Micro Injection Molded Plastic Market Growth, Analysis, New Trends And Forecast 2024-2033

Overview and Scope

Micro injection molded plastic refers to plastic that is molded using the micro injection molding technique. Micro injection molding is used for manufacturing very small parts and components such as hearing aids, septum, pressure-sensing diaphragms, surgical devices, and wearable drug-delivery devices.

 

Sizing and Forecast

The micro injection molded plastic market size has grown rapidly in recent years. It will grow from $1.07 billion in 2023 to $1.21 billion in 2024 at a compound annual growth rate (CAGR) of 12.6%.  The growth in the historic period can be attributed to automotive lubricants, metalworking fluids, rubber processing, increased textile applications, plasticizers production, metal protection.

 

The micro injection molded plastic market size is expected to see rapid growth in the next few years. It will grow to $1.89 billion in 2028 at a compound annual growth rate (CAGR) of 11.9%.  The growth in the forecast period can be attributed to growing automotive industry, demand for specialty lubricants, expansion of metalworking industry, adoption of bio-based plastics, increasing textile production. Major trends in the forecast period include technological advancements in production, market consolidation and strategic alliances, adoption of bio-based plastics, grease formulations, sustainable and bio-based alternatives.

 

To access more details regarding this report, visit the link:

https://www.thebusinessresearchcompany.com/report/micro-injection-molded-plastic-global-market-report

 

Segmentation & Regional Insights

The micro injection molded plastic market covered in this report 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 2023. The regions covered in the micro injection molded plastic market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

 

Intrigued to explore the contents? Secure your hands-on sample copy of the report:

https://www.thebusinessresearchcompany.com/sample.aspx?id=10418&type=smp

 

Major Driver Impacting Market Growth

Growth in the automotive sector is expected to propel the growth of the micro injection molded plastic market going forward. Automotive refers to all forms of mobile machinery, including automobiles, trucks, buses, vans, motorbikes, and golf carts. Microinjection molding plastic is used in the automotive industry to produce small parts such as fenders, grilles, bumpers, door panels, floor rails, light housings, gears, housings, and connectors. This is due to the need for lightweight materials, high-precision parts, and more complex designs. In electric vehicles, electronic components, such as DC converter, all-electric auxiliary, electric traction motor, traction battery pack, and electric gearbox use micro injection molded plastic. For Instance, in February 2023, according to European Automobile Manufacturers Association (ACEA), a Belgium-based group for the automobile industry in European Union, in 2022, over 68 million passenger cars were produced globally, an increase of 7.9% from 2021. Additionally, in September 2022, according to International Energy Agency a France-based intergovernmental organization, sales of electric vehicles nearly doubled to 6.6 million, representing a sales share of approximately 9%, compared to 2020, bringing the number of electric cars on the road to 16.5 million in total. Therefore, growth in the automotive sector is driving the growth of micro injection molded plastic.

 

Key Industry Players

Major companies operating in the micro injection molded plastic market report are Accumold LLC, Isometric Micro Molding Inc., Makuta Micro Molding Inc., Precimold Inc., MTD Micro Molding Inc., Microsystems Precision Medical Moulds, Veejay Plastics Injection Molding Company, Knightsbridge Plastics Inc., Polymermedics Ltd., Manner Plastics LP, Microdyne Plastics Inc., SMC Ltd., Mikrotech LLC, Sovrin Plastics Ltd., Stack Plastics Inc., 3A Composites, D&M Plastics LLC, Exxon Mobil Corporation, Badische Anilin- und Sodafabrik SE, INEOS Group Holdings SA, Spectrum Plastics Group Inc., LyondellBasell Industries Holdings B.V., Paragon Medical Inc., GSH Industries Inc., Rogan Corporation, Saudi Basic Industries Corporation, BMP Medical Ltd., Precikam Inc., Precission Micro molding LLC, Micromold Inc.

 

The micro injection molded plastic market report table of contents includes:

1. Executive Summary
2. Micro Injection Molded Plastic Market Characteristics
3. Micro Injection Molded Plastic Market Trends And Strategies
4. Micro Injection Molded Plastic Market – Macro Economic Scenario
5. Global Micro Injection Molded Plastic Market Size and Growth
6. Micro Injection Molded Plastic Market Segmentation
7. Micro Injection Molded Plastic Market Regional And Country Analysis

………………

33. Key Mergers And Acquisitions In The Micro Injection Molded Plastic Market
34. Micro Injection Molded Plastic Market Future Outlook and Potential Analysis
35. Appendix

 

List Of Tables:

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Micro Injection Molded Plastic Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Micro Injection Molded Plastic Market, Segmentation By Machine Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Micro Injection Molded Plastic Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

………….

Table 74: Accumold LLC Financial Performance

Table 75: Isometric Micro Molding Inc. Financial Performance

Table 76: Makuta Micro Molding Inc. Financial Performance

Table 77: Precimold Inc. Financial Performance

Table 78: MTD Micro Molding Inc. Financial Performance

 

Explore the trending research reports from TBRC:

https://goodprnews.com/homeopathy-market-share/

https://topprnews.com/immunodiagnostics-market-insights/

 

Learn About Us:

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.

 

Contact Us:

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 88972 63534

Americas: +1 315 623 0293

Email: info@tbrc.info

 

Follow Us On:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

Twitter: https://twitter.com/tbrc_info

Facebook: https://www.facebook.com/TheBusinessResearchCompany

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Blog: https://blog.tbrc.info/

Healthcare Blog: https://healthcareresearchreports.com/

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model