A recent study on the multi component injection moulding technology market by Future Market Insights projects that the industry is slated to exhibit a CAGR of 9% from 2022 to 2032. As per the study, the market is expected to be valued at US$ 3 Billion in 2022, and will eventually reach US$ 7.1 Billion by 2032.
Since the beginning of the 21st century, injection molding has undergone rapid development in the market. A multi-component molding process can involve a wide range of technologies and techniques. Because of its flexibility and ability to produce multifunctional plastic parts, this innovative manufacturing process is gaining popularity among plastic manufacturers.
This technology is used in many industries, such as packaging, consumer goods, autos, and others to make soft-touch overmoulded products in the market.
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Due to the difficult mapping of the boundaries between the substrate and the overmold, it is currently not possible to create computer simulation software for this process, despite the growing popularity among engineers. The conventional injection molding practice uses computer-aided engineering while multicomponent molders still use trial and error.
Global Multi Component Injection Molding Technology Market: Key Players
Few of the key players operating in the global multi component injection moulding technology market are:
- Sumitomo (SHI) Demag Plastics Machinery GmbH,
- Milacron LLC,
- Wittmann Kunststoffgerate Ges.m.b.H,
- Haitian International Holdings Ltd., and
- Mold Hotrunner Solutions Inc., among others.
Global Multi Component Injection Molding Technology Market: Overview
Multi component injection moulding technology involves combination of different materials to produce high quality of plastic components. Multi component injection moulding technology covers all the processes involving the stages, which more than one plastic components undergo, during their treatment to achieve a particular functionality.
With the help of this technology, one can improve design and functionality of products, in a cost effective manner. It is the technique of manufacturing custom plastic parts with two or more plastic resins. Multi material moulding processes can be classified in multi component injection moulding technology, multi shot moulding and over moulding.
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This technology or technique is used for manufacturing of multi-colour and soft touch over moulding products for different markets such as packaging, automotive, consumer and others. In addition, the global multi component injection moulding technology is expected to enjoy high preference over the forecast period, which can be attributed to process reliability and increased applications in various fields.
Global Multi Component Injection Molding Technology Market: Dynamics
Multi component injection moulding technology is used for manufacturing articles made with different materials. Multi component injection moulding technology has witnessed rapid development in recent years and so growth rate of traditional moulding came to a pause. These rapid developments include new variants of processes, plastics and material combinations which have been added for new applications in various fields.
The technology is evolving in new directions and its technical developments include machines with four to six barrels, thermoplastic/thermosets combinations, combinations of materials with gas or water assists and many more. Since many multi shots or co injections presses are customized, moving to multi component can be expensive.
Global Multi Component Injection Molding Technology Market: Segmentation
On the basis of moulding type, multi component injection moulding technology market has been segmented as:
- Multi material injection moulding
- Multi-colour injection moulding
On the basis of technology type, multi component injection moulding technology market has been segmented as:
- Two-shot moulding
- Co-injection moulding
- Hard-soft combinations of thermoplastics
On the basis of end use, multi component injection moulding technology market has been segmented as:
- Automobile industry
- Medical Industry
- Electronics and Communication Industry
- Sports Industry
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