Micro injection molding, as the name suggests, is a molding process which requires a specific molding machine with high injection pressure and speed, precise shot control, and ultra fine resolution for molding small sized tools and parts. This technique is used for the development of small or micro products that require precise specifications. Micro injection molding is usually done for the parts that are designed with weight less than a milligram and size less than 1mm. Use of this technique is not limited to only small parts but may be used for large products which require micro sized features such as thickness, diameter hole, etc.
Silicone is the major raw material used for micro molding, owing to its physical and chemical properties. However, silicone is costly and impacts the profitability of molders. In order to reduce manufacturing cost, polymers came into existence in the 90s. Polymer based micro molded products find applications in almost all of the application areas where silicones are being used. Polymers are further classified as thermosets, thermoplastics and elastomers out of which thermoplastics are majorly used for various applications in end-use industries.
In the medical industry, micro injection molding is conducted to manufacture parts such as sensors, implants, tubes, catheter tips, micro optics and others. Molded products are slowly replacing machined components that have been used traditionally in the industry. The growing trend of small devices coupled with increasing number of minimally invasive surgeries per day has been boosting the demand for micro sized parts from medical device manufacturers. The key advantage of micro injection molding over micromachining is cost savings. Micro injection molding takes a fraction of time to mold the components and utilizes low cost raw materials compared to machining and results in high cost savings.
Medical and healthcare applications dominated thermoplastics micro molding market and accounted for 35% of the total market in 2012. The rapid development of micro fluidics technology mainly in North America and Europe is expected to drive the market for micro molding in medical and healthcare over the forecast period. Micro molding is used for manufacturing micro connectors in telecom fiber optics. Telecom fiber optics application is expected to exceed USD 95 million by 2019. Micro molding is used for manufacturing micro switches, connectors and airbag sensors in the automotive industry. It is expected to grow at an estimated CAGR of nearly 14% from 2013 to 2019. Global thermoplastic micro molding demand from drive systems and control is expected to reach over USD 89 million by 2019.
North America has been leading the polymer micro molding market and is expected to grow at a CAGR of approximately 14.5% between 2013 and 2019. The region is expected to experience high growth in minimally invasive surgeries during the forecast period hence leading to high components demand from the medical industry. Europe emerged as second largest polymer micro molding market and is expected to account for nearly 36% of the total market in 2019. Most of the developing countries such as India and China have been utilizing machined parts and conventional injection molding products. Since the awareness of micro molding technology is low in Asia Pacific, the end-use industries are still using machined products. Asia Pacific is expected to grow at an estimated CAGR of 14.6% from 2013 to 2019.
The global polymer micro molding injection market is highly fragmented with large number of small manufacturers. The market is mainly concentrated in the Western region such as North America and Europe. The key industry participants include Accumold, ALC Precision, Micromold Inc, American Precision Products, Makuta Technics, Micromolding Solutions, Micro Precision Products, Precimold Inc, Rolla AG, Rapidwerks, Stack Plastics, Stamm and Sovrin Plastics among others.
1. Preface
1.1. Report Description
1.2. Market Segmentation
1.3. Research scope and assumptions
1.4. Research Methodology
2. Executive Summary
2.1. Global polymer micro molding market estimates and forecast, 2012-2019 (USD million)
2.2. Global thermoplastics micro molding market estimates and forecast, 2012-2019 (USD million)
2.3. Global micro molding market snapshot, 2012 and 2019
3. Micro Molding - Industry Analysis
3.1. Market derivation
3.2. Introduction
3.3. Value chain analysis
3.4. Raw material analysis
3.5. Market Drivers
3.5.1. Growing demand from medical and healthcare applications
3.5.2. Cost effective alternative to micromachining
3.6. Market Restraints
3.6.1. Low awareness in developing regions
3.7. Porters five force analysis
3.7.1. Bargaining power of suppliers
3.7.2. Bargaining power of buyers
3.7.3. Threat of substitutes
3.7.4. Threat of new entrants
3.7.5. Degree of competition
3.8. Micro molding: Market attractiveness analysis
4. Thermoplastic Micro Molding Market - Application Analysis
4.1. Global thermoplastic micro molding market: Application overview
4.1.1. Global thermoplastic micro molding market revenue share by application, 2012 and 2019
4.2. Global thermoplastic micro molding, by application
4.2.1. Medical and Healthcare
4.2.1.1. Global thermoplastic micro molding demand from medical and healthcare, 2012-2019 (USD Million)
4.2.2. Telecom fiber optics
4.2.2.1. Global thermoplastic micro molding demand from telecom fiber optics, 2012-2019 (USD Million)
4.2.3. Automotive
4.2.3.1. Global thermoplastic micro molding demand from automotive, 2012-2019 (USD Million)
4.2.4. Micro drive systems and control
4.2.4.1. Global thermoplastic micro molding demand from micro drive systems and control, 2012-2019 (USD Million)
4.2.5. Other
4.2.5.1. Global thermoplastic micro molding demand from other, 2012-2019 (USD Million)
5. Micro Molding Market - Regional Analysis
5.1. Global polymer micro molding market: Regional overview
5.1.1. Global polymer micro molding market revenue share by region, 2012 and 2019
5.2. Global polymer micro molding market, by region
5.2.1. North America
5.2.1.1. North America polymer micro molding market estimates and forecast, 2012-2019 (USD Million)
5.2.2. Europe
5.2.2.1. Europe polymer micro molding market estimates and forecast, 2012-2019 (USD Million)
5.2.3. Asia Pacific
5.2.3.1. Asia Pacific polymer micro molding market estimates and forecast, 2012-2019 (USD Million)
5.2.4. Rest of the World (RoW)
5.2.4.1. RoW polymer micro molding market estimates and forecast, 2012-2019 (USD Million)
5.3. Global thermoplastic micro molding market: Regional overview
5.3.1. Global thermoplastic micro molding market revenue share by region, 2012 and 2019
5.4. Global thermoplastic micro molding market, by region
5.4.1. North America
5.4.1.1. North America thermoplastic micro molding market estimates and forecast, 2012-2019 (USD Million)
5.4.1.2. North America thermoplastic micro molding market estimates and forecast by application, 2012-2019 (USD million)
5.4.2. Europe
5.4.2.1. Europe thermoplastic micro molding market estimates and forecast, 2012-2019 (USD Million)
5.4.2.2. Europe thermoplastic micro molding market estimates and forecast by application, 2012-2019 (USD million)
5.4.3. Asia Pacific
5.4.3.1. Asia Pacific thermoplastic micro molding market estimates and forecast, 2012-2019 (USD Million)
5.4.3.2. Asia Pacific thermoplastic micro molding market estimates and forecast by application, 2012-2019 (USD million)
5.4.4. Rest of the World (RoW)
5.4.4.1. Rest of the World thermoplastic micro molding market estimates and forecast, 2012-2019 (USD Million)
5.4.4.2. Rest of the World thermoplastic micro molding market estimates and forecast by application, 2012-2019 (USD million)
6. Company Profiles
6.1. Accu-Mold LLC
6.1.1. Company overview
6.1.2. Product portfolio
6.1.3. Business strategies
6.1.4. SWOT analysis
6.1.5. Recent developments
6.2. ALC Precision (American Laubsher Corp.) NY
6.2.1. Company overview
6.2.2. Product portfolio
6.2.3. Business strategies
6.2.4. SWOT analysis
6.3. American Precision Products
6.3.1. Company overview
6.3.2. Product Portfolio
6.3.3. Business strategies
6.3.4. SWOT analysis
6.3.5. Recent developments
6.4. Makuta Technics Inc.
6.4.1. Company overview
6.4.2. Product portfolio
6.4.3. Business strategies
6.4.4. SWOT analysis
6.5. Micromolding Solutions Inc.
6.5.1. Company overview
6.5.2. Product Portfolio
6.5.3. Business strategies
6.5.4. SWOT analysis
6.5.5. Recent developments
6.6. Precimold Incorporation
6.6.1. Company overview
6.6.2. Business strategies
6.6.3. SWOT analysis
6.7. Stack Plastics Inc.
6.7.1. Company overview
6.7.2. Product portfolio
6.7.3. Business strategies
6.7.4. SWOT analysis
6.8. Stamm AG
6.8.1. Company overview
6.8.2. Business strategies
6.8.3. SWOT Analysis
6.8.4. Recent developments
6.9. Sovrin Plastics
6.9.1. Company overview
6.9.2. `Product Portfolio
6.9.3. Business strategy
6.9.4. SWOT analysis
6.9.5. Recent developments
List of Tables
TABLE 1: Global micro molding market snapshot, 2012 and 2019
TABLE 2: Parameters for Injection and Micro injection molding
TABLE 3: Major polymers and their applications in micro molding
TABLE 4: Drivers for micro molding market: Impact Analysis
TABLE 5: Benefits of micro injection molding over micromachining
TABLE 6: Cost comparison of micro machined and micro molded products
TABLE 7: Restraints for micro molding marker: Impact analysis
TABLE 8: North America thermoplastic micro molding market estimates and forecast by application, 2012-2019 (USD million)
TABLE 9: Europe thermoplastic micro molding market estimates and forecast by application, 2012-2019 (USD million)
TABLE 10: Asia Pacific thermoplastic micro molding market estimates and forecast by application, 2012-2019 (USD million)
TABLE 11: Rest of the World thermoplastic micro molding market estimates and forecast by application, 2012-2019 (USD million)
List of Figures
FIG. 1: Micro molding: Market segmentation
FIG. 2: Global polymer micro molding market estimates and forecast, 2012-2019 (USD million)
FIG. 3: Global thermoplastics micro molding market estimates and forecast, 2012-2019 (USD million)
FIG. 4: Micro molding: Market derivation
FIG. 5: Micro molding market: Value chain analysis
FIG. 6: Share of polymers used for micro molding, 2012
FIG. 7: Cosmetic minimally invasive surgeries in the U.S. from 2011 and 2012 (Million)
FIG. 8: Porters five force analysis
FIG. 9: Micro molding: Market attractiveness analysis
FIG. 10: Global thermoplastic micro molding market revenue share by application, 2012 and 2019
FIG. 11: Global thermoplastic micro molding demand from medical and healthcare, 2012-2019 (USD Million)
FIG. 12: Global thermoplastic micro molding demand from telecom fiber optics, 2012-2019 (USD Million)
FIG. 13: Global thermoplastic micro molding demand from automotive, 2012-2019 (USD Million)
FIG. 14: Global thermoplastic micro molding demand from micro drive systems and control, 2012-2019 (USD Million)
FIG. 15: Global thermoplastic micro molding demand from other, 2012-2019 (USD Million)
FIG. 16: Global polymer micro molding market revenue share by region, 2012 and 2019
FIG. 17: North America polymer micro molding market estimates and forecast, 2012-2019 (USD Million)
FIG. 18: Europe polymer micro molding market estimates and forecast, 2012-2019 (USD Million)
FIG. 19: Asia Pacific polymer micro molding market estimates and forecast, 2012-2019 (USD Million)
FIG. 20: RoW polymer micro molding market estimates and forecast, 2012-2019 (USD Million)
FIG. 21: Global thermoplastic micro molding market revenue share by region, 2012 and 2019
FIG. 22: North America thermoplastic micro molding market estimates and forecast, 2012-2019 (USD Million)
FIG. 23: Europe thermoplastic micro molding market estimates and forecast, 2012-2019 (USD Million)
FIG. 24: Asia Pacific thermoplastic micro molding market estimates and forecast, 2012-2019 (USD Million)
FIG. 25: RoW thermoplastic micro molding market estimates and forecast, 2012-2019 (USD Million)
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Polymer and Thermoplastic Micro Molding Market
