Global Plastic Welding Equipment Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Plastic Welding Equipment Market 2021 (Includes Business Impact of COVID-19)
Global Plastic Welding Equipment Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global plastic welding equipment market report has been segmented as per equipment type, and region.
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Global Plastic Welding Equipment Market: Overview


Welding is a joining process and is used in residential and non-residential sectors. Plastic welding equipment is used for plastic welding purpose, in which two plastic materials can be joined with the help of heat and pressure. Plastic welding equipment can be used for creating airtight, watertight and durable seals. In this plastic welding process, a molecular bond is created between two compatible thermoplastics in the processing of manufacturing plastic products. This welding equipment can perform three types tasks namely pressing, heating, and cooling.


Global Plastic Welding Equipment Market: Dynamics


Key factor driving growth of the global plastic welding equipment market is rapidly growing plastic industry globally. Plastic materials such as polyethylene terephthalate, polypropylene and others have been used instead of wood or metal in various applications. In addition, low price of this equipment will lead to higher adoption resulting in revenue growth of the global plastic welding equipment market. Plastic welding equipment is used in different work places because it enables various methods for plastic welding. In addition, different types of welding equipment are available in the market which work in different working environment.

Rapid industrialization across the globe is expected to result in high demand for plastic welding equipment in the near future. In addition, major players are focusing on enhancing welding equipment products, in order to make it more reliable, with extended durability at low costs. This is expected to augment sales of plastic welding equipment.

However, plastic is one of the factor which causes pollution and does not decompose after use. In order to prevent plastic pollution, government of various countries are making efforts and implementing new regulations on banning use of plastic. This is a major factor that could have negative impact and effect on revenue growth of the target market.


Global Plastic Welding Equipment Market: Segment Analysis


Among the plastic welding equipment type, the laser welding equipment segment is expected to account for major revenue share in the global plastic welding equipment market. Laser plastic welding equipment has provided enhanced technology in the field of plastic welding, and are more reliable as compared to other plastic welding equipment. These factor is expected to drive growth for the leaser welding equipment segment in the global market.


Global Plastic Welding Equipment Market: Region Analysis


The North America market is estimated to account for major share in terms of revenue and is expected to be a dominant market in the global market. Rapidly growing demand for plastic products, substantial growth of industrialization, lower cost of plastic welding equipment, and features of the equipment are some factors expected to drive growth of the welding equipment market in this region. The market in Asia Pacific is projected to register significant growth rate in the next 10 years.


Below are the active patents related to Plastic Welding Equipment Market.


Patent Number: US20070284033A1

Hot plate welding process

Abstract

A method for welding material including: applying a release material to a first film, the release material applied to locations where a weld is not desired; positioning a second film opposite the first film, the release material being positioned between the first film and the second film; placing the first film and the second film between planar press plates having planar surfaces and closing the press plates on the first film and the second film; applying energy to at least one of the press plates to weld the first film to the second film where the release material is absent.

Application File Date: 2007-03-01

Application Granted Date: 2011-02-22

Current Assignee: Dielectrics Industries Inc

Patent Number: US9601837B2

Spin-welded electrical ground and spin welding methods

Abstract

A friction-welded ground assembly that includes an alloy substrate with a clearance hole; an aluminum alloy weld nut having a bolt bore and an outer wall; and a grounding bolt. The bore is located substantially within the clearance hole and a portion of the outer wall is joined to the substrate at a friction-welded attachment. Further, the bolt is threaded within the bore. In addition, a method for making a ground includes the steps: rotating an aluminum alloy weld nut having an outer wall at a predetermined speed; lowering the outer wall of the rotating nut into contact with an aluminum alloy substrate to generate a frictional force for a friction time; arresting the rotation of the nut; and applying an axial forging force to the outer wall and the substrate for a forging time.

Application File Date: 2014-01-31

Application Granted Date: 2017-03-21

Current Assignee: Ford Global Technologies LLC

Global Plastic Welding Equipment Market Segmentation:

Segmentation by Equipment type:

  
Electric Socket
  
Ultrasonic
  
Hot Gas
  
Hot Plate
  
Spin
  
Extrusion
  
High Frequency
  
Laser
  
Injection
  
Other


Key Market Players included in the report:


  
3Axis Development, Inc.
  
CEMAS Elettra S.r.l.
  
DRADER Manufacturing Industries Ltd.
  
Dukane Corporation
  
Emerson Electric Co.
  
Herrmann Ultrasonics, Inc.
  
Imeco Machine Pvt. Ltd.
  
Leister Technologies AG
  
RITMO S.p.A.
  
Wegener Welding


Below are the key development related to Plastic Welding Equipment Market in 2020 and 2021.


December 2021: CORE Industrial Partners (“CORE”), a Chicago-based private equity firm, announced the acquisition of Dahlquist Machine, Inc. (“Dahlquist Machine” or the “Company”), a provider of precision machined components primarily for the medical and instrumentation end markets, by an affiliate of CORE, Incodema Holdings LLC (“Incodema”). Founded in 1969 and headquartered north of Minneapolis in Ham Lake, Minnesota, Dahlquist Machine specializes in high-speed precision machining of light metal, aluminum and plastic products for a customer base largely comprised of established medical device and laboratory testing equipment OEMs. In addition to medical, Dahlquist Machine also serves the electronics, instrumental and industrials end markets with a suite of more than 30 modern CNC mills and lathes.Source

February 2021: CORE Industrial Partners (“CORE”), a Chicago-based private equity firm, announced the acquisition of Summit Tooling, Inc. and Summit Plastics, Inc. (collectively, “Summit” or the “Company”), a leading precision tooling and injection molding services provider, by CORE portfolio company Fathom. Summit is the fourth add-on acquisition to the Fathom platform following CORE’s initial investment in 2018. Founded in 1996, Summit provides high-quality plastic injection mold design, precision mold-making and close-tolerance injection molding with a specialty in small-to-medium prototype injection molds. Utilizing a fleet of more than 30 machines, Summit primarily serves long-tenured customers in the medical and packaging end markets. The Company’s in-house metalworking capabilities include engineering design, sheet metal shearing, punching and bending, roll forming, hardware integration, welding, grinding, polishing, painting and assembly. Further, Summit’s thermoplastics engineering expertise allows the Company to process multi-shot tooling, bi-injected tooling and insert overmolding in addition to offering pad printing, hot stamping, ultrasonic welding and assembly. Headquartered northwest of Chicago in McHenry, Illinois, the Company operates a 26,000 square foot facility. Source

January 2021: Revere Plastics Systems Continues Growth With Acquisition of Mexico Manufacturing Operation. Revere Plastics Systems, LLC, a leading manufacturer of highly-engineered plastic injection molded parts and assemblies, has acquired Alliance-McAlpin NY, LLC ("A-MNY") and its subsidiary, Alliance-McAlpin MX, S. de R.L. de C.V. ("A-MMEX"), from Alliance Precision Plastics Corporation. The acquisition, effective Dec. 30, 2020, establishes Reveres first manufacturing facility in Mexico. A-MNY and A-MMEX operate as a maquiladora, offering customers a cost-effective solution for injection molded products in various end markets. The company, located in Saltillo, in the state of Coahuila, currently operates 23 injection molding presses ranging from 67 tons to 720 tons. Source