Regarding the application landscape, the packaging applications are expected to amass more than USD 135 billion by 2032, exhibiting a 3.5% growth rate throughout the projection period. To meet regulatory guidelines and end-user criteria, finished goods used in packaging go through several development stages. Plastics must satisfy several requirements for packaging applications, including improving food product shelf life, improved wear and tear resistance, and high durability. Plastic injection molding has enormous promise. Particularly in the medicinal and automotive fields. The medical devices and components sector is anticipated to grow the most in the industry. Product demand in the medical industry is anticipated to be driven by biocompatibility, optical clarity, and cost-effective manufacturing methods.

The bGen simply connects into Fortlev’s roto-molding machines, Brenmiller said. “The bGen can support any process that requires hot air, hot water, or steam.”

Plastic injection molding is widely utilized across several industrial verticals ranging from electronics, automobiles, and construction to kitchen utensils and toys. The stringent government regulation pertaining to minimizing plastic pollution and the increased adoption of effective waste management techniques may restrict industry growth during the forecast period. On the other hand, the consolidated competitive landscape and the increasing strategic exchanges among leading product manufacturers will accelerate business growth through the ensuing years.

Next, Fortlev and Brenmiller Energy are planning to install 60 bGen units at the facility for further emissions reductions.

The bGen combines thermal storage, heat exchange, and steam generation in one unit. Crushed rocks inside the unit are heated to more than 600°C, then store that heat for minutes, hours, or days until required. The bGen can be charged not only by biomass, flue gas, or recovered heat, but also by electricity. Brenmiller said its method stores and converts energy more efficiently than battery-based energy storage technologies.

Geoff Giordano is a tech journalist with more than 30 years’ experience in all facets of publishing. He has reported extensively on the gamut of plastics manufacturing technologies and issues, including 3D printing materials and methods; injection, blow, micro and rotomolding; additives, colorants and nanomodifiers; blown and cast films; packaging; thermoforming; tooling; ancillary equipment; and the circular economy. Contact him at [email protected].

These trends, in covalence with the adoption of distinctive growth initiatives by premier product manufacturers and rising investments across the construction sector, will boost the industry revenue trajectory over the next ten years.

“The bGen will power batch production of Fortlev's water tanks,” said Doron Brenmiller, Chief Business Officer. “There is potential for 75% cost reduction compared to Fortlev's existing heating costs, and the planned install of 60 units represents 48,000 metric tons less CO2 emissions per year.”

A novel thermal energy storage system powered by renewable energy is substantially cutting greenhouse gas (GHG) emissions during the rotational molding of polyethylene water tanks.

The companies now are discussing selection of the next Fortlev site for deployment of bGen. Fortlev has seven other manufacturing facilities in Brazil. And, Fortlev Solar plans to open a facility to produce bGen units for the Brazilian market.

The injection molded plastics industry depicted a decent growth potential during the COVID-19 pandemic, owing to a remarkable rise in demand for gloves, masks, personal protective equipment, and associated packaging materials. Based on investigations by Frontline, plastic resin production in the U.S. increased by 0.9% compared to COVID-19 restrictions and industry closures. Besides, the strict movement restrictions and social distancing norms resulted in a transformer buyer behavior and caused a massive boom across the e-commerce industry, further pushing the demand for packaging boxes and containers.

Injection Molded Plastics Market size garnered over USD 300 billion in 2022. With the consistent expansion of the construction sector globally, the industry is set to witness 3.5% CAGR from 2023 to 2032.

Asia Pacific injection molded plastics market is projected to be worth over USD 140 billion by 2032. The regional growth can be credited to the flourishing automotive and construction sectors owing to the increasing demand and uptake of autonomous high-end luxury vehicles and the rising infrastructural investments. In addition, the robust economic outlook across countries such as China and India, coupled with the rapid industrial growth, will create positive growth prospects for the injection molded plastics industry in the Asia Pacific.

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The construction sector has witnessed an upward trend over recent years owing to the escalating rollouts of infrastructure development projects and the advent of several technological breakthroughs. Besides, the improving economic landscape and the significant rise in investments focused on building an energy-efficient infrastructure across numerous economies.

With respect to raw material, the injection molded plastics market is segregated into Acrylonitrile Butadiene Styrene (ABS), polypropylene (PP), High-Density Polyethylene (HDPE), Polystyrene (PS), and others. The Polypropylene segment is expected to expand at over 4% CAGR and exceed USD 160 billion by 2032. Because of the growing consumption of PP in automotive components, packaging applications, and household goods, the polypropylene (PP) segment held the biggest revenue share of more than 34% in 2021. Increasing PP-based product penetration in protective caps for electrical contacts and battery housings, as well as food packaging, is expected to fuel demand over the projection period.

Players in the market have been widely integrating advanced technologies to develop state-of-the-art products to gain a competitive edge over their counterparts and expand their existing consumer base. For instance, in July 2022, Sabic introduced a specially personalized portfolio of new mineral-reinforced Sabic PP compounds, PPc F9015, PPc F9005, and PPc F9005 grades for foam injection molding (FIM). The newly introduced product range help provide stunning aesthetics for visible automotive interior parts with complicated geometries, such as seat and trunk cladding, door panels and trim, center consoles, and A/B/C/D pillar covers.

48,000 metric tons of GHG emissions is about the equivalent of the GHG emissions produced by 10,500 gas-powered passenger vehicles annually.

Because of their corrosion resistance and electrical insulation qualities, polypropylene components are widely used in food packaging and electrical contacts. Due to the aforementioned factors, the segment is anticipated to grow at the fastest rate during the forecast period.  However, a reduction or cessation of manufacturing activities to fight the spread of the coronavirus has resulted in a decline in PP consumption and a negative impact on its demand in a variety of applications. Manufacturers are having difficulty operating their production units due to logistical constraints and limits on people's movement, which has impacted product demand.

The Injection molded plastics market research report includes in-depth coverage of the industry with estimates & forecasts in terms of volume in kilo tons & in terms of revenue in USD billion from 2018 to 2032 for the following segments: Click here to Buy Section of this Report

A stringent regulatory environment for medical-grade polymer use in healthcare industries is expected to fuel the injection molded plastics market growth. Over the forecast period, a growing preference for biodegradable polymers among medical device makers is expected to generate profitable opportunities in the medical industry. A significant shift in the automotive industry's trend towards replacing steel with plastics is anticipated to fuel product demand over the forecast period. In recent years, government rules have compelled automakers to use plastics instead of other materials such as iron and steel. Automobile makers have been concentrating on reducing vehicle weight in order to increase fuel efficiency.

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Fortlev, which makes water storage solutions including tanks, pipes, and connectors, is using a Brenmiller Energy bGen Thermal Energy Storage (TES) unit at its production facility in Anápolis, Brazil. The 1-MWh bGen unit uses renewable biomass instead of natural gas to heat the air for Fortlev’s roto-molding process. This lowers fuel costs for the process by 75% and cuts associated GHG emissions by about 800 metric tons a year.

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