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Freeform Injection Molding is AddiFab’s flagship technology, based on 3D printed injection mould inserts and designed to allow users to access the design capabilities of 3D printing while maintaining the performance of traditionally manufactured parts. It also gives manufacturers the ability to prototype components in the same material they intend to move into manufacturing with.

March 12, 2024 10:35 ET | Source: Straits Research Private Limited - Reed Intelligence Straits Research Private Limited - Reed Intelligence

Mitsubishi Chemical Advanced Materials (MCAM) is to begin offering a Freeform Injection Molding (FIM) service in collaboration with AddiFab later this year.

Speaking to TCT last year, AddiFab CEO Lasse Staal referenced the opportunities available via its relationship with Mitsubishi, stating a ‘very interesting journey’ lay ahead. With this announcement, the partners have made the first step in that journey, and will give customers in three continents access to FIM and thousands of Mitsubishi Chemical materials.

Utilizing injection molding machinery permits the actual mass production of injection-molded plastic components. The injection molding machine is the most effective and energy-efficient way of mass-producing plastic products. The rise of the global injection molding machines market is propelled by the multiple qualities of injection molding machines, such as their durability, user-friendliness, higher manufacturing rates and rapid production, and high quality. Rapidly increasing industrial investment and robust demand for injection-molded polymers in the automotive and healthcare industries are driving the expansion of the global injection molding machine market. In addition, industry leaders' manufacturing of energy-efficient, fully automated injection molding equipment stimulates the expansion of the injection molding market. Market participants provide injection molding machines in numerous sizes and designs to meet customers' needs.

“We quickly realised that Freeform Injection Molding would allow us to offer entirely new levels of light-weighting and we have been working with AddiFab to bring our KyronMAX materials onto the FIM platform,” added Randy White, the company’s Chief Innovations Officer. “When we were able to drive an 8,000-pound pick-up truck onto a KyronMAX lattice weighing only 70 grams, we knew we were onto something.”

For Mitsubishi Chemical, it has been seen as a method of harnessing some of the benefits of 3D printing, without waiting for technology to develop enough to process some of its higher-performing materials. It led the company to provide financial support to AddiFab in the autumn of 2019 and less than a year later the companies have expanded their collaboration.

Increasing production rates and rapid injection molding output are predicted to boost global injection molding machines market growth. In addition, injection molding allows for producing plastic components with various finishes, including light texture, medium texture, pad printed, smooth, and screen printed. Consequently, it is projected that cheap labor costs and mass manufacturing associated with injection molding machines will promote market growth.

Europe will hold the second largest market share and is expected to grow at a CAGR of 4.9% during the forecast period. Due to their high quality and energy efficiency, there has been a surge in the usage of all-electric injection molding machines in Europe. In addition, major market participants are spending considerable effort to deliver injection molding machines that fulfill the requirements of their clients by supplying customized and machine-type-based machines. Europe's economic expansion has led to a larger consumer market, indirectly benefiting the injection-molded plastics industry. In addition, the growth of the packaging, automotive, and electrical appliance industries is expected to increase the need for injection-molded plastics, boosting the market for injection molding equipment in Europe.

A vital characteristic of the injection-molding process is its capacity to use many types of plastic to make plastic things simultaneously. Manufacturers may use thermoplastics, thermosetting, or a combination of elastomers in injection molding to get the needed properties. This technique allows for producing more complicated objects with various forms and motifs. In addition, once the mold is prepared, the manufacturer can adjust the component's material and color. This factor is projected to drive the global market for injection molding machines. In addition, injection molding helps to reduce manufacturing waste. The majority of polymers produced by injection molding are recyclable.

New York, United States, March 12, 2024 (GLOBE NEWSWIRE) -- Injection molding is a mechanism that allows for the mass production of components. It operates by injecting molten materials into a mold. It is typically employed in mass production to manufacture thousands of similar things. Components produced by injection molding include metals, glassware, elastomers, and confections. Although thermoplastic and thermosetting polymers are the most common, other polymers exist. The real benefit of injection molding is its mass manufacturing capability. After initial costs are accounted for, the unit cost of injection-molded items is extraordinarily cheap. The ingredients, such as synthetic resins (plastics), are heated and melted before they are put into the mold and cooled to form the desired shape. This process is referred to as injection molding because it resembles the injection of fluids using a syringe. Materials are melted and poured into the mold, where they solidify before being removed and completed.

Advantage of Low Labour Cost and Mass Production Along with Material Flexibility and Low Production Waste to Drive the Global Injection Moulding Machines Market

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The company will provide this service from its facilities in Mesa, Arizona; Tielt, Belgium; and Tokyo and Nagoya in Japan. It represents a significant expansion of the relationship between Mitsubishi and AddiFab, which began in 2019 with the former’s venture arm, Diamond Edge Ventures, investing in the latter.

“When we were able to drive an 8,000-pound pick-up truck onto a KyronMAX lattice weighing only 70 grams, we knew we were onto something.”

According to Straits Research, “The global injection molding machines market size had a market share of USD 10,724 million in 2021, expected to advance to USD 16,964 million with a CAGR of 5.9% during the forecast period.” Injection molding is an automated process in which an automatic tool operates efficiently on an injection molding machine. Machines and robots perform the majority of injection molding. These persons are solely accountable for overseeing and managing the process. This automation reduces the labor costs of the process. This drop in labor expenditure is predicted to reduce the cost of manufacturing plastic components. In addition, injection molding can make many identical components every hour.

Asia-Pacific's injection molding machines market share will grow at a CAGR of 6.3% during the forecast period. Due to the region's expanding demand for injection-molded plastics, it is projected that China, India, and Indonesia will contribute to expanding the Asia-Pacific injection molding machine market. This is due to the expansion of the packaging industry. In addition, significant companies such as NISSEI Plastic Industrial Co. Ltd. and Japan Steel Works Ltd. are employing various strategies, such as cooperation, acquisition, and others, to accelerate the expansion of the market.

“AddiFab has built Freeform Injection Molding to break key injection moulding constraints,” commented Staal. “FIM lets the injection moulder create injection-moulded objects with the same design freedom offered by conventional 3D printing. At the same time, we have brought 3D printing lead-times and start-up costs to the injection moulding industry, without compromising on the choice of materials. We look forward to working with MCAM on adding entirely new dimensions to the fields of generative design and topology optimisation, and to redefining the way metal replacement materials are using in weight reductions.”