Multi Component Injection Moulding Technology Market High State Of Affairs, SWOT Analysis, Business Summary & Forecast 2032

According to a study conducted by Future Market Insights (FMI), the multi-component injection molding technology market is expected to grow at a CAGR of 9% from 2022 to 2032. The market is projected to be valued at US$ 3 billion in 2022 and is estimated to reach US$ 7.1 billion by 2032.

Multi-component injection molding has witnessed significant development in the market since the beginning of the 21st century. This innovative manufacturing process offers flexibility and the ability to produce multifunctional plastic parts, making it increasingly popular among plastic manufacturers. It finds applications in various industries such as packaging, consumer goods, and automotive, particularly in the production of soft-touch overmoulded products.

Despite its popularity, computer simulation software for the multi-component molding process is not yet possible due to the challenges in mapping the boundaries between the substrate and the overmold. Consequently, engineers still rely on trial and error rather than computer-aided engineering. However, the multi-component injection molding technique allows the combination of diverse materials or dyes, enabling the production of high-quality plastic products.

The adoption of sustainable multi-component technologies not only enhances surface quality but also increases the proportion of recycled materials. This approach empowers manufacturers to create innovative designs, optimize product features, and incorporate functional elements effectively. Additionally, fully automated production through multi-component injection molding minimizes manufacturing costs by eliminating assembly steps and rework, resulting in reduced initial investment, time savings, material efficiency, and lower ongoing operating costs.

Key Takeaways:

  • The multi-component injection molding technology market is projected to grow at a CAGR of 9% from 2022 to 2032.
  • The market is expected to be valued at US$ 3 billion in 2022 and reach US$ 7.1 billion by 2032.
  • Multi-component injection molding offers flexibility and the ability to produce multifunctional plastic parts.
  • The technology finds applications in industries such as packaging, consumer goods, and automotive for soft-touch overmoulded products.
  • Despite the challenges in computer simulation, the technique allows the combination of diverse materials or dyes.
  • Sustainable multi-component technologies enable the use of recycled materials without compromising surface quality.
  • Fully automated production through multi-component injection molding reduces manufacturing costs and improves efficiency.
  • Multi-component injection molding is widely utilized in various sectors of the economy, including automotive, electronics, and communications.

Global Multi Component Injection Molding Technology Market: Dynamics

Multi component injection moulding technology is used for manufacturing articles made with different materials. Multi component injection moulding technology has witnessed rapid development in recent years and so growth rate of traditional moulding came to a pause. These rapid developments include new variants of processes, plastics and material combinations which have been added for new applications in various fields.

The technology is evolving in new directions and its technical developments include machines with four to six barrels, thermoplastic/thermosets combinations, combinations of materials with gas or water assists and many more. Since many multi shots or co injections presses are customized, moving to multi component can be expensive.

However, the versatility it provides compensates the high cost. Multi component injection moulding technology is used to produce a finished portion in the mould without using a downstream equipment which is expensive to use, buy and maintain.

Applications of multi component injection moulding technology are barrier products, shielding against electromagnetic interference, recycling of thermoplastic materials and many more. Numerous applications in some of the most lucrative industries in the market are expected to drive the global multi component injection moulding technology market, owing to its cost effective nature, reliability, and quality.

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Global Multi Component Injection Molding Technology Market: Key Players

Few of the key players operating in the global multi component injection moulding technology market are:

Sumitomo (SHI) Demag Plastics Machinery GmbH, Milacron LLC, Wittmann Kunststoffgerate Ges.m.b.H, Haitian International Holdings Ltd., and Mold Hotrunner Solutions Inc., among others.

Global Multi Component Injection Molding Technology Market: Segmentation

On the basis of moulding type, multi component injection moulding technology market has been segmented as:

  • Multi material injection moulding
  • Multi-colour injection moulding

On the basis of technology type, multi component injection moulding technology market has been segmented as:

  • Two-shot moulding
  • Co-injection moulding
  • Hard-soft combinations of thermoplastics

On the basis of end use, multi component injection moulding technology market has been segmented as:

  • Automobile industry
  • Medical Industry
  • Electronics and Communication Industry
  • Sports Industry

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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