Micro Injection Molded Plastic Market Report 2025

The micro injection molded plastic market size has grown rapidly in recent years. It will grow from $1.2 billion in 2024 to $1.35 billion in 2025 at a compound annual growth rate (CAGR) of 12.4%. The growth in the historic period can be attributed to automotive lubricants, metalworking fluids, rubber processing, increased textile applications, plasticizers production, metal protection.

The micro injection molded plastic market size is expected to see rapid growth in the next few years. It will grow to $2.16 billion in 2029 at a compound annual growth rate (CAGR) of 12.4%. The growth in the forecast period can be attributed to growing automotive industry, demand for specialty lubricants, expansion of metalworking industry, adoption of bio-based plastics, increasing textile production. Major trends in the forecast period include technological advancements in production, market consolidation and strategic alliances, adoption of bio-based plastics, grease formulations, sustainable and bio-based alternatives.

The anticipated expansion of the automotive sector is expected to boost the micro injection molded plastic market in the future. The term "automotive" encompasses various types of mobile machinery, including cars, trucks, buses, vans, motorcycles, and golf carts. In the automotive industry, microinjection molded plastics are utilized to manufacture small components such as fenders, grilles, bumpers, door panels, floor rails, light housings, gears, housings, and connectors. This demand arises from the necessity for lightweight materials, high-precision components, and more intricate designs. In electric vehicles, micro injection molded plastics are used for electronic components like DC converters, all-electric auxiliaries, electric traction motors, traction battery packs, and electric gearboxes. For example, in February 2023, the European Automobile Manufacturers Association (ACEA), a Belgium-based organization representing the automotive industry in the European Union, reported that over 68 million passenger cars were produced worldwide in 2022, marking a 7.9% increase from 2021. Additionally, in December 2023, data from the U.S. Environmental Protection Agency, a government agency in the United States, indicated that the combined production share of electric vehicles (EVs), plug-in hybrid vehicles (PHEVs), and fuel cell electric vehicles (FCVs) rose from 4% in 2021 to 7% in 2022, with projections suggesting a further increase to 12% by 2023. Thus, the growth of the automotive sector is a key driver of the micro injection molded plastic market.

The expected increase in electronics production is set to drive the growth of the micro-injection molded plastic market in the coming years. Electronics encompass systems and devices that use electronic components to process and transmit information or perform various functions. Micro injection-molded plastics facilitate the manufacturing of complex components for electronic devices, enhancing their efficiency and functionality. For example, in February 2024, Uswitch reported that at the beginning of 2022, the UK had 71.8 million mobile connections - 4.2 million more than its population - reflecting a 3.8% increase from 2021 (approximately 2.6 million). Therefore, the rise in electronics production is fueling the micro injection molded plastic market.

Product innovations are emerging as key trends, with major players concentrating on the development of innovative technologies, including automation features such as robotic arms, vision systems, and advanced materials. A case in point is Omega Plastics, an India-based plastic injection molding solutions company, which installed a precision specialized demag machinery capable of supporting complex mold designs and manufacturing flexibility. This innovation enables the production of components with micron-level dimensional accuracy, facilitating small shot weights and precision control.

Major companies in the micro-injection molded plastic market are directing their efforts towards the development of high-heat polymers, particularly glass-filled liquid crystal polymer (LCP), to meet critical safety requirements in electric vehicle (EV) battery components and boost their market revenues. Solvay, a Belgium-based chemical company, introduced the Xydar LCP G-330 HH in March 2023. This high-heat and flame-retardant polymer, suitable for injection molding, addresses safety demands for EV battery module plates by maintaining electrical insulation at 400°C for 30 minutes. The material is inherently flame retardant without halogen or bromine additives, offering exceptional flowability and enabling the production of thinner parts compared to other insulation materials.

In January 2023, MHT Mold & Hotrunner Technology AG, a Germany-based developer and manufacturer of injection molding tools, joined forces with KEBO to develop a blood collection tube (BCT) and provide comprehensive solutions to their customers, particularly in the realm of blood collection systems. This collaboration combines MHT's expertise in blood collection tube injection molds and PET hot runners with KEBO's industry-leading knowledge in medical injection molds and hot runner solutions, allowing both organizations to expand their offerings in full BCT solutions for consumers. KEBO, based in Switzerland, specializes in developing thin-wall products for packaging and high-performance injection molds and hot runner solutions for the medical industry.

Major companies operating in the micro injection molded plastic market include Accumold LLC, Isometric Micro Molding Inc., Makuta Micro Molding Inc., Precimold Inc., MTD Micro Molding Inc., Microsystems Precision Medical Moulds, Veejay Plastics Injection Molding Company, Knightsbridge Plastics Inc., Polymermedics Ltd., Manner Plastics LP, Microdyne Plastics Inc., SMC Ltd., Mikrotech LLC, Sovrin Plastics Ltd., Stack Plastics Inc., 3A Composites, D&M Plastics LLC, ExxonMobil Corporation, INEOS Group Holdings SA, Spectrum Plastics Group Inc., LyondellBasell Industries Holdings B.V., Paragon Medical Inc., GSH Industries Inc., Rogan Corporation, Saudi Basic Industries Corporation, BMP Medical Ltd., Precikam Inc., Precission Micro molding LLC, Micromold Inc.

Asia-Pacific was the largest region in the micro injection molded plastic market in 2024. The regions covered in the micro injection molded plastic market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the micro injection molded plastic market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Micro injection molded plastic refers to plastic molded using the micro injection molding technique, which is employed for manufacturing very small parts and components such as hearing aids, septum, pressure-sensing diaphragms, surgical devices, and wearable drug-delivery devices.

The main types of micro injection molded plastic include liquid-crystal polymer (LCP), polyether ether ketone (PEEK), polycarbonate (PC), polyethylene (PE), polyoxymethylene (POM), polymethyl methacrylate (PMMA), polyetherimide (PEI), polybutylene terephthalate (PBT), and others. Liquid-crystal polymer (LCP) refers to a unique class of thermoplastic exhibiting qualities between highly ordered solid crystalline materials and amorphous disordered liquids within a narrow temperature range. The processing of these plastics involves various machine types, such as all-electric injection molding machines, hybrid injection molding machines, and hydraulic injection molding machines. Micro injection molded plastics find applications in various sectors, including medical, automotive, optics, electronics, and others.

The micro injection molded plastic market research report is one of a series of new reports that provides micro injection molded plastic market statistics, including micro injection molded plastic industry global market size, regional shares, competitors with a micro injection molded plastic market share, detailed micro injection molded plastic market segments, market trends and opportunities, and any further data you may need to thrive in the micro injection molded plastic industry. This microinjection-molded plastic market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The micro injection molded plastic market consists of sales of ABS (Acrylonitrile Butadiene Styrene), Polyamide, Polystyrene, and others. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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