United States Thermoplastics Micro Molding Market Insights Forecasts to 2033

• The U.S. Thermoplastics Micro Molding Market Size was valued at USD 206.6 Million in 2023.
• The Market is Growing at a CAGR of 5.81% from 2023 to 2033
• The U.S. Thermoplastics Micro Molding Market Size is Expected to reach USD 363.5 Million by 2033

The United States Thermoplastics Micro Molding Market is anticipated to exceed USD 363.5 Million by 2033, growing at a CAGR of 5.81% from 2023 to 2033. The growing application of thermoplastics in micromechanical parts in the medical & electronics industry, increasing automotive demand, and growing spending are driving the growth of the thermoplastics micro molding market in the US.     

Market Overview

Micro molding is a process of shaping and forming thermoplastics to produce products, parts, and components that are frequently less than a few millimeters in diameter or size and weigh less than a gram. The production of micron-sized, highly precise thermoplastic parts and components is achieved using the highly specialized manufacturing method known as micro moulding. The tiny component or part is created by quickly injecting thermoplastic or resin into the cavity. Thermoplastic micromoulding is also a popular method for producing lightweight, tiny components, which are often needed for autos. The continuous development of thermoplastic materials, advancements in micro-molding technology, and the increasing need for micro-sized components in novel applications are driving the market growth. Further, the growing reliance of the healthcare sector on micro-molded components for drug delivery systems, diagnostic tools, and surgical instruments is augmenting the market growth.

Report Coverage

This research report categorizes the market for the US thermoplastics micro molding market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United States thermoplastics micro molding market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the US thermoplastics micro molding market.

Driving Factors

A wide range of electronic components, including micro-optics, smartphones, laser-based devices, prisms, and lenses, can be produced via thermoplastic micro moulding. For instance, thermoplastic micro moulding industry is developing BioMEMS (Biomedical Micro-Electro-Mechanical Systems), Next Generation Sequencing (NGS), and Point-of-Care diagnosis. Thus, the development of modern technologies is driving the market growth. The increased demand for automotive sector is responsible for driving the market due to its advantages such as UV protection, stiffness-to-temperature balance, limited thermal expansion, and influence from cold temperature.

Restraining Factors

The high initial and maintenance costs are hampering the market for thermoplastics micro molding in US.

Market Segmentation

The United States Thermoplastics Micro Molding Market share is classified into application.

• The medical segment dominates the US thermoplastics micro molding market during the forecast period.

The United States thermoplastics micro molding market is segmented by application into automotive, electronics, medical, packaging, and others. Among these, the medical segment dominates the US thermoplastics micro molding market during the forecast period. Medical device components like medication delivery devices, catheters, diagnostic systems, and visual and hearing aids are all made using thermoplastic micromolding. The increasing use of thermoplastic micro molding in the medical device sector is driving the market.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the U.S. thermoplastics micro molding market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.  

List of Key Companies

• ACCU Mold LLC
• SMC CORPORATION
• American Precision Products
• Makuta Technics Inc
• MTD Micro Molding
• Isometric Micro Molding Inc
• Micro Molding Solutions Inc.
• Stack Plastics
• Veejay Plastic Injection Molding Company
• ALC Precision (American Laubsher Corp) NY
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at U.S., regional, and country levels from 2020 to 2033. Spherical Insights has segmented the United States Thermoplastics Micro Molding Market based on the below-mentioned segments:

US Thermoplastics Micro Molding Market, By Application

• Automotive
• Electronics
• Medical
• Packaging
• Others