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Micro Injection Molded Plastic Market Size

  • Report ID: GMI7215
  • Published Date: Oct 2023
  • Report Format: PDF

Micro Injection Molded Plastic Market Size

Micro Injection Molded Plastic Market was valued at USD 1.2 billion in 2023 and is anticipated to register a CAGR of over 11% between 2024 and 2032. As electronic devices become smaller and more compact, there is a growing need for micro-molded plastic components to fit within tight spaces. This includes components for smartphones, wearable devices, medical devices, and more

 

Micro Injection Molded Plastic Market

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The medical and healthcare industry relies on micro-injection molding for the production of precise and sterile components such as syringe barrels, catheters, and other medical devices. The demand for such products continues to rise with the aging global population and advancements in medical technology. The automotive industry uses micro-injection molding for producing small and intricate parts, including connectors, sensors, and interior components. As vehicles become more sophisticated with advanced electronics and sensors, the demand for micro-molded plastic parts increases.

 

Setting up the tooling and molds for micro-injection molding can be expensive, especially for small production runs. This initial cost can be a barrier for small and medium-sized enterprises (SMEs) and startups. The choice of the right material is crucial for micro-injection molding. Finding materials that meet the stringent requirements for micro-sized components can be challenging.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for micro injection molded plastic was USD 1.2 billion in 2023 and will register over 11% CAGR from 2024-2032 due to the growing need for micro-molded plastic components to fit within tight spaces, including within components for smartphones, wearable devices, medical devices, etc.

Micro injection molded plastic industry from the polycarbonate material segment reached USD 0.3 billion in 2022 on account of its optical clarity and high light transmission properties, making it ideal for applications where transparency is essential.

North America micro injection molded plastic industry recorded USD 0.2 billion in 2022 and is expected to register a significant CAGR from 2023-2032 owing to the growing aging population and the demand for medical devices, diagnostics, and drug delivery systems in the region.

3M, Isometric Micro Molding, Inc., MTD Micro Molding, Sil-Pro, LLC, Makuta Technics Inc., BMP Medical, and Rapidwerks, are some of the major micro injection molded plastic companies worldwide.

Micro Injection Molded Plastic Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 133
  • Countries covered: 20
  • Pages: 300
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