Thermoplastic Micro Molding Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 7.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Thermoplastic Micro Molding Market Analysis
The market for the thermoplastic micro molding is expected to grow at a CAGR of more than 7% globally during the forecast period.
Increasing applications in the manufacturing of micromechanical parts and growing demand from the medical sector are driving the market growth.
The outbreak of COVID-19 and other reasons are expected to hinder the market growth.
Thermoplastic Micro Molding Market Trends
This section covers the major market trends shaping the Thermoplastic Micro Molding Market according to our research experts:
Growing Demand from Automobile and Medical Industry
- Thermoplastic Micro molding is a highly focused manufacturing process that produces particularly small, high-precision thermoplastic parts and components. It majorly finds its applications in automobiles, medical and healthcare, micro-optics and electronic industries, packaging, and other micromechanical parts.
- Various forms of materials are being used for better outcome of the final products. The materials used are polyetheretherketone, liquid crystal polymer, polyoxymethylene, polycarbonate, polyamide, polyethylene, and a few others.
- The automotive industry has been using micro-molding technology for over a decade. It is mainly employed for sensor and rotor housings, micro gear wheels, interior parts, etc..
- Also, these products help in vehicle weight reduction processes that support in increasing the performance and efficiency of the vehicles.
- Medical Industry is the major segment in the usage of thermoplastic micro molding technology. Some of the applications are microfilter for acoustics, hearing aids, Implantable clip, bearing caps, sensor housing implantables, catheter tips, micro-optics, and so on.
- The impact of the COVID-19 lockdown is expected to decrease the demand for thermoplastic micro molding from manufacturing industries in the short term.
- Increasing applications for micromechanical parts and technological advancements in the medical industry in developed regions are expected to drive the demand for thermoplastic micro molding market through the years to come.
Asia-Pacific Region to Dominate the Market
- Asia-Pacific is expected to dominate the global market owing to the highly developed automobile and automation sectors in China, Korea, and Japan, coupled with the continuous investments done in the region to advance the medical, packaging, and aerospace technologies through the years.
- Thermoplastic microinjection molding can be defined as one of the key technologies for micro-manufacturing because of its mass production capability and relatively low production cost.
- Electronic components and devices are meant for long term use and thus the quality of components that are used in the manufacturing process ought to be of the highest level. The thermoplastic micro molding process has been helping the electronic industry to meet their expectations.
- SIM card connectors, pin connectors, single and multi-mode ferrules, coax plugs are few applications of these molded products in the electronic industry.
- The growing production and assembly bases for automobile, aerospace components in the Asia-Pacific regions in recent years are expected to provide scope for the usage of the thermoplastic micro molding shortly.
- According to hearit.org, among people living in the Delhi area in India showed an overall prevalence of hearing loss was 26.9% among persons aged 5 years and over, for the year 2019.
- Growing usage of hearing aids and other health care equipments has increased the demand for thermoplastic micro molding from the medical sector.
- The growth in aerospace and automobile technologies in China, Japan, Korea, and India, and expanding packaging and medical industries in developing countries are expected to drive the market for thermoplastic micro molding through the years to come.
Thermoplastic Micro Molding Industry Overview
The global thermoplastic micro molding market is fragmented in nature with many players competing in the market. Some of the major companies are Accumold, Stack Plastics, Makuta Technics Inc, SMC CORPORATION, and MTD Micro Molding, among others.
Thermoplastic Micro Molding Market Leaders
Accumold
Stack Plastics
Makuta Technics Inc
SMC CORPORATION
MTD Micro Molding
*Disclaimer: Major Players sorted in no particular order
Thermoplastic Micro Molding Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Increasing Applications in the Manufacturing of Micromechanical Parts
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4.1.2 Growing Demand from the Medical Sector
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4.2 Restraints
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4.2.1 Impact of COVID-19
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4.2.2 Other Restraints
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4.3 Industry Value Chain Analysis
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4.4 Porters Five Forces Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Material Type
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5.1.1 Liquid Crystal Polymer (LCP)
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5.1.2 Polyether Ether Ketone (PEEK)
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5.1.3 Polyphenylene Sulfide (PPS)
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5.1.4 Other Types
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5.2 End-user Industry
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5.2.1 Automotive
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5.2.2 Electronics
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5.2.3 Medical
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5.2.4 Packaging
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5.2.5 Other End-user Industries
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5.3 Geography
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5.3.1 Asia-Pacific
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5.3.1.1 China
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5.3.1.2 India
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5.3.1.3 Japan
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5.3.1.4 South Korea
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5.3.1.5 Rest of Asia-Pacific
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5.3.2 North America
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5.3.2.1 United States
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5.3.2.2 Canada
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5.3.2.3 Mexico
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5.3.3 Europe
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5.3.3.1 Germany
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5.3.3.2 United Kingdom
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5.3.3.3 France
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5.3.3.4 Italy
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5.3.3.5 Rest of Europe
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5.3.4 Rest of the World
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5.3.4.1 South America
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5.3.4.2 Middle East & Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share (%)/Ranking Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 SMC CORPORATION
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6.4.2 Accumold
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6.4.3 American Precision Products
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6.4.4 DONGGUAN SINCERE TECH CO.LTD
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6.4.5 Isometric Micro Molding Inc
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6.4.6 Kamek Precision Tools
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6.4.7 Makuta Technics Inc
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6.4.8 MTD Micro Molding
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6.4.9 Stack Plastics
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6.4.10 Veejay Plastic Injection Molding Company
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7.1 Increasing Demand from Electronics Sector
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7.2 Other Opportunities
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Thermoplastic Micro Molding Industry Segmentation
The Thermoplastic Micro Molding Market report include:
| Material Type | |
| Liquid Crystal Polymer (LCP) | |
| Polyether Ether Ketone (PEEK) | |
| Polyphenylene Sulfide (PPS) | |
| Other Types |
| End-user Industry | |
| Automotive | |
| Electronics | |
| Medical | |
| Packaging | |
| Other End-user Industries |
| Geography | |||||||
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Thermoplastic Micro Molding Market Research FAQs
What is the current Thermoplastic Micro Molding Market size?
The Thermoplastic Micro Molding Market is projected to register a CAGR of greater than 7% during the forecast period (2024-2029)
Who are the key players in Thermoplastic Micro Molding Market?
Accumold , Stack Plastics , Makuta Technics Inc , SMC CORPORATION and MTD Micro Molding are the major companies operating in the Thermoplastic Micro Molding Market.
Which is the fastest growing region in Thermoplastic Micro Molding Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Thermoplastic Micro Molding Market?
In 2024, the North America accounts for the largest market share in Thermoplastic Micro Molding Market.
What years does this Thermoplastic Micro Molding Market cover?
The report covers the Thermoplastic Micro Molding Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Thermoplastic Micro Molding Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Thermoplastic Micro Molding Industry Report
Statistics for the 2024 Thermoplastic Micro Molding market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Thermoplastic Micro Molding analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
