Polymer Microinjection Molding Market
PUBLISHED: 2024 ID: SMRC25875
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Polymer Microinjection Molding Market

Polymer Microinjection Molding Market Forecasts to 2030 - Global Analysis By Material Type (Polyethylene (PE), Polypropylene (PP), Polystyrene (PS), Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET), Acrylonitrile Butadiene Styrene (ABS), Polycarbonate (PC), Polyamide (PA), Polyoxymethylene (POM) and Other Material Types), Technology, Application and By Geography

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4.9 (95 reviews)
Published: 2024 ID: SMRC25875

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Polymer Microinjection Molding Market is accounted for $1.53 billion in 2023 and is expected to reach $3.23 billion by 2030 growing at a CAGR of 11.3% during the forecast period. Polymer microinjection molding is a precise manufacturing technique used to produce small, intricate plastic parts with high accuracy and consistency. It involves injecting molten polymer material into a mold cavity at high pressure, creating detailed features and geometries. This method is ideal for mass-producing miniature components. By controlling factors like temperature, pressure, and cooling time, manufacturers can achieve tight tolerances and superior surface finishes, making polymer microinjection molding a preferred choice for producing intricate plastic parts at a micro-scale.

According to the Ministry of Health, Labour and Welfare Annual Pharmaceutical Production Statistics, the Japanese market for medical devices and materials in 2018 was $29.3 billion, i.e., 6.9% up from 2017.

Market Dynamics: 

Driver: 

Rising miniaturization trend

The rising miniaturization trend across industries, such as electronics, automotive, and medical devices, is a key driver propelling the growth of the polymer microinjection molding market. As the demand for smaller and more precise components increases, polymer microinjection molding offers a cost-effective solution for producing intricate parts with high dimensional accuracy. This method enables manufacturers to meet the stringent size and weight requirements of modern applications while maintaining efficiency and scalability, thereby driving the adoption of microinjection molding in various sectors.

Restraint:

Limited material compatibility

Limited material compatibility in polymer microinjection molding is primarily due to the process's requirements for materials with specific flow properties, melt viscosity, and thermal stability. Not all polymers can meet these criteria, restricting the choice of materials for microinjection molding applications. This limitation hampers market growth by constraining the versatility and flexibility of the technology to address a broader range of industry needs.

Opportunity:

Growing electronics & healthcare sectors

In the electronics industry, the demand for smaller and more intricate components for devices like smart phones and wearables fuels the adoption of microinjection molding. Similarly, in healthcare, the need for miniaturized medical devices, drug delivery systems, and diagnostic tools propels the market forward. Polymer microinjection molding offers cost-effective and precise manufacturing solutions that cater to the specific requirements of these industries, thus driving its continued growth.

Threat:

High initial setup costs

High initial setup costs in polymer microinjection molding stem from the complexity of tooling design, fabrication, and equipment investment. The need for precision moulds and machinery tailored to micro-scale production contributes significantly to these costs. Additionally, high setup costs can extend project lead times and increase the financial risk for manufacturers, potentially deterring investment. As a result, companies may opt for alternative manufacturing methods, hindering the overall growth potential of the polymer microinjection molding industry.

Covid-19 Impact

The covid-19 pandemic had a mixed impact on the polymer microinjection molding market. While there was an initial slowdown due to disruptions in supply chains, temporary closures of manufacturing facilities, and decreased consumer demand, the market gradually recovered as industries adapted to the new normal. The heightened focus on healthcare and the production of medical devices during the pandemic provided a boost to the microinjection molding market. Additionally, the shift towards remote work and increased reliance on electronics further sustained market demand.

The gas-assisted injection molding segment is expected to be the largest during the forecast period

The gas-assisted injection molding segment is estimated to have a lucrative growth. GAIM is a technique within polymer microinjection molding that involves injecting nitrogen or other gases into the mold cavity after the initial polymer injection. It enables the production of complex, thick-walled parts with reduced sink marks and warpage by injecting gas into the mold cavity. This process enhances design flexibility, reduces material usage, and improves surface finish. GAIM also facilitates the creation of hollow structures, lightweight components, and precise geometries, expanding the range of applications.

The electronics segment is expected to have the highest CAGR during the forecast period

The electronics segment is anticipated to witness the highest CAGR growth during the forecast period, due to its ability to produce intricate, high-precision components with tight tolerances. It is employed in the fabrication of miniaturized electronic devices such as sensors, connectors, micro fluidic chips, and housings for wearables and handheld gadgets. It facilitates the integration of multiple functionalities within compact electronic assemblies, driving innovation and miniaturization trends in the industry.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period due to its burgeoning manufacturing sector and increasing demand for miniaturized components. Countries like China, Japan, and South Korea are leading the market with their advanced manufacturing capabilities and investments in technology. The region also benefits from a large consumer electronics market, growing healthcare sector, and expanding automotive industry. Additionally, favorable government policies and initiatives aimed at promoting manufacturing and innovation further propel the growth of the polymer microinjection molding market in the Asia-Pacific region.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to robust industrial infrastructure, technological advancements, and a strong focus on innovation. The presence of key market players, coupled with supportive government initiatives and investments in research and development, fosters market growth. The United States and Canada are key contributors, boasting advanced manufacturing capabilities and a focus on innovation. Additionally, increasing emphasis on sustainable manufacturing practices and the adoption of advanced materials further drive the expansion of the polymer microinjection molding market in North America.

Key players in the market

Some of the key players profiled in the Polymer Microinjection Molding Market include Accu-Mold LLC, Precimold Inc., SMC Limited, Stamm AG, MTD Micro Molding, Makuta Technics Inc., Plasdan Group, Sovrin Plastics, Matrix Plastic Products, Micromold Inc., Cicor Group, TERA Plastics & Electronics Limited, BMP Medical, Kamek Precision Tools and Promold Plastics.

Key Developments:

In September 2023, Accumold pioneered an innovative method for micro injection molding of thin-wall cannulas at exceptionally high production rates. These delicate and slender cannulas hold crucial importance across a spectrum of medical uses, notably in reducing patient discomfort and enhancing medical procedures.

In January 2023, Accumold made a strategic investment in its micro additive manufacturing (AM) capability with the acquisition of the Fabrica 2.0 machine from Nano Dimension. This move signifies Accumold's ongoing commitment to enhancing its portfolio of precision micro AM technologies.

Material Types Covered:
• Polyethylene (PE)
• Polypropylene (PP)
• Polystyrene (PS)
• Polyvinyl Chloride (PVC)
• Polyethylene Terephthalate (PET)
• Acrylonitrile Butadiene Styrene (ABS)
• Polycarbonate (PC)
• Polyamide (PA)
• Polyoxymethylene (POM)
• Other Material Types

Technologies Covered:
• Micro-Optics Molding
• Gas-Assisted Injection Molding
• Multi-Cavity Molds
• Two-Shot Molding
• Insert Molding
• Other Technologies

Applications Covered:
• Automotive Components
• Electronics
• Optical Components
• Consumer Goods
• Microfluidics & Lab-on-a-chip Devices
• Aerospace & Defense
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary  
    
2 Preface   
 2.1 Abstract  
 2.2 Stake Holders 
 2.3 Research Scope 
 2.4 Research Methodology
  2.4.1 Data Mining
  2.4.2 Data Analysis
  2.4.3 Data Validation
  2.4.4 Research Approach
 2.5 Research Sources 
  2.5.1 Primary Research Sources
  2.5.2 Secondary Research Sources
  2.5.3 Assumptions
    
3 Market Trend Analysis 
 3.1 Introduction 
 3.2 Drivers  
 3.3 Restraints 
 3.4 Opportunities 
 3.5 Threats  
 3.6 Technology Analysis
 3.7 Application Analysis
 3.8 Emerging Markets 
 3.9 Impact of Covid-19 
    
4 Porters Five Force Analysis 
 4.1 Bargaining power of suppliers
 4.2 Bargaining power of buyers
 4.3 Threat of substitutes
 4.4 Threat of new entrants
 4.5 Competitive rivalry 
    
5 Global Polymer Microinjection Molding Market, By Material Type
 5.1 Introduction 
 5.2 Polyethylene (PE) 
 5.3 Polypropylene (PP) 
 5.4 Polystyrene (PS) 
 5.5 Polyvinyl Chloride (PVC)
 5.6 Polyethylene Terephthalate (PET)
 5.7 Acrylonitrile Butadiene Styrene (ABS)
 5.8 Polycarbonate (PC) 
 5.9 Polyamide (PA) 
 5.10 Polyoxymethylene (POM)
 5.11 Other Material Types
    
6 Global Polymer Microinjection Molding Market, By Technology

 6.1 Introduction 
 6.2 Micro-Optics Molding
 6.3 Gas-Assisted Injection Molding
 6.4 Multi-Cavity Molds 
 6.5 Two-Shot Molding 
 6.6 Insert Molding 
 6.7 Other Technologies 
    
7 Global Polymer Microinjection Molding Market, By Application
 7.1 Introduction 
 7.2 Automotive Components
 7.3 Electronics 
 7.4 Optical Components
 7.5 Consumer Goods 
 7.6 Microfluidics & Lab-on-a-chip Devices
 7.7 Aerospace & Defense
 7.8 Other Applications 
    
8 Global Polymer Microinjection Molding Market, By Geography
 8.1 Introduction 
 8.2 North America 
  8.2.1 US 
  8.2.2 Canada 
  8.2.3 Mexico 
 8.3 Europe  
  8.3.1 Germany 
  8.3.2 UK 
  8.3.3 Italy 
  8.3.4 France 
  8.3.5 Spain 
  8.3.6 Rest of Europe
 8.4 Asia Pacific 
  8.4.1 Japan 
  8.4.2 China 
  8.4.3 India 
  8.4.4 Australia 
  8.4.5 New Zealand
  8.4.6 South Korea
  8.4.7 Rest of Asia Pacific
 8.5 South America 
  8.5.1 Argentina
  8.5.2 Brazil 
  8.5.3 Chile 
  8.5.4 Rest of South America
 8.6 Middle East & Africa
  8.6.1 Saudi Arabia
  8.6.2 UAE 
  8.6.3 Qatar 
  8.6.4 South Africa
  8.6.5 Rest of Middle East & Africa
    
9 Key Developments  
 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
 9.2 Acquisitions & Mergers
 9.3 New Product Launch
 9.4 Expansions 
 9.5 Other Key Strategies
    
10 Company Profiling  
 10.1 Accu-Mold LLC 
 10.2 Precimold Inc. 
 10.3 SMC Limited 
 10.4 Stamm AG 
 10.5 MTD Micro Molding 
 10.6 Makuta Technics Inc.
 10.7 Plasdan Group 
 10.8 Sovrin Plastics 
 10.9 Matrix Plastic Products
 10.10 Micromold Inc. 
 10.11 Cicor Group 
 10.12 TERA Plastics & Electronics Limited
 10.13 BMP Medical 
 10.14 Kamek Precision Tools
 10.15 Promold Plastics 
    
List of Tables   
1 Global Polymer Microinjection Molding Market Outlook, By Region (2021-2030) ($MN)
2 Global Polymer Microinjection Molding Market Outlook, By Material Type (2021-2030) ($MN)
3 Global Polymer Microinjection Molding Market Outlook, By Polyethylene (PE) (2021-2030) ($MN)
4 Global Polymer Microinjection Molding Market Outlook, By Polypropylene (PP) (2021-2030) ($MN)
5 Global Polymer Microinjection Molding Market Outlook, By Polystyrene (PS) (2021-2030) ($MN)
6 Global Polymer Microinjection Molding Market Outlook, By Polyvinyl Chloride (PVC) (2021-2030) ($MN)
7 Global Polymer Microinjection Molding Market Outlook, By Polyethylene Terephthalate (PET) (2021-2030) ($MN)
8 Global Polymer Microinjection Molding Market Outlook, By Acrylonitrile Butadiene Styrene (ABS) (2021-2030) ($MN)
9 Global Polymer Microinjection Molding Market Outlook, By Polycarbonate (PC) (2021-2030) ($MN)
10 Global Polymer Microinjection Molding Market Outlook, By Polyamide (PA) (2021-2030) ($MN)
11 Global Polymer Microinjection Molding Market Outlook, By Polyoxymethylene (POM) (2021-2030) ($MN)
12 Global Polymer Microinjection Molding Market Outlook, By Other Material Types (2021-2030) ($MN)
13 Global Polymer Microinjection Molding Market Outlook, By Technology (2021-2030) ($MN)
14 Global Polymer Microinjection Molding Market Outlook, By Micro-Optics Molding (2021-2030) ($MN)
15 Global Polymer Microinjection Molding Market Outlook, By Gas-Assisted Injection Molding (2021-2030) ($MN)
16 Global Polymer Microinjection Molding Market Outlook, By Multi-Cavity Molds (2021-2030) ($MN)
17 Global Polymer Microinjection Molding Market Outlook, By Two-Shot Molding (2021-2030) ($MN)
18 Global Polymer Microinjection Molding Market Outlook, By Insert Molding (2021-2030) ($MN)
19 Global Polymer Microinjection Molding Market Outlook, By Other Technologies (2021-2030) ($MN)
20 Global Polymer Microinjection Molding Market Outlook, By Application (2021-2030) ($MN)
21 Global Polymer Microinjection Molding Market Outlook, By Automotive Components (2021-2030) ($MN)
22 Global Polymer Microinjection Molding Market Outlook, By Electronics (2021-2030) ($MN)
23 Global Polymer Microinjection Molding Market Outlook, By Optical Components (2021-2030) ($MN)
24 Global Polymer Microinjection Molding Market Outlook, By Consumer Goods (2021-2030) ($MN)
25 Global Polymer Microinjection Molding Market Outlook, By Microfluidics & Lab-on-a-chip Devices (2021-2030) ($MN)
26 Global Polymer Microinjection Molding Market Outlook, By Aerospace & Defense (2021-2030) ($MN)
27 Global Polymer Microinjection Molding Market Outlook, By Other Applications (2021-2030) ($MN)
    
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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