As our cars get lighter and faster, our dependency on the most versatile material of all, plastic, gets ever more prevalent, the result of which is that the injection molding market is exploding!
A recent report stated, 'The plastic injection molding machine market size is projected to reach USD 11.6 billion by 2028, up from USD 9.5 billion in 2022’ and what’s even more jaw-dropping is that this substantial growth can be attributed mainly to the automotive industry.
The report by marketsandmarkets.com predicts that “the automotive segment is estimated to be the largest application of the plastic injection molding machine market during the forecast period”.
The use of injection molding to create parts ranging from the minute components in mechanisms to far more noticeable such as bumpers, door panels and handles by specialist firms such as NS KUNSTSTOFFTECHNIK - CZ is fuelling the subsequent wider growth of vehicles. Utilizing plastic in almost every conceivable way, NS-K are almost certainly playing their part in this high-growth season.
Categorizing the results in the study into clamping force, industry, and of course geography, it is abhorrently clear that the increase in middle-class car demand is ricocheting across the supply chain and increasing demand from all angles. Good news indeed for a sector that was hit so hard by Covid-19, and one which couldn’t have dreamt of such a bounce back even a year ago.
If you’re looking for exceptional molded parts, with a vast array of machinery ranging from 6.5T to 1200T pressure, NS-K are able to help design and deliver to meet your scale and timeline. Add to that their Visual Value Stream Mapping where each of your orders are identified by a color, and in turn opens the door for you to follow it throughout the whole manufacturing process from raw materials at the beginning to packed, finished products at the end and you can see why they are Europe’s leader in this area.