Global Injection Molding Parts Development Trends

1. Overall Industry Development Trends
The global injection molding parts industry is expected to continue to grow by 2026, with a projected market size of US$15.855 billion and a compound annual growth rate of approximately 6.39%. This growth is primarily driven by the following factors:

1) Accelerated Industrialization in Emerging Markets: The rapid rise of manufacturing in Southeast Asia, South Asia, and Africa has led to a significant increase in demand for plastic molds, such as Fengjin plastic injection molds, and plastic products. Taking India as an example, its injection molding machine imports have continued to grow by 15% in recent years, and this trend is expected to continue until 2026.

2) High-end Manufacturing Recovery: Developed economies such as Europe and the United States are increasingly demanding high-precision, high-performance injection molding machines, driving the industry towards high-end development.

3) Automotive Lightweighting Trend: The global tailgate market is expected to grow at a compound annual rate of 4%, reaching a market size of US$15 billion by 2027. The all-plastic tailgate market has broad prospects.

2. New Materials and Technological Innovation
Application of Specialty Engineering Plastics: Materials such as PPS and PEEK are replacing traditional metals in components such as battery covers and motor housings in new energy vehicles, reducing weight by over 50%.