Metal And Ceramic Injection Molding Market share is set to cross US$4 bn by 2025, Metal and ceramic injection molding is collectively known as powder injection molding. It combines both plastic-molded design flexibility and powder-molded material flexibility, which creates both ceramic and metal parts. This technology is majorly used for producing parts with high complex structures, and of more strength, with surface finish improvement. Both metal & ceramic injection molding processes impart a better production than other molding processes. —
Metal and ceramic injection molding industry is majorly driven by the increasing demand from end-users like automotive, medical, and defense & aerospace end-users. Increasing demand for miniature molded parts in automotive and aerospace applications is significantly contributing to the industry growth over the forecast period.
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Moreover, increasing consumption of molded parts for medical end-user will also boost the market size significantly. Increasing product consumption for advanced drug delivery, vascular therapy, etc. will further drive the MCIM market globally 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.
Browse key industry insights spread across 500 pages with 618 market data tables & 24 figures & charts from the report, “Metal Injection Molding Market Size By Product (Iron & Steel, Stainless Steel, Copper, Aluminum), By Application (Automotive, Medical, Firearms, Electronics, Defense/Aerospace, General Industrial), Ceramic Injection Molding Market Size By Product (Alumina, Zirconia), By Application (Automotive, Medical, Electronics, Defense/Aerospace, General Industrial), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, France, UK, Spain, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2025” in detail along with the table of contents:
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.
The Asia Pacific regional market held the major share of global MCIM market by the end of 2017 and dominates the global market till the projected period. Increasing automotive production, rising industrialization, and expanding medical industry are some of the key factors that are responsible for the growth of Asia Pacific metal and ceramic injection molding market throughout the projected timeline.
Europe market held the second-major share of global MCIM market. Germany contributes the major share of Europe’s regional industry, and it will continue its domination till the end of forecast period. Increasing automotive, and aerospace production, coupled with huge product demand for medical applications will significantly boost the regional market till 2025.
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All the above factors are identified and analyzed in detail, with their present and expected market impact, which is quantified and used to derive market growth expectation. Market forecast is built using statistical analysis with models built around time-variance, regression and correlation analytics.
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