According to a recent market research report published by Markets and Markets, the Micro Injection Moulding Machine Market will be worth 609 million Dollars by 2026. The tools and moulds required for these processes have to be machined with specialised cutting tools that ensure accuracy down to the micron.
Micro injection moulding machines are machines used for the manufacture of plastics components for shot weights of 1 to 0.1 grams with tolerances in the range of 10 to 100 microns. This moulding process permits the manufacture of complicated small geometries with maximum possible accuracy and precision. Part size is an obvious factor in determining micro moulding. Micro moulding produces a component or part that is: micro in size, micro in features, micro in tolerances. This process hinges on the precise and accurate manufacturing of moulds.
30 to 40 tons clamping force is the largest type segment of the micro injection moulding machine market. APAC was the largest market for micro injection moulding machine in 2020, in terms of value. Factors such as growth in automotive sector and rising demand from medical application is driving the market, Markets and Markets states in its report “Micro Injection Molding Machine Market by Type (0-10 tons, 10-30 tons and 30-40 tons), Application (Medical, Automotive, Fiber Optics, Electronics), and Region (APAC, North America, Europe, MEA, South America) — Global Forecast to 2026”. According to the analysts, the global Micro Injection Moulding Machine Market size is projected to reach 609 million Dollars by 2026, at a CAGR of 9.8 percent from 381 million Dollars in 2021.
30 to 40 tons clamping force segment is projected to be the fastest-growing type for micro injection moulding machine market between 2021 and 2026. The demand for micro moulded plastic parts in automotive, electronics and medical application is driving the demand for micro injection moulding machine with clamping force 30 to 40 tons. However, micro injection moulding machines with clamping forces 0 to 10 tons are expected to grow at the highest CAGR. The shift towards nanotechnology in every sector including medical, automotive, fiber optics, electronics and others is increasing the necessity of smaller high-precision parts.