2-shot Injection Molding Market: Introduction
Transparency Market Research delivers key insights on the global 2-shot injection molding market. In terms of revenue, the global 2-shot injection molding market is estimated to expand at a CAGR of ~5% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global 2-shot injection molding market.
High cost of machines and limited choice of material pairs are likely to hamper the global 2-shot injection molding market during the forecast period. Increase in demand for plastics and rise in usage of injection molding are estimated to drive the global 2-shot injection molding market over the next decade, as plastic injection molding is extensively employed in the production of plastic parts, ranging from medical equipment to toys.
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2-shot Injection Molding Market: Dynamics
The demand for plastics is increasing. This is expected to boost the 2-shot injection molding market, as the technique is widely employed in the plastic industry. Differentiation in products and value addition can be achieved through 2-shot injection molding.
2-shot injection molding is used to manufacture hard and soft plastic-based products. The 2-shot injection molding technique is used to manufacture seals from soft plastics. Some common examples of products manufactured using the 2-shot injection molding technique include bicycle handlebar grips, toothbrushes with hard handles, control buttons, and anti-slip applications.
The 2-shot injection molding technique is a preferred technique to manufacture two component parts in a single operation. This eliminates or reduces the need for expensive secondary joining or assembly.
2-shot Injection Molding Market: Prominent Regions
Europe dominates the global 2-shot injection molding market. Medical and automotive sectors in the region are expanding at a rapid pace. This offers significant growth opportunities to the 2-shot injection molding market in the region. Manufacturers of 2-shot injection molding machines and resin suppliers in Europe work closely with molders to develop custom solutions to meet client needs.
The 2-shot injection molding market is expanding rapidly in Eastern Europe due to the shifting of molding sites from Western Europe to the region.
The demand for 2-shot injection molding is steady in North America, as companies in the region are increasingly outsourcing their manufacturing operations to companies in countries such as China and Mexico in order to maintain their cost competitiveness. The market size of the U.S. is more than four times that of Canada. In terms of revenue, the U.S. accounted for key share of the 2-shot injection molding market in North America in 2020.
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2-shot Injection Molding Market: Key Players
The global 2-shot injection molding products market is fragmented with the presence of global and regional key manufacturers. Prominent players operating in the global 2-shot injection molding market are Gemini Group, Inc, Rogan Corporation, Nyloncraft, Inc., Paragon Rapid Technologies Ltd, Season Group International Co., Ltd., Girard Rubber Corporation, CM International Industries Corporation, SIMTEC Silicone Parts, Midstate Mold & Engineering, Carclo Technical Plastics, Yomura Technologies, EVCO Plastics, and CMG Plastics.
