Global Metal and ceramic injection molding market are expected to experience brisk over the forecast period growth due to increased demand for minimally invasive cosmetic surgery in the developed regions. Huge investment by manufacturers in this industry is presumed to fuel the Metal and ceramic injection molding market growth over the next eight-year period.
Metal injection molding (MIM) and ceramic injection molding (CIM) technology are complex processes in which materials such as metals & ceramic are put into machined techniques. The procedure is managed with high accuracy and precision to provide the required products for a particular industry. Metal and ceramic injection molding technologies function as two segments in powder injection molding (PIM). PIM comprising MIM and CIM is innovative manufacturing technologies to produce complex and high volume net-shaped components. The components are made with metal and ceramic powder usage. The materials which are used to manufacture several end components include titanium alloys, stainless steel, soft magnetic alloys, and low-alloy steels. The end components manufactured include medical equipment, electronic gadgets, firearms, and automotive components for a varied range of end-user industries. These technologies provide the design flexibility for unlimited material choice offered by the powder metallurgy (powdered ceramic and metal).
Rapid industrialization across the world is estimated to fuel the market growth over the forecast period. With the huge growth in the automobile industry coupled with heavy production, the demand for this technology is presumed to have a positive impact on the industry's growth shortly. Growth and development in the medical & healthcare sector are expected to further boost the industry growth over the next eight-year period. The rise in disposable income and automobile industry expansion in developing regions is estimated to enhance the market growth. Several advantageous characteristics involved with the usage of these technologies are presumed to contribute to the Metal and ceramic injection molding market expansion. It advances the lenience capacity involved with investment casting moreover it increases mechanical strength and improves the product's shape limitation.
The low cost along with complex designing capabilities, MIM and CIS technology deliver a higher economy of scale and reduce the time taken to manufacture a product by eliminating production steps such as finishing and machining. The manufacturing process involves mainly four steps in metal and ceramic injection molding feedstock preparation, depending on injection modeling, and sintering. Increasing demand for consumer products such as eyeglasses and watches is expected to further enhance the growth shortly for the metal and ceramic injection molding market. The growing firearms industry is presumed to further propel the metal and ceramic injection molding technologies demand. Heavy demand for minimally invasive cosmetic surgery in the developed regions is expected to boost the industry's growth.
Limitation on finished fragments size and weight is presumed to hinder the market demand shortly. Several new applications for powder injection molding is presumed to open new opportunity for the industry vendors over the next eight-year period. High substitution threat from other molding techniques due to user-friendly easy availability characteristics is expected to challenge the industry demand. Moreover, substitute techniques properties such as easy tooling, cost-effective operation and, moderate working requirements have challenged the industry growth in recent years.
The metal and ceramic injection molding market can be classified based on end-users as automotive, medical & healthcare, consumer’s product, aerospace, industrial machinery, electronics, and defense among several others. Key regional markets include North America, Central & South America, Europe, Middle East & Africa, and the Asia Pacific. Developed regions such as North America are estimated to witness positive growth over the next eight-year period owing to huge demand from the healthcare sector. Europe is expected to witness rapid growth due to an increase in demand from Germany and Italy-based automotive manufacturers. Developing regions such as the Asia Pacific and Central & South America are expected to experience rapid growth in the industry over the next eight years period owing to rising awareness, rise in disposable income, and high demand for metal and ceramic devices. Emerging economies such as India and China are presumed to have huge growth shortly due to rapid industrialization. Innovation and development towards quality products are anticipated to further enhance the growth in this region in near future.
Vendors are investing in research and development to generate an advanced product that gives them a competitive advantage over other vendors. The companies are expected to take strong measures to gain market share and to deliver better quality product demand. Prominent industry participants include AB Components, Hong Ya Industrial, Abbot Furnace Company, Cypress Industries, G-Mag International, Datumag Inc., Affinity International LLC., and Britt Manufacturing Co.
Research Support Specialist, USA
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