gloal injection market

Global Injection Molding Market Share and Size
I​njection 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.
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Major Players in the Global Injection Molding Material Market
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.
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.
The global injection molding materials market was valued at US$ 212.81 billion in 2016 and
is expected to exhibit a CAGR of 6.0%, in terms of revenue, over the forecast period (2017 –
2025).
Asia Pacific and Europe accounted for major shares in the global injection molding market,
in terms of revenue, in 2016 and are expected to sustain their dominance over the forecast
period. However, the recent economic depression in Europe and the entry of new market
players in the global injection molding materials market are expected to thwart growth of the
market in Europe during the forecast period.
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.
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.
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The global injection molding materials market was valued at US$ 212.81 billion in 2016 and is expected to exhibit a CAGR of 6.0%, in terms of revenue, over the forecast period