Micro Injection Molded Plastic Market - Trends Forecast Till 2028

Market Overview

The global Micro Injection Molded Plastic Market size is projected to reach a CAGR of 12.2% from 2022-2028.

Micro injection molding is a molding process for the manufacture of plastics components for shot weights of 1 to 0.1 grams with tolerances in the range of 10 to 100 microns. This molding process permits the manufacture of complicated small geometries with maximum possible accuracy and precision.

Increasing growth in automotive sector fuelling demand for micro injection molded plastic, rising demand from medical application and growing healthcare expenditure and favourable reimbursement scenarios, are some of the factors that have supported long-term expansion for Micro Injection Molded Plastic Market.

Regional Analysis

APAC is expected to be the largest micro injection molding machine market during the forecast period, in terms of value.

Insights are provided for each region and major countries within the regions

Competitive Landscape

Key Players

• Sumitomo Heavy Industries Limited
• Engel Austria GmbH
• Nissei Plastic Industrial Co., Ltd.
• Sodick Co., Ltd.
• Milacron Holdings Corp

Recent Developments

• August 2020-Avient corporation introduced injection moldable thermoplastic elastomers to is versaflex series. The product was formulated without animal derivatives and is able to serve a variety of medical devices applications.
• June 2020-Pcific plastic injection molding, a part of Diversified Plastics Inc. added 5,000 square feet of office and production space to its existing facility in California. This expansion was done to improve the production and safe operation.

Reasons to Acquire

• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Micro Injection Molded Plastic Market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope