The Micro Injection Molded Plastic Global Market Report 2023, provides comprehensive information on the micro injection molded plastic market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Micro Injection Molded Plastic Market’s Growth:
As per The Business Research Company’s Micro Injection Molded Plastic Global Market Report 2023, the global micro injection molded plastic market size is expected to grow from $0.95 billion in 2022 to $1.07 billion in 2023 at a compound annual growth rate (CAGR) of 12.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The global micro injection molded plastic market size is expected to reach $1.70 billion in 2027 at a CAGR of 12.01%.
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Product innovations are the key trends gaining popularity in the micro injection molded plastic market. Major market players are concentrating their efforts on creating innovative technologies such as automation technologies such as robotic arms, vision systems, automated quality control systems, and advanced materials. For Instance, in February 2022, Omega Plastics, an India-based plastic injection molding solutions company installed a new precision specialized demag machinery, which supports complicated mold designs and manufacturing flexibility. The tool makes possible the smallest screw that can process conventional thermoplastic pellets for shot weights ranging from 0.1g to 9g is 14mm thickness. It enables customers to build components with dimensional accuracy requirements of a micron or less and makes it easier to achieve small shot weights and precision control.
The micro injection molded plastic market is segmented:
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
Asia-Pacific was the largest region in the micro injection molded plastic market in 2022.
The table of contents in TBRC’s micro injection molded plastic market report includes:
1.Executive Summary
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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