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Increasing Demand from Automotive Sector to Augment the Ceramic Injection Molding Market

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May 17, 2022

Increasing Demand from Automotive Sector to Augment the Ceramic Injection Molding Market

The global ceramic injection molding market is anticipated to expand at a CAGR of 8.3% between 2019 to 2027.

One of the major determinants of the growth of ceramic injection moulding is rising demand coming from the automotive sector, owing to its wide usage in auto parts and components.

Researchmoz points out the important factors that impact the global ceramic injection molding market such as market size, drivers, restraints, opportunities, regional hold, competitive landscape, etc.

Factors Driving and Restraining the Market

Some determinants that drive the growth in the global ceramic injection molding market are as follows-

  • An increasing number of manufacturing units and rapid industrialization across the globe is expected to strengthen the global ceramic injection molding market during the forecast period.
  • The healthcare sector is expected to drive the demand for ceramic injection molding market, owing to its use in surgical implants and other components.
  • The low production time and cost-effectiveness are some of the factors that determine the growth of the global ceramic injection molding market during the forecast period.
  • Ceramic injection molding being an alternative to plastics and metals is expected to intensify the demand in the market in the coming years.
  • The rising awareness about the goodness of ceramic injection molding is projected to bolster the growth opportunities in the global ceramic injection molding market during the forecast period.

Despite so many factors that drive the growth of the ceramic injection molding market during the forecast period, there are some challenges that are expected to restrain the market.

  • The ongoing covid-19 pandemic scare and crisis is anticipated to slowdown the demand and supply, thus restraining the growth of the global ceramic injection molding market.

However, the rising demand for ceramic injection molding from the dental care sector, owing to its usage in dental implant is anticipated to drive the growth in the global ceramic injection molding in the future.

Analyst’s Views

The global ceramic injection molding market is anticipated to grow at a significant rate of 8.3% CAGR during the forecast period.

The increasing demand for mobile phones, gaming consoles, computer devices, etc. are anticipated to bolster the market during the forecast period.

Due to superior thermal properties, zirconia is widely used in the ceramic injection molding market.

The ceramic injection molding widely being used in the vehicle safety system, turbochargers, steering control, access control, etc. are expected to bolster the growth potential for the global ceramic injection molding market during the forecast period.

The automotive sector is subject to the highest share in the market as per the market predictions.

Owing to rapid industrialization and growing automotive sector, the Asia Pacific sector is expected to hold a largest market share in the global ceramic injection molding market in the coming years.

Competitive Landscape

The global ceramic injection molding market is fragmented and competitive in nature because of the presence of major players.

These players are highly focusing on research and development to expand their product range and capture the market.

Further, these players are adopting strategies such as mergers, collaborations, and acquisitions to increase their business profitability.

The prominent players that are present in the global ceramic injection molding market include-

  • CMG Technologies
  • Epson Atmix Corporation
  • INDO-MIM
  • ARC Group Worldwide Inc
  • OptiMIM
  • Smith Metal Products
  • Greene Group
  • PTI
  • PSM Industries
  • AMT Pte Ltd
  • NIPPON PISTON RING CO., LTD.
  • Plansee SE

Key Takeaways

  • The global ceramic injection molding market is expected to observe substantial growth in the coming years.
  • The increasing demand for electronic items and rising purchasing power are expected to create a demand for mobile phones, gaming devices, computing devices, etc. thus owing to the growth in the ceramic injection molding market.
  • The properties such as heat resistance, corrosion-free, and cost-effective attributes drive the growth during the forecast period.

Material Type Disposition (USD Revenue in Millions)

  • Aluminia
  • Zirconia
  • Others

Industry Vertical Disposition (USD Revenue in Millions)

  • Industrial Machinery
  • Automotive
  • Healthcare
  • Electricals and Electronics
  • Consumer Goods
  • Others

Regional Disposition

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa (MEA)

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