MICRO MOLDING MATERIALS MARKET ANALYSIS

Market News

Key Developments

1. Major companies in the market are adopting various growth strategies such as merger and acquisition, in order to gain competitive edge in the market. For instance, in January 2019, Westfall Technik, Inc., a global plastics provider, acquired Mold Craft, Inc. a manufacturer of micro-mold plastics. This acquisition strengthen Westfall’s mold maker business.
2. Key players in the market are involved in various business strategies such as capacity expansion, in order to expand their product portfolio. For instance, in November 2017, MTD Micro Molding, a provider of micro injection molding, expanded its overmolding capability by procuring a new vertical injection molding machine. This will enable the company to produce higher capacity overmolding.
3. Major players in the market are involved in various growth strategies such as merger and acquisitions, in order to gain competitive edge in the market. For instance, in May 2019, EPTAM Precision Solutions, a provider of molded parts, acquired Micro Molding Inc. and MedConnection LLC, provider of plastic injection molding and catheter tipping solutions. This acquisition will expand EPTAM’s core capabilities to fulfill increasing demand from clients.