The Asia Pacific region is the largest market for blow molding resins across the globe

The Asia Pacific blow molding resins market is projected to grow at the highest CAGR during the forecast period. The growth of the Asia Pacific blow molding resins market can be attributed to the presence of the leading blow molding resins producers in the region. Moreover, the growing demand for blow molding resins in packaging applications, such as pharmaceutical and food & beverage products in countries, such as China, Japan, and India also contribute to the growth of the Asia Pacific blow molding resins market.

The increasing per capita expenditure on healthcare, personal care, and food products, large consumer base, growing urban population, low labor costs, and easy availability of raw materials are attracting international pharmaceutical, chemical, and food & beverage manufacturers to shift their production facilities to the region, thus creating high demand for the blow-molded products produced by blow molding resins in these industries. The Asia Pacific is the global manufacturing hub for the chemical industry, accounting for more than 50% of global chemical production output; this increases the demand for products, such as cans and containers, produced with the use of blow molding resins in the chemical industry.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=8448983

The target audiences for the blow molding resins market are as follows:
Manufacturers of Blow Molding Resins
Blow Molding Resin Compounders(those who prepare plastic formulations by mixing or/and blending polymers and additives into process ready pellets)
Blow Molding Resin Converters (those who convert plastic resins and compounds into finished products)
End-use Industries, such as Pharmaceutical, Food & Beverages, Personal Care, and Chemical, among others

Automotive & transportation is the second-fastest market for blow molding applications. Blow molding resins are used to produce auto-parts, such as panes and railings, bumper support, fenders, mudguards, door locking systems, consoles, garnish pillars, cockpit systems, and fuel tanks. Polyethylene, polypropylene, polyvinyl-chloride, polystyrene, polyethylene terephthalate, and acrylonitrile butadiene styrene are the commonly used blow molding resins in the automotive application. These resins are preferred in automotive applications owing to their minimal corrosion, which leads to longer vehicle life, substantial design freedom, innovation and creativity in vehicle development, and flexibility in integrating components.

Exxon Mobil (US), LyondellBasell (Netherlands), DowDuPont (US), SABIC (Saudi Arabia), INEOS (Switzerland), Solvay (Belgium), Formosa Plastics (Taiwan), Chevron (US), Eastman (US), China Petroleum (China), and Reliance Industries (India), among others are the key players operating in the blow molding resins market.

Request for Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=8448983

Extensive usage of blow molding resins for packaging products is expected to drive the growth of the market

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.

Blow molded products are being increasingly used across the globe, owing to their excellent properties, such as strong resistance to chemicals and moisture, flexibility in design, excellent impact resistance, and a wide range of hardnesses (flexible, semi-rigid, and rigid).

Download the PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=8448983

The blow molding resins market has been segmented on the basis of type, application, and region. Among types, the polyethylene blow molding resins segment is projected to grow at the highest CAGR between 2017 and 2022. Polyethylene blow molding resins are being preferred in various applications, owing to their low cost, moisture resistance, high chemical resistance, and excellent processability. These are used to produce blow molded products, such as household containers, personal care containers, fuel tanks, water tanks, and bottles.

The packaging applications segment of the blow molding resins market is projected to grow at the highest CAGR between 2017 and 2022. Increasing consumption of blow molding resins in packaging applications for pharmaceutical, food & beverages, chemical, and personal care products is expected to drive the growth of the segment. Automotive & transportation is the second-fastest market for blow molding applications. Blow molding resins are used to produce auto-parts, such as panes and railings, bumper support, fenders, mudguards, door locking systems, consoles, garnish pillars, cockpit systems, and fuel tanks. Polyethylene, polypropylene, polyvinyl-chloride, polystyrene, polyethylene terephthalate, and acrylonitrile butadiene styrene are the commonly used blow molding resins in the automotive application. These resins are preferred in automotive applications owing to their minimal corrosion, which leads to longer vehicle life, substantial design freedom, innovation and creativity in vehicle development, and flexibility in integrating components.

The Asia Pacific blow molding resins market is projected to grow at the highest CAGR between 2017 and 2022. The increasing per capita expenditure on healthcare, personal care, and food products, large consumer base, growing urban population, low labor costs, and easy availability of raw materials are attracting international pharmaceutical, chemical, and food & beverage manufacturers to shift their production facilities to the region, thus creating high demand for the blow-molded products produced by blow molding resins in these industries. The Asia Pacific is the global manufacturing hub for the chemical industry, accounting for more than 50% of global chemical production output; this increases the demand for products, such as cans and containers, produced with the use of blow molding resins in the chemical industry.

Read More: https://www.marketsandmarkets.com/PressReleases/blow-molding-resin.asp

Expansions, Acquisitions, and New Product Developments are the Key Strategies Adopted by the Leading Players in the Global Blow Molding Resins Market

The global market size for blow molding resins is estimated at USD 36.67 Billion in 2017, and is projected to reach USD 51.95 Billion by 2022, at a CAGR of 7.2% between 2017 and 2022. Expansions, acquisitions, and new product developments are the key strategies adopted by the major players to strengthen their footholds in the global blow molding resins market.

North America, followed by the Asia Pacific, and Middle East & Africa witnessed the maximum number of strategic developments undertaken by various players between 2012 and 2017.

Download the PDF Brochure @https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=8448983

Exxon Mobil (US), LyondellBasell (Netherlands), DowDuPont (US), SABIC (Saudi Arabia), INEOS (Switzerland), Solvay (Belgium), Formosa Plastics (Taiwan), Chevron (US), Eastman (US), China Petroleum (China), and Reliance Industries (India) are the leading blow molding resins manufacturers globally.

DowDuPont (US) is one of the leading players in the blow molding resins market. It is a US-based chemical company formed by the merger of Dow Chemical and DuPont in August 2017. The company has been focusing on new product launches and expansions to maintain its leading position in the market. For instance, in October 2016, E. I. du Pont (US) launched polyamide (PA66 and PA6) and glass-filled blow molding resins used for applications in the automotive industry. Also, in November 2014, Dow (US) expanded the production of polyethylene by revamping its production technology in Argentina. It revamped its four production units for Low Density Polyethylene (LDPE).

LyondellBasell (Netherlands) and Exxon Mobil (US) are other major players in the blow molding resins market. The company adopted the acquisitions strategy to establish its foothold in the Asia Pacific. For instance, in April 2016, the company acquired polypropylene compounder, Zylog Plastalloys Pvt. Ltd in India.

In October 2017, Exxon Mobil (US) started commissioning of the polyethylene production facility in Texas, US. This expansion is expected to increase capacity by 65% or 650,000 tons, which is expected to lead to a new production capacity of 2.5 million tons. The company is focusing on the production of high-performance polyethylene through this expansion. The company has commissioned blow molding resins production facilities closest to its upstream projects to have easy access to raw materials. This has enabled it to produce the resins at low cost.

Related Reports:

Blow Molding Resins Market by Type (Polyethylene, Polypropylene, Polyvinyl Chloride, Polyvinyl Terephthalate), Application (Packaging, Automotive & Transportation, Construction & Infrastructure), and Region – Global Forecast to 2022

Blow Molding Resins Market worth 51.95 Billion USD by 2022

The report “Blow Molding Resins Market by Type (Polyethylene, Polypropylene, Polyvinyl Chloride, Polyvinyl Terephthalate), Application (Packaging, Automotive & Transportation, Construction & Infrastructure), and Region – Global Forecast to 2022″, The blow molding resins market is estimated at USD 36.67 Billion in 2017 and projected to reach USD 51.95 Billion by 2022, at a CAGR of 7.2% from 2017 to 2022.

Ask for free sample reports @ 
https://www.marketsandmarkets.com/requestsampleNew.asp?id=8448983

Browse 156 Tables and 43 Figures spread through 164 Pages and in-depth TOC on “Blow Molding Resins Market”

The growth of the blow molding resins market can be attributed to the increasing consumption of blow molding resins in the packaging, food & beverages, and pharmaceutical industries. Blow molded products possess excellent stiffness and Environmental Stress Cracking Resistance (ESCR), high load melt strength, and excellent rigidity. Such properties enable the use of these resins for blow molding applications.

Among types, the polyethylenesegment of the blow molding resins market is projected to grow at the highest CAGR during the forecast period from 2017 to 2022

Based on type, the blow molding resins market has been segmented into polyethylene, polypropylene, polyvinyl chloride, polyethylene terephthalate, and others. Among types, the polyethylene segment is expected to grow at the highest CAGR during the forecast period from 2017 to 2022. The increased use of blow molding resins in various applications can be attributed to their high stiffness and Environmental Stress Cracking Resistance (ESCR), high load melt strength, and excellent rigidity.

Download PDF brochure @ 
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=8448983

The packaging application segment of the blow molding resins market is projected to grow at the highest CAGR between 2017 and 2022

Based on the application, the blow molding resins market has been segmented into packaging, automotive & transportation, construction & infrastructure, and others. The packaging segment is projected to be fastest-growing application segment during the forecast period. The growth of the segment is attributed to the increasing use of blow molded products to package pharmaceutical, food & beverages, cosmetics, and industrial products, such as chemicals, acids, and lubricants.

Automotive & transportation is projected to be the second largest market for blow molding resins during the forecast period. High demand for blow molding resins to produce automobile parts, such as panes and railings, bumper supports, fenders, mudguards, door locking systems, consoles, garnish pillars, cockpit systems, and fuel tanks is expected to fuel the growth of the segment.

The Asia Pacific blow molding resins market is projected to grow at the highest CAGR during the forecast period

Based on region, the blow molding resins market has been segmented into Asia Pacific, North America, Europe, South America, and Middle East and Africa. The Asia Pacific blow molding resins market is projected to grow at the highest CAGR during the forecast period. The growth of the Asia Pacific blow molding resins market can be attributed to the presence of the leading blow molding resins producers in the region. Moreover, the growing demand for blow molding resins in packaging applications, such as pharmaceutical and food & beverage products in countries, such as China, Japan, and India also contribute to the growth of the Asia Pacific blow molding resins market.

Exxon Mobil (US), LyondellBasell (Netherlands), DowDuPont (US), SABIC (Saudi Arabia), INEOS (Switzerland), Solvay (Belgium), Formosa Plastics (Taiwan), Chevron (US), Eastman (US), China Petroleum (China), and Reliance Industries (India), among others are the key players operating in the blow molding resins market.

Don’t miss out on business opportunities in Blow Molding Resins Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

Blow Molding Resins Market worth 51.95 Billion USD by 2022

The report “Blow Molding Resins Market by Type (Polyethylene, Polypropylene, Polyvinyl Chloride, Polyvinyl Terephthalate), Application (Packaging, Automotive & Transportation, Construction & Infrastructure), and Region – Global Forecast to 2022″, The blow molding resins market is estimated at USD 36.67 Billion in 2017 and projected to reach USD 51.95 Billion by 2022, at a CAGR of 7.2% from 2017 to 2022.

Browse 156 Tables and 43 Figures spread through 164 Pages and in-depth TOC on “Blow Molding Resins Market”

Early buyers will receive 10% customization on reports.

The growth of the blow molding resins market can be attributed to the increasing consumption of blow molding resins in the packaging, food & beverages, and pharmaceutical industries. Blow molded products possess excellent stiffness and Environmental Stress Cracking Resistance (ESCR), high load melt strength, and excellent rigidity. Such properties enable the use of these resins for blow molding applications.

Among types, the polyethylenesegment of the blow molding resins market is projected to grow at the highest CAGR during the forecast period from 2017 to 2022

Based on type, the blow molding resins market has been segmented into polyethylene, polypropylene, polyvinyl chloride, polyethylene terephthalate, and others. Among types, the polyethylene segment is expected to grow at the highest CAGR during the forecast period from 2017 to 2022. The increased use of blow molding resins in various applications can be attributed to their high stiffness and Environmental Stress Cracking Resistance (ESCR), high load melt strength, and excellent rigidity.

Request for free sample reports: 
https://www.marketsandmarkets.com/requestsampleNew.asp?id=8448983

The packaging application segment of the blow molding resins market is projected to grow at the highest CAGR between 2017 and 2022

Based on the application, the blow molding resins market has been segmented into packaging, automotive & transportation, construction & infrastructure, and others. The packaging segment is projected to be fastest-growing application segment during the forecast period. The growth of the segment is attributed to the increasing use of blow molded products to package pharmaceutical, food & beverages, cosmetics, and industrial products, such as chemicals, acids, and lubricants.

Automotive & transportation is projected to be the second largest market for blow molding resins during the forecast period. High demand for blow molding resins to produce automobile parts, such as panes and railings, bumper supports, fenders, mudguards, door locking systems, consoles, garnish pillars, cockpit systems, and fuel tanks is expected to fuel the growth of the segment.

Download PDF to Know More @ 
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=8448983

The Asia Pacific blow molding resins market is projected to grow at the highest CAGR during the forecast period

Based on region, the blow molding resins market has been segmented into Asia Pacific, North America, Europe, South America, and Middle East and Africa. The Asia Pacific blow molding resins market is projected to grow at the highest CAGR during the forecast period. The growth of the Asia Pacific blow molding resins market can be attributed to the presence of the leading blow molding resins producers in the region. Moreover, the growing demand for blow molding resins in packaging applications, such as pharmaceutical and food & beverage products in countries, such as China, Japan, and India also contribute to the growth of the Asia Pacific blow molding resins market.

Exxon Mobil (US), LyondellBasell (Netherlands), DowDuPont (US), SABIC (Saudi Arabia), INEOS (Switzerland), Solvay (Belgium), Formosa Plastics (Taiwan), Chevron (US), Eastman (US), China Petroleum (China), and Reliance Industries (India), among others are the key players operating in the blow molding resins market.

Don’t miss out on business opportunities in Blow Molding Resins Market. Speak to our analyst and gain crucial industry insights that will help your business grow.