The global micro injection molded plastic market is anticipated to grow at a considerable CAGR of around 11.1% during the forecast period (2024-2031). The key factors driving the global micro injection molded plastic market growth include the increased demand for injection molded plastic in various industries such as automotive, medical & healthcare, packaging, electronics and others. Automotive manufacturers are focused towards reducing the weight of vehicle fleet by replacing metals and alloys body parts with plastic and thereby provide an opportunity for the injection molded plastic to grow in future. Further, there is rise in demand for injection molded plastic in consumer electronic appliances such as laptops and cellular phones. The monitor, mouse and keyboard are all made with injection molded plastic. The production of computer parts through injection molding in China gives optimum benefits to product due to the fact that companies in China uphold the best standards in quality and quantity in order to meet the expectations of the consumers, which gives an opportunity for injection molding plastic market to grow in China.
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In January 2021, Husky Technologies released UltraShot Injection System. This innovative system reduces the insufficiencies of traditional injection molding procedure to offer further convenience for manufacturers to mold perfectly each part of the product. It is a perfect fit for medical, packaging and consumer electronic parts to implement efficient process which will result in the growth of the micro injection molded plastic market during forecast.
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Market Coverage
- Segment Covered-
o By Types
o By Application
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- 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.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Micro Injection Molded Plastic Market Report by Segment
By Types
- Liquid-Crystal Polymer (LCP)
- Polyether Ether Ketone (PEEK)
- Polycarbonate (PC)
- Polyoxymethylene (POM)
- Polyethylene (PE)
- Others (Polymethylmethacrilate, Polyamide)
By Application
- Medical & Healthcare
- Automotive
- Telecom & Optics
- Aerospace & Defense
- Packaging
- Others (Electronics, Construction)
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