Welding Equipment, Accessories & Consumables Market worth $32.5 Billion by 2026 - Exclusive Report by MarketsandMarkets Welding Equipment, Accessories & Consumables Market by Equipment, Accessory, Consumable (Electrodes & Filler Materials, Fluxes & Wires Gases), Technology (Arc Welding, Oxy-Fuel Welding ), End-Use Industry, and Region - Global Forecast to 2026 , published by MarketsandMarkets, the Welding Equipment, Accessories & Consumables Market is projected to grow from USD 25.9 billion in 2021 to USD 32.5 billion by 2026, at a CAGR of 4.6% during the forecast period.
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Innovations and technological advancements in the automotive industry to cater to the growing demand from customers is expected to creat
Automotive is the major application segment for TPE. The recovery of automotive sector in the across the world is driving the TPE market during the forecast period. Moreover, the development of eco-friendly technologies for production of TPE and growing demand for electric & hybrid vehicles are new opportunities in TPE market.
Automotive application holds the largest share in the TPE market
Automotive is the largest application in the TPE market. TPE is used in exterior filler for panels, wipers, rocker panels, body seals, automotive gaskets, door & window handles, other under-the-hood applications. The segment account for about 33% market share in terms of volume in 2020. The sector is in declining phase for past two year (2018-2019) due to global economic slowdown. However, the segment in expected to recover in forecast period. Moreover, focus towards electric and hybrid vehicle will provide new opportunities for TPE manufacturer.
TPE Market worth $26.3 billion by 2026 - Exclusive Report by MarketsandMarkets TPE Market by Type (SBC, TPU, TPO, TPV, COPE, PEBA), End Use Industry (Automotive, Building & Construction, Footwear, Wire & Cable, Medical, Engineering), Region (North America, Europe, APAC, South America, MEA) - Global Forecast to 2026 , published by MarketsandMarkets, the global Thermoplastic Elastomers Market size is estimated to be USD 19.9 billion in 2021 and is projected to reach USD 26.3 billion by 2026, at a CAGR of 5.7% between 2021 and 2026.
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Injection Molding Machine Market worth $12.3 billion by 2025 - Exclusive Report by MarketsandMarkets Injection Molding Machine Market by Machine Type (Hydraulic, All-Electric and Hybrid), Clamping Force (0-200, 201-500 and Above 500),Product Type (Plastic, Rubber, Metals), End-Use Industry (Automotive, Packaging) and Region - Global Forecast to 2025 , published by MarketsandMarkets, the Injection Molding Machine Market is projected to reach USD 12.3 billion by 2025, at a CAGR of 3.6% from USD 10.3 billion in 2020.
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An injection molding machine is used for manufacturing products made up of plastics, rubber, metal, and ceramic. It consists of two main parts - an injection unit and a clamping unit. The injection unit is like an extruder, wh
An injection molding machine is used for manufacturing products made up of plastics, rubber, metal, and ceramic. It consists of two main parts - an injection unit and a clamping unit. The injection unit is like an extruder, whereas the clamping unit is concerned with the operation of the mold. Injection molding machines can fasten the molds either at the horizontal or the vertical position. There are three types of injection molding machines - hydraulic injection molding machines, all-electric injection molding machines, and hybrid injection molding machines.
Hydraulic injection molding machine is the largest type segment of the injection molding machine market. APAC was the largest market for synthetic leather in 2019, in terms of both volume and value. Factors such as growing demand from healthcare industry, rapid industrialization in growing economies like China, India & Thailand and increasing demand for plastic molds in electric vehicles will drive the injection molding machine