Currently, the application of plastic products is wide, which provides a broad market for plastic moulds. Large-scale, high precision, multi-functional composite moulds are favored.
In recent years, China's plastic mould industry has developed fast. At present, plastic moulds account for 30% of the whole industry, and the proportion of imports and exports in the market is up to 50 - 70%. With rapid development in the machinery, automotive, appliance, construction material and other electronic information industries, this import ratio will continue to improve.
Creating an ordinary car utilizes more than 200 pieces of interior mould, including bumpers, instrument panels, fuel tanks, and steering wheels. Only 50% of medium-sized plastic moulds can meet the requirements. Plastic materials replacing traditional materials have become the rising trend. In 2010, plastic doors and pipes will have a market penetration reaching 30 to 50%. This should greatly increase the demand for mould.
The overall market trend in the mould industry is smooth and progressive, and in the future mould market, plastic mould's growth rate will be higher than other moulds.
In recent years, plastic moulds have been used in pillar and high technology-driven industries, forming a huge industrial chain. Upstream raw materials industry and downstream machinery are all involved. With automobile, motorcycle, household appliances, electronic communications, construction and building materials industries all utilizing plastic moulds. At the same time, construction, household appliances, automobile and other industries have a great demand on the plastic. It is estimated that the automotive and motorcycle industries will need more than 10 billion moulds each year. There are also about 2.8 billion TV moulds used each year.It is no doubt that with the economic development, the mould industry will flourish in the future.