Global Metal and Ceramic Injection Molding Market: Growing Demand from Automotive Industry to Enable Market Expansion at 11.50% CAGR
According to a recent market research report published by Transparency Market Research, the global metal and ceramic injection molding market has been projected to expand at a CAGR of 11.50% during the period between 2014 and 2020. The report, titled “Metal and Ceramic Injection Molding Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020”, forecasts the global metal and ceramic injection molding market to reach a valuation of US$3.5 bn by 2020. The overall market was worth US$1.6 bn in 2013.
Browse the full 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 report at https://www.transparencymarketresearch.com/metal-ceramic-injection-molding.html
Metal and ceramic injection molding technologies are implemented to manufacture desired end components across various industries. Materials such as soft magnetic alloys, titanium alloys, stainless steels, and low-alloy steels are used to manufacture end products including electronic gadgets, medical equipment, automotive equipment, and others. The report points out that growing demand for PIM (powder injection molding) components from the medical and healthcare industry has boosted the growth prospects of the global metal and ceramic injection molding market. Growth of the firearms industry will further augment the overall growth of the market during the forecast horizon. However, the report states that limitations on finished part size and weight are likely to restrain the metal and ceramic injection molding market across the globe. The market has a huge opportunity to grow with new applications for powder injection molding.
On the basis of end user, the report segments the global metal and ceramic injection molding market into aerospace, automobiles, industrial machinery, medical and healthcare, consumer products, and others including defense. In 2013, the automotive industry was the largest end user segment of the market and accounted for more than 20% of the market. During the forecast horizon, development of the defense and electronics sectors will stimulate the demand for metal and ceramic injection molding.
The report studies the global metal and ceramic injection molding market across four key regions: North America, Europe, Asia Pacific, and Rest of the World. Asia Pacific leads the overall metal and ceramic injection molding market owing to the rapidly growing automotive and electronics industries in the region. In 2013, Asia Pacific accounted for over 45% of the market. Other regional markets such as Europe and North America are expected to display stable growth during the forecast period.
The report profiles some of the key players in the global metal and ceramic injection molding market such as CMG Technologies Ltd., ARC Group Worldwide Inc., Advanced Materials Technologies Pte Ltd., Kinetics Climax Inc., Epson Atmix Corporation, Indo-US MIM Tec Pvt. Ltd., PSM Industries, Plansee Holding AG, and Nippon Piston Ring Co. Ltd. The report also provides insightful information about the key players, including their product portfolio, business strategy, financial overview, and recent development.
Metal and ceramic injection molding market is segmented into the following categories:
Metal and Ceramic Injection Molding Market, by Applications
- Medical and healthcare
- Industrial machinery
- Consumer products
- Others (include defence, electronics, etc.)
Metal and Ceramic Injection Molding Market, by Regions
- North America
- Rest of The World
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