Global Polymer and Thermoplastic Micro Molding Market to Reach $1.7 Billion by 2030
The global market for Polymer and Thermoplastic Micro Molding estimated at US$726.7 Million in the year 2023, is expected to reach US$1.7 Billion by 2030, growing at a CAGR of 12.9% over the analysis period 2023-2030. Medical & Healthcare End-Use, one of the segments analyzed in the report, is expected to record a 13.9% CAGR and reach US$679 Million by the end of the analysis period. Growth in the Telecom Fiber Optics End-Use segment is estimated at 12.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $187.7 Million, While China is Forecast to Grow at 16.9% CAGR
The Polymer and Thermoplastic Micro Molding market in the U.S. is estimated at US$187.7 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$417.9 Million by the year 2030 trailing a CAGR of 16.9% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.8% and 10.8% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 9.9% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$273 Million by the year 2030.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook