About Injection Molding Compounds
Injection molding compounds are used in the manufacturing process for fabricating items and products like toys to automotive parts, consumer goods, electrical insulation, etc. The molding compounds are industrial thermoplastics, epoxy, polymers which have suitability for forming, the plastics are heated above its melting point leading to the conversion of molten fluid which then is injected into a mold in the shape of the final object like automotive parts, water bottles, containers, etc. The compounds have many mechanical, temperature resistant and insulating properties which are used for electrical application.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.8% |
Injection Molding Compounds and takeaways market is going through technological transformation and key players are adopting latest technology to stay ahead in the market amid fierce competition. The growth of third parties delivery services like Deliveroo and UberEATS has added a new dimension to the market. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Injection Molding Compounds market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Hexion Inc. (United States), Hitachi Chemical Company, Ltd. (Japan), BASF SE (Germany), Eastman Chemical Company (United States), RTP Company, Inc. (United States), Premix Inc. (United States), Aurora Plastics LLC (United States), Neutrex, Inc. (Purgex) (United States), West-Chemie GmbH & Co. KG (Germany) and SolEpoxy, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are MCG BioComposites, LLC (United States) and Hapco Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Injection Molding Compounds market by Type (Thermoplastic Molding Compounds, Epoxy Molding Compounds, Phenolic Molding Compounds, Melamine Phenolic Molding Compounds, Unsaturated Polyester Molding Compounds and Others), Application (Automotive, Building and Construction, Electricals, Aerospace and Others) and Region.
On the basis of geography, the market of Injection Molding Compounds has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channels, the sub-segment i.e. Online will boost the Injection Molding Compounds market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Advent of Automation in Molding Industry is Increasing Injection Molding Compound Market
Market Growth Drivers:
Growing Demand for Injection Molding Compounds for the Production of Automotive Parts and Surging Demand for Injection Molding Compound for its Mechanical and Insulation Properties In Electrical Industry
Challenges:
Stringent Regulatory Guidelines Regarding Injection Molding Compounds
Restraints:
High Initial Investments for the Set up of Injection Molding Machines
Opportunities:
Technological Advancement in Molding Industry
Market Leaders and their expansionary development strategies
In March 2024, PolySource, a leading distributor of engineered resin solutions, has announced a new exclusive distribution partnership with Asaclean, the world’s leading brand of purging compounds. This collaboration will significantly enhance the availability and technical support for Asaclean products across the market, ensuring plastics manufacturers receive the highest quality materials with the added benefit of PolySource’s renowned customer service and support.
In July 2022, SABIC launches foam injection molding polypropylene compounds for automotive interior parts. It provides light weight and aesthetic characteristics for use in automotive interior applications,
According to the American Society for Testing and Materials that "the in-line screw injection the plastic compound, heated in a chamber by conduction and friction, is fluxed by the action of a reciprocating screw and then is forced into a hot mold where it solidifies. Hereafter, in-line screw-injection molding will be referred to simply as injection molding. Typically, injection-molded test specimens are made with shorter cycles than those used for similar moldings made by compression, and the cycle is equal to or faster than that for transfer molding. Injection molding is intended for low-viscosity compounds. One set of processing parameters cannot be specified for all types of thermosetting materials, nor for samples of the same material having different plasticities."
Key Target Audience
Injection Molding Compounds Manufacturers, Injection Molding Compounds International Traders, Injection Molding Compounds Distributors and Suppliers, Research and Development Institutes, Regulatory Bodies, Upstream and Downstream Buyers and Other
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.