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Blow Molding Resin Market Share

Report ID: GMI9150
Published Date: Apr 2024
Report Format: PDF

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Blow Molding Resin Market Share

Blow Molding Resin Market Company Share, 2023

Blow molding resin manufacturers are focusing on innovation and sustainability to maintain competitiveness. Strategies include investing in research and development to develop high-performance resins with improved properties and processing capabilities. Additionally, manufacturers are expanding their product portfolios to offer a wider range of specialized resins tailored to specific end-use applications. Moreover, there's a growing emphasis on sustainability, with companies incorporating recycled and bio-based materials into their resin formulations to meet increasing demand for eco-friendly solutions in the market.

Blow Molding Resin Market Companies

Major players operating in the global market include:

Chevron Corporation
Dow
Eastman Chemical Company
Exxon Mobil
INEOS
Lanxess
Lyondellbasell Industries
SABIC
Solvay
Toray Industries

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Industry size for blow molding resin recorded USD 11.1 billion in 2023 and will depict over 6.6% CAGR from 2024 to 2032, led by the increasing demand for lightweight and sustainable packaging solutions across food & beverage, pharmaceutical, and automotive sectors.

The polyethylene resin segment in the blow molding resin industry is estimated to be worth over USD 6.2 billion by 2032, due to the surging demand for recycled PE resins and increasing environmental concerns and regulatory mandates.

Asia Pacific industry is anticipated to grow at 6.2% CAGR from 2024 to 2032 and is projected to be worth USD 6.3 billion by 2032, owing to the expanding manufacturing industries and the rising consumer demand for packaged goods.

Chevron Corporation, Dow, Eastman Chemical Company, Exxon Mobil, INEOS, Lanxess, Lyondellbasell Industries, SABIC, Solvay, and Toray Industries are some of the leading blow molding resin companies worldwide.