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Dallas/Texas, Oct. 27, 2022 (GLOBE NEWSWIRE) — Micro injection molding is a manufacturing technique that involves injecting molten plastic into moulds using incredibly tiny nozzles. Products with intricate details and shapes that are challenging or impossible to construct using other techniques are made utilizing this approach. Additionally, micro injection moulding is frequently utilized to produce components for goods that must be incredibly small or light, such as cell phones and laptop computers. Micro Injection Molding Market is a result of the rising demand for items that may be customized. The demand for merchandise that is one-of-a-kind and unavailable on the market has increased as a result of the customization trend. The desire for items that are simple to make and have cheap production costs has increased as a result of this trend.
At a CAGR of 10.9% over the forecast period, the global market for micro injection molding Market is anticipated to increase from USD 2.24 billion in 2019 to USD 5.5 billion by 2029. This expansion might be attributable to the rising demand for medical and healthcare equipment as well as automotive parts globally.
- Stamm AG
- Sovrin Plastics
- Makuta Technics
- Precimold Inc.
- Rolla AG
- Micromold Inc.
- and American Laubscher Corp
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There are three primary varieties of micro injection molding: polyethylene (PE), polycarbonate (PC), and polyether ether ketone (PEEK), each of which is further broken down into a distinct technique. Medical and healthcare equipment, automotive parts, telecom-fibre optics, and micro drive systems & control are a few of the many industries where micro injection moulding is used. Moreover, a variety of different small parts and components for several industries can be produced using this type of molding.
Segmentations of Micro Injection Molding Market