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The Future of Plastics Injection Molding
High Performance Materials
The injection molding industry is also seeing a trend towards the use of high-performance materials that are designed to meet specific performance requirements, such as high strength or heat resistance. Examples of high-performance materials include engineering plastics and thermoset materials.
Market Growth Increasing Despite Recession Clouds
The global injection molding market size was estimated at USD 261.8 billion in 2021 and is anticipated to expand at a compounded annual growth rate (CAGR) of 4.8% from 2022 to 2030.
Profitability Scale of Plastic Injection Molding 2023
The injection molding procedure is only highly profitable in case of large-volume production. If the clients have ordered injection molding parts in small quantities, the molding business might not get much profit. This is because the mold design and tooling take up much of the budget.