Hot Runner Market Growing at a CAGR of 7 9% to Reach $5,241
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Hot Runner Market Insights with Key Company Profiles – Forecast to 2026 – Kentucky Journal 24
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By TMR Research on May 4, 2021
The global hot runner market size was $2,854.0 million in 2018, and is expected to reach $5,241.5 million by 2026, growing at a CAGR of 7.9% from 2019 to 2026. A hot runner system includes a compilation of heated components that include nozzles, hot valves, and gates that convey plastic polymer into the cavities of an injection mold. The system typically contains numerous heated nozzles and a heated manifold.
The global hot runner market experiences growth due to the rapid rise in investment in the industrial sector and high demand for optimal quality injection-molded plastics products in the automotive and healthcare sectors. In addition, the hot runner industry experiences development owing to the rise in movement toward energy saving to accelerate productivity and efficiency.