Metal and Ceramic Injection Molding Market Size, Share, Key Drivers, Industry Growth and Opportunity Analysis
Industries in the metal and ceramic injection molding market are taking schemes by the BFSI sector and advantage of government stimulus packages to stay financially afloat during COVID-19 crisis. Due to the advancement in meeting high power demands and decreasing the size of engineering components in several end-use cases, comes the challenge of heat dissipation. Hence, companies should rise R&D in new design geometries for engineering components to manage high thermal loads with the help of heat pipes, aerodynamic fins and micro-channels. Although metal injection molding (MIM) in hardware is less suitable for metals at low melt temperatures such as aluminium and zinc, MIM applies to an extensive range of alloys such as ASTM F17 nickel-free stainless steel and titanium.
Data Bridge Market Research analyses that the metal and ceramic injection molding market was valued at USD 3.15 billion in 2021 and is expected to reach USD 6.05 billion by 2029, registering a CAGR of 8.50 % during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
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Metal injection molding (MIM) and ceramic injection molding (CIM) are innovative manufacturing technologies used in producing precision and complex net shape machineries from metal and ceramic powder, respectively. These two technologies are popular together, known as powder injection molding (PIM). Metal and ceramic injection molding technology delivers design flexibility for an unlimited choice of material offered by powder metallurgy (powdered metal and ceramic). Metal and ceramic injection molding deliver better productivity and dimensional limits of isostatic pressing and slip casting. It improves the lenience capacity of mechanical casting and investment casting and the shape limitation of the products. The low price complex designing facilities of MIM and CIM technology deliver lessen manufacturing and higher economies of time and scale by eradicating production steps such as finishing and machining.
Scope of the Metal and Ceramic Injection Molding Market Report:
The metal and ceramic injection molding market is segmented on the basis of material and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Material
- Iron and Steel
- Stainless Steel
- Copper
- Aluminium
- Alumina
- Zirconia
- Others
Application
- Medical and Healthcare
- Industrial Machinery
- Consumer Products
- Automotive
- Aerospace
- Others
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Some of the major players operating in the metal and ceramic injection molding market are:
- Form Technologies Company (US)
- CNI (China)
- Akron Porcelain & Plastics Co. (US)
- ARC Group Worldwide (US)
- CMG Technologies (US)
- PSM Industries (US)
- NIPPON PISTON RING Co Ltd. (Japan)
- ABBOT Furnace Company (US)
- Morgan Advanced Materials (UK)
- ARBURG GmbH + Co KG (Germany)
- Ortech Advanced Ceramics (Us)
- Epsom Atmix Corporation (Japan)
- INDO-MIM (US)
- Britt Manufacturing Company (US)
- Cypress Industries (US)
- AMT (China)
- GKN Powder Metallurgy (US)
- PTI (India)
- Smith Metal Products (US)
Metal and Ceramic Injection Molding Market Regional Analysis/Insights
The Metal and Ceramic Injection Molding market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Metal and Ceramic Injection Molding market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Metal and Ceramic Injection Molding within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Metal and Ceramic Injection Molding market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
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