Research says In 2010 China Injection Molding Machines sales exceeded RMB20 billion for the first time and approximated RMB25.5 billion in 2013, the best since financial crisis, and it is expected to reach RMB30 billion or so in 2016.
Injection molding machine is the most crucial plastic processing machinery, accounting for 60%-85% in developed countries, and it finds application mainly in fields like automobile, household appliances, food & beverage packaging, plastic building materials, and electronic communications.
China injection molding machine industry has grown bigger and stronger along with rapid development of downstream sectors, becoming the world’s largest producer and consumer of injection molding machine.
At present, nearly 30% of China-made injections molding machines are exported. Customs data show that, China exported 25,082 injection molding machines in 2014, a year-on-year rise of 9.2%, generating export value of USD1.01 billion, up 9.1% from a year earlier.
In recent years, driven by demands from energy conservation and environmental protection, all-electric injection molding machine, electro-hydraulic injection molding machine, and two-platen injection molding machine have gradually become R&D and promotion priorities. It is noteworthy that more and more injection molding machines are two-plate ones. By early 2014, Chen Hsong Holdings, Haitian International Holdings, and Powerjet Plastic Machinery Limited all had independently developed two-platen ultra-large injection molding machines.
