Micro Injection Molded Plastic Market

Micro Injection Molded Plastic Market by Material Type (Liquid-Crystal Polymer (LCP), Polyether Ether Ketone (PEEK), Polycarbonate (PC), Polyethylene (PE), Polyoxymethylene (POM)), Application and Region - Global Forecast to 2026

Report Code: CH 8035 Jan, 2022, by marketsandmarkets.com

[204 Pages Report] The micro injection molded plastic market size is estimated to be USD 995 million in 2021 and is expected to reach USD 1,692 million by 2026, at a CAGR of 11.2% between 2021 and 2026. Factors such as increasing growth in automotive sector fueling demand for micro injection molded plastic , rising demand from medical application and growing healthcare expenditure and favorable reimbursement scenarios are the major drivers. Whereas, high initial and maintenance cost of machines is a major restraint for the micro injection molded plastic market. The rising trend of electric vehicles to increase demand for micro injection molded plastic will serve as the future opportunity for this market.

Micro Injection Molded Plastic Market

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Impact of COVID-19 on Micro injection molded plastic Market

The global pandemic has affected almost every sector in the world. The micro injection molded plastic market has shown negative growth as it was affected due to disruptions in the global supply chain and fall in the oil prices. This situation arise due to fall in demand from the automobile sector. The market is highly dependent on the automotive and industrial sectors. Asia Pacific is the largest region in terms of value for the micro injection molded plastic market.

In Asia Pacific, a reduction in vehicle traffic was seen from South Asia constituting countries, such as India, Bangladesh, Sri Lanka, and Central Asian countries. This lowered the demand for micro injection molded plastic in the region. China holds a major market share in the micro injection molded plastic market in the Asia Pacific region but was severely affected by the pandemic initially. Millions of people were quarantined, thus putting a pause on all supply chains dependent on China. The travel bans and lockdown imposed in most of the major cities in China had reduced the production of oil in the country. It has also affected the workforce community without which, many ports, such as Shenzhen and Shanghai, are closed for operations. However, the country has shown signs of recovery after the lockdown of three months. Most of the businesses have reopened, which is expected to generate the demand for micro injection molded plastic. Other developing countries too have accelerated their vehicle production in 2021 after the rollout of the mass vaccination drive.

Market Dynamics

Driver: Rising demand from medical application

The medical sector is one of the fastest-growing consumers of micro injection molded plastic market. Micro molded products used in medical, diagnostics, and laboratory are manufactured using micro injection molding machines. Key products such as small catheter tips, microneedles, small surgical instruments, dental implants, and infection control devices have micro injection molded plastic components. The increase in the number of surgical procedures across the globe is a key factor for the rising demand for molded plastic application. According to the WHO 2016 Report, the estimated mean global surgical rate was 4,469 operations per 100,000 people per year, with road accidents and associated trauma being the major cause of surgical treatment.

Adults aged 65 and above account for a large share of surgeries performed in the US. The rapid growth in the aging population and the growing incidence of various chronic diseases are expected to significantly drive the number of surgeries performed globally. Within the geriatric population, non-communicable diseases (NCDs) account for more than 87% of the population in low, middle, and high-income countries. The high prevalence of chronic diseases, especially among the geriatric population, is expected to considerably boost the number of surgical treatment procedures conducted.

In recent years, the number of cosmetic, dental, and aesthetic procedures has risen due to the growing geriatric population, rising disposable income, availability of advanced technologies, and growing procedural safety. The popularity of these procedures across the globe fuels the micro molded plastic market.

Restraints: High initial and maintenance cost of machines

All-electric micro injection molding machine has production efficiency, short injection times due to dynamic servo-motors, greater repeatability, reduced noise, and best acceleration performance. Due to the high technology of all-electric machines, the investment costs are high. Another disadvantage is the high maintenance cost. In case of motor failure, the entire system must be changed, which entails significantly high maintenance costs.

Though hydraulic injection machine is lower in cost than electric machines, the consumption of electric energy is high. The hydraulic motor is connected to an electric power unit, and it works at maximum power in every phase of the molding process, which entails high costs of electric energy. A typical hydraulic micro injection molding machine may consume 0.4 kWh. Another disadvantage is the motor oil, as it loses its viscous characteristics after a few hours of work and, therefore, must be replaced. The use of motor oil has high maintenance costs due to its replacement, which also has a negative environmental impact due to its disposal. The cost of preventive maintenance significantly affects the cost of production.

The above machines either need high investment or maintenance cost, which is a restraining factor for the growth of the market. Therefore, hybrid machines are being introduced in the market to save energy and reduce the upfront cost.

Opportunities: Rising trend of electric vehicles to increase demand for micro injection molded plastic

Electric vehicles are composed of various electronic parts such as all-electric auxiliary, electric traction motor, traction battery pack, electric transmission, power electronics controller, and DC converter, among others. These electronics parts are composed of various micro components. These micro components are essential for the manufacture of electric vehicles. These are very small and complex components that are manufactured using micro injection molding machine. As electric vehicle requires more micro injection molded products than ICE vehicle, the increasing demand for electric vehicles is expected to positively impact the growth of the micro injection molded plastic market.

Recently, there have been technological advancements in the E-mobility segment across the globe and have the potential to revolutionize the related markets. The global EV market has shown significant growth. In 2019, the number of electric vehicles reached 2,264,400 units, 9% higher than the previous year. There are many major companies that have invested and announced the launch of electric vehicles in the coming 5-10 years.

Electric car companies and their OEMs are pushing to transition from metal to thermoplastic for many key components. Using plastic instead of metal can enable electric car companies to reduce the weight of their vehicles by as much as 30%. Moreover, micro injection molded plastic parts are cheaper to produce than their metal counterparts. This will also allow electric vehicle companies to lower their prices and compete more effectively in the market. The increasing production for electric vehicles will be a good opportunity for the players in the micro injection molded plastic market.

Challenges: Requirement of skilled personnel for operation of micro injection molding machine

Production of micro injection molded products need skilled labor due to its complex operating system. The micro parts used in the medical industry need special attention and critical procedure as the application of these products is very complex. Expertise in plastics engineering, micro mold design, gate location and sizing, and runner and sprue geometry is necessary while operating micro injection molding machines.

Process-specific and material-specific knowledge are also crucial. The gates of micro-molded components will have to be accurately sized to avoid excessive heat stress on the material entering the cavity. For heat-sensitive materials such as bioresorbable and biopharmaceutical polymers, the residence time in the injection barrel, nozzle, and hot runner must be understood to avoid exposure of excessive heat to the material during the injection molding process.

Currently, the lack of skilled labor, specifically in developing economies, is one of the major challenges for the market players. The technology landscape and application areas of micro injection molded plastic are changing rapidly, owing to technological advancements in this field. This necessitates operational labor to acquire the necessary skills to operate micro injection molding machines. The lack of skilled labor in developing countries is a challenge for the market players.

“PC is estimated to be the fastest-growing material type in the micro injection molded plastic market between 2021 and 2026.”

In 2020, the PC accounted for the largest market share in material type segment and is also projected to a moderate growth during the forecast period. The market growth is expected to be fueled by the increasing usage of modern medical devices, micro components for the electric vehicles and various components for electronics industry.

“Medical was the largest application for micro injection molded plastic market in 2020”

Medical is the largest application for micro injection molded plastic. In the micro injection molding industry, medical micro molding is a highly specialized sector. As medical equipment gets more miniaturized, they rely on micro injection molded components to provide crucial patient care both within and outside the body.

Micro molds are utilized for various medical processes. Few of the medical molds include surgical devices, endoscopic devices, catheters, hearing aids, point of care testing devices, diabetes management devices, DNA research and sequencing devices, electronic components for medical devices, microfluidics, and pharmaceutical applications, including drug delivery devices, vials, caps, specimen cups, blood collection tubes, syringes, and IV parts. The shifting trend towards miniaturization and nanotechnology in the medical sector is fueling the demand for compatible micro-molds for every medical application.

“Europe is estimated to be the second-largest micro injection molded plastic market in 2020, in terms of value”

Europe is the second-largest consumer of micro injection molded plastic, in 2020. Germany, France, the UK are key countries considered in the European region. Increased consumer spending and exports drive the region’s economy. Europe has a well-developed automotive sector. It is one of the largest producers of commercial vehicles and has a strong spare parts industry as well. It offers an ideal logistics platform for companies to export to international markets. Europe is an important market for Japanese and US car manufacturers looking to strengthen their position in Europe. Macroeconomic factors such as the recovery of the economy, rising domestic demand, and increase in consumer spending and exports are expected to drive the economic growth of Europe.

Micro Injection Molded Plastic Market  by Region

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“Asia Pacific is estimated to be the third-largest micro injection molded plastic market during the forecast period.”

The Asia Pacific market is segmented into China, Japan, India, and the Rest of Asia Pacific. The region accounted for third-largest share of the global micro injection molded plastic market in 2020. It is also projected to be the fastest-growing micro injection molded plastic market during the forecast period. According to the United Nations, Asia Pacific contributes to more than 65% of the global population, with China and India being the two most populous countries, globally.

China and India are considered the fastest-growing consumer markets due to the increase in the overall population of these countries. The trends in these countries directly influence the global consumption pattern. Several major players also have their presence in Asia Pacific through their production facilities. China accounted for the largest share of the Asia Pacific micro injection molded plastic market, in terms of value, in 2020. India is projected to witness the highest CAGR during the forecast period, mainly due to an increase in demand from the medical, automotive, fiber optics and electronics applications.

According to the International Monetary Fund (IMF), China and India are among the fastest-growing economies globally. India is expected to outpace China with the highest growth rate, thus driving the global economy. Such economic developments in these countries are expected to lead to the growth of the manufacturing sector. The rapidly growing end-use industries, competitive manufacturing costs, and high economic growth rate are favorable factors for the growth of the micro injection molded plastic market in this region. These factors are also attracting market players to expand their businesses in Asia Pacific.

Micro Injection Molded Plastic Market  by Region

Key Market Players

The key market players profiled in the report include Accumold LLC (US), Isometric Micro Molding, Inc. (US), Makuta Micro Molding (US), Precimold Inc. (Canada), MTD Micro Molding (US), Microsystems Precision Medical Moulds (UK), Veejay Plastics Injection Molding Company (US), Knightsbridge Plastics Inc.(California), Polymermedics Ltd. (UK), Manner Solutions For Plastics (Germany), Microdyne Plastics, Inc. (US), SMC Ltd. (US), Mikrotech (US), Sovrin Plastics (UK), Stack Plastics (US), American Precision Product(US), D&M Plastics, LLC (US), Paragon Medical (US), Micro Molding Inc. (US), Spectrum Plastics Group, Inc. (US), Matrix Plastic Products (US), Yomura Technologies Inc (Taiwan), and Barnet Intelligent Materials (US).

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Scope of the Report

Report Metric

Details

  • Years considered for the study
  • 2016-2026
  • Base Year
  • 2021
  • Forecast period
  • 2021–2026
  • Units considered
  • Value (USD Million)
  • Segments
  • Material Type, Application, and Region
  • Regions
  • Asia Pacific, North America, Europe, Middle East & Africa, and South America
  • Companies
  • Accumold LLC (US), Isometric Micro Molding, Inc. (US), Makuta Micro Molding (US), Precimold Inc. (Canada), MTD Micro Molding (US), Microsystems Precision Medical Moulds (UK), Veejay Plastics Injection Molding Company (US), Knightsbridge Plastics Inc.(California), Polymermedics Ltd. (UK), Manner Solutions For Plastics (Germany), Microdyne Plastics, Inc. (US), SMC Ltd. (US), Mikrotech (US), Sovrin Plastics (UK), Stack Plastics (US), American Precision Product(US), D&M Plastics, LLC (US), Paragon Medical (US), Micro Molding Inc. (US), Spectrum Plastics Group, Inc. (US), Matrix Plastic Products (US), Yomura Technologies Inc (Taiwan), and Barnet Intelligent Materials (US).

This report categorizes the global micro injection molded plastic market based on material type, application, and region.

On the basis of material type, the micro injection molded plastic market has been segmented as follows:

  • Liquid-Crystal Polymer (LCP)
  • Polyether Ether Ketone (PEEK)
  • Polycarbonate (PC)
  • Polyethylene (PE)
  • Polyoxymethylene (POM)
  • Polymethyl Methacrylate (PMMA)
  • Polyetherimide (PEI)
  • Polybutylene Terephthalate (PBT)
  • Others

On the basis of application, the micro injection molded plastic market has been segmented as follows:

  • Medical
  • Automotive
  • Optics
  • Electronics
  • Others

On the basis of region, the micro injection molded plastic market has been segmented as follows:

  • Asia Pacific
  • North America
  • Europe
  • Middle East & Arica
  • South America

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 32)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
           1.2.1 MICRO INJECTION MOLDED PLASTIC MARKET: INCLUSIONS AND EXCLUSIONS
           1.2.2 MICRO INJECTION MOLDED PLASTIC: MARKET DEFINITION AND INCLUSIONS, BY MATERIAL TYPE
           1.2.3 MICRO INJECTION MOLDED PLASTIC: MARKET DEFINITION AND INCLUSIONS, BY APPLICATION
    1.3 MARKET SCOPE
           1.3.1 MICRO INJECTION MOLDED PLASTIC: MARKET SEGMENTATION
           1.3.2 REGIONS COVERED
           1.3.3 YEARS CONSIDERED FOR THE STUDY
    1.4 CURRENCY
    1.5 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 37)
    2.1 RESEARCH DATA
           FIGURE 1 MICRO INJECTION MOLDED PLASTIC MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary interviews – demand and supply sides
                    2.1.2.2 Key industry insights
                    2.1.2.3 Breakdown of primary interviews
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY APPROACH 1 (SUPPLY-SIDE): REVENUE OF PRODUCTS
                    FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY APPROACH 1 BOTTOM-UP (SUPPLY-SIDE): COLLECTIVE REVENUE OF ALL PRODUCTS
                    FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY APPROACH 2 BOTTOM-UP (DEMAND-SIDE): APPLICATIONS SERVED
           2.2.2 TOP-DOWN APPROACH
                    FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 TOP-DOWN
    2.3 DATA TRIANGULATION
           FIGURE 6 MICRO INJECTION MOLDED PLASTIC MARKET: DATA TRIANGULATION
    2.4 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST
           2.4.1 SUPPLY-SIDE
                    FIGURE 7 MARKET CAGR PROJECTIONS FROM SUPPLY-SIDE
           2.4.2 DEMAND-SIDE
                    FIGURE 8 MARKET GROWTH PROJECTIONS FROM DEMAND-SIDE DRIVERS AND OPPORTUNITIES
    2.5 FACTOR ANALYSIS
    2.6 ASSUMPTIONS
    2.7 LIMITATIONS
    2.8 RISK ASSESSMENT
           TABLE 1 MICRO INJECTION MOLDED PLASTIC MARKET: RISK ASSESSMENT

3 EXECUTIVE SUMMARY (Page No. - 48)
    FIGURE 9 PC TO BE THE LARGEST MATERIAL TYPE OF MICRO INJECTION MOLDED PLASTIC BETWEEN 2021 AND 2026
    FIGURE 10 MEDICAL TO BE THE FASTEST-GROWING APPLICATION OF MICRO INJECTION MOLDED PLASTIC DURING THE FORECAST PERIOD
    FIGURE 11 NORTH AMERICA ACCOUNTED FOR THE LARGEST SHARE OF THE MICRO INJECTION MOLDED PLASTIC MARKET IN 2020

4 PREMIUM INSIGHTS (Page No. - 51)
    4.1 SIGNIFICANT OPPORTUNITIES IN THE MICRO INJECTION MOLDED PLASTIC MARKET
           FIGURE 12 HIGH GROWTH EXPECTED IN EMERGING ECONOMIES DURING THE FORECAST PERIOD
    4.2 MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY REGION
           FIGURE 13 NORTH AMERICA TO BE LARGEST MICRO INJECTION MOLDED PLASTIC MARKET DURING THE FORECAST PERIOD
    4.3 NORTH AMERICA MICRO INJECTION MOLDED PLASTIC MARKET, BY MATERIAL TYPE AND COUNTRY
           FIGURE 14 US ACCOUNTED FOR THE LARGEST SHARE OF THE MARKET IN NORTH AMERICA
    4.4 MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY APPLICATION AND REGION
           FIGURE 15 MEDICAL APPLICATION TO DOMINATE THE MICRO INJECTION MOLDED PLASTIC MARKET ACROSS THE REGIONS
    4.5 MICRO INJECTION MOLDED PLASTIC MARKET ATTRACTIVENESS
           FIGURE 16 CHINA AND INDIA TO BE THE FASTEST-GROWING MICRO INJECTION MOLDED PLASTIC MARKETS DURING THE FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 54)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 17 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN THE MICRO INJECTION MOLDED PLASTIC MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Growth in the automotive sector fueling the demand for micro injection molded plastic
                               FIGURE 18 CAR PRODUCTION, BY COUNTRY, 2020 (MILLION UNITS)
                    5.2.1.2 Rising demand from medical application
                    5.2.1.3 Growing healthcare expenditure and favorable reimbursement scenario
                               TABLE 2 HEALTH EXPENDITURE (% OF GDP), BY COUNTRY, 2014–2018
           5.2.2 RESTRAINTS
                    5.2.2.1 High initial and maintenance cost of machines
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Rising trend of electric vehicles to increase the demand for micro injection molded plastic
                               TABLE 3 KEY AUTOMAKER ANNOUNCEMENTS FOR ELECTRIC VEHICLES
           5.2.4 CHALLENGES
                    5.2.4.1 Less economical for small production capacities
                    5.2.4.2 Requirement of skilled personnel for the operation of micro injection molding machine
    5.3 PORTER’S FIVE FORCES ANALYSIS
           FIGURE 19 MICRO INJECTION MOLDED PLASTIC MARKET: PORTER’S FIVE FORCES ANALYSIS
           TABLE 4 MICRO INJECTION MOLDED PLASTIC MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.3.1 BARGAINING POWER OF SUPPLIERS
           5.3.2 BARGAINING POWER OF BUYERS
           5.3.3 THREAT OF SUBSTITUTES
           5.3.4 THREAT OF NEW ENTRANTS
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
    5.4 SUPPLY CHAIN ANALYSIS
           FIGURE 20 SUPPLY CHAIN OF MICRO INJECTION MOLDED PLASTIC MARKET
           5.4.1 RAW MATERIALS
           5.4.2 MANUFACTURING OF MICRO INJECTION MOLDED PLASTIC
           5.4.3 DISTRIBUTION TO END-USERS
    5.5 TRADE DATA
           5.5.1 IMPORT SCENARIO OF MICRO INJECTION MOLDED PLASTIC
                    FIGURE 21 MICRO INJECTION MOLDED PLASTIC IMPORT, BY KEY COUNTRY, 2013–2020
                    TABLE 5 IMPORT OF MICRO INJECTION MOLDED PLASTIC, BY REGION, 2013–2020 (USD MILLION)
           5.5.2 EXPORT SCENARIO OF MICRO INJECTION MOLDED PLASTIC
                    FIGURE 22 MICRO INJECTION MOLDED PLASTIC EXPORT, BY KEY COUNTRY, 2013–2020
                    TABLE 6 EXPORT OF MICRO INJECTION MOLDED PLASTIC, BY REGION, 2013–2020 (USD MILLION)
    5.6 TECHNOLOGY ANALYSIS
    5.7 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS
           FIGURE 23 REVENUE SHIFT FOR MICRO INJECTION MOLDED PLASTIC MARKET
    5.8 ECOSYSTEM/MARKET MAP
           FIGURE 24 MICRO INJECTION MOLDED PLASTIC MARKET: ECOSYSTEM
           TABLE 7 MICRO INJECTION MOLDED PLASTIC MARKET: ECOSYSTEM
    5.9 CASE STUDIES
           5.9.1 A CASE STUDY ON ARBURG AND PLASTIKOS
           5.9.2 A CASE STUDY ON SUMITOMO AND RENYMED
    5.10 TARIFF AND REGULATORY LANDSCAPE
           TABLE 8 INDICATIVE LIST OF REGULATORY AUTHORITIES GOVERNING MICRO INJECTION MOLDED PLASTIC
    5.11 MACROECONOMIC INDICATORS
           5.11.1 GDP TRENDS AND FORECASTS OF MAJOR ECONOMIES
                    TABLE 9 GDP TRENDS AND FORECAST, BY MAJOR ECONOMY, 2018–2026 (USD BILLION)
    5.12 PATENT ANALYSIS
           5.12.1 INTRODUCTION
           5.12.2 APPROACH
           5.12.3 DOCUMENT TYPE
                    TABLE 10 GRANTED PATENTS ACCOUNT FOR 9% OF ALL PATENTS BETWEEN 2010 AND 2020
                    FIGURE 25 PATENTS REGISTERED FOR MICRO INJECTION MOLDED PLASTIC, 2010–2020
                    FIGURE 26 PATENT PUBLICATION TRENDS FOR MICRO INJECTION MOLDED PLASTIC, 2010–2020
           5.12.4 INSIGHTS
           5.12.5 LEGAL STATUS OF PATENTS
                    FIGURE 27 LEGAL STATUS OF MICRO INJECTION MOLDED PLASTIC PATENTS
           5.12.6 JURISDICTION ANALYSIS
                    FIGURE 28 MAXIMUM PATENTS FILED BY COMPANIES IN CHINA
           5.12.7 TOP APPLICANTS
                    FIGURE 29 UNIV CENTRAL SOUTH REGISTERED THE HIGHEST NUMBER OF PATENTS BETWEEN 2010 AND 2020
                    TABLE 11 LIST OF PATENTS BY TOP APPLICANTS
    5.13 MICRO INJECTION MOLDED PLASTIC: REALISTIC, PESSIMISTIC, OPTIMISTIC, AND NON-COVID-19 SCENARIO
                    FIGURE 30 MARKET SIZE UNDER REALISTIC, PESSIMISTIC, OPTIMISTIC, AND NON-COVID-19 SCENARIO
                    TABLE 12 MICRO INJECTION MOLDED PLASTIC: MARKET FORECAST SCENARIOS, 2018–2026 (USD MILLION)
           5.13.1 NON-COVID-19 SCENARIO
           5.13.2 OPTIMISTIC SCENARIO
           5.13.3 PESSIMISTIC SCENARIO
           5.13.4 REALISTIC SCENARIO
    5.14 COVID-19 IMPACT
           5.14.1 INTRODUCTION
    5.15 COVID-19 HEALTH ASSESSMENT
                    FIGURE 31 COVID-19: GLOBAL PROPAGATION
                    FIGURE 32 COVID-19 PROPAGATION: SELECTED COUNTRIES
    5.16 COVID-19 ECONOMIC ASSESSMENT
                    FIGURE 33 REVISED GDP FORECAST FOR SELECT G20 COUNTRIES IN 2020
           5.16.1 COVID-19 ECONOMIC IMPACT—SCENARIO ASSESSMENT
                    FIGURE 34 CRITERIA IMPACTING GLOBAL ECONOMY

6 MICRO INJECTION MOLDED PLASTIC MARKET, BY MATERIAL TYPE (Page No. - 80)
    6.1 INTRODUCTION
           FIGURE 35 PEEK TO REGISTER THE HIGHEST CAGR IN THE MICRO INJECTION MOLDED PLASTIC MARKET DURING THE FORECAST PERIOD
           TABLE 13 MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY MATERIAL TYPE, 2016–2019 (USD MILLION)
           TABLE 14 MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY MATERIAL TYPE, 2020–2026 (USD MILLION)
    6.2 LIQUID-CRYSTAL POLYMERS (LCP)
           6.2.1 INCREASING CONSUMPTION IN AUTOMOTIVE AND ELECTRONICS INDUSTRIES TO DRIVE THE MARKET
                    FIGURE 36 EUROPE TO BE THE SECOND-LARGEST MARKET FOR LCP-BASED MICRO INJECTION MOLDED PLASTIC BETWEEN 2021 AND 2026
                    TABLE 15 LCP-BASED MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 16 LCP-BASED MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY REGION, 2020–2026 (USD MILLION)
    6.3 POLYETHER ETHER KETONE (PEEK)
           6.3.1 INCREASING CONSUMPTION IN THE MEDICAL INDUSTRY DRIVES THE MARKET
                    FIGURE 37 NORTH AMERICA TO BE THE LARGEST MARKET FOR PEEK-BASED MICRO INJECTION MOLDED PLASTIC DURING THE FORECAST PERIOD
                    TABLE 17 PEEK-BASED MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 18 PEEK-BASED MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY REGION, 2020–2026 (USD MILLION)
    6.4 POLYCARBONATE (PC)
           6.4.1 SHORT TIME FOR THE MOLDING PROCESS WILL DRIVE THE PC-BASED MICRO INJECTION MOLDED PLASTIC MARKET
                    FIGURE 38 NORTH AMERICA TO BE THE LARGEST MARKET FOR PC-BASED MICRO INJECTION MOLDED PLASTIC DURING THE FORECAST PERIOD
                    TABLE 19 PC-BASED MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 20 PC-BASED MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY REGION, 2020–2026 (USD MILLION)
    6.5 POLYETHYLENE (PE)
           6.5.1 INCREASING CONSUMPTION IN LESS-INVASIVE PROCEDURES DRIVES THE DEMAND FOR PE MICRO INJECTION MOLDS
                    FIGURE 39 ASIA PACIFIC TO BE THE FASTEST-GROWING MARKET FOR PE-BASED MICRO INJECTION MOLDED PLASTIC DURING THE FORECAST PERIOD
                    TABLE 21 PE-BASED MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 22 PE-BASED MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY REGION, 2020–2026 (USD MILLION)
    6.6 POLYOXYMETHYLENE (POM)
           6.6.1 INCREASING CONSUMPTION IN CAR INTERIORS TO DRIVE THE MARKET
                    FIGURE 40 ASIA PACIFIC TO BE THE FASTEST-GROWING MARKET FOR POM-BASED MICRO INJECTION MOLDED PLASTIC DURING THE FORECAST PERIOD
                    TABLE 23 POM-BASED MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 24 POM-BASED MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY REGION, 2020–2026 (USD MILLION)
    6.7 POLYMETHYL METHACRYLATE (PMMA)
           6.7.1 INCREASING CONSUMPTION IN MEDICAL AND AIRCRAFT INDUSTRIES DRIVES THE MARKET
                    FIGURE 41 ASIA PACIFIC TO BE THE SECOND-LARGEST MARKET FOR PMMA-BASED MICRO INJECTION MOLDED PLASTIC DURING THE FORECAST PERIOD
                    TABLE 25 PMMA-BASED MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 26 PMMA-BASED MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY REGION, 2020–2026 (USD MILLION)
    6.8 POLYETHERIMIDE (PEI)
           6.8.1 INCREASING CONSUMPTION IN THE BIOMEDICAL SECTOR DRIVES THE MARKET
                    FIGURE 42 EUROPE TO BE THE SECOND-LARGEST MARKET FOR PEI-BASED MICRO INJECTION MOLDED PLASTIC DURING THE FORECAST PERIOD
                    TABLE 27 PEI-BASED MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 28 PEI-BASED MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY REGION, 2020–2026 (USD MILLION)
    6.9 POLYBUTYLENE TEREPHTHALATE (PBT)
           6.9.1 INCREASING CONSUMPTION IN ELECTRONICS INDUSTRY DRIVES THE MARKET
                    FIGURE 43 ASIA PACIFIC TO BE THE THIRD-LARGEST MARKET FOR PBT-BASED MICRO INJECTION MOLDED PLASTIC DURING THE FORECAST PERIOD
                    TABLE 29 PBT-BASED MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 30 PBT-BASED MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY REGION, 2020–2026 (USD MILLION)
    6.10 OTHERS
           FIGURE 44 NORTH AMERICA TO BE THE LARGEST MARKET FOR OTHER MATERIAL TYPES DURING THE FORECAST PERIOD
           TABLE 31 OTHER MATERIAL TYPES MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
           TABLE 32 OTHER MATERIAL TYPES MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY REGION, 2020–2026 (USD MILLION)

7 MICRO INJECTION MOLDED PLASTIC MARKET, BY APPLICATION (Page No. - 97)
    7.1 INTRODUCTION
           FIGURE 45 MEDICAL APPLICATION TO REGISTER THE HIGHEST CAGR DURING THE FORECAST PERIOD
           TABLE 33 MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
           TABLE 34 MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
    7.2 MEDICAL
           7.2.1 SHIFTING TREND TOWARDS MINIATURIZATION AND NANOTECHNOLOGY IN THE MEDICAL SECTOR DRIVES THE MARKET
                    FIGURE 46 ASIA PACIFIC TO BE THE THIRD-LARGEST MICRO INJECTION MOLDED PLASTIC MARKET FOR MEDICAL APPLICATION DURING THE FORECAST PERIOD
                    TABLE 35 MICRO INJECTION MOLDED PLASTIC MARKET SIZE IN MEDICAL APPLICATION, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 36 MICRO INJECTION MOLDED PLASTIC MARKET SIZE IN MEDICAL APPLICATION, BY REGION, 2020–2026 (USD MILLION)
    7.3 AUTOMOTIVE
           7.3.1 RISING DEMAND FOR COMPLEX VEHICLE ELECTRONICS IN THE AUTOMOBILE INDUSTRY DRIVES THE MARKET
                    FIGURE 47 ASIA PACIFIC TO BE THE SECOND-LARGEST MICRO INJECTION MOLDED PLASTIC MARKET FOR AUTOMOTIVE APPLICATION DURING THE FORECAST PERIOD
                    TABLE 37 MICRO INJECTION MOLDED PLASTIC MARKET SIZE IN AUTOMOTIVE APPLICATION, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 38 MICRO INJECTION MOLDED PLASTIC MARKET SIZE IN AUTOMOTIVE APPLICATION, BY REGION, 2020–2026 (USD MILLION)
    7.4 OPTICS
           7.4.1 RISING DEMAND FOR ADVANCED WEARABLE DEVICES DRIVES THE MARKET
                    FIGURE 48 MIDDLE EAST & AFRICA TO BE THE FASTEST-GROWING MICRO INJECTION MOLDED PLASTIC MARKET FOR OPTICS APPLICATION DURING THE FORECAST PERIOD
                    TABLE 39 MICRO INJECTION MOLDED PLASTIC MARKET SIZE IN OPTICS APPLICATION, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 40 MICRO INJECTION MOLDED PLASTIC MARKET SIZE IN OPTICS APPLICATION, BY REGION, 2020–2026 (USD MILLION)
    7.5 ELECTRONICS
           7.5.1 RISING DEMAND FOR MICRO-ELECTRONICS DRIVES THE MARKET
                    FIGURE 49 ASIA PACIFIC TO BE THE FASTEST-GROWING MICRO INJECTION MOLDED PLASTIC MARKET FOR ELECTRONICS APPLICATION DURING THE FORECAST PERIOD
                    TABLE 41 MICRO INJECTION MOLDED PLASTIC MARKET SIZE IN ELECTRONICS APPLICATION, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 42 MICRO INJECTION MOLDED PLASTIC MARKET SIZE IN ELECTRONICS APPLICATION, BY REGION, 2020–2026 (USD MILLION)
    7.6 OTHERS
           FIGURE 50 NORTH AMERICA TO BE THE LARGEST MICRO INJECTION MOLDED PLASTIC MARKET FOR OTHER APPLICATIONS IN 2021
           TABLE 43 MICRO INJECTION MOLDED PLASTIC MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2016–2019 (USD MILLION)
           TABLE 44 MICRO INJECTION MOLDED PLASTIC MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2020–2026 (USD MILLION)

8 MICRO INJECTION MOLDED PLASTIC MARKET, BY REGION (Page No. - 108)
    8.1 INTRODUCTION
           FIGURE 51 ASIA PACIFIC TO BE THE FASTEST-GROWING MARKET FOR MICRO INJECTION MOLDED PLASTIC DURING THE FORECAST PERIOD
           TABLE 45 MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
           TABLE 46 MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY REGION, 2020–2026 (USD MILLION)
    8.2 NORTH AMERICA
           FIGURE 52 NORTH AMERICA: MICRO INJECTION MOLDED PLASTIC MARKET SNAPSHOT
           8.2.1 NORTH AMERICA MICRO INJECTION MOLDED PLASTIC MARKET, BY MATERIAL TYPE
                    TABLE 47 NORTH AMERICA: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY MATERIAL TYPE, 2016–2019 (USD MILLION)
                    TABLE 48 NORTH AMERICA: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY MATERIAL TYPE, 2020–2026 (USD MILLION)
           8.2.2 NORTH AMERICA MICRO INJECTION MOLDED PLASTIC MARKET, BY APPLICATION
                    TABLE 49 NORTH AMERICA: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 50 NORTH AMERICA: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
           8.2.3 NORTH AMERICA MICRO INJECTION MOLDED PLASTIC MARKET, BY COUNTRY
                    TABLE 51 NORTH AMERICA: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                    TABLE 52 NORTH AMERICA: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY COUNTRY, 2020–2026 (USD MILLION)
                    8.2.3.1 US
                               8.2.3.1.1 Medical application to boost the demand in the country
                               TABLE 53 US: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                               TABLE 54 US: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                    8.2.3.2 Canada
                               8.2.3.2.1 Automotive application to boost the demand in the country
                               TABLE 55 CANADA: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                               TABLE 56 CANADA: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                    8.2.3.3 Mexico
                               8.2.3.3.1 Presence of major vehicle manufacturing facilities in this region to boost the demand
                               TABLE 57 MEXICO: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                               TABLE 58 MEXICO: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
    8.3 ASIA PACIFIC
           FIGURE 53 ASIA PACIFIC: MICRO INJECTION MOLDED PLASTIC MARKET SNAPSHOT
           8.3.1 ASIA PACIFIC MICRO INJECTION MOLDED PLASTIC MARKET, BY MATERIAL TYPE
                    TABLE 59 ASIA PACIFIC: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY MATERIAL TYPE, 2016–2019 (USD MILLION)
                    TABLE 60 ASIA PACIFIC: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY MATERIAL TYPE, 2020–2026 (USD MILLION)
           8.3.2 ASIA PACIFIC MICRO INJECTION MOLDED PLASTIC MARKET, BY APPLICATION
                    TABLE 61 ASIA PACIFIC: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 62 ASIA PACIFIC: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
           8.3.3 ASIA PACIFIC MICRO INJECTION MOLDED PLASTIC MARKET, BY COUNTRY
                    TABLE 63 ASIA PACIFIC: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                    TABLE 64 ASIA PACIFIC: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY COUNTRY, 2020–2026 (USD MILLION)
                    8.3.3.1 China
                               8.3.3.1.1 Favorable investment regulations and economic labor costs to boost vehicle production and drive the micro injection molded plastic market
                               TABLE 65 CHINA: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                               TABLE 66 CHINA: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                    8.3.3.2 Japan
                               8.3.3.2.1 Presence of major car makers drives the market in the country
                               TABLE 67 JAPAN: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                               TABLE 68 JAPAN: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                    8.3.3.3 India
                               8.3.3.3.1 Medical device industry to drive the market in the country
                               TABLE 69 INDIA: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                               TABLE 70 INDIA: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
    8.4 EUROPE
           FIGURE 54 EUROPE: MICRO INJECTION MOLDED PLASTIC MARKET SNAPSHOT
           8.4.1 EUROPE MICRO INJECTION MOLDED PLASTIC MARKET, BY MATERIAL TYPE
                    TABLE 71 EUROPE: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY MATERIAL TYPE, 2016–2019 (USD MILLION)
                    TABLE 72 EUROPE: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY MATERIAL TYPE, 2020–2026 (USD MILLION)
           8.4.2 EUROPE MICRO INJECTION MOLDED PLASTIC MARKET, BY APPLICATION
                    TABLE 73 EUROPE: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 74 EUROPE: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
           8.4.3 EUROPE MICRO INJECTION MOLDED PLASTIC MARKET, BY COUNTRY
                    TABLE 75 EUROPE: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                    TABLE 76 EUROPE: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY COUNTRY, 2020–2026 (USD MILLION)
                    8.4.3.1 Germany
                               8.4.3.1.1 Automotive application to drive the market in the country
                               TABLE 77 GERMANY: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                               TABLE 78 GERMANY: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                    8.4.3.2 France
                               8.4.3.2.1 Foreign direct investment in the country to drive the market
                               TABLE 79 FRANCE: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                               TABLE 80 FRANCE: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                    8.4.3.3 UK
                               8.4.3.3.1 Automotive application to drive the market
                               TABLE 81 UK: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                               TABLE 82 UK: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
    8.5 MIDDLE EAST & AFRICA
           8.5.1 MIDDLE EAST & AFRICA MICRO INJECTION MOLDED PLASTIC MARKET, BY MATERIAL TYPE
                    TABLE 83 MIDDLE EAST & AFRICA: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY MATERIAL TYPE, 2016–2019 (USD MILLION)
                    TABLE 84 MIDDLE EAST & AFRICA: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY MATERIAL TYPE, 2020–2026 (USD MILLION)
           8.5.2 MIDDLE EAST & AFRICA MICRO INJECTION MOLDED PLASTIC MARKET, BY APPLICATION
                    TABLE 85 MIDDLE EAST & AFRICA: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 86 MIDDLE EAST & AFRICA: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
           8.5.3 MIDDLE EAST & AFRICA MICRO INJECTION MOLDED PLASTIC MARKET, BY COUNTRY
                    TABLE 87 MIDDLE EAST & AFRICA: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                    TABLE 88 MIDDLE EAST & AFRICA: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY COUNTRY, 2020–2026 (USD MILLION)
                    8.5.3.1 Saudi Arabia
                               8.5.3.1.1 Industrial sector to drive the market in the country
                               TABLE 89 SAUDI ARABIA: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                               TABLE 90 SAUDI ARABIA: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                    8.5.3.2 South Africa
                               8.5.3.2.1 Rising automobile production and export to drive the market in the country
                               TABLE 91 SOUTH AFRICA: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                               TABLE 92 SOUTH AFRICA: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
    8.6 SOUTH AMERICA
           8.6.1 SOUTH AMERICA MICRO INJECTION MOLDED PLASTIC MARKET, BY MATERIAL TYPE
                    TABLE 93 SOUTH AMERICA: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY MATERIAL TYPE, 2016–2019 (USD MILLION)
                    TABLE 94 SOUTH AMERICA: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY MATERIAL TYPE, 2020–2026 (USD MILLION)
           8.6.2 SOUTH AMERICA MICRO INJECTION MOLDED PLASTIC MARKET, BY APPLICATION
                    TABLE 95 SOUTH AMERICA: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 96 SOUTH AMERICA: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
           8.6.3 SOUTH AMERICA MICRO INJECTION MOLDED PLASTIC MARKET, BY COUNTRY
                    TABLE 97 SOUTH AMERICA: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                    TABLE 98 SOUTH AMERICA: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY COUNTRY, 2020–2026 (USD MILLION)
                    8.6.3.1 Brazil
                               8.6.3.1.1 Economic and infrastructural development in the country to drive the market
                               TABLE 99 BRAZIL: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                               TABLE 100 BRAZIL: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                    8.6.3.2 Argentina
                               8.6.3.2.1 Growing medical application will drive the market in the country
                               TABLE 101 ARGENTINA: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                               TABLE 102 ARGENTINA: MICRO INJECTION MOLDED PLASTIC MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)

9 COMPETITIVE LANDSCAPE (Page No. - 141)
    9.1 INTRODUCTION
    9.2 STRATEGIES ADOPTED BY KEY PLAYERS
           FIGURE 55 OVERVIEW OF STRATEGIES ADOPTED BY MICRO INJECTION MOLDED PLASTIC MANUFACTURERS
    9.3 MARKET SHARE ANALYSIS
           9.3.1 RANKING OF KEY MARKET PLAYERS
                    FIGURE 56 RANKING OF THE TOP FIVE PLAYERS IN THE MICRO INJECTION MOLDED PLASTIC MARKET, 2020
           9.3.2 MARKET SHARE OF KEY PLAYERS, 2020
                    TABLE 103 MICRO INJECTION MOLDED PLASTIC MARKET: DEGREE OF COMPETITION
                    FIGURE 57 MICRO INJECTION MOLDED PLASTIC MARKET SHARE, BY COMPANY (2020)
                    9.3.2.1 Accumold LLC
                    9.3.2.2 Paragon Medical
                    9.3.2.3 Microdyne Plastics, Inc.
                    9.3.2.4 SMC Ltd.
                    9.3.2.5 Spectrum Plastics Group, Inc.
           9.3.3 REVENUE ANALYSIS, 2016–2020
                    FIGURE 58 REVENUE ANALYSIS OF KEY COMPANIES OVER THE PAST FIVE YEARS
    9.4 COMPANY PRODUCT FOOTPRINT ANALYSIS
           FIGURE 59 MICRO INJECTION MOLDED PLASTIC MARKET: COMPANY PRODUCT FOOTPRINT
           TABLE 104 MICRO INJECTION MOLDED PLASTIC MARKET: MATERIAL TYPE FOOTPRINT
           TABLE 105 MICRO INJECTION MOLDED PLASTIC MARKET: APPLICATION FOOTPRINT
           TABLE 106 MICRO INJECTION MOLDED PLASTIC MARKET: COMPANY REGIONAL FOOTPRINT
    9.5 COMPANY EVALUATION QUADRANT (TIER 1)
           9.5.1 STAR
           9.5.2 EMERGING LEADER
                    FIGURE 60 MICRO INJECTION MOLDED PLASTIC MARKET: COMPANY EVALUATION QUADRANT, 2020
    9.6 START-UPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION QUADRANT
           9.6.1 RESPONSIVE COMPANIES
           9.6.2 STARTING BLOCKS
                    FIGURE 61 START-UPS/SMES EVALUATION QUADRANT FOR MICRO INJECTION MOLDED PLASTIC MARKET

10 COMPANY PROFILES (Page No. - 153)
     10.1 MAJOR PLAYERS
(Business Overview, Products/Services/Solutions offered, MnM view, Key strengths/right to win, Strategic choices made, Weakness/competitive threats)*
             10.1.1 ACCUMOLD LLC
                       TABLE 107 ACCUMOLD LLC: COMPANY OVERVIEW
             10.1.2 PARAGON MEDICAL
                       TABLE 108 PARAGON MEDICAL: COMPANY OVERVIEW
             10.1.3 SMC LTD.
                       TABLE 109 SMC LTD.: COMPANY OVERVIEW
             10.1.4 SPECTRUM PLASTICS GROUP, INC.
                       TABLE 110 SPECTRUM PLASTICS GROUP, INC.: COMPANY OVERVIEW
             10.1.5 ISOMETRIC MICRO MOLDING, INC.
                       TABLE 111 ISOMETRIC MICRO MOLDING, INC.: COMPANY OVERVIEW
             10.1.6 MAKUTA MICRO MOLDING
                       TABLE 112 MAKUTA MICRO MOLDING: COMPANY OVERVIEW
             10.1.7 PRECIMOLD KAMEK PRECISION INJECTION MOLDING
                       TABLE 113 PRECIMOLD KAMEK PRECISION INJECTION MOLDING: COMPANY OVERVIEW
             10.1.8 MTD MICRO MOLDING
                       TABLE 114 MTD MICRO MOLDING: COMPANY OVERVIEW
             10.1.9 MICRO MOLDING INC.
                       TABLE 115 MICRO MOLDING INC.: COMPANY OVERVIEW
             10.1.10 MICRODYNE PLASTICS, INC.
                       TABLE 116 MICRODYNE PLASTICS, INC.: COMPANY OVERVIEW
     10.2 STARTUPS AND SMES
             10.2.1 MANNER SOLUTIONS FOR PLASTICS
                       TABLE 117 MANNER SOLUTIONS FOR PLASTICS: COMPANY OVERVIEW
             10.2.2 POLYMERMEDICS LTD.
                       TABLE 118 POLYMERMEDICS LTD.: COMPANY OVERVIEW
             10.2.3 MIKROTECH
                       TABLE 119 MIKROTECH: COMPANY OVERVIEW
             10.2.4 SOVRIN PLASTICS
                       TABLE 120 SOVRIN PLASTICS: COMPANY OVERVIEW
             10.2.5 STACK PLASTICS
                       TABLE 121 STACK PLASTICS: COMPANY OVERVIEW
             10.2.6 AMERICAN PRECISION PRODUCT
                       TABLE 122 AMERICAN PRECISION PRODUCT: COMPANY OVERVIEW
             10.2.7 D&M PLASTICS, LLC
                       TABLE 123 D&M PLASTICS, LLC: COMPANY OVERVIEW
             10.2.8 KNIGHTSBRIDGE PLASTICS INC.
                       TABLE 124 KNIGHTSBRIDGE PLASTICS INC.: COMPANY OVERVIEW
             10.2.9 VEEJAY PLASTICS INJECTION MOLDING COMPANY
                       TABLE 125 VEEJAY PLASTICS INJECTION MOLDING COMPANY: COMPANY OVERVIEW
             10.2.10 MICROSYSTEMS PRECISION MEDICAL MOULDS
                       TABLE 126 MICROSYSTEMS PRECISION MEDICAL MOULDS: COMPANY OVERVIEW
             10.2.11 MATRIX PLASTIC PRODUCTS
                       TABLE 127 MATRIX PLASTIC PRODUCTS: COMPANY OVERVIEW
             10.2.12 YOMURA TECHNOLOGIES INC.
                       TABLE 128 YOMURA TECHNOLOGIES INC.: COMPANY OVERVIEW
             10.2.13 BARNET INTELLIGENT MATERIALS
                       TABLE 129 INTUMESCENT SYSTEMS LTD.: COMPANY OVERVIEW

*Details on Business Overview, Products/Services/Solutions offered, MnM view, Key strengths/right to win, Strategic choices made, Weakness/competitive threats might not be captured in case of unlisted companies

11 ADJACENT & RELATED MARKETS (Page No. - 174)
     11.1 INTRODUCTION
     11.2 LIMITATIONS
     11.3 PLASTIC INJECTION MOLDING MACHINE MARKET
             11.3.1 MARKET DEFINITION
             11.3.2 MARKET OVERVIEW
     11.4 PLASTIC INJECTION MOLDING MACHINE MARKET, BY REGION
               TABLE 130 PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
               TABLE 131 PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
               TABLE 132 PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY REGION, 2016–2019 (UNIT)
               TABLE 133 PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY REGION, 2020–2025 (UNIT)
             11.4.1 NORTH AMERICA
                       11.4.1.1 By country
                                   TABLE 134 NORTH AMERICA: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                                   TABLE 135 NORTH AMERICA: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
                                   TABLE 136 NORTH AMERICA: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY COUNTRY, 2016–2019 (UNIT)
                                   TABLE 137 NORTH AMERICA: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY COUNTRY, 2020–2025 (UNIT)
                       11.4.1.2 By machine type
                                   TABLE 138 NORTH AMERICA: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY MACHINE TYPE, 2016–2019 (USD MILLION)
                                   TABLE 139 NORTH AMERICA: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY MACHINE TYPE, 2020–2025 (USD MILLION)
                                   TABLE 140 NORTH AMERICA: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY MACHINE TYPE, 2016–2019 (UNIT)
                                   TABLE 141 NORTH AMERICA: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY MACHINE TYPE, 2020–2025 (UNIT)
                       11.4.1.3 By end-use
                                   TABLE 142 NORTH AMERICA: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (USD MILLION)
                                   TABLE 143 NORTH AMERICA: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (USD MILLION)
                                   TABLE 144 NORTH AMERICA: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (UNIT)
                                   TABLE 145 NORTH AMERICA: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (UNIT)
             11.4.2 EUROPE
                       11.4.2.1 By country
                                   TABLE 146 EUROPE: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                                   TABLE 147 EUROPE: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
                                   TABLE 148 EUROPE: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY COUNTRY, 2016–2019 (UNIT)
                                   TABLE 149 EUROPE: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY COUNTRY, 2020–2025 (UNIT)
                       11.4.2.2 By machine type
                                   TABLE 150 EUROPE: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY MACHINE TYPE, 2016–2019 (USD MILLION)
                                   TABLE 151 EUROPE: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY MACHINE TYPE, 2020–2025 (USD MILLION)
                                   TABLE 152 EUROPE: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY MACHINE TYPE, 2016–2019 (UNIT)
                                   TABLE 153 EUROPE: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY MACHINE TYPE, 2020–2025 (UNIT)
                       11.4.2.3 By end-use
                                   TABLE 154 EUROPE: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (USD MILLION)
                                   TABLE 155 EUROPE: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (USD MILLION)
                                   TABLE 156 EUROPE: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (UNIT)
                                   TABLE 157 EUROPE: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (UNIT)
             11.4.3 ASIA PACIFIC
                       11.4.3.1 By country
                                   TABLE 158 ASIA PACIFIC: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                                   TABLE 159 ASIA PACIFIC: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
                                   TABLE 160 ASIA PACIFIC: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY COUNTRY, 2016–2019 (UNIT)
                                   TABLE 161 ASIA PACIFIC: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY COUNTRY, 2020–2025 (UNIT)
                       11.4.3.2 By machine type
                                   TABLE 162 ASIA PACIFIC: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY MACHINE TYPE, 2016–2019 (USD MILLION)
                                   TABLE 163 ASIA PACIFIC: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY MACHINE TYPE, 2020–2025 (USD MILLION)
                                   TABLE 164 ASIA PACIFIC: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY MACHINE TYPE, 2016–2019 (UNIT)
                                   TABLE 165 ASIA PACIFIC: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY MACHINE TYPE, 2020–2025 (UNIT)
                       11.4.3.3 By end-use
                                   TABLE 166 ASIA PACIFIC: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (USD MILLION)
                                   TABLE 167 ASIA PACIFIC: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (USD MILLION)
                                   TABLE 168 ASIA PACIFIC: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (UNIT)
                                   TABLE 169 ASIA PACIFIC: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (UNIT)
             11.4.4 MIDDLE EAST & AFRICA
                       11.4.4.1 By country
                                   TABLE 170 MIDDLE EAST & AFRICA: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                                   TABLE 171 MIDDLE EAST & AFRICA: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
                                   TABLE 172 MIDDLE EAST & AFRICA: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY COUNTRY, 2016–2019 (UNIT)
                                   TABLE 173 MIDDLE EAST & AFRICA: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY COUNTRY, 2020–2025 (UNIT)
                       11.4.4.2 By machine type
                                   TABLE 174 MIDDLE EAST & AFRICA: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY MACHINE TYPE, 2016–2019 (USD MILLION)
                                   TABLE 175 MIDDLE EAST & AFRICA: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY MACHINE TYPE, 2020–2025 (USD MILLION)
                                   TABLE 176 MIDDLE EAST & AFRICA: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY MACHINE TYPE, 2016–2019 (UNIT)
                                   TABLE 177 MIDDLE EAST & AFRICA: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY MACHINE TYPE, 2020–2025 (UNIT)
                       11.4.4.3 By end-use
                                   TABLE 178 MIDDLE EAST & AFRICA: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (USD MILLION)
                                   TABLE 179 MIDDLE EAST & AFRICA: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (USD MILLION)
                                   TABLE 180 MIDDLE EAST & AFRICA: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (UNIT)
                                   TABLE 181 MIDDLE EAST & AFRICA: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (UNIT)
             11.4.5 SOUTH AMERICA
                       11.4.5.1 By country
                                   TABLE 182 SOUTH AMERICA: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                                   TABLE 183 SOUTH AMERICA: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
                                   TABLE 184 SOUTH AMERICA: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY COUNTRY, 2016–2019 (UNIT)
                                   TABLE 185 SOUTH AMERICA: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY COUNTRY, 2020–2025 (UNIT)
                       11.4.5.2 By machine type
                                   TABLE 186 SOUTH AMERICA: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY MACHINE TYPE, 2016–2019 (USD MILLION)
                                   TABLE 187 SOUTH AMERICA: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY MACHINE TYPE, 2020–2025 (USD MILLION)
                                   TABLE 188 SOUTH AMERICA: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY MACHINE TYPE, 2016–2019 (UNIT)
                                   TABLE 189 SOUTH AMERICA: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY MACHINE TYPE, 2020–2025 (UNIT)
                       11.4.5.3 By end-use
                                   TABLE 190 SOUTH AMERICA: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (USD MILLION)
                                   TABLE 191 SOUTH AMERICA: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (USD MILLION)
                                   TABLE 192 SOUTH AMERICA: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (UNIT)
                                   TABLE 193 SOUTH AMERICA: PLASTIC INJECTION MOLDING MACHINE MARKET SIZE, BY END-USE INDUSTRY, 2020–2025 (UNIT)

12 APPENDIX (Page No. - 198)
     12.1 DISCUSSION GUIDE
     12.2 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
     12.3 AVAILABLE CUSTOMIZATIONS
     12.4 RELATED REPORTS
     12.5 AUTHOR DETAILS

The study involved four major activities to estimate the market size for micro injection molded plastic. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.

Secondary Research

Secondary sources used in this study included annual reports, press releases, and investor presentations of companies; white papers; certified publications; articles from recognized authors; and gold standard & silver standard websites such as Factiva, ICIS, Bloomberg, and others. Findings of this study were verified through primary research by conducting extensive interviews with key officials such as CEOs, VPs, directors, and other executives.

Primary Research

The micro injection molded plastic market comprises several stakeholders such as raw material suppliers, manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by the development in end-use industries such as automotive, medical, optics, electronics and others. The supply side is characterized by advancements in technology and diverse application industries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of profiles of the primary interviewees is illustrated in the figure below:

Micro Injection Molded Plastic Market  Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the micro injection molded plastic market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

The key players in the industry have been identified through extensive secondary research.

  • The industry’s supply chain and market size, in terms of volume and value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  • To analyze and forecast the size of the micro injection molded plastic market, in terms of volume and value
  • To provide detailed information regarding key factors, such as drivers, restraints, and opportunities influencing the growth of the market
  • To define, describe, and segment the micro injection molded plastic market on the basis of raw material and application
  • To forecast the size of the market segments for regions such as Asia Pacific, North America, Europe, South America, and the Middle East & Africa
  • To strategically analyze the segmented markets with respect to individual growth trends, prospects, and contribution to the overall market
  • To identify and analyze opportunities for stakeholders in the market
  • To analyze competitive developments such as expansion, and agreement in the micro injection molded plastic market
  • To strategically profile key players and comprehensively analyze their core competencies

Available Customizations

Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Regional Analysis

  • Further breakdown of a region with respect to a particular country or additional application

Company Information

  • Detailed analysis and profiles of additional market players (up to five)
Micro Injection Molded Plastic Market Size,  Share & Growth Report
Report Code
CH 8035
Published ON
Jan, 2022
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