The global 2-shot injection molding market is projected to reach $10.9 billion by 2026

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SAN FRANCISCO, March 16, 2022 /PRNewswire/ — A new market study published by Global Industry Analysts Inc. (GIA), the leading market research firm, released its report today entitled “2-Shot Injection Molding – Global Market Development and Analysis”. The report presents new perspectives on opportunities and challenges in a significantly changed post-COVID-19 market.

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The global 2-shot injection molding market is projected to reach $10.9 billion by 2026

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Edition: 7; Brought out: February 2022
Executive engagements: 479
Companies: 52 – Players covered include Bemis Manufacturing Company; Biomedical Polymers Inc.; carclo Engineering plastics; Evco Plastics; Gemini Group, Inc.; Nyloncraft, Inc.; Rogan Corporation; Yomura Technologies and others.
Cover: All major regions and key segments
Segments: Application (Automotive, Consumer Goods, Electrical & Electronics, Medical, Other Applications)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and rest Europe); Asia Pacific (Australia; India; South Korea; and rest Asia Pacific); Latin America (Argentina; Brazil; Mexico; and rest Latin America); middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and rest middle East); and Africa.

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ABSTRACT-

Reach global 2-shot injection molding market $10.9 billion until 2026
Two-component injection molding is a process in which two materials are molded in a single molding cycle. Also referred to as multi-material injection molding, 2k Injection molding, double-shot molding or 2-color molding, it is a technique that allows a product to be molded from two materials in a single mold. Growth in the 2-shot injection molding market in the coming years would be led by increasing demand for high-precision molded parts in industries such as medical and automotive. With 2-shot molding, designers are able to create parts with multiple value-added features. The molding process enables the molding of soft-touch materials with stronger substrates to improve the aesthetics and ergonomics of products. Automobile manufacturing and the end-use market for medical products are the two primary end-use sectors. A notable trend in the market has been the rapid development of a few specialized polymer grades that could be used specifically in the 2-shot molding process. These specialty polymers have improved adhesion and compatibility with the other polymers and are also offered in a variety of colors.

Amid the COVID-19 crisis, the global 2-shot injection molding market is estimated at $8.4 billion in 2022 is expected to reach a revised size of $10.9 billion to 2026 and growing at a CAGR of 6.2% over the analysis period. The automotive industry, one of the segments analyzed in the report, is expected to grow at a CAGR of 4.9% to reach it $2.6 billion until the end of the analysis period. After a thorough analysis of the business impact of the pandemic and the economic crisis it is causing, growth in the consumer goods segment is adjusted to a revised annual growth rate of 6.4% for the next 7 years. This segment currently accounts for 21.1% share of the global 2-shot injection molding market. In the automotive manufacturing market, 2-shot molding is used to produce components such as battery packs, jigs and lever caps, among others, that need to be durable and have a good appearance. Within the consumer goods sector, the use of 2-shot injection molding is widespread in the manufacture of components of varying design and volume specifications, from small and low-volume to complex and high-volume. Bottle dispensers, kitchen bakeware, plastic shower heads, and silicone parts and products for home use are prominent applications of 2-shot molding in the consumer goods space.

The US market is estimated at 2 billion dollars in 2022, while China is expected to reach $1.7 billion until 2026
The US 2-shot injection molding market is estimated at $2 billion in 2022. The country currently has a 23.58% share of the world market. Chinathe second largest economy in the world, is expected to reach an estimated market size of $1.7 billion in 2026 with a CAGR of 8.4% over the analysis period. Among the other notable geographic markets are Japan and Canada, forecasting growth of 4.7% and 5.2%, respectively, over the analysis period. Within Europe, Germany is forecast to grow at approx. 5.4% CAGR while reaching the rest of the European market (as defined in the study). $1.8 billion until the end of the analysis period. As Asian consumers are price-conscious, automakers are focusing more on the car’s light weight, which includes replacing metal parts with plastics. This should further boost demand for plastic injection molding machines.

Electrical and electronics segment to be reached by application $2.2 billion until 2026
A significant number of consumer and medical electronics applications are exploring opportunities made possible by regulatory rated biocompatible, solvent resistant overmold materials. For projects like this, the 2-shot molding approach can provide the best results. 2-shot injection molding of electronic and electrical equipment involves low or high pressure processing of a preformed device to provide a tough thermoplastic outer layer, more secure encapsulation, and an overall seal. In the global Electrical & Electronics segment United States of America, Canada, Japan, China and Europe will drive the 6.3% CAGR estimated for this segment. These regional markets together make up a market size of $1.1 billion will reach a projected size of $1.8 billion until the end of the analysis period. China will be among the fastest growing in this cluster of regional markets. Led by countries such as Australia, Indiaand South Koreathe market one Asia Pacific is forecast to achieve $275.1 million by 2026, while Latin America will expand at a CAGR of 7.6% during the analysis period. More

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Zak Ali
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Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
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