Industrial Mold Market Product Analysis

• The global industrial mold market is expected to decline from $28.2 billion in 2019 to $27.6 billion in 2020 at a compound annual growth rate (CAGR) of -2.3%. The decline is mainly due to economic slowdown across countries owing to the COVID19 outbreak and the measures to contain it.

• The Industrial Mold Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global industrial mold market. The report covers the industrial mold market’s segments- by type: metal molds; other material molds and by application: automotive; others.

• Conformal cooling designs are increasingly being used by manufacturing companies in 3D-printed molds as they provide better cooling to the molded products. Conformal designs provide better cooling molds with complicated geometric design and overcome issues like uneven cooling which adds warp, intricate curves, thin walls, and tight tolerances.

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