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Crucial Considerations When Calculating Plastic Injection Mold Costs When you seek to calculate the cost of plastic injection molding, don’t forget that the price included on the quote is just one of the factors that matter. It’s important to consider the purchase price along with residual costs that will take effect after you’ve started using the mold and continue to occur throughout the life of the tool. Several parameters have a bearing on these two elements of your mold’s general costs. The purchase price of an injection mold will be dictated by the variables below: Component Size and Design
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The creation of large components requires large molds, and ultimately higher material costs. Similarly, an intricate mold design is necessary to match intricate component design, which normally increase overall costs. On the contrary, mold design requires less sophistication when the output is also less sophisticated in design, helping lower tool costs.
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Plastic Type Choice Use of some types of plastics may require the purchase of a more expensive mold. For example, plastic that’s volatile, corrosive or has abrasive components like mineral, glass, or carbon fiber may lead to higher tool costs. This is also the case with plastics needing high tool temperatures. Such factors could also affect long-term maintenance costs of the tool. Part Tolerance Specifications In case the components to be output have tight tolerance specifications, the manufacturing process will be longer. The costs of maintenance on top of manufacture will consequently increase. Annual Volume When purchasing for a high-volume applications (implying more hours, not number of parts), the mold needs to be of superior quality for dependable function, which for sure increases the cost. Likewise, expect higher costs of manufacture for a tool with a higher number of cavities. Cycle Time Preferences When fast tool cycles are preferred, there’s need for consistent cooling throughout the entire cavity impression, or in each cavity in the case of multi-cavity molds. To accomplish this, excellent tooling design and superior build are necessary, both which contribute to increased tool machining costs, and maintenance costs in certain scenarios. Country of Manufacture The country where your plastic injection mold was made can determine the costs and quality you may expect. For instance, cost of injection molding in China might be lower than in other countries. Nonetheless, take quality into account as you assess the cost of local vs. outsourced plastic injection molding. To steer clear of the issues associated with some lower-cost molds, you should strike a fair balance when it comes to careful consideration cost, quality, and your particular requirements prior to making the ultimate choice. Do you want to buy low cost injection molding? The total cost of the tool you purchase will be influenced by the variables above.