Page 30 - Plastics News March 2018

FeAtures

from the other trading partner countries. According to IMM Market Segmentation & Drivers
reports The Austrian injection molding machinery exporters
has the most advantage in exporting followed by Japan Injection moulding machinery market is segmented by
The other countries having the advantage are Germany raw material used in processing. Plastics molding occupies
the major share of injection moulding machinery market.
Switzerland and Thailand The comparative advantage
number is derived from multiple factors such as trade The demand for plastic injection molding is due to its
flow between two trading partners, price by competing increasing use in end-segment such as automobile,
manufacturer, the proximity of the market etc. packaging and consumer goods.
Automobile occupies the major share of plastic molding.
Injection Molding Machine Market Diversification
OpportunityThe United States is the largest market Through injection moulding process a vast range of
due to which it is the target of leading machinery automobile parts is produced such as bumpers, electrical
manufacturer making it a competitive market. So as a housings, exterior body panels, dashboards etc. The

automotive sector consisting of passenger vehicles and
market diversification strategy, the molding machinery
companies should find an alternative market to target commercial vehicles have shown a consistent increase
injection molding companies to grow their business.The in production since 2012 to 2016. The number of units
growth in demand for plastic injection molding was due to produced in 2012 was 84.2 million and in 2016 was 94.9
automotive and packaging industry has driven the market. million globally.
Kuwait is the fastest growing import market for injection The Asian Pacific region has the least car per 1000 people.
molding machines So as economic conditions are improving in Asian region
the demand for cars are also growing. The growth in the
Some of the market with high growth rate along with
considerable import volume is Mauritius (US$ 10.3 mn) automobile sector and the lower production cost in the
with a growth rate of 193% from 2012-16, Lithuania (US$ region are pushing the demand for plastic injection molding
10.4mn) with a growth rate of 56% from 2012-16, Qatar products. As per geographical segmentation, the demand
(US$ 10.1mn) with a growth rate of 41% from 2012-16, for injection molding machine is highest in Asian Pacific
Kyrgyzstan (US$ 10 mn) with a growth rate of 39% from region followed by European region.
2012-16 and others. The market diversification of injection As seen some of the developed countries are having more
moulding machinery manufacturers should be based on than 500 cars per thousand people. While most of the
competitiveness in these markets. Asia region is having a very low penetration of cars per
thousand. These markets are yet to realize its full potential

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