Injection Molding Materials Market Share, Growth, Opportunitites, Analysis, Trends, Market Size, and Forecasts 2025
Injection molding is a method of producing plastic products that involves injecting molten material into a mould, where it is melted, cooled, and then solidified as the final part or product. In various industries, both thermoplastic and thermosetting injection molded plastics are used to manufacture various parts and components. Polypropylene, low-density polyethylene, high-density polyethylene, polycarbonate, polystyrene, polyvinyl chloride, polyurethane, polysulfone, and other thermoplastic polymers are commonly used in injection moulding. The thermosetting polymers used for injection moulding include epoxy resin, polyester, and melamine formaldehyde.
Injection molded materials are used in an automated process, which lowers manufacturing costs. It also reduces waste generation during the manufacturing process. Low production waste and a faster production process would help the injection molded materials market grow. In addition, the process can manufacture plastic parts using multiple types of plastics at the same time. Furthermore, technological advancements in the injection molding process, where robots are used to perform various operations such as finishing and assembling injection molded parts and loading components into the injection molding, would promote Injection molded materials market growth. However, high initial tooling costs and volatile petroleum prices may stymie market growth.
In terms of revenue, Asia Pacific and Europe accounted for the lion's share of the global injection molding market in 2016 and are expected to maintain their dominance over the forecast period. However, the recent economic downturn in Europe, as well as the entry of new market players into the global injection moulding materials market, are expected to stymie market growth in Europe during the forecast period.
Some of the key players in the global injection molding materials market include ExxonMobil, BASF, Dow, Huntsman, Eastman, INEOS, SABIC, Magna International, Newell Rubbermaid, Beckton Dickinson, and IAC group.
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