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Published Date: 2014-11-11Number of Pages: 67

Metal and Ceramic Injection Molding Market for Automotives, Aerospace, Medical and Healthcare, Industrial Machinery, Consumer Products and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020

Global Metal and Ceramic Injection Molding Market: Snapshot

Ceramic injection molding (CIM) and metal injection molding (MIM) are utilized for manufacturing parts with greater strength, or more complex shapes, while imparting a better surface finish. Both MIM and CIM additionally impart a higher manufacturing capacity than conventional molding methods. They both also include the process called powder injection molding (PIM), which combines powder metallurgy based material flexibility and plastic molding based design flexibility, that help create net-shape ceramic and metal parts. The molding process involves a mixture of metal or ceramic powders along with polymer binders to generate components that show plastic properties. The feedstock constitutes 60% of metal or ceramic materials while the remainder volume is the binder.

The global metal and ceramic injection molding market was valued at US$1.6 bn in 2013 and is expected to expand at a CAGR of 11.50% from 2014 to 2020. The market is primarily augmented by the growing investments made in the end-user industries of medical and healthcare which will propel the demand for superior medical devices. The market is also likely to be driven by the developments in the electronics and defense industries that will open up optimistic scope of implementation for metal and ceramic injection molding over the coming years.

APAC Demand for Metal and Ceramic Injection Molding Continues to Rise

Asia Pacific led the global metal and ceramic injection molding market in terms of demand volume till 2013, owing to a strong presence of multiple large-scale industries that are showing a swift growth rate. This includes automotive and electronics, where metal injection moldings perform a key role of providing superior components. Asia Pacific already took up nearly 45% of the global metal and ceramic injection molding market in 2013 and is expected to continue leading the market over the coming years. Europe and North America are also expected to scale up their use of these technologies, while Asia Pacific is expected to witness the leading growth rate for PIM in the near future, due to rising industrial activities and growth in the electronics industry in the region.

Smaller Component Demand Drives Demand for Powder Injection Molding

The demand for PIM expected to rise over the coming years, owing primarily to the rising demand among key end users for the miniaturization of complex components that require high performance materials. The growing demand for miniature components is also supplementing the demand for micro injection molding in different materials, especially in stainless steel and silicone. These materials are used to produce micro components in medical devices that are used in invasive surgeries, IV therapy, advanced drug delivery, and vascular therapy. Factors such as rising demand for powder injection molding components in the medical and healthcare industry is expected to boost demand for PIM components during the forecast period. Demand for PIM technology in the medical and healthcare industry is increasing for the manufacture of a variety of components. The technology has become highly prominent; the delivery and quality of metal injection molding processors is assured through several certifications such as QS 9000 and ISO 9002. Furthermore, increase in usage of firearms in the defense industry, particularly in the U.S., is likely to boost the growth of the metal injection molding industry.

Demand for metal and ceramic injection molded components was the largest from the automotive sector in 2013 and accounted for over 20% of the global market share in 2013, due to substantial investments by manufacturers due to high demand and changing lifestyles through rising disposable income of consumers. Growth in investment in the medical and healthcare industry across the globe is also expected to support the market growth for powder injection molding over the next few years. Electronics and defense are some of the other promising industry sectors where future growth is likely to boost the demand for the metal and ceramic injection molding market.

Major players in the metal and ceramic injection molding industry include Advanced Materials Technologies Pte. Ltd., ARC Group, Epsom Atmix Corporation, Plansee Group, PSM Industries Inc., and Indo-US MIM Tec Pvt. Ltd.

 
Metal and ceramic injection molding technologies are complex procedures, wherein materials such as ceramic and metals are machined with high precision and accuracy to provide the desired end-products for a specific industry. These two technologies serve as two segments of powder injection molding (PIM). Materials such as stainless steel, titanium alloys, soft magnetic alloys and low-alloy steels are used to manufacture end-components such as electronic gadgets, firearms, medical equipment and automotive components for a wide range of end-user industries. 
 
This report provides detailed analysis and forecast of the metal and ceramic injection molding market on a global and regional level from 2014 to 2020. On the global level, the market has been segmented based on revenue (USD million) from 2014 to 2020. In order to provide in-depth understanding of the market at the regional level, demand has been forecast in terms of revenue (USD million) from 2014 to 2020. The report includes drivers and restraints, and their impact on the growth of the market during the forecast period. Furthermore, the study encompasses opportunities for market growth at the global and regional level.
 
Inflation is not a part of pricing in this report. This report provides the market size of metal and ceramic injection molding market for 2013, and forecast for the next six years (from 2014 to 2020). The global market size of metal and ceramic injection molding has been provided in terms of revenue. Market revenue has been estimated and forecast in USD million. Market numbers have been estimated based on various key end-users of metal and ceramic injection molding. Market size and forecast for each segment have been provided in the context of the global as well as regional market.
 
The report on metal and ceramic injection molding covers market data pertaining to components machined through the powder injection molding technology. The report primarily focuses on metal injection molding. It also discusses ceramic injection molding in detail.
 
The report includes a thorough analysis of the value chain in order to provide detailed understanding of the market. Additionally, it comprises Porter’s Five Forces model, which provides an insight into the intensity of competition in the market. Furthermore, the study includes market attractiveness analysis, where various end-users are benchmarked based on market size, growth rate and general attractiveness. The market has been segmented based on various end-users. Each segment has been analyzed and forecast based on revenue (USD million) from 2014 to 2020. Additionally, the segments have been analyzed and forecast based on current trends at the global and regional level during the given time period. Geographically, the market has been segmented into North America, Europe, Asia Pacific and Rest of the World (RoW). Demand has been analyzed and forecast based on current trends for the period of six years. 
 
We conducted in-depth interviews and discussions with numerous key industry participants and opinion leaders for the research report. Primary research represented the bulk of the research efforts coupled with an extensive secondary research. We reviewed key players’ annual reports, product portfolio, press releases, and relevant documents for competitive analysis and better understanding of the market. Secondary research included in-depth research on current trends, technical writing, recent trades, internet sources, trade associations, statistical data from government websites and associated authorized agency websites. This proved to be the most successful, effective, and reliable approach for obtaining concise data, capturing industry participants’ insights and recognizing opportunities and growth.
 
Secondary research sources that were typically referred to include, but were not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings. Other sources such as internal and external proprietary databases, relevant patent and regulatory databases, national government documents, statistical databases and market reports, news articles, press releases, and webcasts specific to companies operating in the market have also been referred for the report.
 
We conducted primary interviews with industry participants and commentators in order to validate data and analysis. A typical research interview fulfilled functions such as providing first-hand information on market size, market trends, growth trends, competitive landscape and outlook. This helped in validating and strengthening the secondary research findings. Primary research further developed the analysis team’s expertise and market understanding.
 
Profiles of leading companies have been provided in the report along with detailed analysis of their market share. The study features profiles of companies such as Advanced Materials Technologies Pte. Ltd., ARC Group, Epsom Atmix Corporation, Plansee Group, PSM Industries Inc., and Indo-US MIM Tec Pvt. Ltd. The market has been segmented as below:
 
Metal and Ceramic Injection Molding Market - Application Analysis
  • Automotives
  • Aerospace
  • Medical and healthcare
  • Industrial machinery 
  • Consumer products
  • Others (Including defense, electronics, etc.)
Metal and Ceramic Injection Molding Market - Regional Analysis
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW)


 
 
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