Injection molding is the commonly used
for the manufacturing process of fabrication plastic parts. There are wide range
of products which are manufactured using the injection molding techniques, which
differ greatly in their size, complexity, and application. The injection
molding process involves the use of injection molding machine, raw plastic
material, and mold. The plastic is melted during the injection of molding
machine and then inserted into the mold, after cooling it solidifies asa final
part. The use of plastic injection molding is extensively used over the
production of plastic parts from medical equipment to toys. The aerospace industry,
and predominantly the automotive industry, many parts are made by the use of
plastic injection moldings. Thermosetting compounds and thermoplastic materials
are the two types of molding compounds typically used to form plastic
materials. The thermosetting compounds apply phenol-formdehyde resins (or
plastic compounds) varied with a filler material, such as asbestos.
According
to study, “Global
Injection Molding Compounds Market Status (2015-2019) and Forecast (2020-2024)
by Region, Product Type & End-Use” the key companies
operating in the global injection molding compounds market are Hexion Inc.,
BASF SE, Hitachi Chemical Company, Ltd., Eastman Chemical Company, Premix Inc.,
RTP Company, Inc., Aurora Plastics LLC, West-Chemie GmbH & Co. KG, Neutrex,
Inc. (Purgex), SolEpoxy, Inc. Key companies have been constantly seeking
opportunities for noteworthy capacity additions in the past
few years to take advantage of operational excellence and achieve economies of
scale. Diverse product portfolio and differentiation make the market
competitive in terms of price and distribution channels.
Injection molding offers the unparalleled
capability of producing great numbers of complex plastic parts which vary with
the outstanding quality. The injection molding has been standard for decades to
yield high-volume, durable products. In order to remain competitive, a
manufacturer wishes to meet the numerous and stimulating demands related to
quality and products. Moreover, the typical injection molding failings such as
entrapped air, porosity, sink marks, joint lines, deformation, and misaligned
fiber orientations.
Based
on type, injection molding compounds market is segmented into thermoplastic
molding compounds, phenolic molding compounds, epoxy molding compounds,
unsaturated polyester molding compounds, melamine phenolic molding compounds
and others. Based on distribution channel, market is segmented into offline
channel and online channel. In addition, based on application, market is
segmented into automotive, electrical, building & construction, aerospace
and others.
The
injection molding compounds market
is driven by increase in penetration in automotive applications, followed by
positive outlook on global packaging industry and growth in construction
spending in emerging markets. However, stringent regulatory guidelines
regarding injection molding compounds and high initial investments for the
set-up of injection molding machines may impact the market. Moreover, growth in
technological advancement in molding industry is a key opportunity for market.
Furthermore, rise in advent of automation in molding industry is a major trend
for market.
Based
on geography, the Asian-Pacific is a leading region in global injection molding
compounds market owing to growth in infrastructure spending coupled with
increase in automobile demand in the region. Whereas, the European and
North-American regions are estimated to exhibit considerable growth rate due to
increase in demand for electronic appliance over the forecast period.
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Information on the research report, refer to below link:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
