China Injection Molded Plastic Market Size & Outlook
China injection molded plastic market, 2019-2030 (US$M)
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China injection molded plastic market highlights
- The China injection molded plastic market generated a revenue of USD 50,903.3 million in 2023 and is expected to reach USD 76,940.9 million by 2030.
- The China market is expected to grow at a CAGR of 6.1% from 2024 to 2030.
- In terms of segment, polypropylene was the largest revenue generating raw material in 2023.
- Polypropylene is the most lucrative raw material segment registering the fastest growth during the forecast period.
Injection molded plastic market data book summary
| Market revenue in 2023 | USD 50,903.3 million |
| Market revenue in 2030 | USD 76,940.9 million |
| Growth rate | 6.1% (CAGR from 2023 to 2030) |
| Largest segment | Polypropylene |
| Fastest growing segment | Polypropylene |
| Historical data | 2019 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polypropylene, Acrylonitrile butadiene styrene, High-density polyethylene, Polystyrene, Other Raw Materials |
| Key market players worldwide | Exxon Mobil Corp, Basf SE, DuPont de Nemours Inc, Dow Inc, Huntsman Corp, Eastman Chemical Co, INEOS, LyondellBasell Industries NV Class A, SABIC, Magna International Inc, IAC Inc Ordinary Shares - New, Berry Global Group Inc, HTI Plastics, AptarGroup Inc, The Rodon Group |
Other key industry trends
- In terms of revenue, China accounted for 15.4% of the global injection molded plastic market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China injection molded plastic market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 11,326.2 million by 2030.
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Injection Molded Plastic Market Scope
Injection Molded Plastic Market Companies
| Name | Profile | # Employees | HQ | Website |
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China injection molded plastic market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to injection molded plastic market will help companies and investors design strategic landscapes.
Polypropylene was the largest segment with a revenue share of 34.4% in 2023. Horizon Databook has segmented the China injection molded plastic market based on polypropylene, acrylonitrile butadiene styrene, high-density polyethylene, polystyrene, other raw materials covering the revenue growth of each sub-segment from 2019 to 2030.
China injection molded plastics market is anticipated to witness a promising growth over the forecast period. Healthy growth among the key manufacturing industries including automotive, medical, and electrical & electronics is likely to contribute substantially toward the ascending demand for plastics in China.
Motor vehicle industry in the country is expanding on account of a strong need for automobiles as well as various other vehicle types including medium & heavy trucks and buses. Automobile industry in China is witnessing a huge growth over the recent past.
The continued growth in production of vehicles is attributed to strong demand of automobiles along with commercial bus and trucks. The high demand for cars including commercial buses and trucks has driven the increased production of vehicles in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the China injection molded plastic market , including forecasts for subscribers. This country databook contains high-level insights into China injection molded plastic market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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China injection molded plastic market outlook size, by raw material, 2019-2030 (US$M)
China Injection Molded Plastic Market Outlook Share, 2023 & 2030 (US$M)
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