Due to advances in modern technology, as well as changes in customer demand, the global plastic injection molding machine market is experiencing a boom. Researchers predict major growth between the years 2020 and 2024. If you’re a business owner in Utah and you work with plastics, read on to learn what you need to know about what will affect the plastic injection molding market in the years to come.
Areas driving demand
To understand the growth of the plastic injection molding market in Utah and around the world, it’s important to learn about what’s driving demand. Researchers see increasing need for the following products:
- Food packaging
- Medical devices
- Electronic components
- Automotive components
Urban population growth is one of the factors leading to increased demand. These products require plastic injection molding so they can be made on a massive scale without sacrificing quality.
Unexpected challenges and unexpected opportunities
The coronavirus crisis has affected every business and industry throughout the world, and the plastic injection molding industry in Utah is no different. The COVID-19 pandemic has proven that for any business to survive, they must adapt to rapidly changing circumstances. While certain industries experienced lagging demand, unexpected needs arose and the plastic injection molding industry rose to the occasion. In particular, acrylic sheets needed to be fashioned into clear partitions, sneeze guards and other components to allow for social distancing. If a situation like COVID-19 arises in the future, it’s important for a business to be flexible to weather the storm and turn challenges into opportunities.
Turning ideas into reality
The growth of the DIY industry has also presented some challenges to the plastic injection molding machine market, mainly due to the rise in 3D printing. 3D printing uses an additive process, putting down layers of plastics to create a finished product. Machines that use 3D printing technology can be affordable to the average person, making it very easy for individual creators to quickly make prototypes. There is a sacrifice when it comes to quality, though, and you’re limited to products of small sizes and designs of minimal complexity.
While these technologies continue to improve, the quality and convenience of plastic injection molding machines is still the best way for producing plastic products and components. This technology is useful for making quality prototypes for consumer or product testing. It’s especially helpful when you’re creating large numbers of identical pieces—using this technology ensures consistency and part reliability in high-volume production. Plastic injection molding technology is still the best option for anyone who’s looking to turn their ideas into reality.
If you work with plastics in Utah, learning about the growing market for plastic injection molding machines will set your business on the path to success. Since the market continues to grow and change, it’s clear that this vital technology will continue to be in demand and will continue to improve. Contact D&D Plastics to learn more about these machines and what they can make for your business. We look forward to working with you!
Categorised in: Injection Molding
This post was written by Writer