The Blow Molding Resins market is expected to grow from USD 44.10 billion in 2019 to USD 66.18 billion by 2025 at a CAGR of 7% from 2019 to 2025.
The high demand for blow wrought products in varied applications, like pharmaceutical, food & beverages, chemical, and private care is predicted to drive demand for blow molding resins. Increasing demand for light-weight vehicles is another major issue supply the demand for blow wrought product within the automotive business, that successively is predicted to drive the market. However, fluctuations in material costs are predicted to restrain the expansion of the market.
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The global Blow Molding Resins market has been segmented as below:
By Application
Packaging
Automotive & Transportation
Construction & Infrastructure
Others
By Type
Polyethylene
Polypropylene
Polyvinyl Chloride
Polyethylene Terephthalate
Others
By Region
North America
Europe
Asia-Pacific
Rest of the World
Competitive Rivalry
Exxon Mobil, Lyondellbasell Industries Holdings B.V., Dowdupont, Sabic, Ineos Group Holdings S.A., China Petroleum Corporation, Solvay, Eastman Chemical Company, Formosa Plastics Group (FPG), Chevron Corporation, and others are among the major players in the market. The companies studied in terms of product strategy and various n several growths and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
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