The 2-shot injection molding process uses a single injection molding machine and a single injection mold to make a part with two or more polymer resins in just one cycle. The demand for 2-shot injection molding has been considerably high in the past few years, because it allows the manufacture of highly precise parts with exact repeatability using a single tool. Thus, the global 2-shot injection molding market is expected to reach $11.5 billion by the end of 2024 as in comparison with $6.6 billion by the end of 2015, witnessing a CAGR of 6.5% from 2016 to 2024, according to a recent market report from Transparency Market Research. In terms of application, the global 2-shot injection molding market is segmented into medical, automotive, consumer goods, industrial, packaging, and electrical and electronics. The automotive segment accounted for a major market share, with nearly 20% of the overall market in 2015, in terms of revenue. The demand for 2-shot injection molding in this segment is anticipated to remain high during the forecast period. The medical industry is reportedly projected to be the next big application segment of 2-shot injection molding processes. This application segment is expected to grow at a CAGR of 7.7% in the next few years. The overall increase in the pool of geriatrics and growing medical industry are expected to drive this application segment in the coming years. In terms of geography, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Europe held the largest share, with nearly 30% of the overall market in 2015. This region is projected to maintain its dominance as it will focus on product differentiation in the coming years to stay ahead of the competition. Germany is anticipated to propel the regional market by exhibiting a soaring demand for polymers that are used in 2-shot injection molding processes of the automotive industry of the country. The global market is being propelled by the cost-effectiveness of 2-shot injection molding as it allows the production of two parts in just one operation process. Thus, the advantage of a reduced cost of production is projected to drive the overall market during the forecast period. The global market is also being driven by the rising pressure from several governments around the world to recycle plastics. The strict government regulations related to the use of plastics has forced industries to reuse the materials used in manufacturing. Hence, the new rules work in tandem with 2-shot injection molding process that uses recycled plastic for making parts with same look and property. The key players in the global 2-shot injection molding market include Rogan Corporation, Bemis Manufacturing Company, Nyloncraft, Inc., Gemini Group, Inc. Biomedical Polymers Inc., Carclo Technical Plastics, Yomura Technologies, and Evco Plastics, etc.