Metal And Ceramic Injection Molding Market | Key Players - CN Innovations Holdings, Advanced Materials Technologies, Kinetics Climax, Form Technologies Company, CMG Technologies, ARC Group, Nippon Piston Ring, Akron Porcelain & Plastics, Hoganas AB, and P
Metal And Ceramic Injection Molding Market will exceed USD 4.0 billion; according to a new research report.
Metal and ceramic injection molding is otherwise called as powder injection molding (PIM). This technology combines plastic-molding and powder-molding and provides design and material flexibilities. MCIM is used for creating complex-structured parts with huge strength, provided with better surface finish.
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Key stakeholders in the metal and ceramic injection molding market are CN Innovations Holdings, Advanced Materials Technologies, Kinetics Climax, Form Technologies Company, CMG Technologies, ARC Group, Nippon Piston Ring, Akron Porcelain & Plastics, Hoganas AB, and PSM Industries among others.
Global powder injection molding market is primarily accelerated by the expanding demand from medical, defense & aerospace, and automotive end-users. Budding demand for molded miniature parts in aerospace and automotive end-users is primarily attributing to the metal and ceramic injection molding market growth till the end of projected period.
The growing of global powder injection molding market is primarily opposed by molded components? shape and size limitations and expensive nature of raw material. The feed stock required for injection molding are a blend of metal or ceramic powder along with polymer binders. The high costs of both materials, will restrain the global powder injection molding market till 2025.
Stainless steel had the highest share of global MIM market by 2017 and will lead till the projected period, growing at a CAGR of over 6.5%. This segment will generate a revenue of over USD 1.7 billion by the end of 2025. Growing stainless steel components? demand in automobiles, aircrafts for use in engines, locking mechanisms will primarily drive the powder injection molding demand over the projected period.
Alumina will hold the major portion of global CIM market by the end of 2025, generating a revenue of over USD 360.0 million by 2025. It further dominates the global CIM market through the projected timespan. Alumina properties like high flexibility, strength, and less machining are some key factors accountable for the growing alumna-based molded parts? demand. Zirconia had the second-higher share of CIM market. Alumina is highly preferred over zirconia, due to its favorable molding properties.
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MIM market for the automotive end-user will reach over USD 1.0 billion by the end of 2025, growing at a CAGR over 7.5%. MIM components are primarily consumed in locking mechanisms, automotive engines, electronic systems, steering systems, and others. Rising production of automobiles in developing and developed nations will significantly drive the powder injection molding demand in the projected period.
Furthermore, rising demand for injection molded parts for utilization in medical end-user industry will also accelerate the global metal and ceramic injection Market. Growing product demand for vascular therapy, and drug delivery will attribute to the progress of powder injection molding market throughout the forecast timespan.
Asia Pacific PIM market will reach over USD 1.7 billion by the end of projected time, growing at a CAGR of over 6.5%. Rising production of automobiles, growing industrialization, and developing medical end-user industry are the primary factors attributing to Asia Pacific metal and ceramic injection molding market growth through the estimated timeline.
Europe PIM market held second-highest share globally. Germany contributed the larger portion of Europe?s market, and this will show its domination throughout the forecast period. Growing product demand due to growing automobile and aircraft production, with rising demand from medical end-users will accelerate the Europe PIM market till the end of estimated period.
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