Micro injection molding, as the name suggests, is a molding process which requires a specific molding machine with high injection pressure and speed, precise shot control, and ultra fine resolution for molding small sized tools and parts. This technique is used for the development of small or micro products that require precise specifications. Micro injection molding is usually done for the parts that are designed with weight less than a milligram and size less than 1mm. Use of this technique is not limited to only small parts but may be used for large products which require micro sized features such as thickness, diameter hole, etc.
Silicone is the major raw material used for micro molding, owing to its physical and chemical properties. However, silicone is costly and impacts the profitability of molders. In order to reduce manufacturing cost, polymers came into existence in the 90s. Polymer based micro molded products find applications in almost all of the application areas where silicones are being used. Polymers are further classified as thermosets, thermoplastics and elastomers out of which thermoplastics are majorly used for various applications in end-use industries.
In the medical industry, micro injection molding is conducted to manufacture parts such as sensors, implants, tubes, catheter tips, micro optics and others. Molded products are slowly replacing machined components that have been used traditionally in the industry. The growing trend of small devices coupled with increasing number of minimally invasive surgeries per day has been boosting the demand for micro sized parts from medical device manufacturers. The key advantage of micro injection molding over micromachining is cost savings. Micro injection molding takes a fraction of time to mold the components and utilizes low cost raw materials compared to machining and results in high cost savings.
Medical and healthcare applications dominated thermoplastics micro molding market and accounted for 35% of the total market in 2012. The rapid development of micro fluidics technology mainly in North America and Europe is expected to drive the market for micro molding in medical and healthcare over the forecast period. Micro molding is used for manufacturing micro connectors in telecom fiber optics. Telecom fiber optics application is expected to exceed USD 95 million by 2019. Micro molding is used for manufacturing micro switches, connectors and airbag sensors in the automotive industry. It is expected to grow at an estimated CAGR of nearly 14% from 2013 to 2019. Global thermoplastic micro molding demand from drive systems and control is expected to reach over USD 89 million by 2019.
North America has been leading the polymer micro molding market and is expected to grow at a CAGR of approximately 14.5% between 2013 and 2019. The region is expected to experience high growth in minimally invasive surgeries during the forecast period hence leading to high components demand from the medical industry. Europe emerged as second largest polymer micro molding market and is expected to account for nearly 36% of the total market in 2019. Most of the developing countries such as India and China have been utilizing machined parts and conventional injection molding products. Since the awareness of micro molding technology is low in Asia Pacific, the end-use industries are still using machined products. Asia Pacific is expected to grow at an estimated CAGR of 14.6% from 2013 to 2019.
The global polymer micro molding injection market is highly fragmented with large number of small manufacturers. The market is mainly concentrated in the Western region such as North America and Europe. The key industry participants include Accumold, ALC Precision, Micromold Inc, American Precision Products, Makuta Technics, Micromolding Solutions, Micro Precision Products, Precimold Inc, Rolla AG, Rapidwerks, Stack Plastics, Stamm and Sovrin Plastics among others.
Micro injection molding is majorly done using polymers such as thermoplastics, thermosets and some elastomers. Polymethylmethacrylate (PMMA) and Polyoxymethylene (POM) are some of the commonly used thermoplastics to develop several micro parts utilized by different end-use industries. Thermoplastic micro parts find huge application in mechanical parts, optical fibers, packaging, medicines, and other.
This report analyzes estimates and forecasts the global polymer micro molding market in terms of revenue (USD billion) from 2012 to 2019. The report analyzes the factors that are expected to drive and restrain the global market for micro molding. The report also highlights the global market specifically for thermoplastics in terms of revenues from 2012 to 2019.
The study segments the thermoplastic micro molding market on the basis of application such as medical, telecom fiber optics, automotive, micro drive systems and control and other applications. Each application segment is further analyzed on the basis of each region. The global polymer micro molding market is estimated and forecasted on the basis of geography from 2012 to 2019. The report covers major geographical regions including North America, Europe, Asia Pacific and Rest of the World.
The study offers a value chain analysis, providing a comprehensive view of major players in the micro molding market. The study also includes raw material analysis for better understanding of major raw materials used in the polymer micro molding process.
For research, we have conducted in-depth interviews and discussions with numerous key industry participants and opinion leaders. Primary research represents the bulk research effort coupled with extensive secondary research. We reviewed key players’ annual reports, product portfolio, press releases, and relevant documents for competitive analyses and better understanding of the market. Secondary research includes in-depth research on current trends, technical writing, recent trades, internet sources, trade associations, statistical data from government websites and associated authorized agency websites. This has proved to be the most successful, effective, and reliable approach for obtaining concise data, capturing industry participants’ insights and recognizing opportunities and growth.
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings. It also includes internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases and market reports. News articles, press releases and web-casts specific to the companies operating in the market also serve as a part of secondary sources.
We conduct primary interviews on an on-going basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills various functions. First-hand information is obtained on the market size, market trends, growth trends, competitive landscape, future outlook, etc. It also helps in validating and strengthening the secondary research findings, and further develops the analysis team’s expertise and market understanding. The primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies
For a detailed understanding of the market, we have provided a thorough analysis of the value chain. In addition, we have covered the Porter’s five forces model, which provides a detailed understanding of the intensity of competition present in the market. Furthermore, the study includes a market attractiveness analysis, where the applications are benchmarked based on market size, growth rate and general attractiveness.
Thermoplastic Micro Molding Market: Application Analysis
- Medical and healthcare
- Telecom fiber optics
- Micro drive systems and control
- Other (Including computers, material and technology trials in universities, etc.)
Thermoplastic Micro Molding Market: Regional Analysis
- North America
- Asia Pacific
- Rest of the World
Polymer Micro Molding Market: Regional Analysis
- North America
- Asia Pacific
- Rest of the World