What is Thermoplastic Micro Molding?
Thermoplastic Micro molding is a highly focused manufacturing process for the development of small or micro products that require precise specifications. It majorly finds its applications in automobiles, medical and healthcare, micro-optics and electronic industries, packaging, and other micromechanical parts. Increasing applications for micromechanical parts and technological advancements in the medical industry in developed regions are expected to drive the demand for the thermoplastic micro molding market in the near future. The global thermoplastic micro molding market is expected to grow over the forecast period owing to extremely high demand from major end-use industries. North America is the largest market for thermoplastic micro molding owing to the constantly increasing demand in the medical, automotive, and telecom industries.
The market study is broken down and major geographies with country level break-up.
The global thermoplastic micro molding market is highly fragmented in nature owing to the presence of a large number of players in the United States. Lower switching cost poses ample threat from the major buyers. However, technological developments and renovation in products are strong R&D initiatives that will give a competitive edge to the leading players. Research Analyst at AMA estimates that Manufacturers from United States will contribute to the maximum growth of Global Thermoplastic Micro Molding market throughout the predicted period.
ACCU Mold LLC (United States), Precipart (United States), Makuta Technics Inc. (United States), Eptam Precision (United States), Stack Plastics Inc. (United States), Stamm AG (Switzerland), Sovrin Plastics (United Kingdom), RapidWerks Inc. (United States), Natech Plastics, Inc. (United States) and American Precision Products (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Manufacturing Services, Inc. (United States), ASH Industries (United States), Preci Comps Pvt. Ltd. (India), SMC Corporation (Japan), Dongguan Sincere Tech Co. Ltd. (China), Isometric Micro Molding Inc. (United States), Kamek Precision Tools (Canada), MTD Micro Molding (United States) and Veejay Plastic Injection Molding Company (United States).
AdvanceMarketAnalytics has segmented the market of Global Thermoplastic Micro Molding market by Type, Application and Region.
On the basis of geography, the market of Thermoplastic Micro Molding has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry Verticals, the sub-segment i.e. Automotive (Car Door Panels) will boost the Thermoplastic Micro Molding market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Polyethylene will boost the Thermoplastic Micro Molding market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On May 29, 2019, Eptam Precision Solutions, a portfolio company of New Heritage Capital, has acquired Micro Molding Inc. and MedConnection LLC, a supplier of plastic injection molding and catheter tipping services. The company’s plastic injection molding capabilities complement Eptam’s plastic and metal machining capabilities and will expand its one-stop-shop solution for key blue-chip customers.
- Growing Popularity of Micro Molding In Electronics and Other Industries, Where the Manufacturing Trend Continues Towards “Smaller Is Better”
- Growing Demand from Medical and Automotive Industries owing to High Precision and Efficiency
- Increasing Applications in the Manufacturing of Micromechanical Parts
- Very High Production Output Rate, Cost Effectiveness and Efficient Form of Plastic Manufacturing
- Huge Investments in Research and Developments
- Increasing Demand from Telecommunication & Electronics Sector owing to Demands for Smaller Components
- Volatility in Raw Material Prices
- High Cost of Production and Stringent Regulatory Norms in Major Developed Economies
- Low Technological Awareness among Consumers in the Developing Nations
- More Difficult Injection Molding Processes as Slightest Dimensional Variation Can Render Parts Unusable
Key Target AudienceThermoplastic Micro Molding Service Providers, Raw Material Suppliers, Traders/Exporters/Importers, Distributors, and Suppliers, End-use Industries and Others
About ApproachDuring this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
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