Injection Molded Plastic Market Specifications, Drivers and
Emerging Countries Forecasts Till 2022
“The industry is continuously expanding owing to increasing demand from
numerous end-user such as automotive, packaging, home appliances,
electronic, and medical equipment market.”
Industry Insight:
Global Injection Molded Plastic Market was valued around USD 200 billion in 2014 and is estimated to witness
steady growth over the forecast period. The industry is continuously expanding owing to increasing demand
from numerous end-user such as automotive, packaging, home appliances, electronic, and medical equipment
market.
The process of injection molding involves the production of molded products by inserting molten plastics into a
mold using high temperature and then solidifying it. Upgraded technology have minimized the faulty
manufacturing of plastics and enhanced the bulk production of even complex shapes.
Moreover, minimum waste produced, faster rate of production, simultaneous processing of raw material and
cheap labor cost are expected to be the major driver of the market. Though, the market is impeded by the high
initial cost of tools and unpredictability of crude oil prices.
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