Plastics are highly ubiquitous, particularly in Asia-Pacific with lenient government regulations, and therefore the demand for injection molding machines has been fairly sustained too in the past few decades. Enhanced engineering thermoplastics coupled with energy efficient machine that provide fast cycle times are boosting business opportunities for injection molders. Injection molding is a shape forming process that produces thin-walled plastic parts. Thin-walled products comprise different types of open containers, such as buckets. The plastic housing is used for a wide variety of applications such as household appliances, consumer electronics, power tools, and as automotive dashboards. Injection molding is also used to produce toothbrushes, bottle lids, washing up bowls, disposable razors, small plastic toys, medical devices, including valves and syringes.
Injection molding machine is widely utilized in mass-production processes to produce the same part for thousands or even millions of times. High-speed performance and precision offered by these machines are gaining traction of manufacturers. These machines increase productivity as well as is reducing energy consumption. Possibility to design and manufacture low to high volume plastic products for a variety of industries is actually fostering the market growth. Polymer injection molding is majorly used in the manufacturing of plastic products.
Injection molding is the most preferred technique to achieve the desired industrial productivity in a very short time span. Because of its robustness, this machine is acting as a game changer in the automotive industry. This information is based on a recent market research report from Industry ARC, titled “Injection Molding Machine Market: By Product Type (Plastic, Rubber, Metal, Ceramic, Others), By Machine Type (Hydraulic, All-Electric, Hybrid), By End Use Industry (Automotive, Consumer Goods, Packaging, Healthcare, Electrical & Electronics and Others), By Clamping Force (0–200 Ton-Force, 201–500 Ton-Force, Above 500 Ton-Force) & Geography – Forecast (2018 – 2023).”
Injection Molding Machine Market: Competitive Analysis
- Arburg GmbH & Co. Kg, Boco Pardubice Machines S.R.O., Chen Hsong Holdings Limited, The Japan Steel Works, LTD., and Milacron Holdings Corp. are some of the key players of the injection molding machine market.
- In 2018, Arburg GmbH & Co. KG introduced hybrid Allrounder 1120 H injection molding machine with extended clamping force range to 730 tons in the U.S. It has features of operating gestures similar to that of touch screens on a smartphone
- Chen Hsong Holdings Limited produces nearly 15,000 injection molding machines. It has a customer base in more than 90 countries. It is a small player in the U.S. injection molding machines market, thus it is planning to expand its strong presence in this country
- In 2018, Milacron Holdings Corp. has experienced an increased demand for Low-Pressure Injection Molding (LPIM) Structural Foam machines. Owing to this it is upgrading two of their existing 400 ton LPIM machines to 500-ton LPIM machines, and one of their 500-ton LPIM machines to 750-ton LPIM
Injection molding machine is a manufacturing process of plastic molds by injecting plastic at high pressure. It is widely used in packaging, automotive and electronics end-use industries. Increasing adoption of these machines is further contributing to the growth the growth of injection molding machine market in the near future
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A. Powder Injection Molding (PIM) Market
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