DUBLIN, February 22, 2022--(BUSINESS WIRE)--The "Global Micro Injection Molded Plastic Market by Material Type, Application and Region - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The micro injection molding machine market is projected to reach USD 609 million by 2026, at a CAGR of 9.8% from USD 381 million in 2021.
The major drivers of this market are growth in the automotive sector and rising demand from the medical application. The shift towards nanotechnology and miniaturization in the medical industry is driving the demand for highly precise molds which are efficient to perform medical procedures. In addition, the ongoing automation in vehicles and the introduction of electric vehicles is further increasing the demand of high - precision parts to enhance performance.
The major restraint to market growth is due to the high technology of all-electric machines, the investment costs are high. Another disadvantage is the high maintenance cost. In case of motor failure, the entire system must be changed, which entails significantly high maintenance costs. The global economic slowdown due to COVID - 19 also impacted the market. This has disrupted the global supply chain, severely impacting the automotive industry. To retain the spread of the coronavirus, governments and international bodies issued various regulations for industries and manufacturers.
The 30 to 40 tons clamping force segment is the largest type of micro injection molding machine for the micro injection molding machine market in 2020
The demand for micro molded plastic parts in automotive, electronics and medical applications is driving the demand for micro injection molding machines with clamping force 30 to 40 tons.
Medical is estimated to be the largest application of micro injection molding machine market between 2021 and 2026
The technological advancement in the medical industry is fueling the use of micro parts in its medical processes to enhance the overall procedure with better results for its patients. Intensive R&D is further increasing the demand for medical micro parts, thus, increasing the demand for micro injection molding machines in medical applications.
APAC is expected to be the largest micro injection molding machine market during the forecast period, in terms of value
In APAC, China is the largest micro injection molding machine market. Increasing domestic demand due to the rapid increase in manufacturing facilities and other commercial units is expected to continue driving the demand for micro injection molding machines in the region. Increasing population and demand, accompanied by initiatives for new technologies and products, are projected to make this region a promising micro injection molding machine market. The growing population will have a significant impact on the automotive and electronics industry in the region.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on micro injection molding machine offered by top players in the global micro injection molding machine market
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the microinjection molding machine market
Market Development: Comprehensive information about lucrative emerging markets - the report analyzes the markets for micro injection molding machine across regions
Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global micro injection molding machine market
Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the micro injection molding machine market
Impact of COVID-19 on micro injection molding machine market
Significant Opportunities in the Micro Injection Molded Plastic Market - High Growth Expected in Emerging Economies During the Forecast Period
Micro Injection Molded Plastic Market Size, by Region - North America to be Largest Micro Injection Molded Plastic Market During the Forecast Period
North America Micro Injection Molded Plastic Market, by Material Type and Country - US Accounted for the Largest Share of the Market in North America
Micro Injection Molded Plastic Market Size, by Application and Region - Medical Application to Dominate the Micro Injection Molded Plastic Market Across the Regions
Micro Injection Molded Plastic Market Attractiveness - China and India to be the Fastest-Growing Micro Injection Molded Plastic Markets During the Forecast Period
D&M Plastics, LLC
Precimold Kamek Precision Injection Molding
Veejay Plastics Injection Molding Company
For more information about this report visit https://www.researchandmarkets.com/r/t3meae
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220222005842/en/
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Yahoo Finance anchor Dave Briggs looks at how cannabis stocks are performing after legalization passes the House of Representatives.
An important U.S. regulator raises concerns about 'fraudulent and manipulative acts and practices.'
(Bloomberg) -- U.S. President Joe Biden’s plan to tackle record gasoline prices with an unprecedented release of emergency oil reserves may stifle domestic crude drilling just when it’s needed most. Most Read from BloombergUkraine Update: Russia Says Kyiv Makes Rare Cross-Border StrikeNever Had Covid? You May Hold Key To Beating the VirusPutin Says Gas Exports to Be Halted If Ruble Payments Not MadeU.S. Criticizes India on Russia Talks as Lavrov Visits DelhiBiden Team Weighs a Massive Release of
By Donna Epps, Verizon, SVP, Public Policy and Strategic Alliances
Shares of Qualcomm (NASDAQ: QCOM) were trading about 6% lower at 2 p.m. ET Friday after a JPMorgan analyst removed the semiconductor giant from its "analyst focus list," indicating that the firm no longer sees it as a top stock with meaningful upside from its current price.
What happened Shares of semiconductor giant Nvidia (NASDAQ: NVDA) dropped in Friday afternoon trading, falling 2.9% through 12:55 p.m. ET. In the absence of any other news on Nvidia stock per se, it appears today's drop is tied to a Yahoo! Finance column that may have spooked investors.
DEEP DIVE It sure has been a wild ride for investors over the past few weeks, with the benchmark S&P 500 rising 10% from March 8 through March 30. But the broader stock market is still down for 2022.
The Chapter 11 petition was filed in response to an upcoming debt repayment obligation, Ruby said in a March 31 statement.
One key to market success is learning to recognize trends, overall directions that stocks are taking, and then riding those trends towards profitable returns. Sometimes, that task is easy; for instance, the five years from 2017 through the end of 2021 saw a prolonged run on generally increasing values. Sometimes, it’s more difficult; take a look at the charts for 2022 year-to-date and you’ll quickly see that there is no long-term direction of movement here. CNBC's Jim Cramer, however, believes t
The Pentagon has been providing daily updates on the Russian invasion of Ukraine and Ukraine's efforts to resist. The U.S. continues to see roughly 20% of the Russian forces that were arrayed against Kyiv repositioning away from the capital, the official said. "As these forces begin to reposition, the Ukrainians are moving against them," the official said.
Investors in Nio (NYSE: NIO) have waited for a day like this for a long time now. On April 1, Nio said it delivered a record number of electric vehicles (EVs), totaling 25,768 units, in the quarter ending March. Although that's barely 3% higher compared to the last quarter, expectations were even more muted given the severe supply challenges facing automakers like Nio.
Electric vehicles (EVs) are clearly the next big thing in the automotive industry, and they are supported by both social and political pressures toward ‘green’ technologies. For drivers, they offer a wide range of advantages over gasoline-powered cars: improvements in performance, fewer moving parts to wear out, quieter operations, easier integration into wireless networks. There are drawbacks, too. For now, EV battery range can match gasoline engines – but only at a higher cost for an already e
Several ominous signs face the housing market. First, the average 30-year fixed-rate mortgage soared to a three-year high of 4.67% in the week ended March 31, according to housing agency Freddie Mac. The 10-year Treasury yield has climbed 91 basis points so far this year to 2.42%.
In this article, we discuss the 10 stocks to buy and hold for over 5 years according to Bill Gates. If you want to read about some more stocks in the portfolio of Bill Gates, go directly to Bill Gates Portfolio: 5 Stocks to Buy and Hold for Over 5 Years. Bill Gates stepped down […]
Canadian marijuana stocks were quiet after the House passed the MORE Act. So are any Canadian marijuana stocks buys now?
QuantumScape (NYSE: QS) ended this week on a solid note, rising 15.8% through 2 p.m. ET Friday, according to data provided by S&P Global Market Intelligence. QuantumScape rocketed the afternoon of March 28 when an article from German business monthly, Manager Magazin, reported Porsche to be working with QuantumScape for solid-state batteries to power an electric version of its 911 sports car. Porsche is a Volkswagen (OTC: VWAGY) brand, and 911 a hugely popular car.
Intel has launched its first of a series of graphics chips, and that could mean better competition in the graphics market.
(Bloomberg) -- Russia’s economy has staggered through the first full month of the war with Ukraine but it may yet emerge with a sparkling balance sheet if some of its biggest trade partners don’t turn off the tap on its exports of energy.Most Read from BloombergUkraine Update: Russia Says Kyiv Makes Rare Cross-Border StrikeNever Had Covid? You May Hold Key To Beating the VirusRussia Says Ukraine Choppers Made Rare Cross-Border StrikePutin Says Gas Exports to Be Halted If Ruble Payments Not MadeU
A tax on the wealthiest Americans has the potential to become a tax on the rest of the population, writes Thomas Hoenig.
The rouble has staged a lightening-fast recovery to levels last reached in the days before Russia invaded Ukraine, defying predictions that the war would launch it into freefall. But using it as evidence that Russia's sanctions-savaged economy is out of the woods would be at best misleading. "This (rouble recovery) shouldn't be taken to be the market's view on the medium to longer-term outlook for Russia," said Ulrich Leuchtmann, an analyst at Commerzbank.