Thermoformed plastics are a form of plastic manufacturing where a sheet of plastic is heated to a pliable forming temperature and then shaped and trimmed into a finished product. There are many thermoforming processes that can be used with a wide range of materials and applications. The most common are vacuum forming and pressure forming.
Market Dynamics:
Thermoformed plastics market is anticipated to register a significant rate over the forecast period, owing to rising demand from end-use industries such as automobiles, construction equipment, packaging and other industrial applications. The market across developing countries are expected to witness fastest growth, owing to the increasing urbanization and rising disposable income of consumers.
On the other hand, fluctuating price of raw material is expected to hinder the market growth.
Key features of the study:
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