Metal and Ceramic Injection Molding Market: Introduction
Transparency Market Research delivers key insights on the global metal and ceramic injection molding market. In terms of revenue, the global metal and ceramic injection molding market is estimated to expand at a CAGR of 8.4% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecast in its report on the global metal and ceramic injection molding market.
The global metal and ceramic injection molding market is broadly affected by several factors, including increase in demand for metal and ceramic injection molded components and parts in various end-use industries. Rapid Industrialization and expansion of end-use industries such as automotive, aerospace, medical, industrial machinery, consumer products, and defense have led to significant rise in demand for metal and ceramic injection molding. Increase in global demand for automobiles is expected to be a primary driver of the global metal and ceramic injection molding market. The expansion of various end-use industries is also propelling the demand for metal and ceramic injection molding across the globe.
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Metal and Ceramic Injection Molding Market: Major Players
The global metal and ceramic injection molding market is consolidated, with the presence of key players. Prominent players operating in the global metal and ceramic injection molding market include ARC Group Worldwide Inc, CMG Technologies, AMT Pte Ltd, INDO-MIM, Epson Atmix Corporation, PSM Industries, NIPPON PISTON RING CO., LTD., OptiMIM, Smith Metal Products, Plansee SE, Greene Group, and PTI.
Metal and Ceramic Injection Molding Market: Dynamics
Metal and ceramic injection molding process is used to manufacture metal and ceramic components that offer all the benefits associated with technical processes including wear resistance, corrosion resistance, thermal stability, superior hardness, high mechanical strength, and dimensional stability. MIM components can be used in cell phones, sporting goods, power tools, surgical instruments, and various electronic and optical devices. CIM uses cutting-edge equipment and carefully devised processes to produce ceramic parts at net dimensions for businesses in industries such as thermal and electrical insulation, electronics, aerospace, dentistry, solar, medical care, and water filtration.
The automotive sector has become a major consumer of metal injection molded parts. The metal and ceramic injection molding technology is applied to a variety of automotive applications such as EGR system, exhaust system, oxygen sensors, electrical components, and engine components. Metal injection molding is used in various applications in the aerospace sector, including high performance engine components, seatbelt parts, latches and fittings, spray nozzles, and vane adjustment levers.
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Metal injection molding is an essential manufacturing technology in the medical device industry, due to its ability to produce high volume precision components. Ceramic injection molding is widely used in the manufacture of medical and health care equipment. Metal injection molding is used for orthodontic brackets, dental implants, prosthetic replacements, endoscopic tools, tweezers, scissors, etc.
The increase in demand for MIM and CIM components and parts in various end-use industries is anticipated to drive the global metal and ceramic injection molding market.
Metal and Ceramic Injection Molding Market: Prominent Regions
Asia Pacific held major share of the global metal and ceramic injection molding market in 2020. The market in the region is anticipated to expand at a CAGR of more than 8.8% during the forecast period. Increase in demand for metal and ceramic injection molded components for the application of automobile manufacturing in Asia Pacific is driving the metal and ceramic injection molding market in the region. China is a key country of the metal and ceramic injection molding market in Asia Pacific. The country is estimated to maintain its dominant position in the region during the forecast period.
North America also counted for significant share of the global metal and ceramic injection molding market in 2020. The U.S. is a key country of the metal and ceramic injection molding market in North America. It held prominent share of the metal and ceramic injection molding market in North America in 2020. Expansion and advancement in the health care industry in North America is driving the metal and ceramic injection molding market in the region.
Global Metal and Ceramic Injection Molding Market: Segmentation
Metal and Ceramic Injection Molding Market, by Application
- Medical Health Care
- Industrial Machinery
- Consumer Products
- Others (including Defense and Electronics)
Collaborative Workshops Help Provide Fully-finished Products Using MIM Technology
In order to gain a competitive edge in the metal and ceramic injection molding market landscape, companies are offering fully finished products to render to a leaner supply chain requirement. Additional capabilities of aerospace precision machining, investment casting, and metal binder jet 3D printing are bolstering credibility credentials of companies. The burgeoning growth in Industry 4.0 is contributing to the growth of the metal and ceramic injection molding market.
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ISO (International Organization for Standardization), IATF (International Automotive Task Force), and other compliances are becoming necessary for manufacturing plants. Established companies are conducting seminars and technical workshops at their customer’s location to disseminate useful information regarding design guidelines for metal injection molding (MIM) technology.
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