The growing investments from manufacturers and increasing demand for minimally invasive cosmetic surgery are driving the market demand.
Metal and Ceramic Injection Molding Market Size – USD 3.03 Billion in 2019, Growth - CAGR of 6.3%, Trends – High demand from developing nations.
The global Metal and Ceramic Injection Molding Market is forecasted to reach USD 4.95 Billion by 2027, according to a new report by Reports and Data. Metal Injection Molding and Ceramic Injection Molding are together known as powder injection molding. The Injection molding technique is used to manufacture products, as it provides benefits, such as high strength, improved surface finish, and the ability to make complex products. Metal and Ceramic Injection Molding imparts a sophisticated production capacity to the conventional molding process. The market is witnessing high demand due to the increasing consumption of complex parts that require high-performance materials and reduced sizes.
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Top Companies: 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.
Further Key Finding from the Report Suggestion:
- Zirconia is anticipated to grow at a CAGR of 4.9% in the forecast period. The product provides benefits, such as durability and strength. The product is used in various applications, such as pump seals, oxygen sensors, valves, impellers, precision ball valves, and medical prostheses.
- In terms of Applications, Firearms is forecasted to grow at a CAGR of 6.2% in the forecast period. Usage of metal and ceramic injection molding leads to an increase in the speed of production, along with better features of the product, such as better grips. Also, the product can be customized up to a large range.
- The Offline Segment occupied 76.6% of the market share in 2019 owing to the high involvement of the product, where consumers like to physically examine the product before purchasing to make sure that it fits their requirements.
- Latin America is forecasted to grow at a CAGR of 6.0% in the forecast period. The region has significant demand owing to the presence of countries, such as Brazil and Argentina, in the region where electronics and automotive industries drive the consumption of the market. The growth of the medical industry in the region also leads to increased market size in the region.
- China is one of the largest consumers of the metal and ceramic injection molding market. This is due to the increasing industrialization in the region. The country is also home to various end-use industries, which drive up consumption, thus leading to an increase in the market size.
Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.
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The global Metal and Ceramic Injection Molding Market is segmented into:
Product Outlook (Revenue, USD Billion; 2017-2027)
- Iron and Steel
- Stainless Steel
Application Outlook (Revenue, USD Billion; 2017-2027)
- General Industrial
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
- Online Stores
- Offline Stores
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market?
- What kind of strategic business plans have they made?
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