Published by Coherent Market Insights
Posted on September 30, 2021
Injection molding process is the manufacturing process for producing parts by inserting materials into a mold to create varied shapes and sizes of the object. Injection molding can be achieved with a host of materials consisting of metals, elastomers, glasses, confections, and polymers. Injection molding is extensively used for manufacturing a variety of components such as automotive parts, bottle caps, packaging, storage containers, mechanical parts, and wire spools. Low maintenance cost, low consumption of energy, high accuracy are some of the properties offered by injection molding process, which, in turn contribute to growth of the injection molding materials market.
Plastic is the most attractive material segment and accounts for the largest market share owing to its increasing demand from various end-use industries such as packaging, automotive, electronics and consumer goods, medical disposal, and building and construction.
Top Key Players in Injection Molding market: ExxonMobil, BASF, Dow, Huntsman, Eastman, INEOS, SABIC, Magna, International, Newell, Rubbermaid, Beckton, Dickinson, and, IAC, group.
The scope of the Report:
The report segments the global Injection Molding Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at the segment-based analysis is aimed at giving the readers a closer look at the opportunities and threats in the market. It also addresses political scenarios that are expected to impact the market in both small and big ways. The report on the global Injection Molding Market examines changing regulatory scenarios to make accurate projections about potential investments. It also evaluates the risk for new entrants and the intensity of the competitive rivalry.
Regional Analysis:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Injection Molding market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Packaging industry accounted for the largest market share in the injection molding materials market due to the increased consumption of consumer goods, cosmetics, and healthcare products. Hydraulic injection molding machinery is extensively used in the injection molding process. The high demand for hydraulic molding machines is attributed to its advancement in technology, lower cost, improved performance, and long service life.
Asia Pacific is the most dominant region in the global injection molding materials market, owing to the growing automotive and packaging industries in the region, which employ the injection molding process for various applications. Furthermore, increasing number of commercial vehicles and technological advancements in the region, is expected to boost the demand for injection molding materials globally, in turn fueling growth of the market over the forecast period. According to IBEF, vehicle 14 million vehicles were manufactured in 2010. India offers low manufacturing costs owing to low design, limited investment in research activities, and low labor cost coupled with local sourcing of components. Policy initiative such as low excise duties and Value Added Tax (VAT) have been implemented to boost the demand for the automotive industries in India.
Europe is the second largest region in terms of value in the global injection molding materials market. Increasing demand for electrical appliances and automotive components fuels the growth of the injection molding materials market in Europe. Moreover, increasing globalization and production have led to the steady growth of the market in the region. Manufacturers operating in the injection molding materials market are focusing on and largely investing in research and development to expand their product portfolio in Europe. The injection molding materials market in North America is expected to experience significant growth during the forecast period. According to FDA, validation is a prerequisite for injection molding. The process is fully verified by subsequent test and inspection.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Injection Molding Market Size Analysis By Development History & Growth Status appeared first on Gatorledger.
Injection molding process is the manufacturing process for producing parts by inserting materials into a mold to create varied shapes and sizes of the object. Injection molding can be achieved with a host of materials consisting of metals, elastomers, glasses, confections, and polymers. Injection molding is extensively used for manufacturing a variety of components such as automotive parts, bottle caps, packaging, storage containers, mechanical parts, and wire spools. Low maintenance cost, low consumption of energy, high accuracy are some of the properties offered by injection molding process, which, in turn contribute to growth of the injection molding materials market.
Plastic is the most attractive material segment and accounts for the largest market share owing to its increasing demand from various end-use industries such as packaging, automotive, electronics and consumer goods, medical disposal, and building and construction.
Top Key Players in Injection Molding market: ExxonMobil, BASF, Dow, Huntsman, Eastman, INEOS, SABIC, Magna, International, Newell, Rubbermaid, Beckton, Dickinson, and, IAC, group.
The scope of the Report:
The report segments the global Injection Molding Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at the segment-based analysis is aimed at giving the readers a closer look at the opportunities and threats in the market. It also addresses political scenarios that are expected to impact the market in both small and big ways. The report on the global Injection Molding Market examines changing regulatory scenarios to make accurate projections about potential investments. It also evaluates the risk for new entrants and the intensity of the competitive rivalry.
Regional Analysis:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Injection Molding market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Packaging industry accounted for the largest market share in the injection molding materials market due to the increased consumption of consumer goods, cosmetics, and healthcare products. Hydraulic injection molding machinery is extensively used in the injection molding process. The high demand for hydraulic molding machines is attributed to its advancement in technology, lower cost, improved performance, and long service life.
Asia Pacific is the most dominant region in the global injection molding materials market, owing to the growing automotive and packaging industries in the region, which employ the injection molding process for various applications. Furthermore, increasing number of commercial vehicles and technological advancements in the region, is expected to boost the demand for injection molding materials globally, in turn fueling growth of the market over the forecast period. According to IBEF, vehicle 14 million vehicles were manufactured in 2010. India offers low manufacturing costs owing to low design, limited investment in research activities, and low labor cost coupled with local sourcing of components. Policy initiative such as low excise duties and Value Added Tax (VAT) have been implemented to boost the demand for the automotive industries in India.
Europe is the second largest region in terms of value in the global injection molding materials market. Increasing demand for electrical appliances and automotive components fuels the growth of the injection molding materials market in Europe. Moreover, increasing globalization and production have led to the steady growth of the market in the region. Manufacturers operating in the injection molding materials market are focusing on and largely investing in research and development to expand their product portfolio in Europe. The injection molding materials market in North America is expected to experience significant growth during the forecast period. According to FDA, validation is a prerequisite for injection molding. The process is fully verified by subsequent test and inspection.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Injection Molding Market Size Analysis By Development History & Growth Status appeared first on Gatorledger.
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