Injection Molding Machine Market Hit USD 22.45 billion by 2025: Grand View Research, Inc.

29-January-2019: The global injection molding machine market size is anticipated to be valued at USD 22.45 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 3.5% over the forecast period. Growing demand for lightweight and complex automotive and electronic components is projected to enhance the requirement for Injection Molding Machines (IMM).

Rising industrialization, technological developments, rapid urbanization, and growth in infrastructure are anticipated to augment demand for IMM. Increasing mass production in automotive, consumer goods, and electronics industries are expected to propel the global injection molding machine market over the forecast period.

On the basis of materials, IMM market is segmented into plastic and metal injection molding machines. In terms of revenue, the plastic segment valued at USD 12.99 billion in 2017. It is projected to hold the largest market share over the forecast period.

Automotive segment was valued at USD 4.97 billion in 2017 and is projected to register significant expansion in the forthcoming years. Injection molding machines find a range of applications in automotive industry. They are used to manufacture the most complex and critical parts including interior and exterior trim components, electronic subassemblies, and under-hood application components. Consumable goods are among the largest segment where IMMs are used to manufacture personal hygiene products, housewares, cosmetics, and convenience goods.

In terms of technology, electric injection molding machine market accounted for USD 5.8 billion in 2017 and is anticipated to witness robust growth over the forecast period. High adoption of electric injection molding machine for diverse applications across electronics, packaging, and healthcare industries is likely to boost the demand over the forecast period. In 2017, the electrically operated machines segment accounted for around 34.00% of the global injection molding machine market share. High adoption of technology coupled with production costs of these manufacturing processes over the existing processes is projected to encourage market growth.

In depth research report on Injection Molding Machine Market

https://www.grandviewresearch.com/industry-analysis/injection-molding-machine-market

Further key findings from the report suggest:

·       The U.S. injection molding machine market revenue is projected to expand at a CAGR of 1.10% over the forecast period. U.S. is among the largest consumer compelled by demand for lightweight and complex components from automotive sector

·       Germany is projected to grow over USD 2.23 billion over the forecast period. Presence of advanced infrastructure and technology, R&D initiatives, and highly skilled workforce are expected to drive the growth

·       China is the largest market for injection molding machine in Asia Pacific and is anticipated to reach USD 3.71 billion in 2025. The country has the largest population in the world and rapidly growing automotive and electronics industries resulting largest market share in the region

·       Key market participants include Chen Hsong Holdings Limited, Engel Austria GmbH, Arburg GmbH & Co. KG, Milacron Holdings Corp., Sumitomo (SHI) Demag Plastics Machinery GmbH, Haitian International Holdings Limited, Nissei Plastic Industrial Co. Limited, and Husky Injection Molding Systems Ltd.

Grand View Research has segmented the global injection molding machine market on the basis of material, technology, end use and region:

Injection Molding Machine Material Outlook (Revenue, USD Billion, 2014 - 2025)

·       Plastic

·       Metal

Injection Molding Machine Technology Outlook (Revenue, USD Billion, 2014 - 2025)

·       Hydraulic

·       Electric

·       Hybrid

Injection Molding Machine End Use Outlook (Revenue, USD Billion, 2014 - 2025)

·       Automotive

·       Consumer Goods

·       Packaging

·       Electronics

·       Others

Browse more research reports of this category:

https://www.grandviewresearch.com/industry-analysis/injection-molding-machine-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Rainscreen Cladding: Extending the Lifespan of Newly Constructive Buildings

8-January-2018: According to a report published by Grand View Research, Inc.; the rainscreen cladding market is expected to reach a valuation of around USD 14.0 billion by 2025.

Increasing construction activities, growing demand for energy-efficient construction and protection of exterior wall, and rise in demand for environmental friendly buildings can propel the market during the forecast period (2014 to 2025). In addition, increasing promotion by International Energy Agency and World Green Building Council is also supporting the market growth.

Increasing need about protecting building exteriors for extending the lifespan of newly constructive buildings as well as removed building has increased the demand for attractive and functional materials across the world. Increasing technological advancements has lead the development of new high-performance durable cladding materials such as unique facade and panels. These improved materials comprise greater moisture management properties and are extensively popular across the interior designers and contemporary architects. In addition, innovative wall system built with high-tech materials offers several opportunities and captivating solutions to architects, contractors, and developers who are looking forward to solving rain penetration issues along with betterment of overall wall performance.

Worldwide rainscreen cladding market can be segmented on the basis of raw material, application, and region. Based on raw material, the market can be categorized into fiber cement, metal, composite material, high pressure laminates, ceramic, terracotta, and others. As per application, the market can be bifurcated into residential, offices, commercial, institutional, and industrial.

Growing spending on affordable housing schemes in emerging countries of Asia Pacific and Latin America expected to spur residential segment. This segment is expected to grow at a CAGR of 6.8% during the study period.

Geographically, the market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Asia Pacific is expected to show significant growth in the coming years on account of growing construction industry in the region especially in emerging countries such as China, Vietnam, Indonesia, and India. Factors such as rise in population in these countries along with increasing demand for affordable housing and presence of government schemes regarding energy efficiencies can drive the market in this region. Energy-efficient buildings minimizes the amount of resources require for air conditioning (HVAC), ventilating, heating. In addition, easy availability of raw material and less set-up cost are the key factors attracting international companies to set-up their facilities in this region. This has help to introduced technologically advanced wall systems in this region.

North America is expected to expend on account of ongoing construction activities, shale gas exploration efforts in the Gulf Coast region, and development of new power plants. The region is expected to show high demand in residential construction. Growing employment rates in this region are expected to create more demand for residential projects. The U.S. observed the highest construction rate in the recent years.

Latin America shows mixed dynamics as Brazil has stuffed from deepest economic contraction in recent years. However favorable external market conditions are expected to create stability in the region. Also, implementation of monetary policy normalization initiatives by the governments in this region for aligning domestic inflation is expected to create positive outlook in this region. In addition, ongoing infrastructural developments in Mexico and policy continuities in Peru will support the growth in this region.

In Europe, Central and Eastern European countries are likely to show high growth. Factors like presence of low interest rates and improvement in disposable income along with European Commission’s Investment Plans are expected to create positive outlook for the construction sector in this region.

In Middle East & Africa, construction sector is expected to expand owing to implementation of supportive government policies, growing investments in various sectors including healthcare, education, and infrastructure to reduce dependency on oil activities across the region. Moreover, Introduction of the White Land Tax initiative by the Saudi Arabian government to solve the housing shortage is expected to support the market growth.

Prominent players operating in the market include Shildan, Inc.; Cladding Corp.; BMC Gulf; Allied Building Products Corp.; and Vivalda.

In-Depth Research Report On Rainscreen Cladding Market:

https://www.grandviewresearch.com/industry-analysis/rainscreen-cladding-market

Permanent Magnet Market is Projected to Reach USD 38.53 billion by 2024: Grand View Research, Inc

4-January-2018: According to a report by Grand View Research, Inc., global permanent magnet market is anticipated to value USD 38.53 billion by 2024. Growing need for permanent magnets in production of batteries for hybrid and electric cars is anticipated to propel product demand.

Growing adoption of advanced technological processes such as transverse pressing, powder metallurgy, and isostatic pressing to manufacture permanent magnets can fuel growth of market. Continual development of innovative products powered by permanent magnet technology such as azimuth thruster can influence growth of market. Infusion of additional investments by national governments to improve production processes of permanent magnets is likely to augment growth of market over the forecast period (2013-2024).

The permanent magnet market can be segregated on the basis of product, application, and region. Based on product, the market can be categorized into rare earth and ferrite. In 2016, rare earth segment dominated the market and account for largest share. It is expected to grow at similar pace over the forecast period attributed to high demand for neodymium in sensors and gauges of expensive automobiles. In addition, demand for rare earth in data storage devices such as HDD is anticipated to propel product demand over next few years. However, presence of SDDs can restrain demand for HDD and limit consumption of product.

Similarly, demand for ferrite permanent magnets is expected to grow over the forecast period attributed to corrosion resistance offered by the product. The segment is likely to grow at CAGR of 7.2% over next few years owing to increasing use in air bag actuators, automatic braking system (ABS), and fuel cut-off devices.

Based on application, the market can be classified into electronics, automotive, energy, aerospace, medical, and others. Rising demand for electronics is expected to boost demand for permanent magnets over the forecast period. However, growing adoption of cloud computing is likely to impact demand for electronic storage devices such as VCDs, DVDs, and CDs. This, in turn, can hamper growth of market in next few years.

On the contrary, increasing use of rare earth magnets in space programs, military defense technologies, and aviation sector can fuel market growth. In addition, use of promethium in atomic batteries for spacecraft and guided missile systems can boost product demand over the forecast period.

Regional segmentation includes Europe, North America, Asia Pacific, Central & South America, and Middle East & Africa. Asia Pacific is anticipated to grow well over the forecast period attributed to rising demand for rare earth and ferrite magnets by electronics and automotive sectors. In addition, growing industrialization in Chinese economy is likely to result in its development as manufacturing base. This, in turn, can lead to high demand for magnetic materials in the country. China is expected to be the largest manufacturer of rare earth magnets attributed to presence of large-scale deposits. This is likely to reduce prices of raw materials due to low cost production in this economy. Moreover, rising production output of raw materials can result in continuous supply of magnets in the country. China is expected to account for market revenue of USD 14.75 million by 2024.

Similarly, Europe is expected to witness significant growth owing to rising demand for ferrite magnets in automotive sector in different types of motors and other systems can fuel market growth. In addition, growing need for luxury cars in developed economies such as Germany, United Kingdom, Spain, France, and Italy can stimulate demand for magnetic materials over the forecast period.

In North America, United States (U.S.) ferrite magnets market is expected to be dominated by non-electric segment as of 2015. However, country is likely to witness significant rise in adoption of plug-in electric cars over next few years. Advanced products offered by major automotive players such as Chevy, Ford, Nissan, Audi, and BMW can surge demand.

Some of the leading companies offering permanent magnets are Arnold Magnetic Technologies, Eclipse Magnetics Ltd, Electron Energy Corporation, Hangzhou Permanent Magnet Group, and Hitachi Metals Ltd

In-Depth Research Report On Permanent Magnet Market:

https://www.grandviewresearch.com/industry-analysis/permanent-magnets-industry