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Photo by Engel Engel Victory machine with the group's new injection unit.
Market research company, Ceresana, has produced a report on global injection moulding, saying that 54% of plastics used for injection moulding were consumed in Asia-Pacific.
Meanwhile North America saw a share of 15.4% of plastics being used for injection moulding and Western Europe 14.3%.
Ceresana highlights that the most important sales market for injection moulding is the packaging industry with the second largest sales market being products for the transportation industry. From 2015 to 2023, the market research company estimates global demand in the transportation application area to increase by 3.7% per year.
The report analysed the market for plastics used for injection molding, particularly for polypropylene (PP), polyethylene (LDPE, LLDPE, HDPE), polyamide (PA), acrylonitrile butadiene styrene (ABS), polystyrene (PS), polycarbonate (PC), and other products.
The company found that over the past eight years global demand for products made of polypropylene, the most popular for injection moulding, rose by an average of 3.8% per year.
The second biggest plastic for injection molding is polyethylene with a market share of 20%. But the company points out that the share of demand for polypropylene in the segment of packaging is nearly 70% while its share in the construction industry only totals 12%.