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Global Hot Runner Market Size, Share & Forecast 2023
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Hot Runner Market
Hot runner system is an assembly of heated components-hot halves, nozzles and gates and-that inject plastic into the cavities of an injection mold. The system usually includes a heated manifold and a number of heated nozzles. The manifold distributes the plastic entering the mold to the nozzles, which then meter it precisely to the injection points in the cavities.
The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global key players of hot runner include YUDO, Milacron, Barnes Group, Husky, INCOE and Oerlikon. Global top six manufacturers hold a share about 63%. In terms of product, valve gate hot runner is the largest segment, with a share about 81%. And in terms of application, the largest application is automotive industry, which has a share about 34 percent.
The hot runner market refers to the industry that deals with the manufacturing and sale of hot runner systems. Hot runner systems are used in plastic injection molding processes to deliver molten plastic material from the injection molding machine nozzle to the mold cavity. These systems consist of heated components, such as manifolds, nozzles, and gates, which maintain the molten plastic at the desired temperature throughout the molding process.
The hot runner market has been experiencing growth over the years, driven by the increasing demand for plastic products in various industries such as automotive, packaging, consumer goods, and electronics. Hot runner systems offer advantages like reduced cycle times, improved part quality, and lower material waste compared to traditional cold runner systems.
Factors such as the expansion of the plastic industry, technological advancements in hot runner systems, and the growing preference for customized and complex plastic products have contributed to the market's growth. Additionally, the adoption of hot runner systems in emerging economies and the trend towards lightweight and eco-friendly materials in manufacturing processes have further boosted the market.
The hot runner market is competitive and includes both established players and smaller regional manufacturers. Key companies in the hot runner market offer a wide range of hot runner systems, catering to different application requirements. These companies focus on product innovation, technological advancements, and strategic partnerships to strengthen their market position.
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BY REGION
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa
Segment by Type
• Valve Gate Hot Runner
• Open Gate Hot Runner
Segment by Application
• Automotive
• Electronic
• Home Appliance
• Packaging
• Others
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