Blow molding resins are used in blow molding processes. Blow molding is a process of forming hollow products by expanding plastic parts against internal surface of a mold by using resins. Thus, products formed possess chemical, scratch, and abrasion resistance along with high gloss. Blow molded products also exhibit stiffness, environmental stress cracking resistance, high load melt strength, and rigidity. Such properties enhance the use of resin for blow molding applications. Blow molding resin is used in various applications. It is employed in packaging, automotive, and construction industries. Blow molding resin is used for the production of bottles, cans, and containers that are used in pharmaceutical, food & beverages, personal care, and chemical industries.
By Type, the blow molding resins market is segmented such as polyethylene, polypropylene, polyvinyl chloride, and polyethylene terephthalate. Polyethylene is expected to be a rapidly growing segment of the market during the forecast period. Polyethylene blow molding resin is used in various application to contributed to their stiffness, Environmental Stress Cracking Resistance (ESCR), high load melt strength, and provide excellent rigidity. In terms of application, the blow molding resin market can be segmented into packaging, automotive & transportation, construction & infrastructure, and others. Packaging is estimated to be a rapidly growing segment during the forecast period. Rise in usage of blow molded resin products to package pharmaceutical, food & beverages, cosmetics, and industrial products such as chemicals, acids, and lubricants is driving the market. Automotive & transportation is the major segment in terms of application.
In terms of region, the blow molding resin market can be segmented into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. The blow molding resin market in Asia Pacific is estimated to expand significantly during the forecast period. Presence of leading blow molding resin producers in the region is driving the market in the region. Increase in usage of blow molding resins in applications such as packaging, automotive, construction, and electronics in countries such as China, Japan, and India is augmenting the blow molding resin market. Growth in urbanization and industrialization is another factor boosting the blow molding resin market in Asia Pacific. Europe is also a key region of the market, led by the high investment in health care to provide hygienic environment to citizens. Europe is the hub for the production and export of lightweight automotive.
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