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Resin Moulds Market

Market Study on Resin Moulds: Significant Growth Forecasted for Online Retail Sales

Resin Moulds Market Segmented By Polyester, Epoxy, Polyurethanes, Silicone Type in Automotive, Metallurgy, Consumer, Industrial industry

Resin Moulds Market Outlook (2023 to 2033)

According to Persistence Market Research, the global resin moulds market is projected to expand at 5.8% CAGR and reach US$ 6.02 billion by the end of 2033, up from its market size of US$ 3.44 billion in 2023.

Resin moulds, also known as casting moulds or mould forms, are tools used in the manufacturing process to shape and produce objects made from various types of resins. Resin moulds are typically made from materials such as silicone, polyurethane, or epoxy, which have good flexibility, durability, and release properties.

Precise and accurate replicas of the desired object can be created using resin moulds, and they are used to create jewelry, figurines, coasters, and home decor. Resin moulds are available in a wide range of styles, colors, and prints to cater to different industry preferences.

In terms of competition within the market, resin moulds offer cost advantages over traditional mould-making materials such as metal. Resin moulds are typically more affordable to produce and maintain, allowing manufacturers to reduce production costs. Additionally, they provide greater design flexibility, enabling the creation of intricate shapes and complex geometries that may be difficult or expensive to achieve with other materials.

Attribute Key Insights

Resin Moulds Market Size (2022A)

US$ 3.24 billion

Estimated Market Value (2023E)

US$ 3.44 billion

Projected Sales of Resin Moulds (2033F)

US$ 6.02 billion

Market Growth Rate (2023 to 2033)

5.8% CAGR

Collective Value Share of Top 3 Countries (2022)

25% to 35%

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Consumption Analysis of Resin Moulds (2018 to 2022) vs. Market Projections (2023 to 2033)

The global market expanded at 4.9% CAGR from 2018 to 2022 and is predicted to advance faster at a CAGR of 5.8%, driven by demand for customized and personalized products across various industries. As resin moulds enable manufacturers to produce unique designs and shapes, catering to the individual preferences of consumers. This demand for customization is expected to drive market expansion.

The resin moulds industry is embracing Industry 4.0 technologies to enhance efficiency and productivity in manufacturing processes. Automation, robotics, and digitalization are being integrated into mould-making processes, resulting in improved accuracy, reduced lead times, and enhanced quality control.

Smart manufacturing technologies, such as sensor-equipped moulds and real-time monitoring systems are being used to optimize production, minimize errors, and enable predictive maintenance in various industries, which is leading to increased market size for resin moulds.

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Which Factors are Supporting the Demand Growth for Resin Moulds?

“Craft and DIY Trends Driving Demand for Resin Moulds to Create Personalized Product Designs”

Rising participation in crafts and DIY activities has fuelled the demand for resin moulds and expanded customization options, thus creating opportunities for collaboration and brand partnerships. As more individuals are increasingly seeking customized and personalized products, the market is expected to benefit from this trend.

Resin moulds offer the flexibility to create unique and tailored designs. This provides opportunities for manufacturers to collaborate with product designers, artisans, and small businesses to cater to the growing market for customized and personalized products. Industrialization has contributed significantly to the increased demand for resin moulds by facilitating rapid prototyping and faster product development cycles.

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What are the Factors Restraining the Consumption of Resin Moulds?

“Limited Lifespan of Resin Moulds and High Cost of Production”

Resin moulds have a limited lifespan and can wear out over time, especially when used for high-volume production or in demanding environments. The continuous use of moulds can result in wear and tear, affecting the mould's accuracy and performance. Regular maintenance, repair, and mould replacement may be necessary, adding to the overall cost of production pose a significant restraint to the growth of the target market.

It is a challenge to find skilled labor and specialized equipment for precision and accuracy poses a challenge in ensuring proper functionality and replicating desired shapes. Meeting quality standards and maintaining consistency in mould production can also be challenging, particularly for complex designs or high-volume production, which is restraining market expansion.

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Country-wise Analysis

How are Sales of Resin Moulds Progressing in the United States?

“Increasing Utilization of Epoxy Resins in Home-based DIY Projects”

Sales of resin moulds in the United States are expected to rise at a CAGR of 5.8% during the forecast period.

The United States market is significantly driven by the rising trend of DIY projects. Increasing interest in epoxy resins and their home-based applications is a significant factor driving the growth of the market in the country.

Presence of well-established brands of resin moulds in the United States is also expected to contribute to market growth. The changing preferences of the regional population towards self-made products, instead of purchasing from other stores, are further driving the market.

What is the Demand Outlook for Resin Moulds in the United Kingdom?

“Growing Emphasis on Eco-friendly Manufacturing Practices Driving Demand for Resin Moulds”

The market in the United Kingdom is expected to expand at a CAGR of 4% during the projection period. The United Kingdom has a vibrant market for resin moulds, with a strong manufacturing base. Manufacturers are focusing on product customization.

Growing adoption of advanced materials, such as lightweight composites, and focus on eco-friendly manufacturing practices are driving the demand for resin moulds in the United Kingdom market.

What’s Influencing China’s Market for Resin Moulds?

“Rapid Industrialization and Rising Demand for High-quality Customized Products”

China accounted for 22% share of the global market in 2022.

The market in China is influenced by industrialization. China’s thriving industries contribute to the sales of resin moulds with the region's economic growth, rising disposable incomes, and urbanization driving the demand for customized and high-quality products.

Category-wise Insights

Which Material Accounts for Widespread Utilization?

“Resin Casting Capability of Silicone Moulds without Need of Separating Agents Contributing to Their Increased Use”

Utilization of silicone moulds is set to rise at a CAGR of 5.5% from 2023 to 2033.

Silicone is a commonly used material due to its versatility because it does not require a separating agent to prevent resin adhesion. Silicone moulds, typically made of flexible rubber, allow natural and synthetic resins to be cast into predetermined shapes.

Which Resin Type is Widely Preferred across Industries?

“Preference for Synthetic Resins Rising Due to Their Ease of Handling and Low Weight”

Synthetic resin moulds account for 18.5% share of the global market in 2023.

Synthetic resins are created through the process of molecular polymerization, resulting in the formation of highly stable and viscous substances that bear similarities to natural resins found in trees. These synthetic resins have gained significant popularity for various applications due to their purity and more predictable behavior compared to natural resins.

The lightweight nature of synthetic resins compared to traditional materials like metal offers advantages in terms of ease of handling, reduced transportation costs, and the ability to create larger moulds without excessive weight.

Which Sales Channel is Estimated to Gain Traction over the Forecast Period?

“Convenient Shopping Experiences and Increased Product Accessibility Offered by Online Channels”

Sales of resin moulds through online retailers are anticipated to rise at a CAGR of 8.5% through 2033.

Online retailers are expected to gain traction in the market due to several factors. Online channels offer more accessibility to consumers worldwide as well as a wide variety of options, convenient shopping experiences, customization features, etc. User-generated content, such as customer reviews and ratings, provides valuable insights into the quality and performance of resin moulds.

Potential buyers can assess the experiences of previous customers, influencing their purchase decisions. Customer reviews save time and eliminate the need to visit physical stores. As a result, online retail channels are becoming an attractive option for consumers.

Competition Landscape

The resin moulds market is highly competitive with several manufacturers available at the market with different price points. Some of the leading brands in the market include Vkinman, Hamilton Beach, and Resin Go among others. These players have a major focus on research & development adopting sustainable practices to minimize environmental impact to enhance their market presence.

For instance:

  • In 2023, Loliware Inc., a seaweed-based material technology company, introduced the injection-moulding grade of its seaweed-based resin, addressing the market demand for single-use utensils.
  • In 2023, Hexcel, a leading producer of carbon fiber reinforcements and resin systems, launched a novel RTM resin. This resin is well-suited for high-rate manufacturing of small- to medium-sized parts, enabling robust and efficient injection processes.

Resin Moulds Industry Report Scope

Attribute Details

Forecast Period

2023 to 2033

Historical Data Available for

2018 to 2022

Market Analysis

  • US$ Billion for Value
  • Units for Volume

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

Key Countries Covered

  • United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • United Kingdom
  • France
  • Spain
  • Italy
  • Russia
  • South Africa
  • Northern Africa
  • GCC Countries
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Malaysia
  • Indonesia
  • Australia
  • New Zealand

Key Market Segments Covered

  • Material
  • Resin Type
  • Application
  • Sales Channel
  • Region

Key Companies Profiled

  • Vkinman
  • Hamilton Beach
  • Resin Go
  • Meccanixity
  • TOODOO
  • Wealike
  • Haphiz
  • Cayway
  • HASTHIP
  • BanteyBanatey
  • Goodern
  • KASTWAVE
  • DELFINO
  • FineGood
  • Others (As per Request)

Customization & Pricing

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Key Segments of Resin Moulds Industry Research

Material:

  • Silicone
  • Latex
  • Plaster
  • Metal
  • Fiberglass
  • Others

Resin Type:

  • Natural
  • Synthetic

Application:

  • Lightweight Jewellery
  • Decorative Articles
  • Others

Sales Channel:

  • Hypermarkets/Supermarkets
  • Departmental Stores
  • Specialty Stores
  • Independent Small Stores
  • Online Retailers
    • Direct Sales
    • Indirect Sales
  • Other Sales Channels

Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

- Companies Covered in This Report -

  • Vkinman
  • Hamilton Beach
  • Resin Go
  • Meccanixity
  • TOODOO
  • Wealike
  • Haphiz
  • Cayway
  • HASTHIP
  • Bantey Banatey
  • Goodern
  • KASTWAVE
  • DELFINO
  • FineGood
  • Other Players (As requested)

- Frequently Asked Questions -

From 2018 and 2022, worldwide sales of resin moulds increased at 4.9% CAGR.

North America led the global resin moulds market in 2022.

The market for resin moulds stands at a value of US$ 3.44 billion in 2023.

Some of the leading market players are Vkinman, Hamilton Beach, Resin Go, Meccanixity, and FineGood.

Global demand for resin moulds is projected to increase at 5.8% CAGR through 2033.

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