The global micro injection molded plastic market is anticipated to grow at a considerable CAGR of around 11.1% during the forecast period (2022-2028). 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
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
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)
Global Micro Injection Molded Plastic Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
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.
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