Metal And Ceramic Injection Molding Market 2021: The market structure and projections for the coming years

Metal and ceramic injection molding are technologically advanced manufacturing processes used in the production of the different complex and precision components. Metal and ceramic injection molding together called powder injection molding (PIM). This technology provides flexibility in design for numerous choices of materials.

The global metal and ceramic injection molding market is estimated to account for US$ 3,194.2 Mn in terms of value by the end of 2019.

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Competitive Section:

Company Names

Advanced Materials Technologies Pte Ltd.
ARC Group Worldwide Inc
CMG Technologies Ltd
Epson Atmix Corporation
Indo-US MIM Tec Pvt. Ltd.
Plansee Holding AG
PSM Industries
Nippon Piston Ring Co Ltd
Drivers:

Robust demand for the technology from healthcare and medical industry is primarily fueling the market growth of the metal and ceramic injection molding. This technology is used to develop medical equipment such as sensors, catheter tips, implants, tubes, and micro-optics. Moreover, the growing demand for miniature components in producing medical micro parts across the healthcare industry is again anticipated to propel the demand for micro injection molding.

Rapid growth in the firearms industry is fostering the market growth of the metal and ceramic injection molding. This technology has key role in developing advanced defense equipment that is complex-shaped and heavyweight. Metal injection molding is widely adopted across the firearms industry for manufacturing of different types of firearms required in the defense industry. Thus growth in the firearms industry is propelling the market growth.

Figure 1. Global Metal and Ceramic Injection Molding Market, Revenue Share (%), By Region, 2019

Metal and Ceramic Injection Molding | Coherent Market Insights

Asia Pacific region dominated the global metal and ceramic injection molding market in 2019, accounting for 54.9% share in terms of value, followed by Europe and North America, respectively.

Market Restraints

Limitation on the manufacturing of three-dimensional products is expected to hinder the market growth. The challenges associated with the size and weight of the molded parts are hindering the market growth.

The high price of raw materials used in the technology is restricting the adoption of metal and ceramic injection molding which increases the overall price of the metal injection molded products. This factor is expected to hinder the market growth over the forecast period.

Metal and Ceramic Injection Molding Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 3,194.2 Mn
Historical Data for: 2017 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 11.5% 2027 Value Projection: US$ 7,675.1 Mn
Geographies covered:
North America
Europe
China
Rest of Asia Pacific
Latin America
Rest of the World
Segments covered:
By End-Users: Automotive, Aerospace, Medical and Healthcare, Industrial Machinery, Consumer Products and Others.
Companies covered:
Advanced Material Technologies Pte Ltd., ARC Group Worldwide Inc., CMG Technologies Ltd., Epson Atmix Corporation, Indo-US MIM Tec Pvt. Ltd. Plansee Holding AG, PSM Industries and Nippon Piston Ring Co. Ltd

Growth Drivers:
Growing demand for stainless steel in automotive industry.
Robust demand for the technology from healthcare industry.
Restraints & Challenges:
The size and weight of the molded parts restrains the market growth.
High price of raw materials used in technology.
Market Opportunities

Expanding applications of the powder injection molding is projected to provide enormous market opportunities. This technology is rapidly gaining demand from emerging applications such as electrical, electromagnetic, and alternative energy industries. Moreover, increasing use of powder injection molding technology in the manufacturing multitude of structures that can be molded in armatures or stators is further projected to propel the market growth of the metal and ceramic injection molding.

Growing awareness regarding the low-cost and design flexibility deliver by metal and ceramic injection molding are expected to offer potential market opportunities. Rising demand for consumer products such as eyeglasses and watches is again projected to foster the market growth. Moreover, high demand for minimally invasive cosmetic surgery across developing as well as developed regions is further projected to propel the market growth.

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Figure 2. Global Metal and Ceramic Injection Molding Market – Opportunity Analysis

Metal and Ceramic Injection Molding | Coherent Market Insights

Global Metal and Ceramic Injection Molding market was valued at US$ 3,194.2 Mn market in 2019 and is forecast to reach a value of US$ 7,675.1 Mn by 2027 at a CAGR of 11.5% between 2019 and 2027.

Market Trends/Key Takeaways

The growing trend of using stainless steel for metal injection molding due to the high demand for steel products is expected to augment the market growth. Stainless steel products are gaining huge demand from the automotive industry due to their complexity and high strength properties. Also, a complex and reliable structure such as electronic systems, engines, and locking mechanisms can be produced by using this technology. Thus, the growing demand for stainless steel products is propelling the market growth.

Acquisition and merger by major players is a key trend in the market. For instance, in October 2018, Superior Technical Ceramics, based in St. Albans Vermont, has been acquired by Artemis Capital Partners, based in Boston, Massachusetts. Superior Technical Ceramics is one of the innovators in advanced ceramic technologies and serve its product across aerospace, automotive, defense, energy, industrial automation, scientific and research, and medical sectors.

Figure 3. Global Metal and Ceramic Injection Molding Market, Revenue Share (%), By End-Users, in 2019

Metal and Ceramic Injection Molding | Coherent Market Insights

The others segment dominated the global metal and ceramic injection molding market in 2019, accounting for 31.10% share in terms of value, followed by automotive and industrial machinery segment respectively

Global Metal and Ceramic Injection Molding Market - Impact of Coronavirus (Covid-19) Pandemic

The novel Coronavirus (COVID-19) has impacted almost all the industries globally including industrial automation and machinery that is the major end-user of the metal and ceramic injection molding market. Thereby, also impacting the growth of the market till the year 2021.

Value Chain Analysis

Metal and Ceramic Injection Molding | Coherent Market Insights

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