GLOBAL EV MICRO INJECTION MOLDED PLASTIC MARKET

INTRODUCTION

Micro injection molding is a molding technique used to create plastic parts with tolerances between 10 and 100 micrometres and shot weights between 1 and 0.1 grammes.

This molding technique enables the most accurate and precise fabrication of intricate tiny geometries.

The fundamental idea behind the micro injection molding technique is relatively similar to that of conventional injection molding. With this method, the injection molding machine incorporates a micro injection unit.

The method of plastic injection molding involves melting plastic pellets (thermosetting/thermoplastic polymers) that, once flexible enough, are injected at pressure into a mold cavity, filling it and solidifying it to create the finished product.

Rapid injection molding is a technology-driven procedure used by Protolabs that makes use of factory automation.

Direct delivery of CAD models to the manufacturing floor is where mold milling gets started, but most of the time, aluminium rather than steel is used to make the molds.

When compared to conventional steel molds, this enables tooling that is faster and more cost-effective. At Proto Labs, the thermoplastic injection molding procedure is a regular procedure utilising an aluminium mold.

Metals like aluminium don't need cooling channels since they transmit heat much more effectively than steel does. In a barrel, resin pellets are loaded before being melted, squeezed, and fed into the mold's runner system.

The item is molded after hot resin is shot through the gates into the mold chamber.

GLOBAL EV MICRO INJECTION MOLDED PLASTIC MARKET SIZE AND FORECAST

The Global EV Micro Injection Molded Plastic market accountedfor $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

MARKET DYNAMICS

The market for micro injection molding machines is anticipated to grow from USD 381 million in 2021 to USD 609 million in 2026, at a CAGR of 9.8%.

The expansion of the automotive industry and the increase in demand from medical applications are the main drivers of this market.

The demand for extremely accurate molds that are effective for performing medical procedures is being driven by the shift towards nanotechnology and miniaturisation in the medical industry.

The growing automation of automobiles and the development of electric cars are also driving up the demand for high-precision parts to improve performance.

The main barrier to market growth is the high investment costs associated with all-electric machines' high level of technology. The pricey maintenance is yet another drawback.

For producers of plastic packaging, the development of a circular economy, rising energy costs, and shifting customer demands present significant hurdles.

A new Packaging Center has been developed by ENGEL, a producer of injection molding machines, to assist its clients in this challenging sector in further enhancing production cell performance and ensuring their competitiveness.

Over 300 foreign visitors arrived in Austria in mid-May for the opening of the new Technology and Expertise Centre.

There are two locations, Schwertberg and St. Valentin, that have production cells that are suitable for use with a wide range of packaging requirements.

These include dual speed dual-platen machines for big containers, e-speed machines for thin-walled containers and pails, and all-electric e cap high-performance equipment for making caps and flip-top lids.

COMPANY PROFILE

• Haitian Plastic Machinery Group Co.,Ltd.
• Guangdong Yizumi Precision Machinery Co., Ltd.
• Zhen Xiong Machinery Co.,Ltd.
• Dalal Plastics Pvt Ltd 
• Vikas Industries

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many EV Micro Injection Molded Plastic are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Global EV Micro Injection Molded Plastic and key vendor selection criteria
3. Where is the EV Micro Injection Molded Plastic manufactured? What is the average margin per unit?
4. Market share of Global EV Micro Injection Molded Plastic market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global EV Micro Injection Molded Plastic in-house
6. key predictions for next 5 years in Global EV Micro Injection Molded Plastic market
7. Average B-2-B EV Micro Injection Molded Plastic market price in all segments
8. Latest trends in EV Micro Injection Molded Plastic market, by every market segment
9. The market size (both volume and value) of the EV Micro Injection Molded Plastic market in 2023-2030 and every year in between?
10. Production breakup of EV Micro Injection Molded Plastic market, by suppliers and their OEM relationship