Press release
Global Ceramic Injection Molding Market Report: USD 746.2 million and CAGR of 8.8% by 2026
๐๐๐ฉ ๐ง๐๐ฅ๐ค๐ง๐ฉ, ๐ง๐๐ฆ๐ช๐๐จ๐ฉ ๐๐ค๐ง ๐จ๐๐ข๐ฅ๐ก๐: https://www.alliedmarketresearch.com/request-sample/3919
Based on material, the alumina segment was the largest revenue contributor in 2018.
By industry vertical, in 2018, the automotive segment generated the highest revenue, accounting for almost one-fifth of the global ceramic injection molding market share, and is projected to grow at a CAGR of 8.0% from 2019 to 2026.
On the basis of region, LAMEA is expected to be the fastest-growing region during the study period.
China accounted for approximately half the share of the Asia-Pacific ceramic injection molding market in 2018.
๐ง๐ต๐ฒ ๐๐ฒ๐ ๐ฃ๐น๐ฎ๐๐ฒ๐ฟ๐
Key players in the global ceramic injection molding market adopted product launch, acquisition, and expansion as their key strategies to meet the change in consumer demands. The key players profiled in this report include ARBURG GmbH + Co KG, Klรคger Spritzguss GmbH & Co. KG, CoorsTek, Inc., Ortech Advanced Ceramics, Indo-MIM, MICRO, Morgan Advanced Materials plc, Nishimura Advanced Ceramics, OECHSLER AG, and Paul Rauschert GmbH & Co. KG.
The various features of the ceramic injection molding process such as easy to operate, higher manufacturing rates, rapid production, and high-quality products fuel the growth of the global ceramic injection molding market. In addition, there has been a rise in the medical device industry in economies such as the U.S., China, and India, which further drive the demand for high-performance ceramic components, thereby fueling the growth of the ceramic injection molding market.
๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฆ๐ถ๐๐ฒ ๐ฎ๐ป๐ฑ ๐๐ผ๐ฟ๐ฒ๐ฐ๐ฎ๐๐
The automotive industry is the major consumer of ceramic injection molding for the production of components such as switches, relays, connectors, and fuel injection components. The growing demand for fuel efficient and light weight vehicles has increased the demand for ceramic injection molded components.
The electrical and electronics industry is also a major consumer of ceramic injection molding for the production of connectors and switches for consumer electronics products. The aerospace industry is also expected to show significant growth in the demand for ceramic injection molded components. Furthermore, the medical industry is increasingly using ceramic injection molding for the production of implants and surgical instruments.
๐๐๐ ๐ ๐ ๐๐ช๐ง๐๐๐๐จ๐ ๐๐ฃ๐ฆ๐ช๐๐ง๐ฎ: - https://www.alliedmarketresearch.com/purchase-enquiry/3919
The market is also driven by the increasing demand for miniaturization of components, advancements in technology, and the increasing need for lightweight components. The growing demand for ceramic injection molded components in the automotive and aerospace industries is also driving the market. The increasing demand for lightweight and durable components is also creating a favorable environment for the ceramic injection molding market.
However, the high cost of ceramic injection molding is restraining the growth of the market. Additionally, growing environmental concerns and stringent regulations are also restraining the growth of the market.
The ceramic injection molding market is segmented on the basis of material, application, and region. On the basis of material, the market is segmented into zirconia, aluminum oxide, silicon nitride, and others. On the basis of application, the market is segmented into automotive, electrical and electronics, aerospace, and medical.
๐ฅ๐ฒ๐ด๐ถ๐ผ๐ป๐ฎ๐น ๐ข๐๐๐น๐ผ๐ผ๐ธ
On the basis of region, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America is expected to dominate the market due to the presence of major players in the region and the presence of major automotive and aerospace companies. Europe is expected to be the second-largest market due to the increasing demand for lightweight and fuel-efficient vehicles.
๐๐ค ๐๐ช๐ง๐๐๐๐จ๐ ๐ฉ๐๐๐จ ๐๐ง๐๐ข๐๐ช๐ข ๐๐๐ฅ๐ค๐ง๐ฉ: - https://www.alliedmarketresearch.com/checkout-final/5fe67d6791fc4b7629ae326ae3616f8b
๐๐ป๐ฎ๐น๐๐๐ ๐ฅ๐ฒ๐๐ถ๐ฒ๐
In conclusion, the global ceramic injection molding market is expected to show significant growth during the forecast period due to increasing demand from the automotive, electrical and electronics, aerospace, and medical industries. The increasing demand for lightweight and fuel-efficient components is driving the market. The high cost of ceramic injection molding is restraining the growth of the market.
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