By 2025, the injection molding machine market is expected to reach 12.3 billion U.S. dollars, with a compound annual growth rate of 10.3 billion U.S. dollars in 2020 and a compound annual growth rate of 3.6%. Plastic molds are widely used in the healthcare industry. Injection molding machines are the first choice for the manufacture of medical products because these machines can provide high-precision, accurate and complex injection molded parts.
These machines can be used in surgical and medical equipment, such as syringes, vials, medical devices, inhalers, cannula types, medical connectors, air systems, and prescription bottles. The global outbreak of the coronavirus has highlighted the healthcare industry. Due to the surge in the number of coronavirus cases, the demand for medical equipment such as syringes, air systems and other medical devices has grown exponentially. Countries such as India and China have become hubs for global manufacturing and meeting all of these equipment needs.
In terms of value, the 201-500 ton force segment has the largest market share and is expected to grow at the highest compound annual growth rate during the forecast period. Such high growth is attributable to the increasing demand for medium-sized molded parts in major end-use industries (such as automobiles, packaging, and consumer goods). The clamping force of 201-500 tons is mainly used for medium-sized injection molding machines. Hydraulic, all-electric and hybrid machine types can provide 201-500 tons of force. These machines are mainly used in the automotive, packaging and consumer goods industries that require relatively medium-sized molded parts.
In terms of value, the injection molding machine market for plastic products accounted for the largest share in 2019. Injection molding is the manufacturing process of making plastic parts and products from thermoplastics and thermoset materials. Commonly used plastics in the injection molding process are nylon, polypropylene, polystyrene, polyethylene and unsaturated polyester. Plastic products are manufactured using high-quality raw materials to ensure their superior quality. The injection molding process of plastic products involves heating the polymer until it is liquid, and then using pressure to press it into the mold. The process is very fast and complicated. Despite the high cost of tools, injection molding is the most popular manufacturing process in mass production of plastic materials.
Hydraulic injection molding machine is the most popular type of machine, mainly because of its long service life and wide range of applications. The hydraulic injection molding machine consists of a fixed-speed three-phase motor and a variable pump. The hydraulic injection molding machine has a long life, long driving distance and low maintenance cost. This type of machine helps to significantly reduce the production cycle time. Molders mainly use high-tonnage hydraulic presses to mold large parts. The machine is mainly used to produce high-precision plastic parts, such as auto parts, bottle caps, consumer products, electrical and electronic products, and medical supplies.
Injection molding machines are mainly used to manufacture automotive parts, internal packaging and assembly components, such as automotive exteriors, automotive lenses, internal components, under-hood components, and filter components. It is expected that during the forecast period, the huge changes in the automotive industry’s use of plastics instead of steel will drive the injection molding machine market.
Strict government regulations have forced automakers to use plastics instead of other materials such as steel. The rapid economic growth, the improvement of infrastructure and the increase of the middle-class population in emerging economies have led to an increase in automobile production and sales, which in turn increased the demand for injection molding machines. The rapid growth of the automotive industry in the Asia-Pacific region is also one of the main factors driving the development of the injection molding machine market.
Post time: May-19-2021