Global market for microinjection polymer molding to reach US$897.3 mln by 2020

摘要

THE global market for microinjection polymer molding is expected to reach US$897.3 mln by 2020; according to a new study by Grand View Research, Inc. Growing demand for small sized components mainly from the medical industry is expected to be a key driving factor for the market. Microinjection molding is used to manufacture highly-valued micro medical components such as sensors, implants, tubes, catheter tips and microoptics among some other components; the growing demand for these has had a positive impact on the market. The report further observes that shift in trend towards adoption of micromolding over micromachining, owing to its cost efficiency and development of microoptics and microfluidics technologies, particularly in North America and Europe is also expected to play a major role in the market growth.