Product ID: UCMIG15A2119
Report ID:
UCMIG15A2119 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The estimated size of the global injection molding market was USD 261.8 billion in 2021, and it is projected to grow at a CAGR of 4.8% from 2022 to 2030. The demand for mass production of identical components at lower costs, along with design flexibility and precision, from end-user industries such as packaging, medical, and electronics, is expected to be the driving factor behind market growth. However, the global economic recovery has been impacted by the emergence of the omicron strain in 2021, which has high transmissibility and can infect vaccinated individuals. This may result in lockdowns and supply chain disruptions, posing potential challenges to the market.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Commodity Chemicals by segment aggregation, the contribution of the Commodity Chemicals in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG15A2119