It has been foreseen that the global injection molded plastics market will touch a whopping $162 billion by the end of 2020
Fremont, CA: Plastic injection molding has turned one among the most widely-used plastic formation processes today. Industrial sectors in general construction, packaging, automotive, consumer goods, electronics, medical, and more, are all enjoying the advantages of the emerging trends in plastic injection molding manufacturing, and are evolving at scale. It has been foreseen that the global injection molded plastics market will touch a whopping $162 billion by the end of 2020.
There are several growth drivers that are stirring up the demand for injection-molded plastic items. Let's get to know some of them that are catalysts for this steady progress in the plastic injection molding industry.
Technology upgrades brought monumental changes in the software in plastic injection molding manufacturing that was being used widely. Designing software such as MoldFlow and SolidWorks added updates and enhancements that have majorly contributed to improving plastic part and injection mold designs, as well as the overall manufacturing process. Other advances made in these kinds of software programs include the ability to simulate how melted plastic flows during the injection molding process to predict manufacturing-related flaws better. This enables the designers to check and modify part manufacturability and make necessary adjustments early in the design process, resulting in cost-savings in the long term.
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The Leaping Trend of Using High-Performance Materials
Makers in industries such as automotive are widely using durable, temperature- and corrosion-resistant materials – instead of steel – to increase the longevity of components and enjoy other benefits like lowering the weight of various parts to enhance overall fuel efficiency. Furthermore, the use of bio-resins keeps on gaining traction in the plastic injection molding arena since they have a lower impact on the environment than oil or petroleum-based resin – without sacrificing their usability.
The Increased Implementation of Reinforced Plastics
The use of plastic composites is an evolving trend for plastic mold makers, as these composite materials typically possess low weight and high strength. Standard fibers being injected into plastics include glass, aramid, and carbon-based fiber. Industries enjoying the perks of these reinforced plastics products include power, marine, automotive, aerospace, construction, nanomaterials, and many more. The use of reinforced plastics in manufacturing is an emerging trend, as per-product costs are reduced in various applications while retaining part strength. In applications such as automotive and aerospace, a reduction in part weight can increase the value of the final product through better fuel economy and enhanced aerodynamics.