Demand for inj molding plastics in USA to grow 2.8% pa uptil 2010

07-Nov-06

The demand for injection molded plastics in the US is projected to grow 2.8% pa to almost 16 billion pounds, by 2010. As per the study released by The Freedonia Group Inc., the value of the plastics in 2010 is estimated at US$14.7 billion. The study forecast that polypropylene (PP) will present the best packaging opportunities, with fastest growth anticipated in medical, packaging, and electrical and electronic markets. Injection molded PP demand is expected to rise 3.6% pa. Injection molded polystyrene (PS) demand will increase slowly due to competitive pressures from lower cost resins such as PP and high density polyethylene (PE). Packaging markets will be driven by opportunities in caps and closures, as well as industrial shipping pails. Packaging and consumer markets jointly accounted for over 65% of total injection molded plastic demand in 2005.