New York, NY -- (SBWire) -- 08/09/2019 --It evaluates the data gathered to give an extensive view of the trends and predicts the possible developments in the forecasted duration. For this study, the historical data has been collected from the years 2016 and 2017 while taking 2018 as the base year to estimate the rise of the industry in the years 2019 to 2026.
The Low Pressure Molding market was valued at over USD 580 million in 2016 and exhibits a promising growth rate. Low Pressure Molding (LPM) with polyamides is a process used to enclose and protect electronic components such as electric boards from natural elements such as dust, dirt, moisture, and vibration. LPM was initially invented in Europe and was used to seal connectors and create strain relief for wires.
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With LPM, over-molding can be employed for components that cannot withstand the high pressure of traditional injection molding processes. Another advantage LPM has over existing injection molding process is the cost difference and faster start-up time. The conventional injection molding process is expensive comparatively and has slower start-up times as compared to LPM because LPM processes use inexpensive aluminum mold designs and simple equipment that are quick to produce and easily integrate with the production process.
Low pressure molding with polyamides process had its first commercial use in the automotive sector and as has expanded to several fields such as industrial products, consumer products, electronics, medical, military, and many more. The increasing application of the LPM process is likely to promote the rise of the market in the coming years. The basic requirements for the LPM process are the raw materials and special molding equipment. The raw materials include dimer-based polyamide materials, also known as hot-melts. There is a sufficient amount of the required raw materials globally, but the technical issues limit the development of the LPM industry, which is likely to hinder the growth during the forecast period. Once the technology barriers are resolved, opportunities for new companies will arise. In the automotive sector, LPM is used, to replace toxic and cumbersome potting process, for faster cycle times, for lighter parts and environmentally safe components.
The rapidly growing automotive sector and the rising awareness of environmental concerns will have a positive impact on the development of the market. Based on application, the electronics segment dominates a majority of the market share. In 2016, surveys showed that approximately 49% of the low-pressure molding with polyamides went into the electronics industry. Europe and North America own a sizable portion of market shares because of the advanced production technology, the rapid development of the economy, and the rising automobile manufacturing in these regions, especially in Europe. Manufacturers from developing countries such as China will see slow growth due to immature technological capabilities.
Some of the key findings from our LPM with polyamides market forecast report
The report conducts an investigation on the LPM with polyamides market to predict its future growth. The past data is considered from the years 2016 and 2017 while taking 2018 as the base year to estimate the trends in the years 2019 to 2026. The industry has been categorized into different segments based on product type as Black Type, Amber Type, Others; and based on application as Electronics, Automotive, Textile Industry, and others; to assess their size, share, demand, trends, gross profit, total earnings, revenue and speculate other aspects. This report also evaluates the competition to derive the individual placements of the key players in the global sector. The information provided here outlines those sectors that are expected to undergo substantial developments in the predicted years to aid the readers in deciphering the most lucrative ones for their business. By doing so, it also highlights the sectors that exhibit significant potential for investment.
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Global Low Pressure Molding (LPM) with Polyamides market overview
The global Low Pressure Molding (LPM) with Polyamides industry is projected to undergo a steady rise in the forecasted years, as observed by the outcome of the analysis provided in this study. The report encompasses the different factors that have a substantial impact on revenue of the businesses. This study also profiles the key players that account for a significant share in the global economy of the LPM business. The global market is highly concentrated with Henkel and Bostik controlling approximately 90% of the market share.
The key Low Pressure Molding (LPM) with Polyamides market players:
- Henkel
- Bostik
- MoldMan
- SUNTIP
- Austromelt
- Rixin Fine Synthetic Material
- Taiyu Alwayseal Technology
- KY Chemical
Market segment based on Type:
- Black Type
- Amber Type
- Others
Market segment based on Application:
- Electronics
- Automotive
- Textile Industry
- Others
Market segment based on Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
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Table of Contents:
1 Market Overview
2 Manufacturers Profiles
3 Global Low Pressure Molding with Polyamides Market Competition, by Manufacturer
4 Global Low Pressure Molding with Polyamides Market Analysis by Regions
5 North America Low Pressure Molding with Polyamides by Countries, Type, Application and Manufacturers
6 Europe Low Pressure Molding with Polyamides by Countries, Type, Application and Manufacturers
7 Asia-Pacific Low Pressure Molding with Polyamides by Countries, Type, Application and Manufacturers
8 South America Low Pressure Molding with Polyamides by Countries, Type, Application and Manufacturers
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Low Pressure Molding (LPM) with Polyamides Market 2019, Analysis by Top Key Players- Henkel, Bostik, MoldMan, SUNTIP, Austromelt, KY Chemical
This report on the global Low Pressure Molding (LPM) with Polyamides market is a thorough analysis of the size, share, demand, growth, gross profits, earnings, and revenue of the industry.