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Global Polymer Microinjection Molding Industry 2014 to 2020 – Market Estimate, Competitive Landscape

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Global Polymer Microinjection Molding Industry 2014 to 2020 – Market Estimate, Competitive Landscape
San Francisco, January 23, 2014 - The global market for microinjection polymer molding is expected to reach USD 897.3 million by 2020; according to a new study by Grand View Research, Inc. Growing demand for small sized components mainly from the medical industry is expected to be a key driving factor for the market. Microinjection molding is used to manufacture highly valued micro medical components such as sensors, implants, tubes, catheter tips and microoptics among some other components; the growing demand for these has had a positive impact on the market. The report further observes that shift in trend towards adoption of micromolding over micromachining, owing to its cost efficiency and development of microoptics and microfluidics technologies, particularly in North America and Europe is also expected to play a major role in the market growth.

Medical and healthcare emerged as the leading application markets for microinjection molding and accounted for just over one-third of the total market in 2012. Along with being the largest market, these are also expected to be the fastest growing market for microinjection molding at an estimated CAGR of 15.2% from 2013 to 2020. Growing demand for small sized components on account of increasing number of minimally invasive surgeries is expected to drive the market over the next six years. Automotive industry trailed medical and healthcare industry in the overall demand for microinjection polymer molding. The global market for microinjection polymer molding in automotive industry is expected to exceed USD 200 million by 2020.

The report “Polymer Microinjection Molding Industry Trends and Market Segment Forecasts to 2020,” is available now to Grand View Research customers and can also be purchased directly at http://www.grandviewresearch.com/industry-analysis/polymer-microinjection-molding-industry

Further Key findings from the study suggest:

North America emerged as the leading market for microinjection
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