Industrial Mold Market Growth Driven By Expanding Manufacturing And Production Sectors Emerges as a Core Driver of the Industrial Mold Market in 2025

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What Is the Expected CAGR for the Industrial Mold Market Through 2025?
The market size of the industrial mold industry has seen a robust growth in the past few years. The anticipated growth is from $50.61 billion in 2024 to $54.49 billion in 2025, with a compound annual growth rate (CAGR) of 7.7%. The surge in growth during the historical period can be linked to factors like manufacturing development, expansion of the automotive industry, globalisation and changes in supply chain dynamics, a boom in consumer electronics, advancements in plastic injection molding and a rise in the implementation of precision machining.

What's the Projected Size of the Global Industrial Mold Market by 2029?
The market size for industrial molds is projected to witness robust expansion in the upcoming years. The market is anticipated to reach $71.18 billion by 2029, with a compound annual growth rate (CAGR) of 6.9%. The increase in the projected period is driven by the development of advanced materials and alloys, the promotion of sustainable and environmentally friendly molding, the precision in mold design and simulation, changes in global manufacturing centers, and the use of high-performing aerospace materials. The emerging trends during this period are expected to include micro-molding technology, the implementation of industry 4.0, simulation and virtual prototypes of molds, acceleration in customization and tooling, and the integration of robotics and automation.

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Top Growth Drivers in the Industrial Mold Industry: What's Accelerating the Market?
The expansion of the industrial mold market is expected to be spurred by the burgeoning manufacturing and production industry. This industry encompasses a broad gamut of activities centered on the production and assembly of goods. Industrial molds, versatile in nature, intensify these manufacturing activities by permitting the cost-effective, accurate, and adaptable production of a wide array of products in diverse sectors. For example, in July 2023, the Office for National Statistics, based in the UK, reported that the total product sales by UK manufacturers for the year 2022 approximated to $579.5 billion (£429.8 billion). This signified an increase of $38.3 billion, translating to a 7% growth from the $541.2 billion (£401.5 billion) registered in the prior year, 2021. Consequently, the growing manufacturing and production industries serve as primary factors propelling the industrial mold market's expansion.

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What Trends Will Shape the Industrial Mold Market Through 2029 and Beyond?
A primary strategy for major players in the market involves engaging in partnerships and collaborations. These are cooperative relationships or agreements formed between two or more entities, such as companies, organizations, or people, focused on a common goal or project. For instance, September 2022 saw an alliance between X2F, a US-based molding technology company, and Covestro AG, a German plastic component producer. This partnership was forged to produce a trailblazing thermally conductive automotive heat sink incorporating in-mold electronics, using X2F's revolutionary controlled viscosity molding technology. This remarkable invention presents automotive OEMs and processors with a cost-effective and less heavy substitute to conventional cast aluminum heat sinks. With X2F's innovative process, the molding of delicate electronic elements is possible, improving functional integration, heat management, modularity, and miniaturization.

What Are the Main Segments in the Industrial Mold Market?
The industrial mold market covered in this report is segmented -

1) By Type: Metal Molds, Other Material Molds
2) By Material: Plastics, Glass, Rubber
3) By Application: Manufacturing, Automotive, Other Applications

Subsegments:
1) By Metal Molds: Steel Molds, Aluminum Molds, Copper Molds, Other Metal Molds
2) By Other Material Molds: Plastic Molds, Composite Molds, Silicone Molds, Glass Molds

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Which Top Companies are Driving Growth in the Industrial Mold Market?
Major companies operating in the industrial mold market include BASF SE, The Dow Chemical Company, The Cannon Group Inc., Toshiba Machine Co. Ltd., Berry Global Inc., Amcor PLC, Eastman Chemical Company, Sumitomo Heavy Industries Ltd., Silgan Holdings Inc., The TRUMPF Group, UbeIndustries Ltd., AptarGroup Inc., VitroS.A.BdeC.V., DMG Mori Co. Ltd., ENGEL Austria GmbH, Haitian International Holdings Ltd., Milacron Holdings Corp., Stratasys Ltd., Proto Labs Inc., Nissei Plastic Industrial Co. Ltd., Takween Advanced Industries, Husky Injection Molding Systems Ltd., ALPLA India Pvt. Ltd., Amada Pvt. Ltd., US Industrial Machinery, Arburg GmbH + Co KG, KraussMaffei Group GmbH, StackTeck Systems Ltd., Rosti Group AB, Sino Mould Co. Ltd., Apex Plastics

Which Regions Will Dominate the Industrial Mold Market Through 2029?
North America was the largest region in The industrial mold market in 2024. Western Europe was the second largest region of the industrial mold market. The regions covered in the industrial mold market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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