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Micro Injection Molded Plastic Market Trends

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

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Micro Injection Molded Plastic Market Trends

The trend of miniaturization in various industries, including electronics, medical devices, and automotive, is driving the demand for micro injection molded plastic components. As products become smaller and more complex, the need for precise, small plastic parts continues to grow.

The medical and healthcare sector is a significant driver of the micro injection molded plastic industry. The demand for micro-molded components for medical devices, diagnostics, and drug delivery systems is rising due to advancements in healthcare technology and an aging population. Advancements in polymer technology have led to the development of high-performance materials suitable for micro injection molding. These materials offer enhanced mechanical properties, biocompatibility, and resistance to extreme conditions, expanding the range of applications.

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.