Plastic mold market share continues to climb

Plastic mold market share continues to climb high-end areas to achieve import replacement

China is a big producer of plastic molds, but the industry is large but not strong. The products are mainly concentrated in the middle and low-end fields, with insufficient international competitiveness, and high-end products rely on imports. Under the background of manufacturing transformation and upgrading, the market demand for high-end plastic mold is growing more rapidly. China's plastic mold industry should grasp the market demand, adjust the product structure, and develop to the direction of high technology content and high added value.

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Plastic mould is a tool for plastic processing industry and plastic forming machine to endow plastic products with complete configuration and precise size. Plastic mold is the basic tool for the production of plastic products, its precision directly affects the integrity of plastic products structure and size accuracy, plays an important role in the manufacturing industry, is widely used in the automotive, energy, machinery, electronics, information, aerospace, daily supplies and other fields, the market demand continues to grow.

Compared with developed countries, the mould industry in China started later, but developed rapidly, and has made great progress at the present stage. According to "2019-2023 in-depth market research and investment strategy recommendation report on the plastic mold industry" released by xinsijie industry research center, in 2018, the sales revenue of enterprises above the scale of the mold industry in China was 213.6 billion yuan, of which plastic mold is an important branch of the mold industry, with a share of more than 30%. Plastic mold in the production and processing of plastic products occupies a core position, is expected to develop faster than other molds in the future, the share will continue to climb.

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The plastic mold industry in China is mainly concentrated in the pearl river delta and Yangtze river delta regions. The output value of plastic mold in the two major fields accounts for more than two-thirds of the total output value of the industry, among which, the plastic mold industry in zhejiang, jiangsu and guangdong is the most developed. The development of plastic mold industry in southeast coastal areas of China is faster than that in central and western regions, showing a high regional concentration and unbalanced development among regions.

After continuous development, China is now one of the world's important plastic mold producers, the industry size is only second to Japan and the United States. However, there are a large number of enterprises in the plastic mold industry in China, most of which are small in scale and lack independent innovation ability. Their products are mainly concentrated in the middle and low-end fields with low added value. In the international market, China's plastic mold industry mainly wins the competition with low price. In the field of sophisticated and complex high-end plastic mold, the industry competitiveness is insufficient, and the market demand is still largely dependent on imports.

Mold is an important cornerstone of industrial development, 75% of the rough processing of industrial parts, 50% of the precision processing of parts by mold molding, household appliances industry 80% of the parts, more than 70% of the electromechanical industry parts also need to be processed by mold. With the development of energy conservation, emission reduction and light weight, more industries gradually use plastic products to replace metal products in the selection of parts, driving the market demand for plastic mold continues to grow. Under the strategic background of "made in China 2025", the market demand for precision plastic molds grows faster, and China's plastic mold industry needs to accelerate the pace of transformation and upgrading to realize the import substitution of high-end products.

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Xinsi industry analysts said that mold is the "mother of industry", plastic mold is an important branch of the mold industry, the development potential is greater, the share is continuing to climb. China is a big producer of plastic molds, but the industry is large but not strong. The products are mainly concentrated in the middle and low-end fields, with insufficient international competitiveness, and high-end products rely on imports. Under the background of manufacturing transformation and upgrading, the market demand for high-end plastic mold is growing more rapidly. China's plastic mold industry should grasp the market demand, adjust the product structure, and develop to the direction of high technology content and high added value.

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