Pacific Global Blow Molding Resins Market, By Country
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Europe
- Europe Global Blow Molding Resins Market, By Type
- Europe Global Blow Molding Resins Market, By Technology
- Europe Global Blow Molding Resins Market, By Application
- Europe Global Blow Molding Resins Market, By Country
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- North America Global Blow Molding Resins Market, By Type
- North America Global Blow Molding Resins Market, By Technology
- North America Global Blow Molding Resins Market, By Application
- North America Global Blow Molding Resins Market, By Country
- Canada
- Middle East & Africa
Global Blow Molding Resins Market Competitive Landscape & Key Players
Advancements in the product as well as in manufacturing process, product launches, and strategic partnerships are some trends witnessed in the Blow Molding Resins Market. The key players operating in the global blow molding resins market includes DuPont de Nemours, Inc., Eastman Chemical Company, Exxon Mobil Corporation, Solvay SA, Chevron Corporation, Reliance Industries Limited, Lyondell Basell Industries Holdings B.V., SABIC, INEOS Group Ltd., and Formosa Plastics Corporation.
Global Blow Molding Resins Market Company Profile
- DuPont de Nemours
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- Company Overview
- Application Portfolio
- Key Highlights
- Financial Performance
- Business Strategies Overview
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- Eastman Chemical Company
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- Company Overview
- Application Portfolio
- Key Highlights
- Financial Performance
- Business Strategies Overview
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- Exxon Mobil Corporation
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- Company Overview
- Application Portfolio
- Key Highlights
- Financial Performance
- Business Strategies Overview
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- Solvay SA, Chevron Corporation
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- Company Overview
- Application Portfolio
- Key Highlights
- Financial Performance
- Business Strategies Overview
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- Reliance Industries Limited
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- Company Overview
- Application Portfolio
- Key Highlights
- Financial Performance
- Business Strategies Overview
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- Lyondell Basell Industries Holdings B.V.
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- Company Overview
- Application Portfolio
- Key Highlights
- Financial Performance
- Business Strategies Overview
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- SABIC
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- Company Overview
- Application Portfolio
- Key Highlights
- Financial Performance
- Business Strategies Overview
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- INEOS Group Ltd.
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- Company Overview
- Application Portfolio
- Key Highlights
- Financial Performance
- Business Strategies Overview
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- Formosa Plastics Corporation
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- Company Overview
- Application Portfolio
- Key Highlights
- Financial Performance
- Business Strategies Overview
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Global Blow Molding Resins Market Highlights
FAQs
Blow molding resins market is segmented based on type, technology, application, and region.
High demand for blow molding resins across various industrial verticals such as packaging and automotive & transportation, is major factor expected to drive growth of the global blow molding resins market over the forecast period.
Asia-Pacific dominated the worldwide market of renewable methanol during the forecast year.
The key players operating in the blow molding resins market includes DuPont de Nemours, Inc., Eastman Chemical Company, Exxon Mobil Corporation, Solvay SA, Chevron Corporation, Reliance Industries Limited, Lyondell Basell Industries Holdings B.V., SABIC, INEOS Group Ltd., and Formosa Plastics Corporation.