The global Injection Molding Materials Market is estimated to be valued at US$ 286.73 Bn in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Injection molding is a manufacturing process for producing parts by injecting molten material into a mold. Injection molding materials are primarily thermoplastics and thermosets that are used to manufacture a wide range of plastic parts. Some common injection molding materials are polypropylene, polyethylene, polyvinyl chloride, polystyrene, nylon, ABS, polycarbonate etc. Injection molded plastics find applications across various end-use industries like packaging, automotive, electronics, medical devices, consumer goods and more. Injection molded plastics offer advantages like lightweight, durability, corrosion resistance and design flexibility which make them suitable for manufacturing complex shapes that cannot be produced through other manufacturing methods. Growing demand for lightweight and durable products across industries is expected to drive the need for injection molding materials during the forecast period.
Market key trends:
One of the key trends driving the injection molding materials market is development of bio-based and biodegradable materials. With rising environmental concerns, manufacturers are focusing on developing sustainable and eco-friendly alternatives to conventional petroleum-based plastics. Some examples include polylactic acid (PLA) made from corn starch, polyhydroxyalkanoates (PHAs) produced by bacteria and polybutylene succinate (PBS) derived from vegetable raw materials. Growing demand for green, sustainable and biodegradable products is augmenting the use of bio-based injection molding materials. Similarly, development of recycled resins by reprocessing post-consumer plastic waste is another notable trend in the market. Recycled polymers not only help solve the global plastic waste problem but also provide a cost-competitive injection molding material.
Porter’s Analysis
Threat of new entrants: Low economies of scale and capital requirements limit the threat from new entrants in the injection molding materials market. The injection molding machinery and mold manufacturing requires high investments.
Bargaining power of buyers: The bargaining power of buyers is moderate as there are numerous buyers in the diverse end-use industries. Buyers can negotiate on the cost if substitutes are available.
Bargaining power of suppliers: The bargaining power of suppliers is moderate as there are many raw material suppliers. However, suppliers hold some power as certain raw materials are dominated by few producers.
Threat of new substitutes: The threat from substitutes is moderate as new technologies continuously generate new alternative materials. Other processes like thermoforming offer substitutes.
Competitive rivalry: The competitive rivalry is intense with many regional as well as global players catering to the diverse end-use industries. Companies differentiate based on product quality, design capability, and price.
Key Takeaways
Global Injection Molding Materials Market Size is expected to witness high growth, exhibiting CAGR of 5.5% over the forecast period, due to increasing demand from automotive and packaging industries.
Regional analysis
Asia Pacific dominates the global injection molding materials market and is expected to be the fastest-growing region during the forecast period. The growing automotive and electronics industries in China, Japan, and India are driving the growth of the market in the region. North America and Europe are also significant markets owing to the rising application in healthcare, packaging, and consumer goods sectors.
Key players
Key players operating in the injection molding materials market are ExxonMobil, BASF, Dow, Huntsman, Eastman, INEOS, SABIC, Magna International, Newell Rubbermaid, Beckton Dickinson, and IAC group.
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Injection Molding Materials is used to produce a wide range of products made from various raw materials, including plastics, metals such as iron, aluminum, copper, precious metals, and carbide.Injection molding can be achieved with a host of components consisting of metals, elastomers, glasses, confections and polymers.The high demand for vehicles is expected to result in an increase in demand for injection molding, thus leading to growth of the global injection molding materials market.
Foreign and domestic investments in various sectors is a major driving factor for the market growth in Asia Pacific.
Report Sample includes:- Table of Contents- List of Tables & Figures- Charts- Research MethodologyGet FREE Sample of this Report at https://www.24marketreports.com/report-sample/global-injection-molding-materials-2025-224Global Injection Molding Materials market size will increase to 300300 Million US$ by 2025, from 221100 Million US$ in 2018, at a CAGR of 3.9% during the forecast period.
In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Injection Molding Materials.This report researches the worldwide Injection Molding Materials market size (value, capacity, production and consumption) in key regions like United States, Europe, Asia Pacific (China, Japan) and other regions.This study categorizes the global Injection Molding Materials breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.The following manufacturers are covered in this report:BASFExxonMobilLyondellBasellEastman Chemical CompanyHuntsman CorporationDow ChemicalsDuPontSABICIneos GroupMagna International IncHTI PlasticsOrganovo Holdings, IncInjection Molding Materials Breakdown Data by TypePlasticsMetalRubberOthersInjection Molding Materials Breakdown Data by ApplicationAutomotiveElectrical & ElectronicsBuilding & ConstructionConsumer GoodsPackagingOthersInjection Molding Materials Production Breakdown Data by RegionUnited StatesEuropeChinaJapanOther RegionsInjection Molding Materials Consumption Breakdown Data by RegionNorth AmericaUnited StatesCanadaMexicoAsia-PacificChinaIndiaJapanSouth KoreaAustraliaIndonesiaMalaysiaPhilippinesThailandVietnamEuropeGermanyFranceUKItalyRussiaRest of EuropeCentral & South AmericaBrazilRest of South AmericaMiddle East & AfricaGCC CountriesTurkeyEgyptSouth AfricaRest of Middle East & AfricaThe study objectives are:To analyze and research the global Injection Molding Materials capacity, production, value, consumption, status and forecast;To focus on the key Injection Molding Materials manufacturers and study the capacity, production, value, market share and development plans in next few years.To focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.To define, describe and forecast the market by type, application and region.To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.To identify significant trends and factors driving or inhibiting the market growth.To analyze the opportunities in the market for stakeholders by identifying the high growth segments.To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.To strategically profile the key players and comprehensively analyze their growth strategies.In this study, the years considered to estimate the market size of Injection Molding Materials :History Year: 2014-2018Base Year: 2018Estimated Year: 2019Forecast Year 2019 to 2025Get the Complete Report & TOC at https://www.24marketreports.com/chemicals-and-materials/global-injection-molding-materials-2025-224CONTACT US:276 5th Avenue, New York , NY 10001,United StatesInternational: (+1) 646 781 7170Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/24-market-reports
