South America Hot Runner Temperature Controller Market

Market Introduction

The South America hot runner temperature controller market is further segmented into Brazil, Argentina, and Rest of SAM. The rapid pace of industrialization in countries in South America is attributed to the proliferation of the packaging, and automotive and electronic component manufacturing industries. The countries in the region majorly depend upon imported goods and commodities. With the rise in FDIs, several industries are coming up and contributing substantial shares to the GDP growth of respective countries. The hot runner temperature controller market in South America is comparatively small; however, the market is expected to surge over the years owing to the rising trend of paying attention to product details mentioned on labels. Brazil leads the region in terms of GDP, followed by Argentina and Colombia. Additionally, to maintain their brand image, manufacturers are increasingly emphasizing and capitalizing on the adoption of advanced hot runner temperature controllers for generating exclusive labels for each product. Moreover, governments of other emerging economies in South America are taking several initiatives to support the industrial growth. For instance, Argentina is concentrating on attracting FDIs by taking several initiatives such as easing import restrictions, signing international bilateral agreements, and lifting foreign investment-related restrictions. Such initiatives are expected to help in the development of businesses in South American countries. Furthermore, the COVID-19 outbreak has severely affected several countries in South America. Brazil has had the worst hit in the region, with the number of positive cases continuing to surge on a daily basis. The outbreak has weakened the manufacturing volumes and trade activities in Brazil and other countries in South America, which is also limiting the hot runner temperature controller market growth.

The COVID-19 pandemic has adversely affected many automobile and industrial vendors, which also led to the shutdown of manufacturing facilities. In January 2021, Ford Motor announced the shuttering of three of its plants in Brazil to stop the automobile production across this region due to reduced demand and sales along with slowdown in their production lines caused amid the COVID-19 pandemic and industrial crisis worldwide. This step taken by Ford Motors has also led to slowdown in the country’s GDP growth. Also, the industrial production in Brazil fell down by 8.2% during the FY 2020. Argentina also faced a GDP decline of ~9.9% during the FY 2020. Industrial production across Argentina shrank by 13.5% during the FY 2020. Furthermore, automobile manufacturing fell by ~40%, auto-parts production fell by ~38%, moto cycle production hampered by ~56%, and electrical equipment production decreased by ~42% across the country during the pandemic. However, the food & beverages sector grew by ~1.5% during the same period. Therefore, the downfall in the industrial production has led to reduction in spending on industrial automation, which is hindering the hot runner temperature controller market growth in South America.

South America Hot Runner Temperature Controller Strategic Insights

Strategic insights for the South America Hot Runner Temperature Controller provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

South America Hot Runner Temperature Controller Report Scope

South America Hot Runner Temperature Controller Regional Insights

The geographic scope of the South America Hot Runner Temperature Controller refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The hot runner temperature controller market in South America is expected to grow from US$ 8.17 million in 2021 to US$ 12.06 million by 2028; it is estimated to grow at a CAGR of 5.7% from 2021 to 2028. Plastic is transformed from a raw material to a proper form using hot runner controllers. Demand for hot runner temperature controller systems has increased with surge in the need for molded plastic in the automotive, home appliance, electrical, and electronics industries. Due to the suitability of versatile plastic components in flexible packaging, pipelines, insulation and coatings, and medical devices, customers’ demand for hot runner temperature controller devices is on rise. Furthermore, increased demand from the construction industry due to the widespread use of injection-molded plastics in flooring, roofing, pipelines, walls, insulation, and windows has boosted the demand. Injection molding is one of the most widely used plastics manufacturing processes, as it is capable of providing a realistic solution for the mass production of high-quality injection automobile parts from various polymers. Automotive plastic injection molding is a critical production technique in the automotive sector, where consistency, safety, and quality are crucial. Medical plastic parts are subjected to rigorous quality checks in all the phases, ranging from the prototype phase through high-volume production phase. Disposable packaging, syringes, petri dishes, and test tubes are among the medical products available, as are parts for sensors, diagnostic equipment, and plastic implants. Medical-grade plastics feature a wide range of properties; a majority of these are delicate and can only be manufactured within a narrow processing window. Mold Hotrunner Solutions Inc., for instance, offers high-performance hot runner systems named Rheo-Pro for producing medical parts. Thus, the use of hot runners significantly reduces production costs by eliminating the requirement of cold runners, and related part handling and regrind materials. Furthermore, plastic injection-molded parts are subject to stringent regulations in the packaging business. Thin-walled, lightweight molded parts, as well as the maximum manufacturing capacity, are examples of this. MHS offers a variety of plastic injection molding options, including thin-walled containers and closures as well as PET bottle preform molds, for high-volume packaging. Plastics play a significant role in the building industry's evolution; items made from this material are increasingly being used by architects, engineers, and developers due to their material properties, strength, appearance, manufacturability, and durability. MHS provides injection molding solutions for various applications, including flooring systems, roofing, siding, fence, irrigation, plumbing, fittings, fasteners, and machines. Thus, the growing use of molded plastics in automotive, medical devices, construction, and packaging industries is boosting the hot runner temperature controller market growth.

Key Market Segments

In terms of type, the valve gate segment accounted for the largest share of the South America hot runner temperature controller market in 2020. In terms of application, the packaging industry segment accounted for the largest share of the South America hot runner temperature controller market in 2020. In term of control zone, the 12-48 Zones segment held a larger market share of the hot runner temperature controller market in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the hot runner temperature controller market in South America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Gammaflux; Husky Injection Molding Systems Ltd.; Meusburger Georg GmbH & Co KG; INGLASS S.P.A.; and Hillenbrand, Inc. among others.

Reasons to buy report

• To understand the South America hot runner temperature controller market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for South America hot runner temperature controller market
• Efficiently plan M&A and partnership deals in South America hot runner temperature controller market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form South America hot runner temperature controller market
• Obtain market revenue forecast for market by various segments from 2021-2028 in South America region.

   

South America Hot Runner Temperature Controller Market Segmentation

South America Hot Runner Temperature Controller Market – By Type

• Valve Gate
• Open Gate

South America Hot Runner Temperature Controller Market – By

Application

• Automotive Industry
• Electronic Industry
• Medical Industry
• Packaging Industry
• Others

South America Hot Runner Temperature Controller Market – By

Control Zone

• Up to 12 Zones
• 12-48 Zones
• 48-72 Zones
• 72-108 Zones
• 108-144 Zones
• 144-180 Zones
• 180-216 Zones
• Above 216 Zones     

South America Hot Runner Temperature Controller Market – By Country

• Brazil
• Argentina
• Rest of SAM

South America Hot Runner Temperature Controller Market – Companies Mentioned

• Gammaflux    
• Husky Injection Molding Systems Ltd.                                  
• Meusburger Georg GmbH & Co KG                                        
• INGLASS S.P.A.                                                                                                                            
• Hillenbrand, Inc.