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Growth in the automotive industry is likely to take the micro injection moulded plastic market ahead..

The global micro injection molded plastic market is expected to grow from $0.95 billion in 2022 to $1.07 billion in 2023 at a compound annual growth rate (CAGR) of 12.9%.The market is expected to reach $1.70 billion in 2027 at a CAGR of 12.01%.

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Global Micro Injection Molded Plastic Market Segments Include:

• By Types: Liquid-Crystal Polymer (LCP), Polyether Ether Ketone (PEEK), Polycarbonate (PC), Polyethylene (PE), Polyoxymethylene (POM), Polymethyl Methacrylate (PMMA), Polyetherimide (PEI), Polybutylene Terephthalate (PBT), Other Types
• By Machine type: All-Electric Injection Molding Machines, Hybrid Injection Molding Machines, Hydraulic Injection Molding Machine
• By Application: Medical, Automotive, Optics, Electronics, Other Applications
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global micro injection molded plastic market in 2021.

Major Market Players in the micro injection molded plastic market include Accumold LLC, Isometric Micro Molding Inc., Makuta Micro Molding (Makuta Inc.), Precimold Inc., MTD Micro Molding Inc., Microsystems Precision Medical Moulds.

Product innovations are the most prominent trends in the micro injection moulded plastic market. Major market participants are focusing their efforts on developing innovative technologies like as robotic arms, vision systems, automated quality control systems, and improved materials. For example, Omega Plastics, an India-based plastic injection moulding solutions provider, introduced a new precision specialised demag machinery in February 2022, which supports intricate mould designs and manufacturing flexibility. The tool enables the use of the smallest screw capable of processing typical thermoplastic pellets with shot weights ranging from 0.1g to 9g and a thickness of 14mm. It enables clients to produce components with dimensional accuracy requirements of a micron or less, making small shot weights and precision control easier to achieve.

The Micro Injection Molded Plastic Global Market Report 2023  provides a micro injection molded plastic market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The micro injection molded plastic market forecast analyzes micro injection molded plastic market size, micro injection molded plastic market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Plastic that has been moulded using the micro injection moulding technique is referred to as micro injection moulded plastic. Micro injection moulding is used to make very small parts and components like hearing aids, septum, pressure-sensing diaphragms, surgical equipment, and wearable drug-delivery devices.

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