Injection Molding Market
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.
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Detailed Segmentation:
Global Injection Molding Materials Market, By Material:
Plastics
ABS
Polypropylene
Polyoxmethylene (POM)
Polycarbonate
Polycarbonate / ABS
PVC
Nylon
Nylon 32% Glass Fiber
Acrylic (PMMA)
Styrene Butadiene (SB)
Polyether Imide(PEI)
Engineering Thermoplastic Polyurethane (EPU)
HDPE
LDPE
Liquid Crystal Polymer
LLDPE
Polybutylene Terephthalate (PBT)
PEEK
PET
Polysulfone (PSU)
Polyphenylene Sulfide
Others
Metal
Iron
Low Alloys Steels
Stainless Steel
Aluminum
Cobalt
Copper
Carbide
Precious Metals
Nickel Metals
Others
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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.
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This release was published on openPR.
