Polymer Microinjection Molding Market

Polymer Microinjection Molding Market - An Overview

The global polymer microinjection molding market is anticipated to witness strong growth during the forecast period between 2021 and 2031.

Microinjection molding refers to a procedure in which high-pressure mold parts are turned into smaller modules. Some of the materials suitable for this process include polyester, acetal, polycarbonate, and liquid crystal polymers.

Micro-injection polymer molding is primarily used to develop small products, which require an ultra-fine solution for molding.

The machines employed for microinjection molding process must have specific features such as stable melting temperatures, ability to operate at high speed and pressures, precise shot controls, and ultra-fine controls.

Some of the key application areas for polymer microinjection molding process include automotive industry, telecommunication industry, optics, medical, and sensors.

The COVID-19 pandemic had an adverse effect on the polymer microinjection molding market.

With manufacturing facilities worldwide shutting down temporarily or permanently due to the strict regulations and lockdowns imposed by governments, the demand for smaller components witnessed a decline. This negatively impacted the polymer microinjection molding market.

Polymer Microinjection Molding Market - Trends and Opportunities

Rising demand for miniature materials for an extensive range of applications globally is the key growth driver for the polymer microinjection molding market.

Also, shift in consumer preference from phthalates containing polyvinyl chloride to microinjection molding materials is expected to fuel the growth in the overall market, in the upcoming years.

The growing preference towards minimally invasive surgeries at hospitals and clinics is expected to propel the polymer microinjection molding market, in the years ahead.

Innovations to existing products could help increase the demand for minute components and grow the overall polymer microinjection molding market, too.

The medical and healthcare industry is expected to make the largest contribution to the overall market due to the increasing demand for small components to perform minimally invasive surgeries at healthcare facilities, worldwide.

Polymer Microinjection Molding Market - Competitive Landscape

The global polymer microinjection molding market is highly competitive, with the presence of several well-established players. Many of them are expected to hold a large share in the overall market, in the upcoming years.

Research and development undertakings in a bid to produce improved quality of products could be a key growth strategy for the leading players in the coming years.

Prominent players could also collaborate with the lesser-known players in a bid to expand their market presence and increase their revenue share.

The smaller players in the global market will also seek investments from governments and private investors, which could help them in their long-term growth.

A few prominent players in the global market include American Laubsher Corporation, Rapideworks Stamm AG, Micromold Inc., Rolla AG, and Makuta Technics.

Polymer Microinjection Molding Market - Regional Assessment

The global polymer microinjection molding market is divided into five regions, namely, North America, Asia Pacific, Europe, Latin America, and Middle East and Africa.

North America is anticipated to be the dominant region in the global polymer microinjection molding market due to extensive product deployment in the automotive industry in countries such as US and Canada.

Europe is expected to witness strong growth in the global market in future due to increased product deployment in the manufacturing of micro switches, connectors, and gears.

Asia Pacific is expected to witness moderate growth in the overall market in the upcoming years as the market is still at a developing stage in countries such as India and Japan.

These countries, could, provide an opportunity for leading players to establish R&D centers, owing to the availability of key resources such as land and labor.

Other regions of the world such as Latin America and Middle East and Africa are expected to witness sluggish growth in the global polymer microinjection molding market owing to the lack of presence of well-established players.