Asia Pacific Medical Injection Molded Plastic Market Size & Outlook
Asia Pacific medical injection molded plastic market, 2019-2030 (US$M)
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Asia Pacific medical injection molded plastic market highlights
- The Asia Pacific medical injection molded plastic market generated a revenue of USD 5,838.7 million in 2022.
- The market is expected to grow at a CAGR of 5.3% from 2023 to 2030.
- In terms of segment, polypropylene (pp) was the largest revenue generating product in 2022.
- Polypropylene (PP) is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 5,838.7 million |
| Market revenue in 2030 | USD 8,800.6 million |
| Growth rate | 5.3% (CAGR from 2022 to 2030) |
| Largest segment | Polypropylene (pp) |
| Fastest growing segment | Polypropylene (PP) |
| Historical data covered | 2019 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polypropylene (PP), Acrylonitrile Butadiene Styrene (ABS), Polyethylene (PE), Polystyrene (PS), Polycarbonate (PC) |
| Key market players worldwide | Dow Inc, SABIC, Eastman Chemical Co, Covestro AG, Evonik Industries AG, Sumitomo Chemical Co Ltd, Arkema SA, INEOS, Rutland Plastic Technologies |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 22.8% of the global medical injection molded plastic market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 8,800.6 million by 2030.
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Medical Injection Molded Plastic Market Scope
Medical Injection Molded Plastic Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific medical 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 medical injection molded plastic market will help companies and investors design strategic landscapes.
Polypropylene (pp) was the largest segment with a revenue share of 33.44% in 2022. Horizon Databook has segmented the Asia Pacific medical injection molded plastic market based on polypropylene (pp), acrylonitrile butadiene styrene (abs), polyethylene (pe), polystyrene (ps), polycarbonate (pc) covering the revenue growth of each sub-segment from 2019 to 2030.
The medical injection molded plastics market in Asia Pacific is expected to witness substantial growth on account of increasing applications of injection molded plastics in medical components, implants, and mobility aid among others.
Further, the demand for high-quality medical devices and components from hospitals in emerging economies such as China, India, and Japan is increasing on account of the rising population and the expenditure on the healthcare industry.
Furthermore, the recent rise of COVID-19 cases in China have created a huge demand for medical injection molded plastics in various medical applications such as testing equipment, medical bags, gloves, masks, medical containers, ventilators, syringes, surgical drapes, and personal protective equipment.
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Our clientele includes a mix of medical injection molded plastic market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific medical injection molded plastic market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific medical injection molded plastic market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific medical injection molded plastic market size, by country, 2019-2030 (US$M)
Asia Pacific Medical Injection Molded Plastic Market Outlook Share, 2022 & 2030 (US$M)
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