The market for micro-injection molded plastic will expand to a turnover …

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The growth of the healthcare sector along with the increasing demand for durable and lightweight body parts, medical devices and machinery is a major driver of growth

NEW YORK CITY, NEW YORK, USA, Nov 04, 2022 // — Global size is expected to reach USD 2,624.7 million in 2030 and register a revenue CAGR of 11.3% over the forecast period, according to the latest report from Reports and Data. Growing demand for electric vehicles and growing awareness among individuals to use recyclable and durable parts in cars instead of metal parts are major factors driving the market revenue growth.

In addition, the expansion of the healthcare sector and the increasing demand from the automotive industry for the use of environmentally friendly materials for the production of machine parts are other factors that are driving the revenue growth of the market. Micro-injection molding technology is advantageous for ensuring lower manufacturing costs, less plastic waste, and adaptable design adjustments. Additionally, by using this technique, more durable and efficient plastics are created for industries such as medical, healthcare, automotive, aerospace and defense. Additionally, manufacturers are inclined to produce plastics using this technology due to its low volume production of many small and precise medical equipment components. The same devices can be produced with less time and energy, using micromolding machines. Additionally, an increasing number of manufacturers are considering this micro molding method to reduce energy costs accordingly.

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Key Companies Companies profiled in the global market report include Accumold, Isometric Micro Molding, Makuta, Inc., MTD Micro Molding, Microsystems UK, Knightsbridge Plastics Inc., Polymermedics Ltd, Microdyne Plastics Inc., Sovrin Plastics, and Micro Molding Inc. .

Some highlights of the report

On February 22, 2022, Celanese Corp announced the acquisition of DuPont and takeover of the mobility and materials unit as well as the engineering polymers production line for 11 billion USD. With this acquisition, the company will move 5,000 employees and 29 manufacturing sites to Celanese.
The liquid crystal polymer (LCP) segment accounted for the largest share of revenue in 2021. LCPs are used in mechanical and electrical parts as well as food containers due to their low melt viscosity, ability to be molded to precise tolerances, fast cycle times, mold sinkage, mechanical properties, solvent resistance, high continuous use temperature, 1qw flammability, low thermal expansion, low water absorption, barrier properties and excellent weld resistance. Additionally, LCP is used more efficiently and effectively in applications with high chemical resistance and inertness. Additionally, the use of LCP in devices, connectors, engineering components, industrial applications, optical applications, and automotive applications is expected to drive the revenue growth of this segment.
The medical and healthcare segment is expected to register a steady revenue growth rate over the forecast period. Micro-molded parts are widely used in surgical devices due to their economical and efficient technique of creating medical equipment. Moreover, there is an increasing demand in the pharmaceutical industry due to their high levels of precision, accuracy and quality. Additionally, it is widely used to manufacture medical devices, including test instruments and laboratory tools, as a specialized form of micromolding can produce final components weighing even less than 1 gram and measuring less than 1 millimeter in cross-section. transverse. This factor is driving the revenue growth of this segment.

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Material Type Outlook (Revenue, USD Billion; Volume, Kilotons; 2019 – 2030)

Liquid crystal polymer (LCP)
Polyether ether ketone (PEEK)
Polycarbonate (PC)
Polyethylene (PE)
Polyoxymethylene (POM)

Application Outlook (Revenue, USD Billion; Volume, Kilotons; 2019 – 2030)

Medical & Health
Automotive
Telecom & Optics
Aerospace and Defense
Packaging
Others

Key Regional Markets Covered in the Report:

North America (United States, Canada, Mexico)
Europe (Italy, UK, Germany, France, Rest of Europe)
Asia-Pacific (India, China, Japan, South Korea, Australia, Rest of Asia-Pacific)
Latin America (Chile, Brazil, Argentina, Peru, rest of Latin America)

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Key questions answered by the report:

What is the expected annual growth of the injection molded microplastics market during the forecast period?
What key trends are expected to influence market revenue growth in the future?
Which region is expected to account for the largest revenue share during the forecast period?
Which key companies are profiled in the report?

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