Press release
Leading Companies Reinforcing Their Presence in the Injection Molding Machine Market
Injection Molding Machine
Projected Expansion of the Injection Molding Machine Market
The injection molding machine market is forecasted to experience significant growth, reaching a market size of $17.49 billion by 2029. This represents a compound annual growth rate (CAGR) of 5.2%, indicating steady expansion over the next few years. Factors contributing to this growth include increased demand for precision and efficiency in manufacturing processes, integration of Industry 4.0 technologies, a growing focus on sustainable production methods, expansion in emerging economies, and rising needs for customization and flexible solutions. Key trends expected to influence the market include global diversification, a shift towards electric injection molding machines, rising demand for high-speed and high-pressure equipment, along with enhanced energy efficiency and sustainability initiatives.
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Top Competitors Leading the Injection Molding Machine Industry
The injection molding machine market features several major companies that play a dominant role, including Arburg GmbH + Co KG, Haitian International Holdings Limited, Milacron Holdings Corp, Nissei Plastic Industrial Co Limited, Engel Austria GmbH, Sumitomo (SHI) Demag Plastics Machinery GmbH, Chen Hsong Holdings Limited, Toyo Machinery & Metal Co Ltd, Husky Injection Molding Systems Ltd, Japan Steel Works Limited, KraussMaffei Group, UBE Machinery Corporation Ltd., Shibaura Machine Co Ltd., Wittmann Battenfeld, Toshiba Machine Co Ltd., Negri Bossi SpA, Mitsubishi Heavy Industries Plastic Technology Co Ltd., Victor Taichung Machinery Works Co Ltd., Woojin Plaimm Co Ltd., Billion SAS, Dr. Boy GmbH & Co KG, Fu Chun Shin Machinery Manufacture Co Ltd., Huarong Plastic Machinery Co Ltd., L.K. Machinery International Limited, LS Mtron Ltd., Multiplas Enginery Co Ltd., Niigata Machine Techno Co Ltd., dic*k Co Ltd., Yizumi Precision Machinery Co Ltd., Cincinnati Milacron, and WINTEC Co. Ltd.
A Notable Acquisition to Strengthen Market Presence
In February 2022, Comar LLC, a US-based company specializing in innovative plastic solutions, acquired Automatic Plastics Ltd. Although the financial details remain confidential, this acquisition aims to boost the manufacturing capabilities of pharmaceutical and medical device packaging on a global scale. The combined entity is expected to thrive particularly in the healthcare markets across Europe, supported by a workforce of approximately 1,200 employees and 11 production facilities. Automatic Plastics Ltd., located in Ireland, is recognized as a contract manufacturer of injection molding machines and products focused on the pharmaceutical and medical device sectors.
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Technological Innovation as a Driving Market Force
Technological advancements are playing a crucial role in shaping the injection molding machine market's future. Leading industry players are adopting cutting-edge technologies to maintain competitive advantages. A prime example is LS Mtron Ltd., a South Korean manufacturer of medical products, which introduced its latest AI-powered smart injection molding system in April 2022. This system incorporates two innovative features: the AI Molding Assistant and Smart Weight Control. The AI Molding Assistant helps cut down setup time and stabilizes the initial molding process, while the Smart Weight Control system integrates software to detect product weight variations, enhancing precision and quality control.
Segment Breakdown and Market Outlook
The injection molding machine market is categorized into several segments for a detailed understanding of its structure:
1) By Product: Fiberglass Filter, Pleated Filter, Electrostatic Filter, Carbon Air Filter, HEPA Filter, Pocket Filter, and Other Products
2) By Material: Fiberglass, Synthetic Polymer, Carbon Derivatives, Metal, and Other materials
3) By Application: Residential, Commercial, Industrial
4) By End-Use Industry: Building and Construction, Pharmaceutical, Food and Beverage, Automotive, and Other End-Users
Further subdivisions include:
- Fiberglass Filter: Flat Panel Filters and Disposable Filters
- Pleated Filter: Standard Pleated Filters and High-Efficiency Pleated Filters
- Electrostatic Filter: Permanent and Disposable Electrostatic Filters
- Carbon Air Filter: Activated Carbon Filters and Pre-Filters with Carbon
- HEPA Filter: True HEPA Filters and HEPA-Type Filters
- Pocket Filter: Medium and High Efficiency Pocket Filters
- Other Products: UV Filters, Washable Filters, and Electrostatic Precipitators
This detailed segmentation highlights the diverse applications and product variations that contribute to the market's robustness and adaptability across different industries.
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Technology data sheet
TYPE
Color
Grade
Permeability
Density
Screening%
PH
MIN darcy
TARGET darcy
MAX darcy
TARGET g/cm3
MAX g/cm3
+150mesh
MIN
TARGET
MAX
ZBS100
pink/white
Dissolve calcination
1.3
1.5
1.8
0.37
0.4
0
NA
4
8-11
ZBS150
pink/white
Dissolve calcination
1.5
1.9
2.3
0.35
0.4
0
NA
4
8-11
ZBS200
pink/white
Dissolve calcination
2.3
2.6
3
0.35
0.4
0
NA
4
8-11
ZBS300
white
Dissolve calcination
3
3.5
4
0.35
0.37
0
2
6
8-11
ZBS400
white
Dissolve calcination
4
4.5
5
0.35
0.37
2
4
10
8-11
ZBS500
white
Dissolve calcination
4.8
5.3
6
0.35
0.37
4
8
15
8-11
ZBS600
white
Dissolve calcination
6
7
8
0.35
0.37
6
10
20
8-11
ZBS800
white
Dissolve calcination
7
8
9
0.35
0.37
10
15
25
8-11
ZBS1000
white
Dissolve calcination
8
10
12
0.35
0.38
12
21
30
8-11
13
19
25
0.35
0.38
9
19
30
8-11
ZBS1200
white
Dissolve calcination
12
17
30
0.35
0.38
NA
NA
NA
8-11
Product Advantages
- complete range of permeability - complete certification: ISO, Halal, Kosher - suitable for all walks of life - Higher efficiency filtration - National Patent products
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