https://www.maximizemarketresearch.com/market-report/global-injection-moulding-market/34697/
Injection moulding find a range of applications in automotive industry. They are used to manufacture the most complex and critical parts including interior and exterior trim components, electronic subassemblies, and under-hood application components. Automobile manufacturers have been focusing on reducing overall weight of vehicles to improve fuel efficiency. Increasing use of plastics to replace metals and alloys in automotive components is expected to drive product demand from automobile segment, thereby providing immense opportunity for the market to grow during forecast period.
Volatile prices of major raw materials such as benzene, ethylene, propylene, and styrene coupled with growing environmental concerns regarding their disposal is expected to hinder market growth over the forecast period. Companies should focus on developing in injection moulded plastics using bio-based counterparts to overcome such challenges.
Asia Pacific led the global demand with a market share of over ** % in terms of volume and value in 2018. Growing automobile demand in countries such as China, India, Indonesia, and Malaysia are expected to drive market penetration in the region. Major injection moulding companies are shifting their manufacturing base to Asia Pacific countries such as India, China, Indonesia, and Thailand owing to low labour costs.
Injection moulding find a range of applications in automotive industry. They are used to manufacture the most complex and critical parts including interior and exterior trim components, electronic subassemblies, and under-hood application components. Automobile manufacturers have been focusing on reducing overall weight of vehicles to improve fuel efficiency. Increasing use of plastics to replace metals and alloys in automotive components is expected to drive product demand from automobile segment, thereby providing immense opportunity for the market to grow during forecast period.
Volatile prices of major raw materials such as benzene, ethylene, propylene, and styrene coupled with growing environmental concerns regarding their disposal is expected to hinder market growth over the forecast period. Companies should focus on developing in injection moulded plastics using bio-based counterparts to overcome such challenges.
Asia Pacific led the global demand with a market share of over ** % in terms of volume and value in 2018. Growing automobile demand in countries such as China, India, Indonesia, and Malaysia are expected to drive market penetration in the region. Major injection moulding companies are shifting their manufacturing base to Asia Pacific countries such as India, China, Indonesia, and Thailand owing to low labour costs.
https://www.maximizemarketresearch.com/market-report/global-injection-moulding-market/34697/
Injection moulding find a range of applications in automotive industry. They are used to manufacture the most complex and critical parts including interior and exterior trim components, electronic subassemblies, and under-hood application components. Automobile manufacturers have been focusing on reducing overall weight of vehicles to improve fuel efficiency. Increasing use of plastics to replace metals and alloys in automotive components is expected to drive product demand from automobile segment, thereby providing immense opportunity for the market to grow during forecast period.
Volatile prices of major raw materials such as benzene, ethylene, propylene, and styrene coupled with growing environmental concerns regarding their disposal is expected to hinder market growth over the forecast period. Companies should focus on developing in injection moulded plastics using bio-based counterparts to overcome such challenges.
Asia Pacific led the global demand with a market share of over xx % in terms of volume and value in 2018. Growing automobile demand in countries such as China, India, Indonesia, and Malaysia are expected to drive market penetration in the region. Major injection moulding companies are shifting their manufacturing base to Asia Pacific countries such as India, China, Indonesia, and Thailand owing to low labour costs.
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