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Last updated on April 20, 2014 at 13:20 EDT

Global Polymer and Thermoplastic Micro Molding Market is Expected to Reach USD 763.6 Million in 2019: Transparency Market Research

August 22, 2013

ALBANY, New York, August 22, 2013 /PRNewswire/ –

According to a new market report published by Transparency Market Research
(http://www.transparencymarketresearch.com) “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.

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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
among others.

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This report segments the global unconventional gas market as follows:

        - 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

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