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Download Free sampleThe global Low-Pressure Molding Molds market was valued at 79.36 Million USD in 2021 and will grow with a CAGR of 4.56% from 2021 to 2027, based on Research newly published report.
The prime objective of Low-Pressure Molding Molds Market is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, Low-Pressure Molding Molds Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Low Pressure Molding is a process typically used to encapsulate and environmentally protect electronic components, automotive wiring harness, battery, etc. Low pressure molding is a process in which packaging materials are injected into a mold with a very low injection pressure and quickly solidified. The Low Pressure Molding Molds industry can be broken down into several segments, Aluminium Molds, Steel Molds.Global Low-Pressure Molding Molds key players include LPMS, PT.Fuji Junya Kitagawa (PT.FJK), etc. Asia-Pacific is the largest consumption region of Low-Pressure Molding Molds, with a consumption market share of nearly 50%. The second place is Europe, following Asia-Pacific with the consumption market share of over 25%. Based on the type of product, Steel Molds is more popular than Aluminium Molds due to durability, with a consumption market share of over 90%. And according to the application, electronic component is the largest market segment, with a consumption market share of nearly 75%.
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