The global Metal and Ceramic Injection Molding market are forecasted to grow at a rate of 6.3%, from USD 3.03 billion in 2019 to USD 4.95 billion by 2027. Metal and Ceramic Injection Molding techniques are used to manufacture high volume and complex components.
Materials that find applications in this market include stainless steel, titanium alloys, low-alloy steels, and soft magnetic alloys. These procedures are used in various industries, such as automotive components, medical equipment, firearms, electronic gadgets, and defense/aerospace. Increasing industrialization, especially in the developing countries, is expected to drive the market growth for Metal and Ceramic Injection Molding.
Rapid growth in the automotive industry, along with the high demand for Metal and Ceramic Injection Molding, leads to the positive growth of the market. The development and growth of the healthcare and medical sector are also leading to a positive growth rate for the market. Metal and Ceramic Injection Molding provides benefits, such as low operational cost and designing flexibility. Also, it helps in the reduction of time that is required in the process by eliminating the need for machining and finishing. These factors are driving market growth.
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Top Key participants include- B. Components, Hong Ya Industrial, Abbott Furnace Company, Cypress Industries, G-Mag International, Datumag Inc., Affinity International LLC., Britt Manufacturing Co., Form Technologies Company, and C.N. Innovations Holdings Ltd., among others.
Key Point Analysis:
- Aluminum is anticipated to grow at a CAGR of 6.6% during the forecast period. The product offers advantages, such as high durability, flexibility, corrosion resistance, thermal efficiency, and recyclability. The product also adds lightweight features, a highly valued advantage in the automotive and aerospace industries. This is leading to the high growth rate of the segment.
- The Medical Segment is forecasted to grow at a CAGR of 6.3% in the forecast period. Metal and Ceramic Injection Molding is used for making orthodontic components, surgical instruments, and other implantable molded components.
- The Electronics segment is forecasted to hold a market share of 13.2% in the year 2027. The market finds applications in the manufacture of lightning connectors, fiber optics parts, cold plates, heat sinks, and mobile phone parts. These various applications drive the market demand for the segment.
- Alumina occupied 26.8% of the market share in 2019. Alumina Products offer less machinability, high strength, and flexibility when compared to other products. The product also offers high-temperature resistance and good conductivity, leading to high demand for the product.
- North America is forecasted to grow at a CAGR of 6.3% in the forecast period.
The COVID-19 impact: The growing COVID-19 pandemic has led to the weakening demand for coatings in electronics, automotive, construction, and white goods. The market has the capacity to bounce back, but it completely depends on the duration of the lockdown, and also the impact of the virus on the economy. Even though the overall demand of the market is falling, the demand for Metal and Ceramic Injection Molding Market is expected to rise in the coming years.
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Product Outlook (Revenue, USD Billion; 2017-2027)
- Iron and Steel
- Stainless Steel
- Copper
- Aluminum
- Alumina
- Zirconia
Application Outlook (Revenue, USD Billion; 2017-2027)
- Automotive
- Medical
- Electronics
- Firearms
- Defense/Aerospace
- General Industrial
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Significant Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of the Metal and Ceramic Injection Molding Market
– Changes in industry market dynamics
– Detailed market segmentation by type, application, etc.
– Historical, current and projected market size in terms of quantity and value
– Recent industry trends and developments
– Competition situation of Metal and Ceramic Injection Molding Market
– Key companies and product strategies
– Potential niche segment/region showing promising growth.
Finally, the Metal and Ceramic Injection Molding Market Report is the authoritative source for market research that can dramatically accelerate your business. The report shows economic conditions such as major locales, item values, profits, limits, generation, supply, requirements, market development rates, and numbers.
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