The Global Liquid Injection Molding Market Growth Accelerated By Increasing Demand For Medical Implants

 

Liquid Injection Molding Market 

Liquid injection molding is a plastic processing technique used to produce high precision, complex parts and assemblies with tight tolerances. Liquid injection molding process involves injecting liquid raw material usually thermoset polymer into a heated mold cavity where it cures under heat and pressure. The liquid injection molding technique is beneficial for producing intricate medical implants like prosthetics, spinal implants and other medical devices owing to its dimensional accuracy and repeatability. Thetechnique allows creation of implants with intricate inner cavities and channels, which is otherwise difficult to produce with other conventional processes. With aging population and rising incidence of injuries and chronic diseases, the demand for medical implants have been steadily growing. This growing demand for medical implants is driving the growth of the liquid injection molding market.

The global Liquid Injection Molding Market is estimated to be valued at US$ 12.41 Mn in 2024 and is expected to exhibit a CAGR of 4.8% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The demand for medical implants has been steadily growing at a pace of around 5% annually owing to aging population and rising lifestyle diseases. As liquid injection molding technique allows production of complex implant designs with high precision, many medical device manufacturers are adopting this technique to cater to the growing demand. The ability of liquid injection molding to produce intricate parts with complex internal geometries is helping drive its adoption over alternative technique for manufacturing medical implants. This growing demand from the medical implants industry is a major factor accelerating the growth of the overall liquid injection molding market.

Segment Analysis

The global liquid injection molding market is dominated by the automotive and healthcare industry. The automotive segment accounts for over 30% share of the overall market owing to wide application of liquid injection molding in manufacturing various plastic components for automobiles like air ducts, air conditioning parts etc. Healthcare industry is also a fast growing end use segment due to rising demand for liquid injection molded plastic products in medical devices and equipment.

Key Takeaways

The global liquid injection molding market analysis is expected to witness high growth over the forecast period of 2024 to 2031. The market is forecast to reach a size of US$ 18.3 Mn by 2031, expanding at a CAGR of 4.8% during the forecast period.

Regional analysis shows Europe accounts for around 35% share of the global market currently due to strong presence of automotive OEMs and medical devices manufacturers in countries like Germany, UK and Italy. Key players like A is a prominent player and holds around 15-20% market share because of its extensive portfolio of liquid injection molding machines and best in class technical expertise in assisting customers across industries in design and manufacturing of liquid injection molded products. Other major players are B and C which together account for over 30% share due to their global production and distribution network and long established relationships with large automotive and healthcare customers worldwide.

Key players operating in the liquid injection molding market are A, B and C. A holds around 15-20% share due to its large product portfolio and expertise. B and C have over 30% combined share due to their global networks and relationships. The market is forecast to reach US$ 18.3 Mn by 2031, expanding at a CAGR of 4.8% during 2024 to 2031.

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