Analysis of China's Plastic Mould manufacturing in 2022

Modern plastic injection molds not only provide important production equipment for various industries, but also directly 

serve high-tech industries. Plastic mould manufacturing factory play a unique and important role in product research, 

innovation and production in manufacturing. The strength and level of precision mold manufacturing has become an 

important symbol to measure a country's innovation ability. The progress of related industries directly affects the 

development of the plastic mold industry. The following is the analysis of mold experts on the progress of mold and 

related industries in 2022. 

1. In 2022, the demand for automotive parts in China will reach 180 billion yuan. 

According to the latest statistics from the China Association of Automobile Manufacturers, domestic automotive sales 

will reach 5.9 million in 2022, surpassing Japan's 5.8 million and Germany's 5.2 million, making it the second largest 

automotive and car market in the world, second only to the United States. In 2022, China will produce a total of 5.707 

million vehicles and sell 5.7582 million domestically produced vehicles, an increase of 12.55% and 13.5% respectively 

over 2021. In 2022, the sales volume of imported cars will only be 160,000. China's auto market ranks second in the 

world with a total volume of nearly 5.92 million vehicles. The auto parts market is even larger than the complete vehicle 

market. It supports the three fields of auto production, auto maintenance, and non-automotive internal combustion 

engine support, and can also supply international procurement. It is estimated that the domestic demand for automotive 

parts in China will reach 180 billion in 2022, and the precision mold manufacturing industry that provides equipment for 

the auto parts industry will also make rapid progress. 

2. In 2022, the computer and electronics information industry will enter a period of rapid development. 

In 2022, the added value of China's information industry will reach 1.14 trillion yuan, and the sales revenue will be 3.4 

trillion yuan, an increase of 27% over the previous year. Smartphones, color TVs, laser disc players, notebook computers 

and other major products all grew by more than 30%. In 2022, China's information industry will continue to develop 

rapidly, and the supply of informationindustry precision plastic molds will continue to exceed demand. 

3. Building materials, hardware, and plastic injection mold industries are booming. 

In 2022, the sales of small householdappliances in China will exceed 80 billion yuan, and it is expected to exceed 100 

billion yuan in 2022. The market prospects of agricultural machinery and food machinery are optimistic due to the 

promotion of solving the "three rural" problems." With the rapid development of the construction industry, there is 

a great demand for new building materials, and plastic molds such as special-shaped injection molds and plastic 

pipe molds will also gain Quick progress. 

4. The processing equipment market has demands for high-end, medium-end and low-end products. 

In 2022, there will be about 870 machine tool manufacturing enterprises (including forming machine tools) in China, with 

sales revenue of 59.1 billion yuan. The total output of machine tools reached 450,000 units, an increase of 12.7% over the 

previous year. Among them, the output of CNC machine tools reached about 60,000 units, a year-on-year increase of 14%. 

There are about 2,000 varieties of CNC cutting machine tools in China, and about 100 new varieties are added every year. 

It is estimated that the total consumption of domestic machine tools will reach 150 billion yuan (including forming machine 

tools) in 2022. Chinese precision mold manufacturing companies need to invest a lot of advanced equipment and vigorously 

improve the level of production technology and equipment. At present, foreign-funded enterprises mostly use injection mold 

processing equipment from Japan, Europe, and the United States. Private enterprises have gone through the accumulation 

stage at the initial stage of entrepreneurship, and with the improvement of plastic mould manufacturing level, their products 

have been upgraded from low-quality domestic or Taiwanese enterprises to Japanese and European plastic mold processing 

equipment. At present, Korean machine tools are more and more used in China mold industry, and domestic CNC machine 

tools have also begun to be used by some plastic mold manufacturer. The ratio of fixed asset investment to mold output in 

the plastic mold industry is roughly 1:1 on average, but for companies in a fast-growing period or with strong growth, the 

investment ratio can reach 1:1.5 or even 1:2. Among the investment in fixed assets, the investment in tooling and mold 

processing equipment accounts for more than 80%. 

5. In 2022, sales will increase by 80 billion yuan, indicating that the demand for plastic mould manufacturing processing 

equipment will be about 10 billion yuan. The investment of mold making company is long-term and continuous. Since plastic

 injection parts are divided into high-end, medium-end and low-end markets, mold processing equipment naturally caters to 

these markets. Mold processing currently focuses on improving the level of numerical control and computerization, gradually

 implementing three-dimensional design and five-axis processing, and optimistically adopting high-tech, and gradually 

moving towards the integration of CAD/CAE/CAM information network technology. The demand for cutting tools in China is 

8 billion yuan. At present, the global sales of cutting tools exceed 10 billion US dollars, and developed industrial markets 

such as Europe, North America, Japan, and Australia account for 75-80%. In Asia, China is also an important market. The 

demand for cutting tools in China is between 700-800 million yuan, of which the cost of modern high-precision, 

high-efficiency, high-reliability tools such as cemented carbide and ceramics is about 1.2 billion yuan. 80%-85% of these 

tools depend on imports, of which more than 90% are imported for precision mold manufacturing. 

6. For China's plastic mold manufacturer, CAD/CAE/CAM technology has matured. 

Mold CAD/CAE/CAM has become arelatively mature general-purpose technology, and the price of software and hardware has 

also dropped to a level that small and medium-sized enterprises can generally afford. With the popularization and application 

of computers and the introduction of computer software, the conditions for the popularization of CAD/CAM in the precision 

mold manufacturing industry have been met, and there will be rapid progress in the future. The integration and software of 

plastic injection mold CAD/CAE/CAM will be the direction of future development. Siemens, Fidia CNC system, UG software 

in the United States, Materialise in Belgium, U-LI software in Japan, Hitachi Zosen, Delcam in the United Kingdom, Cimatron 

in Israel and other enterprises in the Chinese market good performance. 

7. China’s die steel consumption is expected to reach 1 million tons. 

In recent years, China's steel demand has grown at a rate of 20%. According to a survey by the China Metallurgical Industry 

Association, the domestic output of alloy die steel in China will be 149,000 tons in 2022, and the total import of die steel will 

be about 60,000 tons. The annual demand for die steel is about 200,000 tons. From the perspective of the overall growth rate,

 there should be no problem in China's domestic alloy die steel market breaking through 300,000 tons in 2022. With the 

continuous progress of China's precision mold manufacturing industry, the import volume of high-quality plastic injection 

mold steel continues to increase, and it is expected that the import volume of mold steel will also increase significantly. The 

main sources of imported die steel are Japan, Germany, Sweden, Austria, South Korea and other countries. China's die steel is 

mainly divided into plastic die steel (about 50%), cold work die steel (about 28%), hot work die steel (about 20%), special 

performance steel (about 2%). Demand for these types of steel will also grow in tandem. The scale of China's die steel market

 continues to expand. According to the current growth rate, it is estimated that the consumption of die steel in China will 

reach 1 million tons by 2022. At present, plastic mold steel accounts for about 50% of China's plastic injection mold steel, 

and its demand is expected to further increase. However, the growth of China's domestic die steel production is not 

significant, and the import of high-end die steel continues to increase. Statistics show that imports mainly come from Japan, 

Germany, Sweden, Austria, South Korea and other countries. The direction of steel progress in the world is to improve the 

purity of steel. Vacuum degassing and electroslag remelting are widely used in die steel to ensure quality.