LIQUID INJECTION MOLDING MARKET ANALYSIS

Regional Analysis

Geographies Covered

• North America is a lucrative market for liquid injection molding products. The U.S market consumes and manufactures a significant amount of the world’s silicon rubber due to its large applications in medical devices, automobile, and electronics devices. According to International Trade Administration (ITA), the U.S. is the largest end user of medical device. The U.S medical device market valued over US$140 billion, which accounted for nearly 45 % of the global medical equipment market in 2015. Apart from this U.S, Canada, and Mexico have large markets for automotive parts, which employ liquid injection molding. Therefore the increasing demand for medical equipment and automobile along with daily consumer goods, has increased the demand for liquid injection molded products, in turn projected to fuel market growth over the forecast period.
• Asia Pacific is the fastest growing market for liquid injection molded products. China, India, and Japan are the major countries of the Asia-Pacific region that consume and manufacture these products. According to CAAM (China Association of Automobile Manufacturers), in 2015, China reached a sale of around 21.1 million passenger cars. Most vehicle parts employ injection molding process, which in turn, is expected to boost growth of the liquid injection molding market over the forecast periods.
• Europe is the largest region in terms of value. Increasing demand for electrical appliances and automotive components fuels the growth of the injection molding market in Europe. Moreover, increasing globalization and production have led to the steady growth of the market in the region. Manufacturers operating in the liquid injection molding market are focusing on and largely investing in research and development to expand their product portfolio in Europe. According to FDA, validation is a prerequisite for injection molding. The process is fully verified by subsequent test and inspection.