Injection Molding Materials Market Revenue Opportunies By Key Vendors - BASF, Dow, Huntsman, Eastman, INEOS, SABIC, Magna International, Newell Rubbermaid

Injection molding process is the manufacturing process for producing parts by inserting materials into a mold to create varied shapes and sizes of the object. Injection molding can be achieved with a host of materials consisting of metals, elastomers, glasses, confections, and polymers. Injection molding is extensively used for manufacturing a variety of components such as automotive parts, bottle caps, packaging, storage containers, mechanical parts, and wire spools. Low maintenance cost, low consumption of energy, high accuracy are some of the properties offered by injection molding process, which, in turn contribute to growth of the injection molding materials market.

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Packaging industry accounted for the largest market share in the injection molding materials market due to the increased consumption of consumer goods, cosmetics, and healthcare products. Hydraulic injection molding machinery is extensively used in the injection molding process. The high demand for hydraulic molding machines is attributed to its advancement in technology, lower cost, improved performance, and long service life.

Asia Pacific is the most dominant region in the global injection molding materials market, owing to the growing automotive and packaging industries in the region, which employ the injection molding process for various applications.

Europe is the second largest region in terms of value in the global injection molding materials market. Increasing demand for electrical appliances and automotive components fuels the growth of the injection molding materials market in Europe. Moreover, increasing globalization and production have led to the steady growth of the market in the region.

Major Players in the Global Injection Molding Material Market

Some of the key players in the global injection molding materials market include ExxonMobil, BASF, Dow, Huntsman, Eastman, INEOS, SABIC, Magna International, Newell Rubbermaid, Beckton Dickinson, and IAC group.

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