Polymer Microinjection Molding Market To Reach $2.53 Billion By 2030

March 2024 | Report Format: Electronic (PDF)

Polymer Microinjection Molding Market Growth & Trends

The global polymer microinjection molding market size is expected to reach USD 2.53 billion by 2030, registering a CAGR of 10.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. Growing demand for small sized components mainly from the medical industry is expected to be a key driving factor for the market. Microinjection molding is used to manufacture highly valued micro medical components such as sensors, implants, tubes, catheter tips and microoptics among some other components; the growing demand for these has had a positive impact on the market. The report further observes that shift in trend towards adoption of micromolding over micromachining, owing to its cost efficiency and development of microoptics and microfluidics technologies, particularly in North America and Europe is also expected to play a major role in the market growth.

Medical and healthcare emerged as the leading application markets for microinjection molding and accounted for just over one-third of the total market in 2012. Along with being the largest market, these are also expected to be the fastest growing market for microinjection molding at an estimated CAGR of 15.2% from 2013 to 2020. Growing demand for small sized components on account of increasing number of minimally invasive surgeries is expected to drive the market over the next six years. Automotive industry trailed medical and healthcare industry in the overall demand for microinjection polymer molding. The global market for microinjection polymer molding in automotive industry is expected to exceed USD 200 million by 2020.

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Polymer Microinjection Molding Market Report Highlights

  • North America emerged as the leading market for microinjection polymer molding, accounting for more than 37.9% of the total market in 2023. Rapid technological advancement, mainly in the U.S. has been a key factor for market development. In addition, increasing healthcare expenditure is also expected to fuel the demand for microinjection molding market. North American micro molders gained the advantage of moving early into a high growth market eyeing a sustainable future

  • Rapid development of various micro technologies including microoptics and microfluidics mainly in Western Europe is expected to drive the market for microinjection polymer molding in Europe. Germany holds a major chunk in the European market for microinjection molding on account of increasing medical expenditure and country’s lead position in automobile manufacturing. Asia Pacific is still a large untapped market and hold immense opportunities in the years to come.

  • However, lack of awareness regarding the benefits offered using micro molded polymers mainly in under developed countries of Middle East, Africa, Latin America and South Asia is expected to hinder the market growth over the forecast period

  • Production of microinjection molded polymers is concentrated mainly in Europe and North America. Some of the major companies operating in the global market include Accu-Mold LLC, ALC Precision, American Precision Products, Makuta Technics, Micromolding Solution Inc., Precimold Incorporation, Rapidwerks, Stack Plastics Inc., Stamm AG and Sovrin Plastics among some other companies.

Polymer Microinjection Molding Market Segmentation

Grand View Research has segmented the global polymer microinjection molding market based on type, application, and region:

Polymer Microinjection Molding Type Outlook (Revenue, USD Million, 2018 - 2030)

  • Polyether Ether Ketone

  • Polymethyl Methacrylate

  • Polyethylene

  • Polyoxymethylene

  • Liquid Crystal Polymer (LCP)

  • Polylactic Acid (PLA)

  • Other

Polymer Microinjection Molding Application Outlook (Revenue, USD Million, 2018 - 2030)

  • Medical & Healthcare

  • Automotive

  • Telecom Fiber Optics

  • Micro Drive Systems & Control

  • Others

Polymer Microinjection Molding Region Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

    • Australia

  • Central & South America

    • Argentina

    • Brazil

  • Middle East & Africa

    • Saudi Arabia

    • UAE

    • South Africa

List Of Key Players Polymer Microinjection Molding Market

  • Accu-Mold LLC

  • Precipart

  • Makuta Technics

  • Micromolding Solution Inc.

  • Precimold Incorporation

  • Rapidwerks Inc.

  • Stack Plastics Inc.

  • Stamm AG

  • Sovrin Plastics

  • Likuta Technics Inc.

  • Norco Injection Molding

  • OMNI Mold Systems

  • ALC Precision

  • American Precision Products

  • WestFall

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