Transparency Market Research published new
market report "Polymer and
Thermoplastic Micro Molding Market for Medical, Telecom Fiber Optics,
Automotive, Micro Drive Systems and Control and Other Applications -
Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013
- 2019," global polymer and thermoplastic micro molding
market was valued at USD 308.0 million in 2012 and is expected to reach USD
763.6 million by 2019, growing at a CAGR of 14.2% from 2013 to 2019.
Browse the full report at http://www.transparencymarketresearch.com/polymer-thermoplastic-micro-molding.html
Growing demand
for micro molded products from various end use industries such as medical,
automotive and telecom coupled with cost advantage offered by polymers used for
micro molding is expected to drive the market over the forecast period. The
rapid development of micro fluidics and micro optics technologies mainly in the
U.S. and Europe are also expected to augment the market. In addition, the
growing number of MIS (minimally invasive surgeries) which extensively use
micro molding is expected to boost the market for thermoplastic micro molding
over the forecast period. However, the lack of awareness in developing regions
such as Latin America, South East Asia and Middle East is expected to hinder
the market growth.
Medical and
healthcare emerged as the leading market for micro molding and accounted for
35% of the total thermoplastic micro molded products in 2012. It is also
expected to be the fastest growing market for micro molded thermoplastics over
the forecast period. Automotive application is expected to exceed USD 151
million by 2019. The growing production of automotives across the globe is
expected to drive the market for micro molding over the forecast period.
Telecom fiber optics and micro drive systems and control are expected to grow
at an estimated CAGR of 13.8% and 14% respectively, from 2013 to 2019.
North America has
been dominating the polymer micro molding market with high consumption of small
sized products in several end-use industries and accounted for nearly 44% of
the total revenue in 2012. Growing awareness of micro molding and early
adoption of the technology in Europe are expected to lead high growth in the
demand for micro molded products. European polymer micro molding market is
expected to grow at a CAGR of 13.5% between 2013 and 2019. The Asia Pacific
market is expected to reach nearly USD 110 million by 2019. Rest of the world
polymer micro molding market was valued at USD 11.9 million in 2012.
North America
continued to lead the global market and accounted for more than 48% of the
total thermoplastic micro molded revenue in 2012. Micro molding is still in its
infancy stage in Asia Pacific with most of the Asia Pacific market being
captured by Japan. However, the region holds great potential for growth in the
near future and is expected to grow at an estimated CAGR of 14.8% from 2013 to
2019. European thermoplastic micro molding market is expected to reach
approximately USD 219 million by 2019. Germany accounts for almost half of the
total micro molding market owing to its growing healthcare expenditure and its
leading position in automobile manufacturing. Rest of the world thermoplastic
micro molding
market was worth USD 7.4 million in 2012.
The market for
micro molding is mainly situated in the western hemisphere of the world. Some
of the well known micro molders 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
Thermoplastic Micro Molding
Market: Application Analysis
- Medical and healthcare
- Telecom fiber optics
- Automotive
- Micro drive systems and
control
- Other (Including
computers, material and technology trials in universities, etc.)
Thermoplastic Micro Molding
Market: Regional Analysis
- North America
- Europe
- Asia Pacific
- Rest of the World
Polymer Micro Molding Market:
Regional Analysis
- North America
- Europe
- Asia Pacific
- Rest of the World
Chemicals Market Reports
Related Blogs :
TABLE OF CONTENTS (TOC Summary)
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Micro Molding - Industry Analysis
Chapter 4 Thermoplastic Micro Molding Market -
Application Analysis
Chapter 5 Europe X-Ray Devices Market
Chapter 6 Company Profiles
Browse Related reports With Full TOC at
About Us:
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Market Research is a market intelligence company providing global business
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are privileged with highly experienced team of Analysts, Researchers and
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Browse the full report at http://www.transparencymarketresearch.com/polymer-thermoplastic-micro-molding.html
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