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 Demand 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.

For more insights, Read- https://www.insightprobing.com/liquid-injection-molding-market-size-and-share/

Get more insights on this topic: https://whotimes.com/fabricating-sustainability-geotextile-weaving-a-greener-future-for-the-planet/

Comments

Post a Comment

Popular posts from this blog

The Bladder Liners Market Is Estimated To Witness High Growth Owing To Rising Prevalence Of Urinary Incontinence

Image
  Bladder Liners Market Market Overview: Benzodiazepines are a class of psychoactive drugs belonging to the benzodiazepine family. These drugs are prescribed for various medical conditions such as anxiety disorders, panic disorders, insomnia, seizures, alcohol withdrawal syndrome, muscle spasms, and as an anesthesia aid. Some common examples of benzodiazepines include alprazolam, clonazepam, diazepam, and lorazepam. These drugs work by increasing the action of gamma-aminobutyric acid (GABA), a major inhibitory neurotransmitter in the central nervous system. Due to their calming properties, they are widely used to treat insomnia, anxiety, panic attacks, agitation, seizures, muscle spasms, and alcohol withdrawal. Market Dynamics: The Benzodiazepine Drugs Market is primarily driven by the rising prevalence of anxiety disorders worldwide. As per Anxiety and Depression Association of America, anxiety disorders are the most common mental illness in the U.S., affecting nearly 40 million ...
Read more

The Global Electric Powertrain Market Poised for Growth Driven by Sustainable Transportation

Image
  Electric Powertrain Market The global electric powertrain market is seeing rapid adoption as consumers seek more environmentally friendly transportation options. Electric powertrains offer much lower operating costs than internal combustion engines while also being more energy efficient with fewer moving parts. Battery electric vehicles and hybrids containing electric motors and batteries are able to deliver torque instantly for smooth acceleration and regenerative braking that captures kinetic energy to charge the batteries while slowing down. Automakers are developing advanced powertrain technologies that combine smaller, lighter electric motors with improved batteries capable of longer ranges between charges. The global Electric Powertrain Market is estimated to be valued at US$ 94.12 Mn in 2024 and is expected to exhibit a CAGR of 4.9% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: One of the ...
Read more

Poultry Market is Expected to be Flourished by Growing Demand for Protein-Rich Food

Image
Poultry Market The poultry market comprises farming of domesticated birds such as chickens, ducks, turkeys, and geese, primarily for their meat and eggs. Poultry meat is one of the most consumed meats globally owing to its high protein content. Chicken is the most commonly produced meat worldwide, with over 95 million tons produced annually. Poultry farming provides affordable animal protein to consumers while generating income and employment for farmers and allied industries. The global poultry industry includes large integrated production facilities, small commercial farms, and backyard flock operations. Technological advancements have increased efficiency in breeding, hatching, feeding, housing, and disease control. The global poultry market is estimated to be valued at US$ 15.88 billion in 2023 and is expected to exhibit a CAGR of 5.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Dynamics: One of the key driv...
Read more