Hot Runner Market Size Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, France, UK, Italy, Sweden, Russia, China, Japan, India, South Korea, Australia, Brazil, Mexico, Argentina, Saudi Arabia, UAE, South Africa), Growth Potential, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI4997
Hot Runner Market size is set to witness significant growth from 2021 to 2027 with rapid rise in investments in the industrial sector and high demand for injection molded plastic in healthcare and automotive. Major players are designing hot runners for electric valve doors to ensure energy efficiency, boosting the market growth. For instance, Solventive Molding Solutions' eGate electric heat pump system is suitable for injection molding applications that require responsiveness and accuracy. Plastic applications are booming across industries, such as electrical, automotive, construction, and healthcare, due to multiple benefits offered while storing materials.
Modified plastic products are increasingly used in various stages and industries, creating a need for improved manufacturing systems and high-quality products that can be achieved through the implementation of a cost-effective design process, spurring the hot runner market demand. The innovation in technology and new product launches are expected to create lucrative market opportunities.
The hot runner system feeds molten plastic into several holes to create a plastic sample. This is a needle assembly unit that uses hot tools to keep the plastic in a liquid state. This hot plastic can travel from a mechanical tube through an internal channel called a flow and feed directly into multiple cavities at the same time. Hot runner technology has changed the ability to inject needles in several ways including improving the manufactured part, reducing debris, and improving overall performance.
Technological advancements play a key role in the automation & plastic molding process through IoT and industry 4.O, aiding hot runner market. growth. Digitalized processes and interconnected systems reduce the error times to obtain high-quality products in less time with the help of real-time data.
The government focuses on the existence of political stability and the creation of an effective regulatory & legal framework for economic development. The sound government policies and initiatives related to the development of the industrial sector will encourage local & foreign buyers to enter the competitive markets. Major competitive industries are focusing on expanding their base in developing countries including India and China to increase their market presence.
Based on types, the hot runner market is bifurcated into open and valve gate hot runners. The valve gate hot runner is likely to dominate the market during the forecast period. The valve door was originally selected for applications where the temperature gate signal was not received. However, valve doors offer additional and practical benefits to injection molding including cycle time reduction, elimination of drool & gate string, and improving physical properties.
In terms of application, the market is segmented into automotive, medical, electronics, packaging, and other industries. The higher demand for automobile is poised to dominate the automotive segment during the forecast period followed by the packing industry. Depending on medical technology, the plastic cannot be replaced. Syringes, tubes, temperatures, rubber tubes, and a variety of non-invasive medical devices are essential for theater and medical practice. The medical industry plays a key role to spur hot runner market growth.
The Asia Pacific region is projected to show exponential growth with an increasing market share owing to the presence of developing countries including India and China. Equipment upgrades and investments associated with the increased demand for synthetic rubber products are expected to support hot runner market growth during 2021 to 2027. North America is predicted to dominate most of the market through 2027 propelled by the high acceptance of hot runners. The increased technological advances on account of improved infrastructure and wider application availability are driving the market growth.
Major market players include Günther Heisskanaltechnik, INglass Group, Fisa Corporation, Seiki Corporation, Milacron Inc., INCOE Corporation, and Yudo Group. Over time, various developments have happened in the market and are likely to happen in the future. For instance, in 2019, INCOE introduced SealFit Hot Halve, a ready-to-use heating system with SealFit nozzles that is fully integrated into the molded mold plate and pretested for industrial operation.
Hot Runners Market, By Type, 2021 – 2027
- Open Gate Hot Runner
- Valve Gate Hot Runner
Market, By Application, 2021 – 2027
- Packaging industry
- Automotive industry
- Electronic industry
- Medical industry
The above information is provided on a regional and country basis for the following:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Günther Heisskanaltechnik
- Barnes Group Inc
- INglass Group
- Fisa Corporation
- CACO Pacific Corporation
- Seiki Corporation
- Husky Injection Molding Systems Ltd.
- EWIKON Molding Technologies, Inc.
- Milacron Inc.
- Fast Heat UK Limited
- INCOE Corporation
- Yudo Group
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