Growth in Dies and Molds, Molding Compounds, and Vertical Injection Molding Machines

The global dies and molds market is projected to grow at a considerable rate between 2023 and 2030, with a focus on automotive molds. The molding compound market is expected to reach USD 19.58 billion by 2030, driven by the need for lightweight and eco-friendly materials. The global vertical injection molding machine market is projected to reach US$ 1.2 billion in 2031, with a focus on applications such as automotive parts and electronic components. The global molding compounds market is expected to reach a value of around USD 18.18 billion by 2030, driven by the demand for consumer goods and building and construction activity.