Automotive products, including fuel tanks, are
the largest sector of industrial blow moulding.
This sector is expected to grow at about 4% in
North America and could grow marginally better
in Europe . Asia is not likely to show the same
growth.
Interestingly, garden blow moulded parts are expected
to show better growth compared to automotive sector.
The garden blow moulded products are expected
to show almost 6% or if not at least 5% growth
in North America . Europe and Asia however may
lag behind North America .
Leisure blow moulded products are not likely to
show even 3-4% growth in North America the single
largest market in the World.
Toy sector is expected to show a negative growth
to the extent of almost 5% in North America .
However, Asia because of China , will compensate
this negative growth to some extent.
Overall the global market of blow moulded toy
sector will either remain stagnant or reduce marginally.
All other sectors are not likely to grow well.
Besides they are relatively small in size and
therefore would not influence the overall growth
to as great extent.
HDPE is the major material used for industrial
blow moulding (more than 85-90%) and therefore
this sector will not be able to contribute to
the total growth of HDPE. Over all impact of the
slower growth of this sector however would not
affect the overall growth of HDPE by more than
0.1 % |