Blow Molding Resin Market Size (2024 - 2029)

The Blow Molding Resin Market is anticipated to experience growth over the forecast period, driven by increasing demand from the packaging and construction sectors, particularly in the Asia-Pacific region. Despite challenges such as the lingering effects of the COVID-19 pandemic and high maintenance costs, the market is poised for expansion due to innovations in production techniques and ongoing research and development activities. The Asia-Pacific region is expected to lead the market, fueled by rapid urbanization and industrialization in countries like China, Japan, and India.

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Market Size of Blow Molding Resin Industry

Blow Molding Resin Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 5.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Blow Molding Resin Market Major Players

*Disclaimer: Major Players sorted in no particular order

Blow Molding Resin Market Analysis

The Blow Molding Resin Market is expected to register a CAGR of over 5% during the forecast period.

The COVID-19 pandemic impacted the market negtively, as lockdowns, social distances, and trade sanctions triggered massive disruptions to global supply chain networks. The construction industry witnessed a decline due to the halt in activities. However, the condition recovered in 2021, which was expected to benefit the market during the forecast period.

  • Over the medium term, the factors driving the market growth for blow molding resins are rising demand from the packaging industry and construction sector in the Asia-Pacific region.
  • However, on the flip side, the COVID-19 impact and high maintenance cost associated with blow molding resins are expected to hinder the market growth.
  • The production technique innovation and ongoing R&D activities provide an opportunity for the market to grow in the future.
  • Asia-Pacific is expected to dominate the global market due to rapid urbanization and industrialization, leading to a huge demand for blow molding resins from countries such as China, Japan, and India.

Blow Molding Resin Industry Segmentation

Blow molding is a method of producing hollow plastic parts by forming and joining them together. It is also used to produce glass bottles and other hollow shapes. There are three main types of blow molding: extrusion blow molding, injection blow molding, and injection stretch blow molding.

The Blow Molding Resin Market is segmented by type, end-user industry, and geography. By type, the market is segmented into polyethylene, polypropylene, polyvinyl chloride, polyethylene terephthalate, and others. By end-user industry, the market is segmented into packaging, transportation, construction, electronics, and other end-user industries. The report also covers the market size and forecasts for the blow molding resin market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done based on volume (kilo metric tons).

By Type
Polyethylene
Polypropylene
Polyvinyl Chloride
Polyethylene Terephthalate
Other Types
By End-user Industry
Packaging
Transportation
Construction
Electronics
Other End-user Industries
By Geography
Asia Pacific
China
India
Japan
South Korea
Rest of Asia Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Blow Molding Resin Market Size Summary

The Blow Molding Resin Market is poised for significant growth, driven by increasing demand from the packaging and construction sectors, particularly in the Asia-Pacific region. The market experienced setbacks due to the COVID-19 pandemic, which disrupted global supply chains and led to a decline in the construction industry. However, recovery began in 2021, setting the stage for future growth. The Asia-Pacific region is expected to lead the market, fueled by rapid urbanization and industrialization in countries like China, Japan, and India. The demand for blow molding resins, such as polyethylene and polyethylene terephthalate, is bolstered by their widespread use in manufacturing bottles and containers for various applications, ranging from consumer products to industrial uses. Despite challenges like high maintenance costs, innovations in production techniques and ongoing research and development activities present opportunities for market expansion.

The global market for blow molding resins is characterized by a fragmented landscape with numerous players, including major companies like Exxon Mobil Corporation, Eastman Chemical Company, SABIC, Solvay, and Chevron Phillips Chemical Company LLC. These companies are actively expanding their product offerings and manufacturing capabilities to meet the growing demand. The packaging industry, particularly in China and India, is expected to experience robust growth, further driving the demand for blow molding resins. Additionally, infrastructure investments and the burgeoning electric vehicle industry in South Korea are anticipated to contribute to market growth. The market's trajectory is supported by the increasing production of plastic bottles and containers, driven by consumer trends and the need for on-the-go packaging solutions.

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Blow Molding Resin Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Rising Demand from the Packaging Industry

      2. 1.1.2 Growing Construction Sector in Asia Pacific

    2. 1.2 Restraints

      1. 1.2.1 Impact of COVID-19 Pandemic

      2. 1.2.2 High Maintenance Cost Associated with Blow Molding Resins

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size in Volume)

    1. 2.1 By Type

      1. 2.1.1 Polyethylene

      2. 2.1.2 Polypropylene

      3. 2.1.3 Polyvinyl Chloride

      4. 2.1.4 Polyethylene Terephthalate

      5. 2.1.5 Other Types

    2. 2.2 By End-user Industry

      1. 2.2.1 Packaging

      2. 2.2.2 Transportation

      3. 2.2.3 Construction

      4. 2.2.4 Electronics

      5. 2.2.5 Other End-user Industries

    3. 2.3 By Geography

      1. 2.3.1 Asia Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 France

        4. 2.3.3.4 Italy

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Blow Molding Resin Market Size FAQs

The Blow Molding Resin Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

Exxon Mobil Corporation , Eastman Chemical Company, SABIC, Solvay and Chevron Phillips Chemical Company LLC are the major companies operating in the Blow Molding Resin Market.

Blow Molding Resin Report Snapshots

Blow Molding Resin Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)