Microinjection molding is a process in which high pressure machines are required for molding tools and parts in to miniature components. The machines used in the process should be capable of high pressures and speed, steady melt temperature, precise shot control and ultra fine controls. Materials used in micro molding are liquid crystal polymers (LCP), polyester, polycarbonate and acetal among others. Microinjection molding is used in various applications such as medical, electronics, automotive components, watches, telecommunication, micromechanics, optics and sensors among others. The market for polymer microinjection molding is majorly dominated by North America. Asia Pacific and Western Europe are anticipated to be the lucrative markets for polymer microinjection molding in upcoming years.
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Growing demand for polymer microinjection molding from medical & healthcare sector has been the major driver for the growth of this market, as it is used in implants, catheter components, hearing aids, blade holders, and dental prosthetics among others. Other applications such as automotive, electronics and telecommunication are likely to provide more opportunities for the polymer microinjection molding market in the near future. Micro optics and micro fluids are anticipated to be potential applications for polymer microinjection molding. Growing demand for micro optics and micro fluids is expected to open new opportunities for the growth of the market in the near future. However, higher costs and lack of awareness about micro molding in developing countries can act as a major restraint for the growth of the polymer microinjection molding market.
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Within the automotive sector, polymer microinjection molding is used to manufacture connectors, micro switches and gears. The demand for these components is high from Europe and North America region and is likely to follow similar trend over the forecasted period. Polymer microinjection molding is used in fiber optics connectors, lenses and displays among others. In the fiber optics market, the technology is used for molding components such as ceramic holder, micro connectors and optics housing among others. Polymer microinjection molding is used to make components such as micro gears and cog wheels which are used in making watches. Other applications for polymer microinjection molding include micro drove control systems, micro engines and rotators in micromechanics among others.
Asia Pacific is one of the fastest growing markets for polymer microinjection molding. Countries such as India and China are still in the developing phase and are likely to offer potential growth for the polymer microinjection molding market in the upcoming years. Some of the market players in polymer microinjection molding market are American Laubsher Corp.(ALC Precision), Micromold Inc., Rolla AG, Precimold Inc., Makuta Technics, Sovrin Plastics, Stamm AG, and Rapidewerks among others.