It is widely recognized that within China's mold industry, plastic molds represent a significant portion, comprising about 30%. The plastic mold sector is thriving, fueled by advanced technologies and the demands of core industries, creating an extensive industrial ecosystem. This ecosystem spans from the supply of raw materials and auxiliary components, through processing and testing equipment, to various end-use industries such as machinery, automotive, motorcycles, consumer electronics, home appliances, and building materials, demonstrating the sector's dynamic growth.
In the realm of mold applications, the automotive industry emerges as a major consumer, utilizing a diverse array of molds. These include not just Injection molds but also stamping, forging, and casting molds. Reports suggest that 95% of automotive parts production necessitates mold-based manufacturing, with a single new vehicle requiring approximately 500 pairs of injection molds.
The emergence of electric and autonomous vehicles, alongside the push for new energy sources, has underscored the importance of lightweight designs in automotive engineering. This trend towards lighter vehicle components, crucial for both interior and exterior applications, introduces new challenges and demands on the molding process, propelling advancements in plastic mold technologies. Consequently, it is anticipated that plastic molds will continue to grow in prevalence and development pace within the mold industry, outpacing other mold types.
The frequent updates in car models and the ongoing demand for new vehicles further fuel the expansion of the automotive mold sector. In recent years, the automotive plastic mold industry in China has seen significant improvements in technology, quality, and reliability. Combined with the cost-effectiveness of Chinese mold products, this has positioned China as a key player in the global automotive plastic mold market, presenting ample opportunities for the sector's growth.
Since its inception, Global Injection Molds Co., LTD has concentrated on crafting molds for everyday goods, medical products, and transparent components, among
others. Our company has led the way in elevating the automation and intelligence of mold production processes. It has developed proprietary technologies in several areas, including physical and chemical foam mold processes, multi-color molding, in-mold decoration (IMD/INS), and low-pressure
injection molding techniques. Our company has also achieved breakthroughs in technologies for hot runner systems, high-speed multi-cavity molds, and insert molding, marking significant progress in the industry.
