injection molding by using artificial neural network and genetic algorithm - molding manufacturers

The Global Microcellular Polyurethane Foam Market Size accounted for USD 6,682 Million in 2021 and is expected to reach the market value of USD 10,677 Million by 2030 with a considerable CAGR of 5.5% during the forecast period from 2022 to 2030.

Growing demands for plastic injection molding from diverse end-use sectors, together with increased manufacturer awareness of the advantages of plastic injection molding, are likely to drive up demand for plastic injection molding machines. The surge in infrastructural development in nations such as Brazil & India is growing significantly for heat and pressure-resistant materials. This is likely to expand the use of plastic injection molding machines by building product producers.

This collaboration between Origin Materials and Husky Technologies represents a major step forward in the pursuit of more sustainable and environment-friendly packaging solutions. With their combined efforts, these companies are poised to make a lasting impact on the industry by offering a viable alternative to conventional materials and promoting a greener future.

Origin Materials and Husky Technologies have teamed up to develop and commercialize a hybrid polymer called PET/F, which has the potential to revolutionize sustainable packaging. By combining furandicarboxylic acid (FDCA) with PET, Origin Materials created a tunable hybrid polymer with enhanced performance properties and full recyclability. Husky Technologies, a leading injection molding supplier, played a crucial role in molding the PET/F polymer into preforms and bottles using its advanced manufacturing equipment. This collaboration marks a significant milestone in the advancement of eco-friendly polymers for packaging solutions. The PET/F polymer offers exceptional mechanical strength and barrier properties, resulting in extended shelf life for products. By adjusting the manufacturing conditions and the amount of FDCA copolymer utilized, the properties of the hybrid polymer can be tailored to meet specific requirements. Origin Materials envisions developing and selling a range of 100% bio-based, low-carbon, fully recyclable PET/F polymers. These innovative materials have the potential to replace traditional packaging materials such as glass and aluminum due to their sustainability benefits and superior performance characteristics. With the help of their patented technology platform, the company aims to achieve large-scale production of FDCA, polyethylene furanoate (PEF), and PET/F. The partnership between Origin Materials and Husky Technologies underscores their shared commitment to material innovation and cutting-edge polymer processing technologies. By leveraging their respective expertise and capabilities, the two companies aspire to transform the plastics industry and drive the adoption of sustainable polymers on a global scale. Although specific pricing details for PET/F were not disclosed, Origin Materials has emphasized that the hybrid polymer is expected to be cost-effective, fully recyclable, and significantly reduce the carbon footprint compared to traditional petroleum-based materials. Furthermore, PET/F boasts impressive strength, thermal properties, and barrier properties, making it an attractive option for a wide range of packaging applications. This collaboration between Origin Materials and Husky Technologies represents a major step forward in the pursuit of more sustainable and environment-friendly packaging solutions. With their combined efforts, these companies are poised to make a lasting impact on the industry by offering a viable alternative to conventional materials and promoting a greener future. About Origin Materials: Origin, the global leader in carbon negative materials, is dedicated to facilitating the worldwide shift towards sustainable materials. Leveraging groundbreaking technology and innovative processes, Origin has created a platform that converts biomass carbon into valuable materials while simultaneously capturing carbon emissions. This scientific breakthrough has evolved from its early stages of proof of concept to successful pilot demonstrations and beyond. Notably, in 2016, Nestlé Waters and Danone partnered with Origin to bring to market the platform's inaugural product: plant-based PET plastic with an impressively low carbon footprint. Recognizing the immense potential, PepsiCo joined the NaturALL Bottle Alliance in 2018, further reinforcing Origin's commitment to revolutionizing the materials industry. About Husky Technologies: As the leading provider of injection molding equipment and services in the plastics industry, our team at Husky is made up of engineers, designers, innovators, material and software specialists, and problem solvers. With a global workforce of over 4,300 dedicated individuals, we are committed to delivering success and profitability for our customers, who are based in more than 140 countries around the world.

Acumen Research and Consulting is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact-based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.

Polyethylene Terephthalate (PET) Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Manufacturing Process, 2015-2032

Additionally, the automobile industry's strong demand for effective components is fostering market expansion. However, changing rules regarding the usage of plastic, as well as fluctuation in the raw material prices such as ethylene or propylene, are some factors that are projected to slow the growth of the plastic injection molding market. Furthermore, rigorous environmental rules governing the recycling of plastic items are impeding industry expansion. Increasing manufacturing capacity and a preference for the development of eco-friendly, cost-effective raw materials are two opportunities for development that enterprises see in the next years. Furthermore, business strategic collaborations and product offerings acquisition is likely to assist the market's revenue transaction.

Some of the prominent plastic injections molding market companies are Husky Injection Molding Systems Ltd, Chen Hsong Holdings Limited, The Japan Steel Works Ltd, Haitian International Holdings Limited, Sumitomo Heavy Industries Ltd, and Engel Austria GmbH.

In terms of end-user industry, the market is categorized into packaging, automotive, healthcare, consumables and electronics, building & construction, and others. According to the plastic injection molding market forecast, the packaging category is predicted to develop significantly in the next years.

Origin Materials and Husky Technologies have teamed up to develop and commercialize a hybrid polymer called PET/F, which has the potential to revolutionize sustainable packaging. By combining furandicarboxylic acid (FDCA) with PET, Origin Materials created a tunable hybrid polymer with enhanced performance properties and full recyclability. Husky Technologies, a leading injection molding supplier, played a crucial role in molding the PET/F polymer into preforms and bottles using its advanced manufacturing equipment.

Based on the region, the worldwide plastic injection molding market segmentation is into Asia Pacific, Europe, North America, Middle East and Africa, and Latin America. According to a plastic injection molding industry analysis, the Asia-Pacific region is dominates the market in 2021. The Asia Pacific region is rapidly developing as a result of rapid technological and infrastructure investment in nations such as India, Malaysia, China, and others. Electronic device/product spending by consumers is growing in the Asia-Pacific region. Consumer appliances and electronics sales in India are predicted to expand by 23% in 2021, with demand for electronic gear expected to exceed $400 billion by 2024. Governments in emerging economies are encouraging entrepreneurs to start businesses. The accessibility of 100% FDI & tax benefits, as well as the simple access to raw materials as well as low-cost labor, is enticing companies from all over the world to invest in this region. Plastic is a superior feedstock for consumer devices. Plastic is preferred over other elements due to its advantages such as high elasticity, low price, and micro-tolerance properties. The need for plastic injection molding machines is likely to rise as a result.

Although specific pricing details for PET/F were not disclosed, Origin Materials has emphasized that the hybrid polymer is expected to be cost-effective, fully recyclable, and significantly reduce the carbon footprint compared to traditional petroleum-based materials. Furthermore, PET/F boasts impressive strength, thermal properties, and barrier properties, making it an attractive option for a wide range of packaging applications.

The Global Microcellular Plastics Market Size accounted for USD 12,554 Million in 2021 and is projected to reach USD 24,687 Million by 2030.

The partnership between Origin Materials and Husky Technologies underscores their shared commitment to material innovation and cutting-edge polymer processing technologies. By leveraging their respective expertise and capabilities, the two companies aspire to transform the plastics industry and drive the adoption of sustainable polymers on a global scale.

About Origin Materials: Origin, the global leader in carbon negative materials, is dedicated to facilitating the worldwide shift towards sustainable materials. Leveraging groundbreaking technology and innovative processes, Origin has created a platform that converts biomass carbon into valuable materials while simultaneously capturing carbon emissions. This scientific breakthrough has evolved from its early stages of proof of concept to successful pilot demonstrations and beyond. Notably, in 2016, Nestlé Waters and Danone partnered with Origin to bring to market the platform's inaugural product: plant-based PET plastic with an impressively low carbon footprint. Recognizing the immense potential, PepsiCo joined the NaturALL Bottle Alliance in 2018, further reinforcing Origin's commitment to revolutionizing the materials industry.

The global plastic injection molding market has been segmented by Acumen Research and Consulting based on machine type, and end-user industry. By machine type, the segment is separated into all-electric injection molding machines, hybrid injection molding machines, and hydraulic injection molding machine. Among the machines, the hydraulic injection molding machine is predicted to take over the global plastic injection molding market in terms of revenue. The popularity of hydraulic injection molding machines stems from their inexpensive maintenance as well as excellent performance.

This collaboration marks a significant milestone in the advancement of eco-friendly polymers for packaging solutions. The PET/F polymer offers exceptional mechanical strength and barrier properties, resulting in extended shelf life for products. By adjusting the manufacturing conditions and the amount of FDCA copolymer utilized, the properties of the hybrid polymer can be tailored to meet specific requirements.

About Husky Technologies: As the leading provider of injection molding equipment and services in the plastics industry, our team at Husky is made up of engineers, designers, innovators, material and software specialists, and problem solvers. With a global workforce of over 4,300 dedicated individuals, we are committed to delivering success and profitability for our customers, who are based in more than 140 countries around the world.

BEIJING, Dec. 27, 2022 (GLOBE NEWSWIRE) -- The Global Plastic Injection Molding Market Size accounted for USD 271.6 Billion in 2021 and is estimated to achieve a market size of USD 419.1 Billion by 2030 growing at a CAGR of 5% from 2022 to 2030.

The Global Thermoplastic Elastomer Market Size was valued at USD 21,431 Million in 2021 and is predicted to be worth USD 39,009 Million By 2030, with a CAGR of 7.1% from 2022 to 2030.

Aside from that, North America is expected to see significant market growth in the coming years. The region's plastic injection molding market is predicted to increase due to the region's thriving healthcare industry and rising use of injection molding in the production of medical devices.

Stringent US FDA rules governing the utilization of plastic in medical equipment, as well as manufacturers' shift toward a more cost-effective process of production, are projected to drive up demand for plastic molding machines. The medical device industry in the United States was worth US$ 156 billion in 2017 and is expected to be worth US$ 208 billion by 2023. With the nation's medical equipment exports reaching up to USD 43 billion, the expansion of plastic injection molding machines is likely to accelerate. Injection molding would help manufacturers produce items that are lighter, cheaper, and more functional. The government is investing heavily in healthcare infrastructural projects to assist R&D operations. The government is enforcing certain criteria for medical equipment manufacture due to consumer preferences for home healthcare adoption. Organizations must achieve a specific level of quality while keeping production costs reasonable.

December 27, 2022 16:18 ET | Source: Acumen Research and Consulting Acumen Research and Consulting

Origin Materials envisions developing and selling a range of 100% bio-based, low-carbon, fully recyclable PET/F polymers. These innovative materials have the potential to replace traditional packaging materials such as glass and aluminum due to their sustainability benefits and superior performance characteristics. With the help of their patented technology platform, the company aims to achieve large-scale production of FDCA, polyethylene furanoate (PEF), and PET/F.