Industrial Mold Market Report 2025

The industrial mold market size has grown strongly in recent years. It will grow from $50.61 billion in 2024 to $54.49 billion in 2025 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to manufacturing growth, automotive industry expansion, globalization and supply chain dynamics, consumer electronics boom, plastic injection molding advances, increased adoption of precision machining.

The industrial mold market size is expected to see strong growth in the next few years. It will grow to $71.18 billion in 2029 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to advanced materials and alloys, sustainability and eco-friendly molding, precision mold design and simulation, global shifts in manufacturing hubs, high-performance aerospace materials. Major trends in the forecast period include micro-molding technology, industry 4 integration, mold simulation and virtual prototyping, customization and rapid tooling, robotics and automation integration.

The anticipated growth in the manufacturing and production industry is poised to be a significant catalyst for the expansion of the industrial mold market. Spanning a diverse range of activities related to the creation and assembly of goods, the manufacturing and production sector stands to benefit from the versatility of industrial molds. These molds serve as indispensable tools, facilitating cost-effective, precise, and scalable production across various industries. As evidenced by statistics from the Office for National Statistics in July 2023, the UK manufacturing sector reported a substantial total product sales value of approximately $579.5 billion (£429.8 billion) in 2022. This marked a noteworthy growth of $38.3 billion, representing a 7% increase compared to the figures recorded in 2021. Consequently, the expansion of manufacturing and production sectors is expected to be a driving force behind the growth of the industrial mold market.

The growing production of automobiles is anticipated to propel the industrial mold market. Automobile manufacturers utilize injection molding to produce components with industrial molds, which aids in reducing vehicle assembly time and enhancing design innovation. For example, in May 2023, the European Automobile Manufacturers Association, a Belgium-based organization, reported that global motor vehicle production reached 85.4 million units in 2022, representing a significant increase of 5.7% compared to 2021. Additionally, in February 2022, Brand Finance plc, a UK-based brand valuation company, stated that the automobile sector recorded approximately 78 million unit sales in 2022, reflecting a substantial increase of 10% from 2021. Thus, the rising automobile manufacturing worldwide is expected to drive the industrial mold market.

Leading companies in the market are strategically emphasizing collaborations and partnerships as a key approach to enhance their product offerings and gain a competitive edge. Collaborations and partnerships involve cooperative agreements and relationships forged between two or more entities, be it companies, organizations, or individuals, with the shared goal of working together on specific projects, initiatives, or objectives. A noteworthy example occurred in September 2022 when X2F, a US-based molding technology firm, joined forces with Covestro AG, a Germany-based plastic component manufacturer. This collaboration aimed to develop an innovative thermally conductive automotive heat sink incorporating in-mold electronics, leveraging X2F's advanced controlled viscosity molding technology. The resultant product presents automotive OEMs and processors with an appealing alternative to traditional cast aluminum heat sinks, offering both cost savings and reduced weight. X2F's process allows for the insertion molding of delicate electronics, facilitating functional integration, improved heat management, modularity, and miniaturization.

Manufacturing companies are increasingly adopting conformal cooling designs in 3D-printed molds to enhance cooling efficiency for molded products. These designs offer improved cooling to molds with intricate geometric structures, addressing challenges such as uneven cooling, warping, intricate curves, thin walls, and tight tolerances. Mold manufacturing companies incorporate built-in conformal cooling designs in their 3D-printed molds, leading to a significant reduction in energy consumption and cooling cycle time, ranging from 15% to 60%. This innovation underscores the industry's commitment to optimizing manufacturing processes and improving overall efficiency through the adoption of advanced cooling technologies.

In July 2024, Blackford Capital, a US-based investment firm, acquired Industrial Molding Corporation for an undisclosed sum. This acquisition is part of Blackford Capital's strategic transformation plan to strengthen its capabilities in the injection molded plastics sector, particularly for the automotive industry. Industrial Molding Corporation is a US-based provider of industrial molds.

Major companies operating in the industrial mold market include BASF SE, The Dow Chemical Company, The Cannon Group Inc., Toshiba Machine Co. Ltd., Berry Global Inc., Amcor PLC, Eastman Chemical Company, Sumitomo Heavy Industries Ltd., Silgan Holdings Inc., The TRUMPF Group, UbeIndustries Ltd., AptarGroup Inc., VitroS.A.BdeC.V., DMG Mori Co. Ltd., ENGEL Austria GmbH, Haitian International Holdings Ltd., Milacron Holdings Corp., Stratasys Ltd., Proto Labs Inc., Nissei Plastic Industrial Co. Ltd., Takween Advanced Industries, Husky Injection Molding Systems Ltd., ALPLA India Pvt. Ltd., Amada Pvt. Ltd., US Industrial Machinery, Arburg GmbH + Co KG, KraussMaffei Group GmbH, StackTeck Systems Ltd., Rosti Group AB, Sino Mould Co. Ltd., Apex Plastics.

North America was the largest region in The industrial mold market in 2024. Western Europe was the second largest region of the industrial mold market. The regions covered in the industrial mold market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the industrial mold market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

Industrial molds are defined as matrices or cavities used to shape a plastic substance or fluid into a desired finished product. These molds can be crafted from a variety of materials, including metal, plastic, or silicone, and play a crucial role in various industries.

They mainly come in metal molds and other variants, wherein metal molds are utilized in metal casting processes. Materials used include plastics, glass, and rubber, finding applications across manufacturing, automotive, and other industrial sectors.

The industrial mold market research report is one of a series of new reports that provides industrial mold market statistics, including industrial mold industry global market size, regional shares, competitors with an industrial mold market share, detailed industrial mold market segments, market trends and opportunities, and any further data you may need to thrive in the industrial mold industry. This industrial mold market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The industrial mold market consists of sales of compression molding, melt molding, transfer molding, injection molding. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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