The global Polymer Microinjection Molding market is forecast to reach USD 2.16 Billion by 2027, according to a new report by Reports and Data. Polymer microinjection polymers are mainly used in the manufacture of products of small size that usually require ultra-fine molding resolution.
The new trend towards replacing phthalate-containing polymers such as PVC with thermoplastics combined with the growing demand for micro-materials has spurred the use of micro molding. The process takes relatively less time to mold the components. It uses feedstock at low prices. However, lack of awareness of the benefits offered by micro molding is expected to impede market growth over the years, mainly in underdeveloped countries.
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Further key findings from the report suggest
- Medical and healthcare applications dominated the market and represented 35.3% of the total market in 2019. The rapid evolution of microfluidics technology, mainly in North America and Europe, is expected to drive the market in the medical & healthcare segment over the forecast period.
- Molded products slowly replaced machined components that have traditionally been used in the industry. The rising trend of small devices, coupled with the increasing number of minimally invasive surgeries per day, has boosted demand from medical device manufacturers for micro-sized parts. Cost reductions are the main advantage of microinjection molding.
- North America emerged as the leading market, followed by Europe. U.S. application growth has been a critical factor for the penetration of micro molded polymer in the field.
- In the Asia Pacific, micro molding is still in its infancy process, with Japan taking much of the Asia Pacific market. However, the region has excellent growth potential in the near future and is expected to grow from 2019 to 2027 at an estimated 13.9% CAGR.
- Key participants include Accu-Mold LLC, ALC Precision, Stamm AG, Sovrin Plastics, American Precision Products, Makuta Technies Inc., Micromolding Solution Inc., Stack Plastic Inc., Precimold Incorporation, and Rapidwerks, among others.
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/polymer-microinjection-molding-market
For the purpose of this report, Reports and Data have segmented into the global Polymer Microinjection Molding market on the basis of type, product type, application, and region:
Type Outlook (Revenue, USD Billion; 2017-2027)
- Polyether Ether Ketone
- Polymethyl methacrylate
- Polyethylene
- Polyoxymethylene
- Liquid Crystal Polymer
- Polylactic Acid
Product Type Outlook (Revenue, USD Billion; 2017-2027)
- Thermosets
- Elastomers
- Thermoplastics
Application Outlook (Revenue, USD Billion; 2017-2027)
- Automotive
- Medical & Healthcare
- Telecom Fiber Optics
- Micro Drive System & Control
Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- U.S
- Europe
- U.K
- France
- Asia Pacific
- China
- India
- Japan
- MEA
- Latin America
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