Data Bridge Market Research analyses that the 2 Shot Injection Molding Market will witness a CAGR of 11.50% for the forecast period of 2021-2028. Growth and expansion of various end-user verticals especially in developing economies, growing use of 2-shot injection molding for a wide range of end-use applications such as medical, automotive, consumer goods, electrical and electronics, industrial packaging, and others, and surge in industrialization, especially in the developing countries are the major factors attributable to the growth of the 2-shot injection molding market. Therefore, the market value would rise up to USD 15100 million by 2028.
Also known as double injection molding, 2-shot injection molding is a manufacturing process wherein two different types of plastic resins are used and molded into a single operation cycle. Companies that are involved in the manufacturing of 2-shot injection molding are increasingly focused to sharpen their mold-making and automation skills. The injection molding machines further generate a good number of benefits such as increased durability of components, enhanced appearance and aesthetics and high quality.
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Rise in application of 2-shot injection molding for pharmaceutical applications is the root cause fuelling up the 2-shot injection molding market growth rate. Rising industrialization coupled with ever-evolving COVID-19 strains will also directly and positively impact the growth rate of the 2-shot injection molding market. Growth and expansion of various end user verticals especially in the emerging economies coupled with surge in the focus on technological advancements involved in the manufacturing process will further carve the way for the growth of the 2-shot injection molding market. Growth in awareness about the benefits of 2-shot injection molding machines over traditional molding machines will also foster the 2-shot injection molding market growth rate.
However, high costs associated with the maintenance of 2-shot injection molding machines will pose a major challenge to the growth of the 2-shot injection molding market. Fluctuations in the prices of raw materials will dampen the 2-shot injection molding market growth rate. Also, stringent regulations imposed on the application of plastics will further derail the 2-shot injection molding market growth rate.
This 2-shot injection molding market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on 2-shot injection molding market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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Global 2-Shot Injection Molding Market Scope and Market Size
The 2-shot injection molding market is segmented on the basis of product type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
On the basis of product type, the 2-shot injection molding market is segmented into silicones, styrene- butadiene rubber (SBR), thermoplastic elastomers (TPE), other elastomers, polycarbonate, polypropylene, polystyrene, acrylonitrile butadiene styrene (ABS) and other plastics.
On the basis of application, the 2-shot injection molding market is segmented into medical, automotive, consumer goods, electrical and electronics, industrial packaging, and others.
frequently asked questions
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2-Shot Injection Moulding Market Country Level Analysis
The 2-shot injection molding market is analysed and market size, volume information is provided by country, product type and application as referenced above.
The countries covered in the 2-shot injection molding market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the 2-shot injection molding market and will continue to flourish its dominance during the forecast period owing to the growing demand by electrical and electronics industry especially in countries like India, China and Japan. Asia-Pacific will continue to undergo substantial gains for this period growth and expansion of various end user verticals.
The country section of the 2-shot injection molding market report also provides individual market-impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites, and volumes, import-export analysis, price trend analysis, cost of raw materials, and downstream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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