Share, Trend, and Growth Opportunity Analysis Report Coverage: By Material (Acrylonitrile Butadiene Styrene, Nylon, Polyethylene, Polypropylene, Polystyrene, Polycarbonate, Thermoplastic Polyurethane, and Others), and End Use [Residential Construction, Non-Residential Construction, Energy (Oil and Gas) and Mining, Retail Stores and Restaurants, Petrochemical and Chemical, Transportation Providers, Vehicle Aftermarket, HVAC, Vehicle Manufacturers, Consumer, Construction and Agricultural Equipment, Military, Aerospace, Food and Agriculture, Healthcare, and Others]
No. of Pages:
111
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Report Code:
BMIRE00030574
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Category:
Chemicals and Materials
US injection molded plastics market is expected to grow from US$ 54.77 billion in 2023 to US$ 77.59 billion by 2031. It is expected to grow at a CAGR of 4.5% from 2023 to 2031.
Molded plastics are produced by injection molding process. In the US injection molded plastics market, the concentration of end-users is high. It is used for manufacturing of wide range of products such as packaging, consumer goods, automotive, construction materials and aerospace, among others. The customer base for injection molded plastics is expected to broaden over the coming years. The injection molded plastics demand in the US has been steadily increasing owing to the growing construction industry and surging infrastructure development. The construction industry strongly contributes to the US economy. Every year, US$ 1.4 trillion worth of structures are built nationwide.
The market witnesses broad range of strategic market initiatives by key players. Injection molded plastics manufacturers engage in mergers & acquisitions, collaborations, and other strategic developments to expand their clientele and enhance their market position. For instance, in April 2023, France-based Clayens acquired Parkway Products, expanding into North America with eight US locations, serving various industries, including industrial, infrastructure, agriculture, aerospace, defense, transportation, and healthcare. The acquisitions were aimed to cater to the growing demand for injection molded plastics in the US and expand its geographical reach. To cite another instance, in July 2021, Revere Plastics Systems acquired Ferguson Production Inc., a McPherson, Kansas-based company. This acquisition expands Revere's North American manufacturing footprint from 8 to 9 locations.
A few of the players in the market are also expanding their manufacturing units to cater to the growing demand for injection molded plastics in various end-use industries. For instance, in February 2024, Mack Molding, a top custom plastic injection molder and contract manufacturing service provider, expanded its press fleet at its Cavendish facility, adding a 240-ton Milacron Electric Roboshot E240 press and a 125-ton Milacron Q110 Hybrid press to its total production capacity. The expansion was aimed to cater to the growing demand for injection molded plastics from various end-use industries. Thus, strategic initiatives by key players are expected to fuel the US injection molded plastics market growth during the forecast period.
Based on material, the US injection molded plastics market is segmented into acrylonitrile butadiene styrene, nylon, polyethylene, polypropylene, polystyrene, polycarbonate, thermoplastic polyurethane, and others. In 2023, polypropylene segment held a significant market share and acrylonitrile butadiene styrene segment is expected to be the fastest-growing segment during the forecast period. The demand for acrylonitrile butadiene styrene (ABS) material in the injection molded plastics market is experiencing growth due to its unique properties. ABS offers a balance of unique properties, including excellent impact resistance, rigidity, and heat resistance, making it suitable for a wide range of applications across industries such as automotive, electronics, and consumer goods. In addition, ABS is also known for its ease of processing, allowing for efficient and cost-effective manufacturing of complex parts with intricate designs.
Polyethylene (PE) is being increasingly used for the development of injection molded plastics, owing to its versatility, performance, and sustainability. Polyethylene is highly versatile, offering a broad range of grades with varying densities and properties, catering to diverse applications such as packaging, automotive, construction, and healthcare. Its lightweight nature, coupled with excellent chemical resistance and durability, makes it a preferred choice for packaging materials, automotive components, and consumer products. Polypropylene offers a unique combination of properties, including excellent chemical resistance, stiffness, and thermal stability, making it suitable for a diverse range of applications spanning the automotive, packaging, appliances, and healthcare sectors. Its lightweight nature and ability to withstand high temperatures make it an ideal choice for components requiring durability and reliability.
Wilbert Plastic Services Inc, Rodon Ltd, Texas Injection Molding LLC, Nicolet Plastics LLC, Britech Industries, Ironwood Plastics Inc, Jones Plastic & Engineering LLC, Hi-Tech Mold and Tool Inc, Valencia Plastics Inc, Abtec Inc, Mack Group Inc, Bemis Contract Group, Revere Plastics Systems LLC, Parkway Products LLC, Thomson Plastics Inc, and Baxter Enterprises LLC, are among the leading players in the US injection molded plastics market. These companies are adopting mergers & acquisitions and product launches to expand their geographic presence and consumer bases.
The overall US injection molded plastics market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights. Participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers-along with external consultants, including valuation experts, research analysts, and key opinion leaders-specializing in the US injection molded plastics market.
US Injection Molded Plastics Strategic Insights
Strategic insights for the US Injection Molded Plastics provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
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US Injection Molded Plastics Report Scope
Report Attribute
Details
Market size in 2023
US$ 54.77 Billion
Market Size by 2031
US$ 77.59 Billion
Global CAGR (2023 - 2031)
4.5%
Historical Data
2021-2022
Forecast period
2024-2031
Segments Covered
By Material
Acrylonitrile Butadiene Styrene
Nylon
Polyethylene
Polypropylene
Polystyrene
Polycarbonate
Thermoplastic Polyurethane
By End Use
Residential Construction
Non-Residential Construction
Energy
Mining
Retail Stores and Restaurants
Petrochemical and Chemical
Transportation Providers
Vehicle Aftermarket
HVAC
Vehicle Manufacturers
Consumer
Construction and Agricultural Equipment
Military
Aerospace
Food and Agriculture
Healthcare
Regions and Countries Covered
United States
United States
Market leaders and key company profiles
Rodon Ltd
Texas Injection Molding LLC
Ironwood Plastics Inc
Jones Plastic & Engineering LLC
Hi-Tech Mold and Tool Inc
Valencia Plastics Inc
Abtec Inc
Mack Group Inc
Revere Plastics Systems LLC
Thomson Plastics Inc
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US Injection Molded Plastics Regional Insights
The geographic scope of the US Injection Molded Plastics refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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The List of Companies - US Injection Molded Plastics Market
Rodon Ltd
Texas Injection Molding LLC
Ironwood Plastics Inc
Jones Plastic & Engineering LLC
Hi-Tech Mold and Tool Inc
Valencia Plastics Inc
Abtec Inc
Mack Group Inc
Revere Plastics Systems LLC
Thomson Plastics Inc
Frequently Asked Questions
How big is the US Injection Molded Plastics Market?
The US Injection Molded Plastics Market is valued at US$ 54.77 Billion in 2023, it is projected to reach US$ 77.59 Billion by 2031.
What is the CAGR for US Injection Molded Plastics Market by (2023 - 2031)?
As per our report US Injection Molded Plastics Market, the market size is valued at US$ 54.77 Billion in 2023, projecting it to reach US$ 77.59 Billion by 2031. This translates to a CAGR of approximately 4.5% during the forecast period.
What segments are covered in this report?
The US Injection Molded Plastics Market report typically cover these key segments-
End Use (Residential Construction, Non-Residential Construction, Energy, Mining, Retail Stores and Restaurants, Petrochemical and Chemical, Transportation Providers, Vehicle Aftermarket, HVAC, Vehicle Manufacturers, Consumer, Construction and Agricultural Equipment, Military, Aerospace, Food and Agriculture, Healthcare)
What is the historic period, base year, and forecast period taken for US Injection Molded Plastics Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the US Injection Molded Plastics Market report:
Historic Period : 2021-2022
Base Year : 2023
Forecast Period : 2024-2031
Who are the major players in US Injection Molded Plastics Market?
The US Injection Molded Plastics Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
Rodon Ltd
Texas Injection Molding LLC
Ironwood Plastics Inc
Jones Plastic & Engineering LLC
Hi-Tech Mold and Tool Inc
Valencia Plastics Inc
Abtec Inc
Mack Group Inc
Revere Plastics Systems LLC
Thomson Plastics Inc
Who should buy this report?
The US Injection Molded Plastics Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the US Injection Molded Plastics Market value chain can benefit from the information contained in a comprehensive market report.
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WHAT'S INCLUDED IN FULL REPORT : Market Dynamics,
Competitive Analysis and Assessment, Define Business Strategies, Market Outlook and
Trends, Market Size and Share Analysis, Growth Driving Factors, Future Commercial
Potential, Identify Regional Growth Engines