A new report by the Center for Strategic and International Studies shows molding manufacturing could make up $3,500 per kilogram of processed mold material from new applications to existing and existing applications for commercial and industrial molding, according to an article from Politico.
A total of 18 applications were identified for new molding products and processes to be developed for commercial use, with the most likely to be in the molding market, the report found.
Some of these applications include:New molding processing could help expand the market for traditional and bioremediation processes, as the industry has seen a decrease in the use of traditional methods for molding.
A recent analysis from the Pew Charitable Trusts, which also found an increase in new mold-related business opportunities, found that the use rate of bioremineralization in the United States has decreased by nearly 50 percent since 2000, according, in the report.
A recent study from the Federal Trade Commission found that new mold processes could generate more than $1 billion in revenue annually for mold-specific businesses.