The Liquid Injection Molding Market provides a platform for producing high-quality, precise and complex parts from various thermoplastics and elastomers. Liquid Injection Molding allows the production of complex parts with tight tolerances, smooth surface finishes, and dimensional accuracy. The technology is being increasingly used in the medical industry for manufacturing drug delivery systems, surgical components, and medical devices due to its ability to produce intricate designs with complex geometries.
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 from 2024 to 2030.
Key Takeaways
Key players operating in the Liquid Injection Molding are Arlanxeo, Asia Polymer Corporation, Benson Polymers Limited, Braskem, Celanese Corporation, Clariant AG, Dow, ExxonMobil Corporation, Hanwha, Solutions/Chemical Corporation, Innospec Inc., LyondellBasell Industries Holdings BV, Repsol, Sipchem, SK Global, Sumitomo Chemical Co. Ltd, and Tosoh Corporation.
The medical industry is witnessing increased usage of liquid injection molding due to its ability to produce complex shapes with tight tolerances and smooth surface finishes which is essential for medical components. The growing demand from medical devices, drug delivery systems, and surgical components is expected to drive the growth of the liquid injection molding market during the forecast period.
Major players in the liquid injection molding market are expanding their operations across regions to cater to the growing demand for complex plastic components. Establishing manufacturing facilities near end-use industries helps in reducing transportation costs and ensuring just-in-time delivery. This is expected to support the global expansion of the liquid injection molding market in the coming years.
Market key trends
The usage of bio-based polymers for liquid injection molding is growing significantly. Polymers derived from renewable resources such as biomass, are increasingly being utilized owing to stricter environmental regulations regarding polymer disposal and recycling. Adoption of bio-based polymers allows manufacturers to promote their products as sustainable and environment-friendly. This emerging trend is expected to positively influence the demand for liquid injection molding over the forecast period.
Porter’s Analysis
Threat of new entrants: New companies need high capital investment to enter in this market due to machinery requirement.
Bargaining power of buyers: Buyers have low bargaining power as there are many established players.
Bargaining power of suppliers: Resin suppliers have moderate bargaining power due to availability of substitutes.
Threat of new substitutes: Substitutes like injection molding pose threat due to advantages of dimensional accuracy and surface finish.
Competitive rivalry: Market is consolidated with key global players.
Geographical Regions
North America region dominates the liquid injection molding market in terms of value since majority of key players are located in the US and Canada.
Asia Pacific region is expected to witness fastest growth during the forecast period due to increasing demand from industries like automotive, consumer electronics and healthcare from developing countries like China and India having manufacturing hubs.