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Husky Injection Molding Systems sold in $3.9bn PE exit - injection molding servi

Author:gly    Date: 2024-09-30    

Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work towards achieving sustainable growth in their respective domains.

Click Here to Access a Free Sample Report of the Global Injection Molding Market @ https://www.custommarketinsights.com/report/injection-molding-market/

CMI has comprehensively analyzed the Global Injection Molding market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict an in-depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Global Injection Molding industry.

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While prices moved up for three of the five commodity resins, there was potential for a flat trajectory for the rest of the third quarter.

In this collection of articles, two of the industry’s foremost authorities on screw design — Jim Frankand and Mark Spalding — offer their sage advice on screw design...what works, what doesn’t, and what to look for when things start going wrong.

After successfully introducing a combined conference for moldmakers and injection molders in 2022, Plastics Technology and MoldMaking Technology are once again joining forces for a tooling/molding two-for-one.

A collaboration between show organizer PLASTICS, recycler CPR and size reduction experts WEIMA and Conair recovered and recycled all production scrap at NPE2024.

Gifted with extraordinary technical know how and an authoritative yet plain English writing style, in this collection of articles Fattori offers his insights on a variety of molding-related topics that are bound to make your days on the production floor go a little bit better.

Exhibitors and presenters at the plastics show emphasized 3D printing as a complement and aid to more traditional production processes.

Asia Pacific’s thriving manufacturing sector is powered by the existence of a wide range of sectors, including automotive, electronic devices, consumer products and packaging. These sectors rely extensively on injection moulding to produce a wide range of components and products, including sophisticated car parts and electronic housings.

CMI provides a one-stop solution for data collection to investment advice. The expert analysis of our company digs out essential factors that help to understand the significance and impact of market dynamics. The professional experts apply clients inside on the aspects such as strategies for future estimation fall, forecasting or opportunity to grow, and consumer survey.

Successfully starting or restarting an injection molding machine is less about ticking boxes on a rote checklist and more about individually assessing each processing scenario and its unique variables.

Its features include great production efficiency, reproducibility, and the capacity to generate complicated geometries, making it one of the most preferred processes for producing plastic parts.

Thousands of people visit our Supplier Guide every day to source equipment and materials. Get in front of them with a free company profile.

Injection moulding is a high-volume production method for plastic components and products. It entails injecting molten material, usually thermoplastic polymers, into a mould cavity at high pressure.

Furthermore, there is an increasing desire for product customization and personalization, which is driving the introduction of technologies such as 3D printing and digitalization in injection molding processes. Furthermore, there is a noticeable move towards durable and lightweight materials in industries including automotive and aircraft to increase fuel economy and performance.

Browse the full “Injection Molding Market Size, Trends and Insights By Material (Plastics, Metals, Others), By Application (Packaging, Consumables & Electronics, Automotive & Transportation, Building & Construction, Medical, Others) and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033” Report at https://www.custommarketinsights.com/report/injection-molding-market/

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In this three-part collection, veteran molder and moldmaker Jim Fattori brings to bear his 40+ years of on-the-job experience and provides molders his “from the trenches” perspective on on the why, where and how of venting injection molds. Take the trial-and-error out of the molding venting process.

How the development of new catalysts—notably metallocenes—paved the way for the development of material grades never before possible.

Introduced by Zeiger and Spark Industries at the PTXPO, the nozzle is designed for maximum heat transfer and uniformity with a continuous taper for self cleaning.

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By region, Injection Molding market is segmented into North America, Europe, Asia-Pacific, Latin America, the Middle East & Africa. The Asia-Pacific dominated the global Injection Molding market in 2023 with a market share of 44% and is expected to keep its dominance during the forecast period 2024-2033.

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In a time where sustainability is no longer just a buzzword, the food and beverage packaging industry is required to be at the forefront of this innovation. By adopting circular packaging processes and solutions, producers can meet regulatory requirements while also satisfying consumer demand and enhancing brand reputation. Join Husky to learn more about the broader implications of the circular economy — as well as how leading brands are leveraging this opportunity to reduce costs, increase design flexibility and boost product differentiation. Agenda: The cost and operational benefits of embracing circularity Key materials in circular packaging — including rPET and emerging bioplastics How to design a circular food and beverage package Strategies for selecting sustainable closures to future-proof packaging solutions Optimization and streamlining of production processes for enhanced efficiency How Husky Technologies can enable your sustainable success

To lessen the environmental effect of injection molding operations, manufacturers are progressively adding biodegradable and recyclable materials. Another trend is the use of modern technologies like automation, robots, and artificial intelligence to improve efficiency, accuracy, and productivity in industrial operations.

Injection moulding provides low-cost, customizable options for creating high-quality packaging components that satisfy varied market demands effectively.

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While prices moved up for three of the five commodity resins, there was potential for a flat trajectory for the rest of the third quarter.

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Prices of the five commodity resins were heading into 2024 at a lower point, but typical moves to reverse the overall downward trend of the fourth quarter were underway. This was particularly the case for PE and PVC, with suppliers issuing early first quarter price hikes. Such attempts are facing slowed domestic and global demand, higher supplier inventories and generally lower prices of key feedstocks. PET resin prices might differ just a bit if key raw materials move up.

Request a Customized Copy of the Injection Molding Market Report @ https://www.custommarketinsights.com/report/injection-molding-market/

Moreover, supporting government efforts and favourable regulatory policies aimed at fostering manufacturing and industrial growth have helped to grow the injection moulding market in the Asia Pacific region. These measures include incentives for foreign investment, infrastructure development, and talent building programmes, all of which help the injection moulding business prosper.

Sustainability continues to dominate new additives technology, but upping performance is also evident. Most of the new additives have been targeted to commodity resins and particularly polyolefins.

Multiple speakers at Molding 2023 will address the ways simulation can impact material substitution decisions, process profitability and simplification of mold design.

Learn about sustainable scrap reprocessing—this resource offers a deep dive into everything from granulator types and options, to service tips, videos and technical articles.

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Greenberg characterized spot PE prices as selling at deep discounts through December, and reported that transactional prices were well below levels reflecting the 9¢/lb increases reported by the major indices in 2023. Quoting November supply/demand results from the ACC (American Chemical Council), he reported, “PE production was almost identical to October, as reactors again ran just shy of 85% capacity and PE exports were above 2 billion pounds for the seventh straight month and comprised nearly 47% of total PE sales.”

First quarter was ending up with upward pricing, primarily due to higher feedstock costs and not supply/demand fundamentals.

PVC resin prices dropped by another 1¢/lb in December, following a similar drop the previous month, but suppliers were out with January price increases ranging from 2¢/lb to 5¢/lb, according to Paul Pavlov, RTi’s v.p. of PP and PVC and PCW’s senior editor Donna Todd. The former ventured that prices in the January-February time frame were likely to remain flat, noting, “These price initiatives are a knee-jerk reaction and aimed at stemming the bleeding.” He saw potential for some uptick in March.

Citing ACC results going into December, Greenberg reported that PP suppliers ran their reactor a bit higher in November, at about 80%. He noted that exports were a bit stronger, but representing only 6.6% of sales. “Domestic processors were turned off by the steep cost-push price increase last month (November) and slowed their purchases to only 96.5% of the trailing 12-month average,” Greenberg added. “Total production outstripped the weak sales and consequently, upstream inventories built for the second straight month back to levels not seen since April.”

Core Technology Molding turned to Mold-Masters E-Multi auxiliary injection unit to help it win a job and dramatically change its process.

Despite price increase nominations going into second quarter, it appeared there was potential for generally flat pricing with the exception of a major downward correction for PP.

In conclusion, the Asia Pacific region’s robust manufacturing ecosystem, cost advantages, growing consumer demand, and supportive policies collectively underpin its significant contribution to driving the injection moulding market forward.

The Plastics Industry Association (PLASTICS) has released final figures for NPE2024: The Plastics Show (May 6-10; Orlando) that officially make it the largest ever NPE in several key metrics.

When, how, what and why to automate — leading robotics suppliers and forward-thinking moldmakers will share their insights on automating manufacturing at collocated event.

EVCO Plastics, located in De Forest, Wisconsin, is a well-known manufacturer of injection moulded plastics goods and services. Having a strong focus to quality, innovation, and client satisfaction, have proven a dependable partner for organizations looking for plastic options.

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Click Here to Access a Free Sample Report of the Global Injection Molding Market @ https://www.custommarketinsights.com/report/injection-molding-market/

Furthermore, the region’s fast growing middle-class population and rising disposable incomes have boosted demand for consumer items and automobiles, increasing the need for injection-moulded components. This rising consumer base has led firms to increase production capacity, driving up demand for injection moulding machines and services.

The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.

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Ultradent's entry of its Umbrella cheek retractor took home the awards for Technical Sophistication and Achievement in Economics and Efficiency at PTXPO.

PET prices in December dropped 1¢/lb, following drops of 2¢/lb and 4¢/lb the two previous months driven primarily by lower raw material formulation costs as well as seasonal slowed demand for PET in the Northern Hemisphere, according to Mark Kallman, RTi’s v.p. of PVC, PET and engineering resins. He anticipated a bit of a rebound in PET prices of 1¢/lb to 2¢/lb in the January-February time frame as a result of forecasted increases in key raw materials. Kallman continued to characterize the market going into first quarter as domestically well supplied along with continued attractively priced imports.

Barry noted that Nova Chemicals has begun PE production at the new 992 million lbs/yr AST2 unit near Sarnia, Ontario, with initial output of wide spec injection molding homopolymer HDPE. Eventually it is expected to produce a range of octene copolymers, including film grades. Shell was restarting the ethane cracker at its Monaca, Pennsylvania, site on the evening of Dec. 25, according to a social media post, while Baystar was in the process of starting up a production unit at Pasadena, Texas, on the afternoon of Dec. 28, according to a flaring notification.

Join KraussMaffei for an insightful webinar designed for industry professionals, engineers and anyone interested in the manufacturing processes of PVC pipes. This session will provide a comprehensive understanding of the technology behind the production of high-quality PVC pipes: from raw material preparation to final product testing. Agenda: Introduction to PVC extrusion: overview of the basic principles of PVC pipe extrusion — including the process of melting and shaping PVC resin into pipe forms Equipment and machinery: detailed explanation of the key equipment involved — such as extruders, dies and cooling systems — and their roles in the extrusion process Process parameters: insight into the critical process parameters like temperature, pressure and cooling rates that influence the quality and consistency of the final PVC pipes Energy efficiency: examination of ways to save material and energy use when extruding PVC pipe products

Additive technology creates air pockets in film during orientation, cutting down on the amount of resin needed while boosting opacity, mechanical properties and recyclability.

Join Wittmann for an engaging webinar on the transformative impact of manufacturing execution systems (MES) in the plastic injection molding industry. Discover how MES enhances production efficiency, quality control and real-time monitoring while also reducing downtime. It will explore the integration of MES with existing systems, emphasizing compliance and traceability for automotive and medical sectors. Learn about the latest advancements in IoT and AI technologies and how they drive innovation and continuous improvement in MES. Agenda: Overview of MES benefits What is MES? Definition, role and brief history Historical perspective and evolution Longevity and analytics Connectivity: importance, standards and integration Advantages of MES: efficiency, real-time data, traceability and cost savings Emerging technologies: IoT and AI in MES

Join this webinar to explore the transformative benefits of retrofitting your existing injection molding machines (IMMs). Engel will guide you through upgrading your equipment to enhance monitoring, control and adaptability — all while integrating digital technologies. You'll learn about the latest trends in IMM retrofitting (including Euromap interfaces and plasticizing retrofits) and discover how to future-proof your machines for a competitive edge. With insights from industry experts, it'll walk you through the decision-making process, ensuring you make informed choices that drive your business forward. Agenda: Maximize the value of your current IMMs through strategic retrofitting Learn how to integrate digital technologies to enhance monitoring and control Explore the benefits of Euromap interfaces and plasticizing retrofits Understand how retrofitting can help meet new product demands and improve adaptability Discover how Engel can support your retrofitting needs, from free consultations to execution

While the melting process does not provide perfect mixing, this study shows that mixing is indeed initiated during melting.

Mike Sepe has authored more than 25 ANTEC papers and more than 250 articles illustrating the importance of this interdisciplanary approach. In this collection, we present some of his best work during the years he has been contributing for Plastics Technology Magazine.

Chesshier noted there was no real cost push from any of the key feedstocks, including styrene monomer, ethylene and butadiene, with continued lackluster demand for PS resins. Reported Barry, “Supply remained ample amid a generally gloomy demand outlook. The implied styrene price based on a 70% benzene/30% ethylene spot formula was down 1¢/lb by end of December.

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Austin, TX, USA, April 23, 2024 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Injection Molding Market Size, Trends and Insights By Material (Plastics, Metals, Others), By Application (Packaging, Consumables & Electronics, Automotive & Transportation, Building & Construction, Medical, Others) and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033” in its research database.

Plastics Technology covers technical and business Information for Plastics Processors in Injection Molding, Extrusion, Blow Molding, Plastic Additives, Compounding, Plastic Materials, and Resin Pricing. About Us

Driven by brand owner demands and new worldwide legislation, the entire supply chain is working toward the shift to circularity, with some evidence the circular economy has already begun.

(Please note that the sample of the Injection Molding report has been modified to include the COVID-19 impact study prior to delivery.)

Say “manufacturing automation” and thoughts immediately go to the shop floor and specialized production equipment, robotics and material handling systems. But there is another realm of possible automation — the front office.

These are the views of purchasing consultants from Resin Technology Inc. (RTi), senior analysts from Houston-based PetroChemWire (PCW), CEO Michael Greenberg of The Plastics Exchange, Scott Newell, executive v.p.  polyolefins at distributor/compounder Spartan Polymers, and resin pricing expert Robin Chesshier.

Take a deep dive into all of the various aspects of part quoting to ensure you’ve got all the bases—as in costs—covered before preparing your customer’s quote for services.

Request a Customized Copy of the Injection Molding Market Report @ https://www.custommarketinsights.com/report/injection-molding-market/

While price initiatives for PE and PVC were underway, resin prices had rollover potential for first two months of 2024, perhaps with the exception of PET.

Across the show, sustainability ruled in new materials technology, from polyolefins and engineering resins to biobased materials.

PCW’s Barry, somewhat in contrast, ventured further price correction of PP and the monomer through January and February, noting that spot monomer prices were well below contract prices and that domestic PP resin tabs were still too high compared to global prices. Characterizing 2024 as a year of “market share battles,” he reports that with no anticipated near-term uptick in demand, some traders were positioning for PP prices to move lower in first quarter.

Click Here to Get a Free Sample Report of the Global Injection Molding Market @ https://www.custommarketinsights.com/report/injection-molding-market/

Second quarter started with price hikes in PE and the four volume engineering resins, but relatively stable pricing was largely expected by the quarter’s end.

Coverage of single-use plastics can be both misleading and demoralizing. Here are 10 tips for changing the perception of the plastics industry at your company and in your community.

By material, the plastics segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. Plastics are the key material driving the injection moulding market because of their versatility, low cost, and wide range of applications in sectors like as automotive, packaging, electronics, and consumer products, resulting in strong demand for injection moulding services.

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By application, the packaging segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. Packaging drives the injection moulding market since it is widely used in a variety of sectors, including food, beverage, healthcare, and consumer products.

While the major correction in PP prices was finally underway, generally stable pricing was anticipated for the other four commodity resins.

Resin drying is a crucial, but often-misunderstood area. This collection includes details on why and what you need to dry, how to specify a dryer, and best practices.

April 23, 2024 13:30 ET | Source: Custom Market Insights Custom Market Insights Austin, TX, USA

Mold maintenance is critical, and with this collection of content we’ve bundled some of the very best advice we’ve published on repairing, maintaining, evaluating and even hanging molds on injection molding machines.

Several worldwide factors are influencing the injection molding market’s future trajectory. One noticeable trend is the growing need for sustainable and eco-friendly products and procedures, which is being driven by increased environmental awareness and laws.

This Knowledge Center provides an overview of the considerations needed to understand the purchase, operation, and maintenance of a process cooling system.

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Compounders face a number of processing challenges when incorporating a high loading of low-bulk-density mineral filler into polyolefins. Here are some possible solutions.

Furthermore, the Asia Pacific area provides a competitive edge in terms of cost-effectiveness and labour availability, making it a desirable location for industrial operations such as injection moulding. Lower labour costs, along with technological improvements, have resulted in the growing usage of automation and robots in injection moulding operations, hence increasing efficiency and lowering production costs.

Plastics Technology’s Tech Days is back! Every Tuesday in October, a series of five online presentations will be given by industry supplier around the following topics:  Injection Molding — New Technologies, Efficiencies Film Extrusion — New Technologies, Efficiencies Upstream/Downstream Operations Injection Molding — Sustainability Extrusion — Compounding Coming out of NPE2024, PT identified a variety of topics, technologies and trends that are driving and shaping the evolution of plastic products manufacturing — from recycling/recyclability and energy optimization to AI-based process control and automation implementation. PT Tech Days is designed to provide a robust, curated, accessible platform through which plastics professionals can explore these trends, have direct access to subject-matter experts and develop strategies for applying solutions in their operations.

In this collection of content, we provide expert advice on welding from some of the leading authorities in the field, with tips on such matters as controls, as well as insights on how to solve common problems in welding.

Polyethylene prices in December appear to have dropped by 3¢/lb while suppliers cancelled their 3¢/lb increases and issued new 5¢/lb increases for January, according to David Barry, PCW’s associate director for PE, PP and PS, The Plastics Exchange Greenberg, and resin pricing expert Robin Chesshier. They view this latest move by suppliers as intended to stop any further price erosion.

“According to the latest research study, the demand of global Injection Molding Market size & share was valued at approximately USD 278.3 Billion in 2023 and is expected to reach USD 285.5 Billion in 2024 and is expected to reach a value of around USD 431.6 Billion by 2033, at a compound annual growth rate (CAGR) of about 5.1% during the forecast period 2024 to 2033.”

Across all process types, sustainability was a big theme at NPE2024. But there was plenty to see in automation and artificial intelligence as well.

Formnext Chicago is an industrial additive manufacturing expo taking place April 8-10, 2025 at McCormick Place in Chicago, Illinois. Formnext Chicago is the second in a series of Formnext events in the U.S. being produced by Mesago Messe Frankfurt, AMT – The Association For Manufacturing Technology, and Gardner Business Media (our publisher).

Polypropylene prices in December were flat, in step with propylene monomer; this despite that the anticipated recovery of monomer tightness had yet to occur due to two unplanned shutdowns, according to PCW’s Barry, Spartan Polymers’ Newell and The Plastic Exchange’s Greenberg. Said Newell, “As long as monomer inventories remain tight, there’s some volatility.” He notes that domestic PP demand ended badly in 2023, and he expected suppliers would likely have to further cut production rates from the low 80s percentile to the mid-70s for an improved supply-demand scenario.

Chesshier ventures that PE prices in January-February could either be flat but with potential for an increase, particularly if the exports market strengthens. Similarly, Barry saw potential for an increase, as he expected exports to pick up, but was not quite certain of domestic demand. He noted that processors had stocked up due to lower pricing at the end of 2023. These sources also point to the impact of new capacity, particularly from major new player Shell as well as NOVA Chemicals and Baystar, leading Barry to say, “2024 will see a “market share battle.”

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Discover how artifical intelligence is revolutionizing plastics processing. Hear from industry experts on the future impact of AI on your operations and envision a fully interconnected plant.

Request a Customized Copy of the Injection Molding Market Report @ https://www.custommarketinsights.com/report/injection-molding-market/

The aim of this presentation is to guide you through the factors and the numbers that will help you determine if a robot is a smart investment for your application. Agenda:  Why are you considering automation? What problems are you trying to solve? How and why automation can help Crunch the numbers and determine the ROI

Polystyrene prices dropped another 3¢/lb in December, following a 4¢/lb drop the previous month, but flat prices for the January-February time frame were ventured by both PCW’s Barry and resin pricing expert Robin Chesshier. This scenario is primarily attributed to improved benzene supply due to plenty of Asian and European imports underway. Barry did add that while there was a likelihood of January benzene contracts dropping 10-20¢/gal, it would translate to only 1-2¢/lb for PS resins.

In this collection, which is part one of a series representing some of John’s finest work, we present you with five articles that we think you will refer to time and again as you look to solve problems, cut cycle times and improve the quality of the parts you mold.

technotrans says climate protection, energy efficiency and customization will be key discussion topics at PTXPO as it displays its protemp flow 6 ultrasonic eco and the teco cs 90t 9.1 TCUs.

Reported Todd in December, “With January increases of 2¢/lb, 3¢/lb and 5¢/lb, customers were wondering how the price would be implemented and at what level.” She also noted that Westlake, with the lower price hike, announced that it would issue another price increase for February. “As such, it appeared that the January price uptick will be limited to 2¢/lb, with a further increase of undetermined size in the cards for February. Some PVC converters think the January price hike would be pushed back and implemented in February.”

This month’s resin pricing report includes PT’s quarterly check-in on select engineering resins, including nylon 6 and 66.

August 29-30 in Minneapolis all things injection molding and moldmaking will be happening at the Hyatt Regency — check out who’s speaking on what topics today.

Buy this Premium Injection Molding Research Report | Fast Delivery Available - [220+ Pages] @ https://www.custommarketinsights.com/report/injection-molding-market/

Processors with sustainability goals or mandates have a number of ways to reach their goals. Biopolymers are among them.

The Asia-Pacific region dominates the injection moulding market because of its strong production sector, cost-effectiveness, skilled labour pool, rising consumer demand, and supporting government policies that foster industry expansion and innovation.

Still, Looking for More Information? Do OR Want Data for Inclusion in magazines, case studies, research papers, or Media?

Mixed in among thought leaders from leading suppliers to injection molders and mold makers at the 2023 Molding and MoldMaking conferences will be molders and toolmakers themselves.

Join Engel in exploring the future of battery molding technology. Discover advancements in thermoplastic composites for battery housings, innovative automation solutions and the latest in large-tonnage equipment designed for e-mobility — all with a focus on cost-efficient solutions. Agenda: Learn about cutting-edge thermoplastic composites for durable, sustainable and cost-efficient battery housings Explore advanced automation concepts for efficient and scalable production See the latest large-tonnage equipment and technology innovations for e-mobility solutions

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Some industry insiders anticipate the first quarter may well see commodity resin prices relatively flat and perhaps a bit down. Certainly in the case of PE and PP, some of these pros see 2024, at least for the first half, as being a buyer’s market or as one put it — “anticipate market share battles.”

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