The resin shortage has injection molders and the larger plastics industry struggling to find balance. The late-February storm that blew into Texas and shut down 80% of U.S. resin production was the catalyst, but only one contributing factor.1
Industry authorities point to several reasons why resin supply and resin cost continue to fluctuate and how the ripple effect impacts suppliers and injection molders. A snapshot of current pricing illustrates the topsy-turvy landscape:
Confusion about which plastics align with a particular application can cause uncertainty about if and when to use custom injection molding. As a result, OEMs may not take advantage of how plastics benefit product design.
“Thermoplastic” and “thermoset” sound similar and both plastics categories offer choices appropriate for complex applications in a range of markets. However, it's the properties and processing behaviors of the materials within the categories that ultimately reveals the best choice for your injection molding project.
Insert molding is one of several injection molding processes that can provide effective solutions for a wide range of design and production needs.
Whether insert molding or another multi-material injection molding technique, such as overmolding, is the best option for you depends on factors including the component’s application, design, materials, and complexity. These factors have implications for consistency in molding across all injection molding processes.
The overall safety and performance of a vehicle is dependent, in part, on the plastic components used throughout the vehicle. Many people think that when it comes to cars, plastic parts are features like the dashboard, seats and floor mats. But thermoplastics are used in much more important places throughout a vehicle, many of them under the hood in the car’s powertrain and fuel systems.
With a stunning 75% of automotive manufacturers reporting business interruption caused by the COVID-19 shutdown of non-essential businesses, many are taking a hard look at the impact of supply chain globalization1. More specifically, automotive OEMs are either proactively reshoring or planning to reshore to protect their supply chains — and businesses — from the political and economic fallout created by the pandemic.