Plastic processing are the methods used to transform plastic materials into different forms such as granules, pellets, sheets, etc. Plastic can be processed with different methods including compression, machining, molding, extrusion, thermoforming, forging, casting, and many others. The processing methods usually depend on production rate, equipment cost, tooling cost, etc. High tooling equipment cost methods are used for large-scale production.
Injection Molding: The Widely Used Method for Processing Plastic Parts
Injection molding is expected to be the most widely used method over the forecast period i.e., from 2017 to 2025. A lot of companies are highly preferring injection molding on account of its numerous benefits such as low manufacturing costs, low scrap rates, improved strength, ability to use multiple types at a time, and better efficiency. Part reliability and brand consistency offered by injection molding machines are also expected to contribute toward the segment growth in future.
In addition, constant technological developments in the segment are also likely to boost the overall growth. Some of the latest advances in the plastic injection molding include gas injection technique (GIT), water injection technique (WIT), and dual-shot injection molding. In GIT, the plastic injection is supported by the injection of pressurized gas, usually nitrogen, into the mold. Nitrogen is dry, odorless, and non-toxic gas that can contact melts at higher temperatures without causing corrosion or splay.
The extrusion method segment is also likely to witness high growth over the next few years. Extrusion methods are preferred for converting a wide variety of polymers into final products such as tubes, films, filaments, sheets, cables, cords, profile shapes, and rods. Key factor behind the growth of this segment includes its excellent compounding, high production volumes, cost-effectiveness, and efficient melting.
Market Overview
According to a research report published by Grand View Research, Inc.; the global plastic processing machinery market is predicted to reach USD 43.7 billion by 2025. The global plastic processing machinery demands are anticipated to expand at a healthy CAGR of 5.7 % during the forecast years. Rising trend of mechanized packaging for enhanced packaging quality are considered the key factors driving the market growth.
Moreover, strict regulations regarding depletion and recyclability of the traditional materials, like wood, have resulted in an increased demand for plastic materials across different industries. This is also expected to augment the market growth over the coming years. Husky Injection Molding Systems Ltd.; The Japan Steel Works, Ltd.; Persimmon Technologies Corp.; and Arburg GmbH + Co KG are some of the top companies in this market.
In-Depth Research Report On Plastic Processing Machinery Market:
https://www.grandviewresearch.com/industry-analysis/plastic-processing-machinery-market
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