Micro Injection Molded Plastic Market
Global Micro Injection Molded Plastic Market Size, Share & Trends Analysis Report by Types (Liquid-Crystal Polymer (LCP), Polyether Ether Ketone (PEEK), Polycarbonate (PC), Polyoxymethylene (POM), Polyethylene (PE), and Others) By Application (Medical & Healthcare, Automotive, Telecom & Optics, Aerospace & Defense, Packaging, and Others) Forecast Period (2022-2028). Update Available - Forecast 2024-2030
The global micro injection molded plastic market is anticipated to grow at a significant CAGR of 11.1% during the forecast period. The major factor driving the micro injection molded plastic market is the shift of medical industry towards nanotechnology and miniaturization, which results in rising demand for highly precise molds, effective for performing medical procedures. Micromolding technology assists miniaturization of things and individual constituents to be very accurate and this accuracy is considered significant in the construction of medical devices. With the increased use of small tools in surgeries, the demand for molded components has increased due to which the medical device manufacturers are working to produce superior quality tools through micro injection molding to save the lives.
Apart from these, the rising demand from automotive industry owing to the growing adoption of electric vehicles is the another prominent factor for the market growth. However, the high cost associated with maintenance of machines may restrains the market growth.
Impact of COVID-19 Pandemic on Global Micro Injection Molded Plastic Market
The COVID-19 pandemic has impacted amlost every country on the globe. The micro injection molded plastic market had shown a negative growth during COVID-19 due to disturbance in the overall supply chain. Due to restrictions imposed by lockdown there was a decline in the demand from automotive, building & construction, electronics and others end-user verticals. As the lockdown has restricted the manufacturing in almost every industry owing to which there was decrease in demand for micro injection molded plastic. However, there was a rise in the demand in medical sector. The micro injection molding played an essential role by providing PPE, medical devices and parts for ventilators during COVID-19, owing to which the impact of decrease in demand in other application segments was reduced upto a certain extent.
Segmental Outlook
The global micro injection molded plastic market is segmented based on the types and application. Based on the types, the market is sub-segmented intoLCP, PEEK, PC, POM, PE, ans Others (Polymethylmethacrilate, Polyamide) . Based on the application, the market is sub-segmented into the medical & healthcare, automotive, telecom & optics, aerospace & defense, packaging, and others. Out of application segment, the medical & healthcare segment is expected to hold the prominent share in global micro injection molding market during the forecast period owing to the rising demand from medical applications.
Global Micro Injection Molded Plastic Market Share by Application, 2021 (%)
The Medical & Healthcare Holds the Prominent Share in the Global Micro Injection Molded Plastic Market.
Based on application, the medical & healthcare application held the significant share in micro injection molding plastic market in 2020. The segment is further likely to show notable growth. As the medical equipment gets more miniaturized, they count on micro injection molded constituents to deliver crucial patient care. Micro molds are used in various medical equipments such as surgical devices, catheters, hearing aids, diabetes management devices and others. Hence, market players are adopting various strategies to provide solutions for medical application of micro injection molding plastic. For instance, in May 2019, Eptam Precision Solutions acquired Micro Molding Inc. and its subsidiary MedConnection LLC. to enhance its proficiencies for injection molding, catheter tipping and assembly in the medical device market. The acquisition was focused on development of medical components using micro injection molded plastic for hip, knee & spinal implants, shoulder anchors fusion devices and more.
Regional Outlooks
The global micro injection molded plastic market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, North America dominated the market in 2020, and it is expected that the region will again maintain its dominance by accounting highest share. The regional growth is attributed to the technological advancement in the medical industry, increasing demand in the automotive sector, and presence of major market players such as Accumold LLC, Precimold Inc., and Paragon Medical.
Global Micro Injection Molded Plastic Market Growth, by Region 2022-2028
The Asia-Pacific Region is estimated to Hold the Prominent Share in the Global Micro Injection Molded Plastic Market.
The Asia-Pacific is likely to hold the prominent share in global micro injection molded plastic market due to increased use of injection molded plastic in automotive, medical and construction industry. The increasing economic growth in Asia-Pacific region and consumer inclination towards efficient and smart buildings have forced manufacturers to develop high-performance products forconstruction industry. China, India, and Japan are the kay countries contributing in the growth of the market due to increasing manufacturing facilities along with increased population. For instance, in January 2020, Victrex announced the joint venture between its subsidiary, Victrex Hong Kong and Xingfu Chemical Co. to operate a new PEEK polymer manufacturing unit in Liaoning, China. PEEK is a type of plastic which is used in micro injection molding and contains physical properties such as flexural strength and tensile strength even at high tempetaures.
Market Players Outlook
The major companies serving the global micro injection molded plastic market include Accu-Mold LLC, Isometric Micro Molding., Knightsbridge Plastics Inc., Makuta, Inc., Microdyne Plastics Inc., Microsystems UK, MTD Micro Molding, Otto Männer GmbH, Polymermedics Ltd., SMC Ltd. and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in January 2021 Springboard Manufacturing, acquired Stack Plastics to continue its growth as a medical products custom injection molder. The acquisition allows Spingboard to further enter in the medical products market with addition of micromolding. The joint business has the production units in California and Indiana with over 130 injection molding presses extending from 25 tons to 1300 tons.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global micro injection molded plastic market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Micro Injection Molded Plastic Market
• Recovery Scenario of Global Micro Injection Molded Plastic Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Accu-Mold LLC
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Isometric Micro Molding.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Otto Männer GmbH
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Polymermedics Ltd.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Paragon Medical
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Key Strategy Analysis
3.7. Impact of Covid-19 on Key Players
4. Market Segmentation
4.1. Global Micro Injection Molded Plastic Market by Types
4.1.1. Liquid-Crystal Polymer (LCP)
4.1.2. Polyether Ether Ketone (PEEK)
4.1.3. Polycarbonate (PC)
4.1.4. Polyoxymethylene (POM)
4.1.5. Polyethylene (PE)
4.1.6. Others (polymethylmethacrilate, polyamide)
4.2. Global Micro Injection Molded Plastic Market by Application
4.2.1. Medical & Healthcare
4.2.2. Automotive
4.2.3. Telecom & Optics
4.2.4. Aerospace & Defense
4.2.5. Packaging
4.2.6. Others (Electronics, Construction)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. American Precision Products
6.2. D&M Plastics, LLC.
6.3. Knightsbridge Plastics Inc.
6.4. Makuta, Inc.
6.5. Matrix Plastic Products, Inc.
6.6. Microdyne Plastics Inc.
6.7. Microsystems UK
6.8. MTD Micro Molding
6.9. MW Industries, Inc.
6.10. SMC Ltd.
6.11. Sovrin Plastics
6.12. Spectrum Plastics Group.
6.13. Stack Plastics
6.14. WITTMANN Technology GmbH
6.15. YOMURA TECHNOLOGIES, INC.
1. GLOBAL MICRO INJECTION MOLDED PLASTIC MARKET RESEARCH AND ANALYSIS BY TYPES, 2021-2028 ($ MILLION)
2. GLOBAL LCP IN MICRO INJECTION MOLDED PLASTIC MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL PEEK IN MICRO INJECTION MOLDED PLASTIC MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL PC IN MICRO INJECTION MOLDED PLASTIC MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL POM IN MICRO INJECTION MOLDED PLASTIC MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL PE IN MICRO INJECTION MOLDED PLASTIC MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL OTHERS (POLYMETHYLMETHACRILATE, POLYAMIDE)IN MICRO INJECTION MOLDED PLASTIC MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL MICRO INJECTION MOLDED PLASTIC MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
9. GLOBAL MICRO INJECTION MOLDED PLASTIC IN MEDICAL & HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL MICRO INJECTION MOLDED PLASTIC IN AUTOMOTIVE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL MICRO INJECTION MOLDED PLASTIC IN TELECOM & OPTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL MICRO INJECTION MOLDED PLASTIC IN AEROSPACE & DEFENSE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL MICRO INJECTION MOLDED PLASTIC IN PACKAGING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL MICRO INJECTION MOLDED PLASTIC IN OTHER APPLICATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. GLOBAL MICRO INJECTION MOLDED PLASTIC MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
16. NORTH AMERICAN MICRO INJECTION MOLDED PLASTIC MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
17. NORTH AMERICAN MICRO INJECTION MOLDED PLASTIC MARKET RESEARCH AND ANALYSIS BY TYPES, 2021-2028 ($ MILLION)
18. NORTH AMERICAN MICRO INJECTION MOLDED PLASTIC MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
19. EUROPEAN MICRO INJECTION MOLDED PLASTIC MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
20. EUROPEAN MICRO INJECTION MOLDED PLASTIC MARKET RESEARCH AND ANALYSIS BY TYPES, 2021-2028 ($ MILLION)
21. EUROPEAN MICRO INJECTION MOLDED PLASTIC MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
22. ASIA-PACIFIC MICRO INJECTION MOLDED PLASTIC MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
23. ASIA-PACIFIC MICRO INJECTION MOLDED PLASTIC MARKET RESEARCH AND ANALYSIS BY TYPES, 2021-2028 ($ MILLION)
24. ASIA-PACIFIC MICRO INJECTION MOLDED PLASTIC MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
25. REST OF THE WORLD MICRO INJECTION MOLDED PLASTIC MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
26. REST OF THE WORLD MICRO INJECTION MOLDED PLASTIC MARKET RESEARCH AND ANALYSIS BY TYPES, 2021-2028 ($ MILLION)
27. REST OF THE WORLD MICRO INJECTION MOLDED PLASTIC MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL MICRO INJECTION MOLDED PLASTIC MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL MICRO INJECTION MOLDED PLASTIC MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL MICRO INJECTION MOLDED PLASTIC MARKET, 2021-2027 (%)
4. GLOBAL MICRO INJECTION MOLDED PLASTIC MARKET SHARE BY TYPES, 2021 VS 2028 (%)
5. GLOBAL LCP IN MICRO INJECTION MOLDED PLASTIC MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL PEEK IN MICRO INJECTION MOLDED PLASTIC MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL PC IN MICRO INJECTION MOLDED PLASTIC MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8. GLOBAL POM IN MICRO INJECTION MOLDED PLASTIC MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL PE IN MICRO INJECTION MOLDED PLASTIC MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL OTHERS (POLYMETHYLMETHACRILATE, POLYAMIDE) IN MICRO INJECTION MOLDED PLASTIC MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL MICRO INJECTION MOLDED PLASTIC MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
12. GLOBAL MICRO INJECTION MOLDED PLASTIC IN MEDICAL & HEALTHCARE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. GLOBAL MICRO INJECTION MOLDED PLASTIC IN AUTOMOTIVE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. GLOBAL MICRO INJECTION MOLDED PLASTIC IN TELECOM & OPTICS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. GLOBAL MICRO INJECTION MOLDED PLASTIC IN AEROSPACE & DEFENSE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
16. GLOBAL MICRO INJECTION MOLDED PLASTIC IN PACKAGING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
17. GLOBAL MICRO INJECTION MOLDED PLASTIC IN OTHER APPLICATIONS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
18. GLOBAL MICRO INJECTION MOLDED PLASTIC MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
19. US MICRO INJECTION MOLDED PLASTIC MARKET SIZE, 2021-2028 ($ MILLION)
20. CANADA MICRO INJECTION MOLDED PLASTIC MARKET SIZE, 2021-2028 ($ MILLION)
21. UK MICRO INJECTION MOLDED PLASTIC MARKET SIZE, 2021-2028 ($ MILLION)
22. FRANCE MICRO INJECTION MOLDED PLASTIC MARKET SIZE, 2021-2028 ($ MILLION)
23. GERMANY MICRO INJECTION MOLDED PLASTIC MARKET SIZE, 2021-2028 ($ MILLION)
24. ITALY MICRO INJECTION MOLDED PLASTIC MARKET SIZE, 2021-2028 ($ MILLION)
25. SPAIN MICRO INJECTION MOLDED PLASTIC MARKET SIZE, 2021-2028 ($ MILLION)
26. REST OF EUROPE MICRO INJECTION MOLDED PLASTIC MARKET SIZE, 2021-2028 ($ MILLION)
27. INDIA MICRO INJECTION MOLDED PLASTIC MARKET SIZE, 2021-2028 ($ MILLION)
28. CHINA MICRO INJECTION MOLDED PLASTIC MARKET SIZE, 2021-2028 ($ MILLION)
29. JAPAN MICRO INJECTION MOLDED PLASTIC MARKET SIZE, 2021-2028 ($ MILLION)
30. SOUTH KOREA MICRO INJECTION MOLDED PLASTIC MARKET SIZE, 2021-2028 ($ MILLION)
31. REST OF ASIA-PACIFIC MICRO INJECTION MOLDED PLASTIC MARKET SIZE, 2021-2028 ($ MILLION)
32. REST OF THE WORLD MICRO INJECTION MOLDED PLASTIC MARKET SIZE, 2021-2028 ($ MILLION)
