Micro Injection Molded Plastic Market worth $2.1 billion by 2028 | Key players Accumold LLC (US), Paragon Medical (US), SMC Ltd. (US), Spectrum Plastics Group, Inc. (US).

According to recent market research the "Micro Injection Molded Plastic Market by Material Type (LCP, PEEK, PC, PE, POM, PMMA, PEI, PBT), Application (Medical, Automotive, Optics, Electronics), and Region (North America, Asia Pacific, Europe, MEA, South America) - Global Forecast to 2028", size was USD 1.2 billion in 2023 and is projected to reach USD 2.1 billion by 2028, at a CAGR of 11.4%, between 2023 and 2028. Micro injection molding enables the production of lightweight plastic components with complex geometries, offering opportunities to replace heavier metal parts. This can contribute to overall weight reduction in vehicles without compromising on strength or performance. Particularly for high-volume production, micro injection molding can be a cost-effective manufacturing technique. It appeals to medical device manufacturers because it can swiftly and effectively produce huge quantities of small, complicated parts.

Browse 163 market data Tables and 45 Figures spread through 185 Pages and in-depth TOC on "Micro Injection Molded Plastic Market - Global Forecast to 2028"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/micro-injection-molded-plastic-market-81256553.html

PEEK is a high-performance thermoplastic polymer that exhibits excellent mechanical, thermal, and chemical properties. PEEK is widely utilized in a variety of sectors, including aerospace, automotive, and electronics, but it has also become very popular in the medical industry. In the medical business, PEEK material is in high demand for micro injection molded plastic applications. Factors such as strength and durability, chemical resistance, design flexibility and long stability drive the market for PEEK in micro injection molded plastic market.

The automotive segment is estimated to be the second-fastest growing application of the micro injection molded plastic market during the forecast period. The global automotive industry is also influenced by various trends such as the shift towards electric and hybrid vehicles, increasing demand for connectivity and autonomous driving features, and the growing popularity of shared mobility services. Multiple functions can be integrated into a single component using micro injection molding. This is crucial in automobile applications because there isn't much room. Manufacturers can cut assembly time, costs, and system performance by combining several parts into a single micro-molded component. All these factors drive the demand for Micro injection molded plastic in automotive application.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=81256553

Asia Pacific is home to some of the fastest-growing economies, such as China, India, and Southeast Asian countries. The economic growth in these countries drives medical, automotive, and electronics industries, which drives the demand for micro injection molded plastic. Also, the rising disposable income and increasing population in this region contributes to an increased expenditure on healthcare. Countries such as India and China have low-cost labor which attracts major automotive manufacturers to set up an operational plant in these countries. All these factors are driving the market for micro injection molded plastic in the Asia Pacific region.

The key players profiled in the report include Accumold LLC (US), Paragon Medical (US), SMC Ltd. (US), Spectrum Plastics Group, Inc. (US), Isometric Micro Molding, Inc. (US), Makuta Micro Molding (US), Precikam Inc. (Canada), MTD Micro Molding (US), among others.

Request Sample Pages @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=81256553

Accumold LLC is a company specializing in micro injection molding. It is based in Ankeny, Iowa, United States. Accumold focuses on manufacturing small and intricate plastic components using micro injection molding techniques. They specialize in creating intricate parts with tolerances that are frequently in the sub-millimeter level. The company caters to various end-use industries including healthcare, microelectronics, optics, automotive, and telecommunications. Companies from all over the world that need micro-sized plastic components for their products make up Accumold's clientele. They collaborate closely with their customers to comprehend their unique needs and offer specialised solutions.

Paragon Medical is a medical mold manufacturing company, they help accelerate new product development with medical device manufacturing and high-precision components for everything from implants, surgical instruments to single-use disposable devices. Paragon Medical specializes in the production of cases & trays, reusable instruments, implantable components, and drug delivery. The company has a global presence in countries such as the US, China, Poland, Switzerland, and Japan offering complete custom device services that focus entirely on healthcare industry.

Make an Enquiry @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=81256553

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Press Release: https://www.marketsandmarkets.com/PressReleases/micro-injection-molded-plastic.asp
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/micro-injection-molded-plastic-market.asp

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

This release was published on openPR.