Global Ceramic Injection Molding Market Report: USD 746.2 million and CAGR of 8.8% by 2026

According to a new report published by Allied Market Research, titled,"Ceramic Injection Molding Market: Global Opportunity Analysis and Industry Forecast, 2019-2026," the global ceramic injection molding market size was $375.0 million in 2018 and is projected to reach $746.2 million in 2026, growing at a CAGR of 8.8%. The alumina segment accounted for over two-fifths of the market share in 2018 and is expected to witness significant growth during the global ceramic injection molding market forecast period.

𝙂𝙚𝙩 𝙧𝙚𝙥𝙤𝙧𝙩, 𝙧𝙚𝙦𝙪𝙚𝙨𝙩 𝙛𝙤𝙧 𝙨𝙖𝙢𝙥𝙡𝙚: 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.

𝗧𝗵𝗲 𝗞𝗲𝘆 𝗣𝗹𝗮𝘆𝗲𝗿𝘀

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, Kläger 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.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗶𝘇𝗲 𝗮𝗻𝗱 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁

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.

𝙈𝙖𝙠𝙚 𝙖 𝙋𝙪𝙧𝙘𝙝𝙖𝙨𝙚 𝙄𝙣𝙦𝙪𝙞𝙧𝙮: - 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.

𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗢𝘂𝘁𝗹𝗼𝗼𝗸

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.

𝙏𝙤 𝙋𝙪𝙧𝙘𝙝𝙖𝙨𝙚 𝙩𝙝𝙞𝙨 𝙋𝙧𝙚𝙢𝙞𝙪𝙢 𝙍𝙚𝙥𝙤𝙧𝙩: - https://www.alliedmarketresearch.com/checkout-final/5fe67d6791fc4b7629ae326ae3616f8b

𝗔𝗻𝗮𝗹𝘆𝘀𝘁 𝗥𝗲𝘃𝗶𝗲𝘄

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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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

This release was published on openPR.