Blow Molding Resins Market – Global Industry Analysis and Forecast (2023-2029)

Blow Molding Resins Market is expected to grow at a CAGR of 7.2% during the forecast period. Global market is expected to reach US$ 84.49 Bn by 2029.

The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.High demand for blow molded products in various applications, such as pharmaceutical, food & beverages, chemical, and personal care is anticipated to drive demand for blow molding resins. Demand for blow molded products in the Automotive & Transportation industry for manufacturing of light-weight vehicles which in turn, is expected to drive the market. Volatility in raw material prices hampers the growth of the market.

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Polyethylene, polypropylene, polyethylene terephthalate, polyvinyl chloride and others are type segments of blow molding resin market. Polyethylene segment is leading in blow molding resin market followed by PET. The Polyethylene is widely used for packaging purpose. Excellent properties offer by the polyethylene such as high stiffness, high load melt strength and excellent rigidity drive the segment growth.

Automotive & Transportation & transportation, construction & infrastructure, packaging and others are end user segments of blow molding resin market. Packaging segment leads the market attributed to applications such as bottles, containers and cans are widely use in the food & beverages, chemical, pharmaceutical and personal care end-use industries.

Geographically, the market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Asia Pacific is dominating the market owed to demand for blow molding resins for applications, such as packaging, Automotive & Transportation & transportation, chemical and pharmaceuticals from economies, such as China, India and Japan.
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Global Blow Molding Resins Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 51.93 Bn.


Forecast Period 2023 to 2029 CAGR:
7.2%
Market Size in 2029:
US $ 84.49 Bn.


 Segments Covered:
by Type
Polyethylene
Polypropylene
Polyethylene Terephthalate
Polyvinyl Chloride
Others


by Application
Automotive & Transportation & Transportation
Construction & Infrastructure
Packaging
Others


by Technology
Injection blow molding
Extrusion blow molding
Stretch blow molding
Compound blow molding



By Region:
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
North America (United States, Canada and Mexico)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Key Players:
1. Exxon Mobil
2. Dowdupont
3. Lyondellbasell Industries Holdings B.V.
4. Sabic
5. China Petroleum Corporation
6. Ineos Group Holdings S.A.
7. Solvay
8. Formosa Plastics Group (FPG)
9. Eastman Chemical Company
10. Chevron Corporation
11. Lanxess
12. Qenos Pty Ltd.
13. Reliance Industries Limited
14. BASF SE
15. Versalis S.P.A
16. Westlake Chemical Corporation
17. Braskem
18. Haldia Petrochemicals Limited
19. AGC Chemicals Americas Inc.
20. LG Chem
21. Shin–Etsu Chemical Co. Ltd
22. Lotte Chemical UK Ltd
23. EMS-Chemie Holding AG

Frequently Asked Questions:

1. Which region has the largest share in Global Blow Molding Resins Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global Blow Molding Resins Market?
Ans: The Global market is growing at a CAGR of 7.2% during forecasting period 2023-2029.

3. What is scope of the Global Blow Molding Resins market report?
Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Blow Molding Resins market?
Ans: The important key players in the Global market are – Exxon Mobil, Dowdupont, Lyondellbasell Industries Holdings B.V., Sabic, China Petroleum Corporation, Ineos Group Holdings S.A., Solvay, Formosa Plastics Group (FPG), Eastman Chemical Company, Chevron Corporation, Lanxess, Qenos Pty Ltd., Reliance Industries Limited, BASF SE, Versalis S.P.A, Westlake Chemical Corporation, Braskem, Haldia Petrochemicals Limited, and AGC Chemicals Americas Inc.

5. What is the study period of this market?
Ans: The Global Blow Molding Resins is studied from 2022 to 2029.