The dies and moulds market in India is poised to grow by $ 1.47 bn during 2021-2025 progressing at a CAGR of 9% during the forecast period.
The global elevator and escalator market is projected to grow from $83.86 billion in 2022 to $132.08 billion by 2029, at a CAGR of 6.7% in forecast period. The rising investment in commercial and residential infrastructure projects in the developing and developed economies results in elevator and escalator market growth. Increasing construction works of the largest and tallest commercial projects in several regions are expected to develop the new products with new technology.
According to Reports, The International injection moulded plastics market size was valued at USD 284.7 billion in 2021. It is expected to expand at a compound annual growth rate (CAGR) of 4.2% during the forecast period. The growing demand for plastic components from various end-use industries including automotive, packaging, home appliances, electrical & electronics, and medical devices is anticipated to drive the market. Modern innovations to minimize the rate of faulty production have enhanced the significance of injection-moulded technology in the mass production of complicated plastic shapes. Volatile prices of raw materials, such as benzene, ethylene, propylene, and styrene, coupled with the growing concerns regarding their disposal are expected to hinder market growth over the forecast period.
The die-mould industry and Plastic Industry in India has expanded over the time and is currently enjoying a remarkable position in the both domestic and global manufacturing landscape. An insight into the industry that is keeping pace with the time and innovating quality and precision techniques and equipment.
Die-mould and Plastic industry sectors of the country has gone through an awe-inspiring transformation. Capable of catering to a diversity of specific demands from a number of growing sectors including Automotive, Plastics, Electronics and Electrical, Healthcare, and Machine Tools, the industry finds itself brimming with opportunities.
We are expecting that in this multimillion market we acquire a decent market from both Domestic and International market. As a clear vision we always look up to our Quality of product and Customized solution to our client.
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