Polymer Microinjection Molding Market Size, Market Share, Application Analysis, Regional Outlook, Growth, Trends, Competitive Scenario and Forecasts, 2012 to 2020

Industry Insights

Growing miniature materials demand for several applications in end-use industries such as electronics, telecom, automotive and medical is anticipated to drive the global polymer microinjection molding market growth over the next five years. Polymer microinjection molding process is used to manufacture micro sized tools and parts through a machine comprising fine resolution, injection pressure, and high speed specific molds as per requirements. Some primary polymers used for the process include polymethyl methacrylate (PMMA), polyether ether ketone (PEEK), polyoxymethylene, polyethylene, polylactic acid and liquid crystal polymer. Thermoplastics dominated the global polymer microinjection molding market accounting for over 64% in 2013. Increasing demand for micro materials in electronic and medical industry is expected to bolster the global market over the forecast period. Shifting focus towards substituting polymers comprising phthalate with thermoplastics is anticipated surge the demand for microinjection molding in medical industry. Microinjection molding is used to manufacture parts and tools which require accurate geometries and high precision features such as micro filters, bearing caps and ear implants. Other important product applications include micro gear plate, wheel and operating pin in automobile industry.

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Microinjection molding is more advantageous than micromachining. It takes less molding time with high precision and uses low cost feedstock such as PEEK, whereas micromachining uses stainless steel which results in high manufacturing cost. Micro machining also uses ceramic and other metallic as raw materials which reduce efficiency and increase manufacturing cost. Growing applications in end-use industries is expected to boost the global polymer microinjection molding market over the next five years. Less awareness...