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This technology or technique is used for manufacturing of multi-colour and soft touch over moulding products for different markets such as packaging, automotive, consumer and others. In addition, the global multi component injection moulding technology is expected to enjoy high preference over the forecast period, which can be attributed to process reliability and increased applications in various fields. Multi component injection moulding technology is now applied extensively in the electronics, packaging, and sports industries, in addition to integration with automotive, medical and communication technologies.
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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: Regional Overview
Geographically, the global Multi Component Injection Molding Technology market can be segmented as:
The North America and Western Europe region are expected to witness increase in applications of multi component injection moulding technology, over the forecast period, owing to a large and mature industry and high quality standards. Multi component injection moulding technology machinery demand in North America accounts for a small portion of net sales. However, the region is expected to witness rise in market share.
Western Europe is expected to outdo North America in terms of multi component injection moulding technology demand. For instance, over 20% of Ferromatik Milacron’s sales in Germany is multi-component presses. The APAC region is also expected to witness healthy growth in the multi component injection molding technology market, over the forecast period.
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.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
On the basis of technology type, multi component injection moulding technology market has been segmented as:
On the basis of end use, multi component injection moulding technology market has been segmented as:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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