What is the Forecast for the Global Micro Injection Molded Plastic Market Size?
The micro injection molded plastic market size has witnessed aggressive growth in recent years, rising from $1.2 billion in 2024 to a projected $1.35 billion in 2025, registering a compound annual growth rate (CAGR) of 12.4% during this phase. Multiple factors contributed to this growth, including increased production in automotive lubricants, metalworking fluids, and applications in the textile sector.
The market’s rapid expansion is predicted to continue, anticipated to reach $2.16 billion by 2029, marking a compound annual growth rate (CAGR) of 12.4%. This projected growth is due to the growing automotive industry, the demand for specialty lubricants, and the expansion of the metalworking industry, among other factors.
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What are the Key Drivers Behind the Growth of the Micro Injection Molded Plastic Market?
The robust growth of the automotive sector is fueling the expansion of the micro injection molded plastic market. Micro injection molded plastic is extensively used in the automotive industry for the creation of lightweight, high-precision, and complex components such as fenders, grilles, bumpers, door panels, floor rails, light housings, gears, housings, and connectors.
The surge in demand for micro injection molded plastic has been attributed to the rise in electric vehicle production, where it is used in components like DC converters, all-electric auxiliaries, electric traction motors, traction battery packs, and electric gearboxes. The boost in the automotive sector is hence driving the growth of micro injection molded plastic.
How is the Micro Injection Molded Plastic Market Segmented?
Given below are the key segments of the micro injection molded plastic market:
1) By Types: Liquid-Crystal Polymer (LCP), Polyether Ether Ketone (PEEK), Polycarbonate (PC), Polyethylene (PE), Polyoxymethylene (POM), Polymethyl Methacrylate (PMMA), Polyetherimide (PEI), Polybutylene Terephthalate (PBT), Other Types
2) By Machine type: All-Electric Injection Molding Machines, Hybrid Injection Molding Machines, Hydraulic Injection Molding Machine
3) By Application: Medical, Automotive, Optics, Electronics, Other Applications
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Who Are Some Major Players in the Global Micro Injection Molded Plastic Market?
Prominent companies in the micro injection molded plastic market include Accumold LLC, Isometric Micro Molding Inc., Makuta Micro Molding Inc., Precimold Inc., MTD Micro Molding Inc., Microsystems Precision Medical Moulds, and Veejay Plastics Injection Molding Company, among others.
What Are the Key Trends Emerging in the Micro Injection Molded Plastic Market?
Product innovation is a prominent trend in the micro injection molded plastic market. The industry’s leading players are focusing on developing innovative technologies like automation equipment, robotic arms, vision systems, automated quality control systems, and advanced materials.
How is the Regional Market for Micro Injection Molding Plastic Performing?
In 2024, Asia-Pacific held the dominant share in the global micro injection molded plastic market. The other regions considered in this report include Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Micro Injection Molded Plastic Market Report 2025 Offer?
Micro injection molded plastic involves the molding of small components and parts using plastic material. This technique is widely used to make small parts used in hearing aids, septum, pressure-sensing diaphragms, surgical devices, and wearable drug-delivery devices among others. The Micro Injection Molded Plastic Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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