Market Overview:
Micro injection molding is a process of manufacturing small plastic parts with intricate details. The global micro injection molding market is expected to grow at a CAGR of 7.5% during the forecast period 2018-2030. The growth in this market can be attributed to the increasing demand for medical devices and rising adoption of micro injection molded products in various industries such as automotive, electrical & electronics, and consumer goods. The global micro injection molding market by type is segmented into PEEK, PVC, PE, and others. Among these types, PEEK held the largest share in 2017 owing to its superior properties such as high strength-to-weight ratio and chemical resistance. PVC is projected to be the fastest growing type during the forecast period due to its low cost and easy availability. The global micro injection molding market by application is segmented into biology & medical devices; industry (including automotive components, electrical & electronics components etc.,); consumer goods (including housewares/appliances etc.,); and others (including military applications). Medical devices held the largest share in 2017 owing to their growing demand for miniaturization across different applications such as diagnostics & therapeutics segments. Industry accounted for second largest share in 2017 on account of increasing demand for miniaturized components across different sectors such as aerospace & defense sector .
Product Definition:
Micro Injection Molding is a process that is used to create very small parts. The importance of Micro Injection Molding is that it allows for the creation of very small parts with a high degree of accuracy.
PEEK:
Polyether Ether Ketone (PEEK) is a polymer, which has excellent mechanical properties and thermal stability. It also provides good electrical insulation and chemical resistance. PEEK is widely used in the medical industry for manufacturing surgical instruments due to its high strength, biocompatibility & sterilizability characteristics.
The global micro injection molding market size was valued at USD 3,15 billion in 2015.
PVC:
Polyvinyl Chloride (PVC) is a thermoplastic polymer that is widely used in the production of plastic goods. It can be processed through injection molding, extrusion, and blow molding. PVC has good chemical & temperature resistance along with high flexibility and strength making it suitable for various end-use industries such as construction, automotive interiors & exteriors, medical devices & equipment among others.
Application Insights:
The industry is segmented on the basis of application into biology, medical, industry and others. The medical application segment led the global micro injection molding market in 2017 and is projected to witness significant growth over the forecast period. This can be attributed to increasing demand for injectable polymers for various applications such as drug delivery systems & implants.
Micro injection molding has emerged as an effective technique for producing biocompatible components with high mechanical strength and stability which are required in a wide range of medical devices & equipment. It has also enabled manufacturers to reduce component size while maintaining their design specifications thus improving their competitiveness in both domestic and foreign markets.
Medical device manufacturers are particularly opting for micro injections due to several benefits including reduced part count, cost savings by reducing tooling costs, shorter lead time on production runs along with improved quality control measures leading towards higher product reliability which eventually leads to increased adoption of this technology across all types of manufacturing sectors especially within developed economies like U.S.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, such as China, India, Indonesia and Malaysia. These countries are witnessing strong economic growth owing to various factors such as increasing disposable income of consumers and rapid industrialization & urbanization. Moreover, these developing nations have a large base of aging population that requires medical interventions at regular intervals which will drive demand for medical components over the forecast period.
The Asia Pacific regional market includes major countries like Japan; South Korea; Taiwan; Singapore; Australia and New Zealand among others that are likely to contribute significantly towards industry development through their respective product applications in different industries including biomedical & healthcare (endoscopes), electronics (microelectronics), automotive (valves) among others.
Growth Factors:
- Increasing demand for miniaturization in electronic devices
- Growing trend of disposable medical devices
- Rising popularity of 3D printing technology
- Proliferation of nanotechnology and MEMS (micro-electro-mechanical systems) products
- Development of novel materials for micro injection molding
Scope Of The Report
Report Attributes
Report Details
Report Title
Micro Injection Molding Market Research Report
By Type
PEEK, PVC, PE, Others
By Application
Biology, Medical, Industry, Others
By Companies
SMC, BMP Medical, Stamm AG, MicroPEP, MTD Micro Molding, PEXCO, Sovrin Plastics, Accumold, Microsystems, Makuta Technics, Stack Plastics, Precimold, American Precision Products, Rapidwerks
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Micro Injection Molding Market Report Segments:
The global Micro Injection Molding market is segmented on the basis of:
Types
PEEK, PVC, PE, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Biology, Medical, Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- SMC
- BMP Medical
- Stamm AG
- MicroPEP
- MTD Micro Molding
- PEXCO
- Sovrin Plastics
- Accumold
- Microsystems
- Makuta Technics
- Stack Plastics
- Precimold
- American Precision Products
- Rapidwerks
Highlights of The Micro Injection Molding Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- PEEK
- PVC
- PE
- Others
- By Application:
- Biology
- Medical
- Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Micro Injection Molding Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Micro Injection Molding is a manufacturing process that uses very small injection molding machines to create objects from plastic. The machines use a variety of techniques to create intricate and detailed products.
Some of the key players operating in the micro injection molding market are SMC, BMP Medical, Stamm AG, MicroPEP, MTD Micro Molding, PEXCO, Sovrin Plastics, Accumold, Microsystems, Makuta Technics, Stack Plastics, Precimold, American Precision Products, Rapidwerks.
The micro injection molding market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Micro Injection Molding Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Micro Injection Molding Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Micro Injection Molding Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Micro Injection Molding Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Micro Injection Molding Market Size & Forecast, 2018-2028 4.5.1 Micro Injection Molding Market Size and Y-o-Y Growth 4.5.2 Micro Injection Molding Market Absolute $ Opportunity
Chapter 5 Global Micro Injection Molding Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Micro Injection Molding Market Size Forecast by Type
5.2.1 PEEK
5.2.2 PVC
5.2.3 PE
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Micro Injection Molding Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Micro Injection Molding Market Size Forecast by Applications
6.2.1 Biology
6.2.2 Medical
6.2.3 Industry
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Micro Injection Molding Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Micro Injection Molding Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Micro Injection Molding Analysis and Forecast
9.1 Introduction
9.2 North America Micro Injection Molding Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Micro Injection Molding Market Size Forecast by Type
9.6.1 PEEK
9.6.2 PVC
9.6.3 PE
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Micro Injection Molding Market Size Forecast by Applications
9.10.1 Biology
9.10.2 Medical
9.10.3 Industry
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Micro Injection Molding Analysis and Forecast
10.1 Introduction
10.2 Europe Micro Injection Molding Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Micro Injection Molding Market Size Forecast by Type
10.6.1 PEEK
10.6.2 PVC
10.6.3 PE
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Micro Injection Molding Market Size Forecast by Applications
10.10.1 Biology
10.10.2 Medical
10.10.3 Industry
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Micro Injection Molding Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Micro Injection Molding Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Micro Injection Molding Market Size Forecast by Type
11.6.1 PEEK
11.6.2 PVC
11.6.3 PE
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Micro Injection Molding Market Size Forecast by Applications
11.10.1 Biology
11.10.2 Medical
11.10.3 Industry
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Micro Injection Molding Analysis and Forecast
12.1 Introduction
12.2 Latin America Micro Injection Molding Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Micro Injection Molding Market Size Forecast by Type
12.6.1 PEEK
12.6.2 PVC
12.6.3 PE
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Micro Injection Molding Market Size Forecast by Applications
12.10.1 Biology
12.10.2 Medical
12.10.3 Industry
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Micro Injection Molding Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Micro Injection Molding Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Micro Injection Molding Market Size Forecast by Type
13.6.1 PEEK
13.6.2 PVC
13.6.3 PE
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Micro Injection Molding Market Size Forecast by Applications
13.10.1 Biology
13.10.2 Medical
13.10.3 Industry
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Micro Injection Molding Market: Competitive Dashboard
14.2 Global Micro Injection Molding Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SMC
14.3.2 BMP Medical
14.3.3 Stamm AG
14.3.4 MicroPEP
14.3.5 MTD Micro Molding
14.3.6 PEXCO
14.3.7 Sovrin Plastics
14.3.8 Accumold
14.3.9 Microsystems
14.3.10 Makuta Technics
14.3.11 Stack Plastics
14.3.12 Precimold
14.3.13 American Precision Products
14.3.14 Rapidwerks