What Has Been the Progress and Growth of the Metal And Ceramic Injection Molding Market in Recent Years?
The metal and ceramic injection molding market has seen considerable growth due to a variety of factors.
• In recent years, the dimension of the metal and ceramic injection molding market has been witnessing substantial growth. It is anticipated that it will expand from $4.06 billion in 2024 to $4.45 billion in 2025, with a compound annual growth rate (CAGR) of 9.5%. The expansion in the previous duration has been spurred by factors such as automobile part manufacturing, healthcare sector needs, progress in binder systems, an upsurge in the need for consumer goods, cost-effectiveness, and diversity of materials.
What Is The Expected Growth In The Metal And Ceramic Injection Molding Market?
The Metal And Ceramic Injection Molding market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for metal and ceramic injection molding is projected to experience a swift expansion in the coming years, reaching $6.6 billion in 2029 at a compound annual growth rate (CAGR) of 10.4%.
The surge in this forecast period can be accredited to factors such as the growing use of ceramic components, progression in powder metallurgy, production of medical implants, worldwide expansion in the aerospace sector, and growth in defense applications, along with the entrance of new market competitors. Noteworthy trends expected during this forecast period encompass the incorporation of industry 4.0 technologies, development in material innovation, emphasis on sustainability, global market growth, and a concentration on quality and uniformity.
What Main Forces Are Fueling Expansion In The Metal And Ceramic Injection Molding Market?
The growth of the metal and ceramic injection molding market is predicted to be propelled by the rising demand for minimally invasive cosmetic surgery. This type of surgery involves the use of viewing scopes and specially constructed surgical instruments to carry out major surgeries via multiple tiny incisions, removing the requirement for a large cut. Metal and ceramic injection molding technology is used in producing these surgical tools. For example, in February 2024, the American Academy of Facial Plastic and Reconstructive Surgery, a non-profit organization in the US, stated that around 83% of all medical procedures conducted in 2023 were minimally invasive, while the remaining 17% were standard surgical procedures. Furthermore, in 2023, as per the American Society of Plastic Surgeons, another specialty organization in the US, the overall number of cosmetic minimally invasive procedures grew from 23.7 million in 2022 to 25.4 million in 2023. Thus, the growing inclination towards minimally invasive procedures is expected to fuel demand for metal and ceramic injection molding in the forthcoming years.
What Are The Primary Segments In The Global Metal And Ceramic Injection Molding Market?
The metal and ceramic injection molding market covered in this report is segmented –
1) By Material: Iron And Steel, Stainless Steel, Copper, Aluminum, Alumina, Zirconia, Other Materials
2) By Distribution Channel: Online Stores, Offline Stores
3) By Applications: Medical And Healthcare, Industrial Machinery, Consumer Products, Automotive, Aerospace, Other Applications
Subsegments:
1) By Iron And Steel: Carbon Steel, Alloy Steel, Tool Steel
2) By Stainless Steel: Austenitic Stainless Steel, Ferritic Stainless Steel, Martensitic Stainless Steel
3) By Copper: Copper Alloys, Beryllium Copper
4) By Aluminum: Aluminum Alloys, Pure Aluminum
5) By Alumina: High-Purity Alumina, Low-Purity Alumina
6) By Zirconia: Partially Stabilized Zirconia, Fully Stabilized Zirconia
7) By Other Materials: Titanium Alloys, Magnesium Alloys, Other Specialty Materials
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Which Key Trends Are Driving Changes In The Metal And Ceramic Injection Molding Market?
Technological progress has become the leading trend gaining traction in the metal and ceramic injection molding sector. Major market players are concentrating on creating new technological strategies to consolidate their market presence. For instance, in April 2022, Hoganas AB, a Swedish firm specializing in the production of powdered metal, introduced a new product area incorporating innovative technology within the metal injection molding industry. The company shared news of incorporating a variety of titanium powders for additive production. The use of titanium is optimal due to its unmatched strength-to-weight ratio of any known metal, making it suitable for a plethora of applications - from automotive parts to lightweight space components. It possesses impressive corrosion resistance and high biocompatibility properties, rendering it perfectly suitable for the fabrication of specialized medical implants.
Who Are the Key Players In The Metal And Ceramic Injection Molding Market?
Major companies operating in the metal and ceramic injection molding market include:
• Form Technologies Inc.
• ARC Group Worldwide Inc.
• CMG Technologies Ltd.
• PSM Industries Inc.
• Nippon Piston Ring Co. Ltd.
• Polymer Technologies Inc.
• INDO-MIM Pvt. Ltd.
• Parmaco Metal Injection Molding AG
• Parmatech Corporation
• Phillips-Medisize Corporation
• Dynacast International Inc.
• Advanced Materials Technologies Pte Ltd.
• NetShape Technologies Inc.
• Morgan Advanced Materials PLC
• Arburg GmbH + Co KG
• Ortech Inc.
• Chen Hsong Holdings Ltd.
• CoorsTek Inc.
• Epsom Atmix Corporation
• FineMIM Co. Ltd.
• GKN Sinter Metals Engineering GmbH
• Innovative MIM Solutions Inc.
• Jiangsu Gian MIM Technology Co. Ltd.
• Kinetics Climax Inc.
• MIM International Inc.
• MPP Inc.
• Metal Injection Molding Company Inc.
• Nissei Plastic Industrial Co. Ltd.
• Praxis Powder Technology Inc.
• Rauschert GmbH
• Sembach Technical Ceramics GmbH
• Shandong Jinzhu New Material Technology Co. Ltd.
• Sintex A/S
• Smith Metal Products Inc.
• Stackpole International Inc.
• Taiwan Powder Technologies Co. Ltd.
• The Japan Steel Works Ltd.
• Thixomat Inc.
• Ticona Engineering Polymers Inc.
• Tosoh Corporation
• Xcentric Mold & Engineering Inc.
• Zoltrix Material Co. Ltd.
• Zirconium Research Corporation
• Zollern GmbH & Co. KG
What Is The Most Dominant Region In The Metal And Ceramic Injection Molding Market?
Asia-Pacific was the largest region in the metal and ceramic injection molding market in 2024. The regions covered in the metal and ceramic injection molding market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
