Explore Global injection molded plastics market outlook that is poised to grow at a CAGR of 5.36% to 2018

The Global Injection Molded Plastics market can be divided on the basis of application into the following segments: Packaging, Consumer Goods, Automotive, Construction, Healthcare, and Others.

Injection molded plastics are produced by injecting compressed liquid plastic into a mold and releasing it after it is cooled and solidified. The major raw materials used commercially in the molding process include PP, ABS, HDPE, and PS. Injection molded plastics provide the benefits of flexible designing and low cost of mass production. It is used in various industries including Automotive, Packaging, and Consumer Goods, among others. Because of their light weight, injection molded plastics are increasingly being used to replace metals in various industrial applications.

Analysts forecast the Global Injection Molded Plastics market to grow at a CAGR of 5.36 percent over the period 2013-2018.