The global compression molding machine market is experiencing significant growth and is expected to grow considerably in the next few years. Compression molding machine is a specially designed molding machine that is used for molding a specific material or object by the compression force. It is used to mold fiberglass, thermo-plastic, metal sheets, chemical powders, and others. This vast use of compression molding machines is a major factor driving the demand for compression molding machines, especially in the chemical, pharmaceutical and manufacturing. In addition, these machines can provide excellent surface finishes, textures, and styles. Moreover, they are advanced machinery and are categorized on the basis of the number of platens they comprise, such as two-layer molding machines, three-layer molding machines, multi-layered molding machines, and others. Major players in the compression molding machine industry adopt advanced technologies to increase the efficiency and pressing capacity of their products to sustain the competition in the compression molding machine market.
Market Scope and Structure Analysis
Description
A compression molding machine is made up of a moving mold platen and a stationary mold platen. Job pieces are kept on the heated stationary platen and the mold is then closed with the top/moving platen compressed with a hydraulic press to mold the job piece into the desired form. Further, the combination of both pressures generated by hydraulic press and heated mold makes compression molding very effective in the manufacturing industry.
COVID-19 Impact Analysis
- The COVID-19 pandemic ceased the production of various products in the compression molding machine industry, which is attributed to the global lockdown. This has hampered the growth of compression molding machine market in the year of 2021 and is anticipated to show some negative impact in the next year as well.
- The major demand for compression molding machines was previously noticed from giant manufacturing countries, including the U.S., Germany, Italy, UK, and China, which are negatively affected by the spread of the coronavirus, thereby declining the demand for compression molding machines.
- Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on their cash reserves. Compression molding machine manufacturers can afford a lockdown only for a few months, after which the players have to modify their investment plans. For instance, various players in the market halted their production activities for several weeks to reduce their expenses. On the contrary, few players adopted employee lay-offs to sustain themselves during the COVID-19 health crisis.
- Compression molding machine manufacturers are expected to focus on protecting their workforce, operations, and supply chains to respond to immediate crises and find new ways of working after COVID-19. For instance, provision of sanitizers, maintaining social distancing, as well as ensuring the vaccination of every employee in the company can assist in promoting the health & safety of the workforce.
Top Impacting Factors
Increase in investment in infrastructure and manufacturing sectors by private and public entities all around the world is boosting demand in the compression molding machine market. A significant rise in the automotive industry has been witnessed due to an increase in the disposable income of the public in general, especially in developing countries. This factor is estimated to drive the demand for the compression molding machine market. Moreover, these machines have a wide range of applications across industries such as pharmaceuticals, chemicals, and plastics. However, the high cost of maintenance and its inability to make complex parts are some of the restraining factors hindering the growth of the compression molding machine market. In contrast, technological advancements in compression molding machine products, such as automation, the use of stronger and more durable materials, can increase the equipment's efficiency. This is anticipated to create lucrative opportunities for the compression molding machines market growth during the forecast period.
Market Trends
- New products that contain improved capabilities are launched by leading market players. For instance, Wabash MPI launched the Genesis Series Hydraulic Compression Press, with model name G50H-19 ASTM. It is specially designed for vulcanized rubber to prepare sheets for material property testing in accordance with ASTM D3182.
- Key players in the compression molding machine market are upgrading their machinery for new applications. In recent years, injection compression machines have been extensively used for stack molding to produce thin-walled packaging materials, which proved to be one of the most cost-saving measures in the thin-walled packaging mark.
Key Benefits of the Report
- This study presents the analytical depiction of the compression molding machine industry along with the current trends and future estimations to determine the future investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the compression molding machine market share.
- The current market is quantitatively analyzed to highlight the compression molding machine market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
Compression Molding Machine Market Report Highlights
| Aspects | Details |
 By Product Type |
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 By End-user Industry |
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 By Molding Type |
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 By Region |
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