Global Injection Molding Machine Market: Snap Shot
According to a recent business publication by IndustryARC, the global injection molding machine market was valued to be $15billion to $17billion in 2018 and it is projected to grow with the CAGR of around 2.8% to 3.2% during forecast period of 2019 to 2025.
Injection molding machine, also known as injection press, is a device that uses the injection molding process to manufactures plastics and products. Injection molding machine is used to manufacture plastic products such as polybutylene terephthalate, polyethylene terephthalate, acrylonitrile butadiene styrene, and thermosets. Moreover, these machines find application in the manufacturing of a wide range of plastic products using thermoplastic due to its low melting point, flexibility, chemical resistance, and stability. Some of the examples are automotive parts, chairs, toys, syringes, bottles, and construction kits.
Global Injection Molding Machine Market: Recent Developments
- Toshiba Machine: EC-SXII All-Electric Injection Molding Machine
Toshiba is one of the leading players in the injection molding machine market. It has advanced multiple injection unit capabilities. Moreover, it has ability to adapt thick and thin wall molding and the support of control software helps to achieve stabilized plasticizing and precise foam molding with injection pressure control. The two controller that can be used are Injectvisor-V50 and Injectvisor-S51. This machine is helping various plastics manufacturers to improve their production rate.
- Husky Injection Moldings Systems Ltd : Hot Runners for Automotive Applications
Hot runners helps to produce automotive parts at faster cycle times with better mechanical properties. It is capable of producing parts from 1g to 15kg. Its gating styles ensure the best quality for any application along with a feature like ultra-seal technology which offers leak-proof performance and ultra-flow technology that improves melt homogeneity and provides fast color change and improved part quality as well.
- ENGEL Austria GmbH: e-motion
E-motion is helping to design high-end applications such as automotive and housewares. Due to machine short injection timing it helps to accelerate the performance of machine and hence help to increase the quantity and quality of products. Its high efficiency, low maintenance cost, and optimal production unit is growing the demand among end user applications manufacturer of this dynamic injection molding machine market.
- Milacron Holdings Corp: ELEKTRON The Green Machine
This machine helps to save 50% to 80% energy and water requirements. It works on rigid toggle mechanism for fast and accurate clamp operations. Mould, ejector & injection movement via Servo Motors is the driver for elektron to provide optimum performance for various end application such as medical and clean room applications, packaging, housewares, and automotive which the company has been leveraging to generate injection molding machine market revenue.
Global Injection Molding Machine Market: Growth Drivers
Rising economy, the growth of the E-commerce sector, and increased vehicles demands from the F&B industry are the factors that are collectively accelerating the growth of injection molding machine market. Need for the light weight vehicles due to the rising awareness for energy and fuel saving is increasing the demand for plastic parts is major factor increasing demand for injection molding machine.
Global Injection Molding Machine Market: Leading Segments
The recent injection molding machine market research by IndustryARC analyst estimates that rapid growing automotive, packaging and consumer goods industries in the APAC region makes it the leading region with market share of 36% to 37% as of 2018. Automotive segment is estimated to be the leading application for injection molding machine market which will be growing with a CAGR of around 3% through to 2025.
Conclusion
Injection molding machines are used to make a wide range of plastic products using thermoplastic due to its low melting point, flexibility, chemical resistance, and stability. Automotive application is the leading segment for the market. Increasing demand from the F&B industry is also one of the major factors fueling the growth of injection molding machine market.
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