Plastic Injection Moulding Market is expected to grow at a CAGR of 3.9% through 2030F
The global Plastic Injection Moulding Market
is expected to be led by North America, driven by Growth in Consumer
Electronics and Advancements in Injection Moulding Technology during the
forecast period 2026-2030F
According to TechSci Research
report, “Plastic Injection
Moulding Market - Global Industry Size, Share, Trends, Competition Forecast
& Opportunities, 2030F", The Global Plastic Injection Moulding Market
was valued at USD 13.2 billion in 2024 and is expected to reach USD 16.8
billion by 2030 with a CAGR of 3.9% through 2030. The expansion of smart manufacturing and Industry 4.0 integration, where
digital technologies such as IoT, machine learning, and real-time monitoring
are being used to optimize production processes, reduce waste, and improve
quality control. This digital transformation enhances operational efficiency,
enabling faster turnaround times and greater customization capabilities.
Another
significant driver is the increasing adoption of 3D printing in mould
development, which reduces lead times and costs associated with traditional
tooling. This has made prototyping and low-volume production more accessible,
especially for small and medium-sized enterprises. Additionally, the rise of
urbanization and housing developments in emerging markets is fueling demand for
plastic components used in construction, such as window frames, fixtures, and
fittings.
Furthermore,
the growth of the personal care and cosmetics industry is creating demand for
aesthetically appealing and functional plastic packaging solutions, boosting
injection moulding applications. Lastly, global supply chain diversification,
where companies are expanding production across multiple geographies, is
increasing the need for reliable, scalable, and flexible manufacturing
solutions like injection moulding, reinforcing its long-term market potential.
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Based on Raw Material Type, Acrylonitrile
Butadiene Styrene (ABS) segment dominated the Plastic Injection Moulding Market
in 2024 and maintain its leadership throughout the forecast period, owing to
its exceptional balance of strength, durability, and cost-effectiveness. ABS is
a thermoplastic polymer known for its high impact resistance, toughness, and
excellent dimensional stability, making it an ideal choice for a wide range of
industrial and consumer applications. Its ability to withstand mechanical
stress while offering superior surface quality, gloss, and color retention
makes it highly desirable across multiple end-use sectors including automotive,
consumer electronics, appliances, construction, and toys.
One of the key drivers for ABS dominance
is its extensive usage in the automotive industry, where it is widely employed
for producing dashboards, trims, consoles, and various interior and exterior
components. The demand for lightweight materials that help enhance fuel
efficiency without compromising strength has significantly boosted ABS
consumption in automotive manufacturing. Additionally, the material’s ease of
moulding and capability to produce intricate shapes supports the mass
production needs of vehicle manufacturers.
In the consumer electronics segment, ABS
is favored for making casings for laptops, keyboards, TVs, and smartphones, due
to its rigidity, resistance to heat, and ability to be easily electroplated.
The growing demand for aesthetically pleasing, durable, and functional plastic
parts in consumer goods has further reinforced the dominance of ABS in the
market. Similarly, in the home appliance industry, ABS is widely used in vacuum
cleaners, refrigerators, washing machines, and air conditioners for both internal
and external components. Its ability to maintain structural integrity under
varying thermal conditions contributes to its widespread preference.
Furthermore, the cost-efficiency and
recyclability of ABS make it a sustainable choice compared to other raw
materials. With growing emphasis on circular economy models, manufacturers are
increasingly integrating recycled ABS into their production processes without
significantly compromising on quality, thus supporting environmental goals
while maintaining production efficiency.
The building and construction sector
also utilizes ABS for fittings, piping systems, and protective panels due to
its weather resistance and robustness. Additionally, the toys and recreational
product industry continues to be a significant consumer of ABS, as evidenced by
global brands like LEGO that rely heavily on the material for its safety and
durability characteristics. Overall, the combination of mechanical performance,
aesthetic appeal, adaptability, and cost-efficiency has firmly positioned
Acrylonitrile Butadiene Styrene (ABS) as the dominant raw material in the
plastic injection moulding market, with continued demand anticipated across
existing and emerging applications.
Asia Pacific is emerging as the
fastest-growing region for the Plastic Injection Moulding Market, driven by
robust industrial growth, expanding manufacturing capabilities, and increasing
demand across diverse end-use sectors. Countries such as China, India, Japan,
South Korea, and Southeast Asian nations are at the forefront of this growth,
fueled by rising consumer demand, infrastructure development, and government
support for industrialization. The region benefits from the availability of
low-cost labor, raw materials, and a strong supply chain, making it an
attractive hub for plastic injection moulding operations.
The automotive and electronics
industries are major contributors, with manufacturers increasingly using
plastic components to achieve lightweight, durable, and cost-effective
products. China and India, in particular, are witnessing rapid urbanization and
a growing middle-class population, resulting in higher consumption of consumer
goods, packaging, and medical products, all of which rely heavily on plastic
injection moulding processes.
Additionally, the presence of numerous
local and international moulding companies, coupled with rising investments in
automation, precision moulding technologies, and sustainable plastic solutions,
is accelerating market growth. With increasing emphasis on export-oriented
manufacturing and supportive trade policies, Asia Pacific is expected to
maintain its strong growth trajectory, further solidifying its position as a
global leader in the plastic injection moulding market in the years ahead.
Key market players in the Plastic
Injection Moulding Market are: -
- Magna International Inc.
- Toshiba Corporation
- DOW Inc.
- LyondellBasell Industries N.V.
- HTI Plastics, Inc.
- DuPont de Nemours, Inc.
- Valder Kunststoffverarbeitungs GmbH
- Huntsman Corporation
- Coastal Plastic Molding Inc.
- BASF SE
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“The global plastic injection moulding
market presents numerous opportunities driven by evolving consumer needs,
industrial advancements, and sustainability trends. One of the key
opportunities lies in the growing demand for biodegradable and bio-based
plastics, offering manufacturers a chance to innovate eco-friendly solutions
and tap into the expanding green economy. The rise in electric vehicles (EVs)
and lightweight automotive components is also opening up new avenues for
plastic injection moulding, as automakers seek materials that reduce weight
without compromising performance.” said Mr. Karan Chechi,
Research Director of TechSci Research, a research-based global management
consulting firm.
“Plastic Injection
Moulding Market – Global Industry Size, Share, Trends, Opportunity, and
Forecast, Segmented By Raw Material Type (Polypropylene, Acrylonitrile
Butadiene Styrene (ABS), Polystyrene, Polyethylene, Polyvinyl Chloride (PVC),
Polycarbonate, Polyamide, Other), Application (Packaging, Building and
Construction, Consumer Goods, Electronics, Automotive and Transportation,
Healthcare, Other), By Region & Competition, 2020-2030F” has evaluated the
future growth potential of Plastic Injection Moulding Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Plastic Injection Moulding Market.
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