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2-Shot Injection Molding Market

2-Shot Injection Molding Market Size by Application (Consumer Goods, Industrial Packaging, Automotive, Electrical and Electronics, Medical, and Others), Product Type (Thermoplastic Elastomers (TPE), Styrene-Butadiene Rubber (SBR), Polystyrene, Acrylonitrile Butadiene Styrene (ABS), Polycarbonate, Silicones, Polypropylene, and Others), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2022 to 2030

Base Year: 2021 Historical Data: 2019-20
  • Report ID: TBI-12823
  • Published Date: Jul, 2022
  • Pages: 234
  • Category: Healthcare
  • Format: PDF
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The global 2-shot injection molding market is expected to reach USD 18.28 billion by 2030, at a CAGR of 9.23% from 2022 to 2030. The growth in medical & automobile applications of 2-shot injection molding products drives the expansion of the 2-shot injection molding market.

Market Overview:

The two-shot injection molding is also called double injection molding. Two-shot injection molding is the ideal plastic molding method for multi-material plastic products, complex, and multi-color, particularly in high-volume production scenarios. Two-shot injection molding can be utilized to bond a part of hard material with another soft material. Two-shot plastic injection molding is an outstanding technique for cost-effective & efficient manufacturing. This method also delivers highly durable end parts & components. 2K/Two-colour injection molding element technology is also ideal for parts with extensive batches. The two-shot injection molding gives manufacturers many benefits like better aesthetics and ergonomics, lower manufacturing price, superior mechanical bonds, and more down production times.

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Market Dynamics:

Drivers:
  • Growing demand from end-use industries:

The increasing demand from end-user initiatives such as packaging, automotive, medical devices, home appliances, and electrical & electronics is the driving factor of the market growth. Further, the vast customer base of worldwide plastic products propels the market growth. Moreover, the injection molding method allows bulk production of plastic goods with less resource wastage and high efficiency. Hence, low production prices & high reproducibility are increasing its industry share. Also, technological improvements in molding technology will surely help the 2-shot injection molding market growth. However, the increase in demand for electronics & other products fuelled by the population increase & the purchasing capacity of the masses is anticipated to boost the worldwide manufacturing industry's 2-shot injection molding market growth.

Restraints:
  • The availability of raw materials:

The fluctuation in the costs of raw materials hampers the market growth. Further, the stringent rules imposed on the application of plastics and the high prices associated with the maintenance of 2-shot injection molding machines are also restraining the market growth factor. Additionally, the increasing concern about the negative environmental influence of plastics and research hinders market growth during the forecast period.

Opportunities:
  • The increasing demand from the healthcare sector:

The ever-rising demand from the healthcare sector is an opportunity for market growth. Further, the adoption of various raw materials utilized in the injection molding process and the growing power efficiency of injection molding appliances are also helping to drive market growth. Moreover, the key factors impacting the demand for medical products include adaptability, awareness, availability, and affordability. In addition, the rising demand for better medical facilities and the ongoing COVID-19 epidemic have augmented the growth of the healthcare sector manufactured by utilizing 2-shot injection molding machines.

Challenges:
  • Presence of alternative technologies:

Several other cost-effective processes limit the usage of 2-shot injection molding. Plastic injection molding is a high-cost technology restraining industry growth even more. In addition, the presence of substitute products, such as 3D printing, urethane casting, and thermoforming are challenging the market growth.

Segmentation Analysis:

The global 2-shot injection molding market has been segmented based on application, product type, and regions.

  • The application segment is divided into consumer goods, industrial packaging, automotive, electrical and electronics, medical, and others. The medical segment led the market with a market share of 21.14% in 2021 due to the increasing demand for mass production of equivalent medical components with design flexibility & accuracy at lower prices. Further, by 2030, the electrical and electronics segment will likely dominate the market due to the rapid pace of innovations in electronics technology. 
  • The product type segment is divided into thermoplastic elastomers (TPE), styrene-butadiene rubber (SBR), polystyrene, acrylonitrile butadiene styrene (ABS), polycarbonate, silicones, polypropylene, and others. The polypropylene segment led the market with a market share of 20.21% in 2021. Polypropylene elements are widely utilized in food packaging & electrical contacts because of their corrosion resistance & electrical insulation properties. This factor also helps drive the segment's growth during the forecast period.
Regional Segmentation Analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East and Africa. Asia Pacific region emerged as the largest market for the global 2-shot injection molding market, with a 48.39% share of the market revenue in 2021.

  • The rising standard of living, growing disposable income, and rapid industrialization are expected to contribute to the market for 2-shot injection molding. Furthermore, the increasing use of 2-shot injection molding to manufacture different parts & components for medical instruments also helps boost the market growth. In addition, the rising population in the region accompanied by the development of new technologies & products also helps to drive the region’s growth.
  • During the forecast period, the Europe region will record the highest growth due to increased demand for recyclable, high-quality, biocompatible, and innovative plastics in medical devices, which is helping to boost the market growth in this region. Additionally, the rising demand for electronic devices such as laptops & cellular phones also drives the market growth.

Asia Pacific Region 2-Shot Injection Molding Market Share in 2021 - 48.39%

 

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Competitive Analysis:

The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances, and partnerships to improve their market position in the global 2-shot injection molding industry.

List of Key Market Players:

  • YOMURA
  • Gemini Group, Inc.
  • Rogan Corporation
  • Bemis Manufacturing Company
  • Season Group
  • EVCO Platics
  • DONGGUAN SINCERE TECH CO.LTD
  • SIMTEC
  • Paragon Rapid Technologies
  • Dymotek
  • Laszeray Technology, LLC
  • Techniplas US, LLC
  • Spark Mould
  • Fast Radius, Inc.
  • HiTech Plastics and Molds
  • HAFO MOULD
  • VIKING PLASTICS
  • Wabash Plastics
  • Trelleborg Group
  • Baytech Plastics Inc.

Key Target Audience:

  • Market Players
  • Investors
  • End-users
  • Government Authorities
  • Consulting And Research Firm

Report Description:

  • Global 2-Shot Injection Molding Market, Industry Analysis, Trends, Analysis and Forecast, 2022 to 2030 is a forthcoming/imminent research report which is to be published by The Brainy Insights.
  • 2021 is considered as the base year of the report. 2019 and 2020 are considered as the historic years and 2022 to 2030 are the forecast years. The global 2-shot injection molding market is based on revenue (USD Billion). The report incorporates the market study based on revenue. The study covers the market share revenue/market share/volume for each of the segments, regions and countries catering to global 2-shot injection molding market. The regions analyzed for the market are Europe, Asia Pacific, North America, South America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
  • The report encompasses with the relative data & information, which have been validated by the leading industry professionals and experts across the globe. The research report also delivers an outline of the attractiveness of 2-shot injection molding based on application, product type, and regions which are deduced and formulated based on their growth rate (CAGR), market size, and attractiveness by analyzing the present and prospects to fathom market growth and development in future.
  • The report illustrates the detailed (both quantitative and qualitative) analysis of historical data, revenues, key developments, along with the crucial strategies adopted by key organizations catering to global 2-shot injection molding market. This offers vital and in-depth insights to depict the overall market scenario.
  • The report offers the detailed study for the company profiles of key organizations operating in the global 2-shot injection molding market and a comparative assessment based on their product offering, business overviews, geographic presence, business strategies, segment market share, product development & innovations, recent developments, joint venture, partnerships, mergers & acquisitions, strategic alliances, SWOT analysis, and key financial information. This helps in evaluating the overall competition present in the market scenario.
  • The report provides an elaborative assessment of the porter’s five forces analysis coupled with SWOT analysis to provide business related data and information’s. Porter’s five forces model is analyzed to understand the overall competitive scenario that is prevailing in the market. Additionally, the SWOT analysis identifies both the positive and negative attributes of the market development which influences the company growth and development to sustain and survive in the long run.
  • Along with that, the report also focuses on the market related driving factors, growth limitations (restraints), potential industry opportunities, significant trends and development which act as a key potential for the investors.
  • Potential growth prospects along with the penetration rate analysis of the product (market related i.e., global 2-shot injection molding market) is covered to comprehend the adoption rate and evaluate the market size.

Frequesntly Asked Questions

As per The Brainy Insights, the size of the 2-shot injection molding market was valued at USD 8.26 billion in 2021 to USD 18.28 billion by 2030.

Global 2-shot injection molding market is growing at a CAGR of 9.23% during the forecast period 2022-2030.

The global 2-shot injection molding market has been segmented based on application, product type, and regions. The medical segment led grade segment in 2021. The polypropylene segment led the application segment in 2021.

Asia Pacific region emerged as the largest market for the 2-shot injection molding.

The market's growth will be influenced by the growth in medical & automobile applications of 2-shot injection molding products.

The fluctuation in the costs of raw materials could hamper the market growth.

The increasing demand from the healthcare sector will provide huge opportunities to the market.

Key players are YOMURA, Gemini Group, Inc., Rogan Corporation, Bemis Manufacturing Company, Season Group, EVCO Platics, DONGGUAN SINCERE TECH CO.LTD, SIMTEC, Paragon Rapid Technologies

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  • Segmentation on the basis of any specific country or region
  • Any segment can be classified on the basis of application
  • Application segment can be further divided on the basis of companies
  • The companies profiled are not limited, we can incorporate additional companies of your choice
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1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Application
          4.3.2. Market Attractiveness Analysis By Product Type
          4.3.3. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Market Evaluation
    5.3. Drivers
          5.3.1. The ever-increasing numbers of people opting for home care buildings
          5.3.2. The growth in medical & automobile applications of 2-shot injection molding products
          5.3.3. Increase in the application of 2-shot injection molding in various industries
    5.4. Restraints
          5.4.1. The fluctuation in the costs of raw materials
    5.5. Opportunities
          5.5.1. The growth in the awareness regarding the benefits of 2-shot injection molding machines over traditional molding machines
          5.5.2. The ever-rising demand from the healthcare sector
    5.6. Challenges
          5.6.1. The presence of alternative technologies

6. Global 2-Shot Injection Molding Market Analysis and Forecast, By Application
    6.1. Segment Overview
    6.2. Consumer Goods
    6.3. Industrial Packaging
    6.4. Automotive
    6.5. Electrical and Electronics
    6.6. Medical
    6.7. Others

7. Global 2-Shot Injection Molding Market Analysis and Forecast, By Product Type
    7.1. Segment Overview
    7.2. Thermoplastic Elastomers (TPE)
    7.3. Styrene- Butadiene Rubber (SBR)
    7.4. Polystyrene
    7.5. Acrylonitrile Butadiene Styrene (ABS)
    7.6. Polycarbonate
    7.7. Silicones
    7.8. Polypropylene
    7.9. Others

8. Global 2-Shot Injection Molding Market Analysis and Forecast, By Regional Analysis
    8.1. Segment Overview
    8.2. North America
          8.2.1. U.S.
          8.2.2. Canada
          8.2.3. Mexico
    8.3. Europe
          8.3.1. Germany
          8.3.2. France
          8.3.3. U.K.
          8.3.4. Italy
          8.3.5. Spain
    8.4. Asia-Pacific
          8.4.1. Japan
          8.4.2. China
          8.4.3. India
    8.5. South America
          8.5.1. Brazil
    8.6. Middle East and Africa
          8.6.1. UAE
          8.6.2. South Africa

9. Global 2-Shot Injection Molding Market-Competitive Landscape
    9.1. Overview
    9.2. Market Share of Key Players in Global 2-Shot Injection Molding Market
          9.2.1. Global Company Market Share
          9.2.2. North America Company Market Share
          9.2.3. Europe Company Market Share
          9.2.4. APAC Company Market Share
    9.3. Competitive Situations and Trends
          9.3.1. Product Launches and Developments
          9.3.2. Partnerships, Collaborations, and Agreements
          9.3.3. Mergers & Acquisitions
          9.3.4. Expansions

10. Company Profiles
    10.1. YOMURA
          10.1.1. Business Overview
          10.1.2. Company Snapshot
          10.1.3. Company Market Share Analysis
          10.1.4. Company Product Portfolio
          10.1.5. Recent Developments
          10.1.6. SWOT Analysis
    10.2. Gemini Group, Inc.
          10.2.1. Business Overview
          10.2.2. Company Snapshot
          10.2.3. Company Market Share Analysis
          10.2.4. Company Product Portfolio
          10.2.5. Recent Developments
          10.2.6. SWOT Analysis
    10.3. Rogan Corporation
          10.3.1. Business Overview
          10.3.2. Company Snapshot
          10.3.3. Company Market Share Analysis
          10.3.4. Company Product Portfolio
          10.3.5. Recent Developments
          10.3.6. SWOT Analysis
    10.4. Bemis Manufacturing Company
          10.4.1. Business Overview
          10.4.2. Company Snapshot
          10.4.3. Company Market Share Analysis
          10.4.4. Company Product Portfolio
          10.4.5. Recent Developments
          10.4.6. SWOT Analysis
    10.5. Season Group
          10.5.1. Business Overview
          10.5.2. Company Snapshot
          10.5.3. Company Market Share Analysis
          10.5.4. Company Product Portfolio
          10.5.5. Recent Developments
          10.5.6. SWOT Analysis
    10.6. EVCO Platics
          10.6.1. Business Overview
          10.6.2. Company Snapshot
          10.6.3. Company Market Share Analysis
          10.6.4. Company Product Portfolio
          10.6.5. Recent Developments
          10.6.6. SWOT Analysis
    10.7. DONGGUAN SINCERE TECH CO.LTD
          10.7.1. Business Overview
          10.7.2. Company Snapshot
          10.7.3. Company Market Share Analysis
          10.7.4. Company Product Portfolio
          10.7.5. Recent Developments
          10.7.6. SWOT Analysis
    10.8. SIMTEC
          10.8.1. Business Overview
          10.8.2. Company Snapshot
          10.8.3. Company Market Share Analysis
          10.8.4. Company Product Portfolio
          10.8.5. Recent Developments
          10.8.6. SWOT Analysis
    10.9. Paragon Rapid Technologies
          10.9.1. Business Overview
          10.9.2. Company Snapshot
          10.9.3. Company Market Share Analysis
          10.9.4. Company Product Portfolio
          10.9.5. Recent Developments
          10.9.6. SWOT Analysis
    10.10. Dymotek
          10.10.1. Business Overview
          10.10.2. Company Snapshot
          10.10.3. Company Market Share Analysis
          10.10.4. Company Product Portfolio
          10.10.5. Recent Developments
          10.10.6. SWOT Analysis
    10.11. Laszeray Technology, LLC
          10.11.1. Business Overview
          10.11.2. Company Snapshot
          10.11.3. Company Market Share Analysis
          10.11.4. Company Product Portfolio
          10.11.5. Recent Developments
          10.11.6. SWOT Analysis
    10.12. Techniplas US, LLC
          10.12.1. Business Overview
          10.12.2. Company Snapshot
          10.12.3. Company Market Share Analysis
          10.12.4. Company Product Portfolio
          10.12.5. Recent Developments
          10.12.6. SWOT Analysis
    10.13. Spark Mould
          10.13.1. Business Overview
          10.13.2. Company Snapshot
          10.13.3. Company Market Share Analysis
          10.13.4. Company Product Portfolio
          10.13.5. Recent Developments
          10.13.6. SWOT Analysis
    10.14. Fast Radius, Inc.
          10.14.1. Business Overview
          10.14.2. Company Snapshot
          10.14.3. Company Market Share Analysis
          10.14.4. Company Product Portfolio
          10.14.5. Recent Developments
          10.14.6. SWOT Analysis
    10.15. HiTech Plastics and Molds
          10.15.1. Business Overview
          10.15.2. Company Snapshot
          10.15.3. Company Market Share Analysis
          10.15.4. Company Product Portfolio
          10.15.5. Recent Developments
          10.15.6. SWOT Analysis
    10.16. HAFO MOULD
          10.16.1. Business Overview
          10.16.2. Company Snapshot
          10.16.3. Company Market Share Analysis
          10.16.4. Company Product Portfolio
          10.16.5. Recent Developments
          10.16.6. SWOT Analysis
    10.17. VIKING PLASTICS
          10.17.1. Business Overview
          10.17.2. Company Snapshot
          10.17.3. Company Market Share Analysis
          10.17.4. Company Product Portfolio
          10.17.5. Recent Developments
          10.17.6. SWOT Analysis
    10.18. Wabash Plastics
          10.18.1. Business Overview
          10.18.2. Company Snapshot
          10.18.3. Company Market Share Analysis
          10.18.4. Company Product Portfolio
          10.18.5. Recent Developments
          10.18.6. SWOT Analysis
    10.19. Trelleborg Group
          10.19.1. Business Overview
          10.19.2. Company Snapshot
          10.19.3. Company Market Share Analysis
          10.19.4. Company Product Portfolio
          10.19.5. Recent Developments
          10.19.6. SWOT Analysis
    10.20. Baytech Plastics Inc.
          10.20.1. Business Overview
          10.20.2. Company Snapshot
          10.20.3. Company Market Share Analysis
          10.20.4. Company Product Portfolio
          10.20.5. Recent Developments
          10.20.6. SWOT Analysis
 

List of Table

1. Global 2-Shot Injection Molding  Market, By Application, 2019-2030 (USD Billion)

2. Global Consumer Goods, 2-Shot Injection Molding  Market, By Region, 2019-2030 (USD Billion) 

3. Global Industrial Packaging, 2-Shot Injection Molding  Market, By Region, 2019-2030 (USD Billion)

4. Global Automotive, 2-Shot Injection Molding  Market, By Region, 2019-2030 (USD Billion)

5. Global Electrical and Electronics, 2-Shot Injection Molding  Market, By Region, 2019-2030 (USD Billion)

6. Global Medical, 2-Shot Injection Molding  Market, By Region, 2019-2030 (USD Billion)

7. Global Others, 2-Shot Injection Molding  Market, By Region, 2019-2030 (USD Billion)

8. Global 2-Shot Injection Molding  Market, By Product Type, 2019-2030 (USD Billion)

9. Global Thermoplastic Elastomers (TPE), 2-Shot Injection Molding  Market, By Region, 2019-2030 (USD Billion)

10. Global Styrene- Butadiene Rubber (SBR), 2-Shot Injection Molding  Market, By Region, 2019-2030 (USD Billion)

11. Global Polystyrene, 2-Shot Injection Molding  Market, By Region, 2019-2030 (USD Billion)

12. Global Acrylonitrile Butadiene Styrene (ABS), 2-Shot Injection Molding  Market, By Region, 2019-2030 (USD Billion)

13. Global Polycarbonate, 2-Shot Injection Molding  Market, By Region, 2019-2030 (USD Billion)

14. Global Silicones, 2-Shot Injection Molding  Market, By Region, 2019-2030 (USD Billion)

15. Global Polypropylene, 2-Shot Injection Molding  Market, By Region, 2019-2030 (USD Billion)

16. Global Others, 2-Shot Injection Molding  Market, By Region, 2019-2030 (USD Billion)

17. North America 2-Shot Injection Molding  Market, By Application, 2019-2030 (USD Billion)

18. North America 2-Shot Injection Molding  Market, By Product Type, 2019-2030 (USD Billion)

19. U.S. 2-Shot Injection Molding  Market, By Application, 2019-2030 (USD Billion)

20. U.S. 2-Shot Injection Molding  Market, By Product Type, 2019-2030 (USD Billion)

21. Canada 2-Shot Injection Molding  Market, By Application, 2019-2030 (USD Billion)

22. Canada 2-Shot Injection Molding  Market, By Product Type, 2019-2030 (USD Billion)

23. Mexico 2-Shot Injection Molding  Market, By Application, 2019-2030 (USD Billion)

24. Mexico 2-Shot Injection Molding  Market, By Product Type, 2019-2030 (USD Billion)

25. Europe 2-Shot Injection Molding  Market, By Application, 2019-2030 (USD Billion)

26. Europe 2-Shot Injection Molding  Market, By Product Type, 2019-2030 (USD Billion)

27. Germany 2-Shot Injection Molding  Market, By Application, 2019-2030 (USD Billion)

28. Germany 2-Shot Injection Molding  Market, By Product Type, 2019-2030 (USD Billion)

29. France 2-Shot Injection Molding  Market, By Application, 2019-2030 (USD Billion)

30. France 2-Shot Injection Molding  Market, By Product Type 2019-2030 (USD Billion)

31. U.K. 2-Shot Injection Molding  Market, By Application, 2019-2030 (USD Billion)

32. U.K. 2-Shot Injection Molding  Market, By Product Type 2019-2030 (USD Billion)

33. Italy 2-Shot Injection Molding  Market, By Application, 2019-2030 (USD Billion)

34. Italy 2-Shot Injection Molding  Market, By Product Type 2019-2030 (USD Billion)

35. Spain 2-Shot Injection Molding  Market, By Application, 2019-2030 (USD Billion)

36. Spain 2-Shot Injection Molding  Market, By Product Type 2019-2030 (USD Billion)

37. Asia Pacific 2-Shot Injection Molding  Market, By Application, 2019-2030 (USD Billion)

38. Asia Pacific 2-Shot Injection Molding  Market, By Product Type 2019-2030 (USD Billion)

39. Japan 2-Shot Injection Molding  Market, By Application, 2019-2030 (USD Billion)

40. Japan 2-Shot Injection Molding  Market, By Product Type 2019-2030 (USD Billion)

41. China 2-Shot Injection Molding  Market, By Application, 2019-2030 (USD Billion)

42. China 2-Shot Injection Molding  Market, By Product Type 2019-2030 (USD Billion)

43. India 2-Shot Injection Molding  Market, By Application, 2019-2030 (USD Billion)

44. India 2-Shot Injection Molding  Market, By Product Type 2019-2030 (USD Billion)

45. South America 2-Shot Injection Molding  Market, By Application, 2019-2030 (USD Billion)

46. South America 2-Shot Injection Molding  Market, By Product Type 2019-2030 (USD Billion)

47. Brazil 2-Shot Injection Molding  Market, By Application, 2019-2030 (USD Billion)

48. Brazil 2-Shot Injection Molding  Market, By Product Type 2019-2030 (USD Billion)

49. Middle East and Africa 2-Shot Injection Molding  Market, By Application, 2019-2030 (USD Billion)

50. Middle East and Africa 2-Shot Injection Molding  Market, By Product Type 2019-2030 (USD Billion)

51. UAE 2-Shot Injection Molding  Market, By Application, 2019-2030 (USD Billion)

52. UAE 2-Shot Injection Molding  Market, By Product Type 2019-2030 (USD Billion)

53. South Africa 2-Shot Injection Molding  Market, By Application, 2019-2030 (USD Billion)

54. South Africa 2-Shot Injection Molding  Market, By Product Type 2019-2030 (USD Billion)

List of Figures 

1. Global 2-Shot Injection Molding  Market Segmentation

2. Global 2-Shot Injection Molding  Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global 2-Shot Injection Molding  Market Attractiveness Analysis By Application

9. Global 2-Shot Injection Molding  Market Attractiveness Analysis By Product Type 

10. Global 2-Shot Injection Molding  Market Attractiveness Analysis By Region

11. Global 2-Shot Injection Molding  Market: Dynamics

12. Global 2-Shot Injection Molding  Market Share By Application(2022 & 2030)

13. Global 2-Shot Injection Molding  Market Share By Product Type (2022 & 2030)

14. Global 2-Shot Injection Molding  Market Share By Regions (2022 & 2030)

15. Global 2-Shot Injection Molding  Market Share By Company (2021)

This study forecasts revenue at global, regional, and country levels from 2019 to 2030. The Brainy Insights has segmented the global 2-shot injection molding based on below mentioned segments:

Global 2-Shot Injection Molding Market by Application:

  • Consumer Goods
  • Industrial Packaging
  • Automotive
  • Electrical and Electronics
  • Medical
  • Others

Global 2-Shot Injection Molding Market by Product Type:

  • Thermoplastic Elastomers (TPE)
  • Styrene-Butadiene Rubber (SBR)
  • Polystyrene
  • Acrylonitrile Butadiene Styrene (ABS)
  • Polycarbonate
  • Silicones
  • Polypropylene
  • Others

Global 2-Shot Injection Molding by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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