Thermoplastic Micro Molding - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Thermoplastic Micro Molding Market is accounted for $697.22 million in 2019 and is expected to reach $1,920.16 million by 2027 growing at a CAGR of 13.5% during the forecast period. Some of the key factors propelling the growth of the market are the rising automotive demand, growing disposable income, and increasing applications for micromechanical parts. However, low technological awareness among consumers is the restraining factor for the growth of the market.
Thermoplastic micro molding is a highly focused manufacturing process that is used to produce particularly small, high-precision thermoplastic parts and components. The process starts in a tooling department where a mold is created that has a cavity in the shape of the part desired.
By end-user, the medical & healthcare segment is expected to grow at a significant market share during the forecast period owing to the rise in minimally invasive surgery. Based on geography, North America is anticipated to hold considerable market share during the forecast period which is attributed to the constantly increasing demand from medical, automotive, and telecom industries.
Some of the key players in Thermoplastic Micro Molding Market include Isometric Micro Molding Inc, SMC CORPORATION, American Precision Products, Stamm AG, Accumold, Veejay Plastic Injection Molding Company, Rolla AG, Micro Molding Solutions Inc, MTD Micro Molding, Kamek Precision Tools, Preci Mold Inc, Stack Plastics, Makuta Technics Inc, Sovrin Plastics, and DONGGUAN SINCERE TECH CO LTD.
• Polyvinyl Chloride (PVC)
• Polyether Ether Ketone (PEEK)
• Liquid Crystal Polymer (LCP)
• Polyphenylene Sulfide (PPS)
• Acrylic Plastics
End Users Covered:
• Automotive Industry
• Medical & Healthcare
• Micro Drive System & Control
• Telecom Fiber Optics
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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