According to a new growth forecast analysis by GMI, Metal injection molding market share to reach USD 4 billion by 2025.
Metal and ceramic injection molding is collectively known as powder injection molding. It combines both plastic-molded design flexibility and powder-molded material flexibility, which creates both ceramic and metal parts. This technology is majorly used for producing parts with high complex structures, and of more strength, with surface finish improvement. Both metal & ceramic injection molding processes impart a better production than other molding processes.
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Metal and ceramic injection molding industry is majorly driven by the increasing demand from end-users like automotive, medical, and defense & aerospace end-users. Increasing demand for miniature molded parts in automotive and aerospace applications is significantly contributing to the industry growth over the forecast period.
The global metal injection molding market growth is primarily restricted by limitations about molded components’ size and high raw material prices. The raw materials are a combination of both metal or ceramic powder with binders. Usually, these materials are of high cost, and this may restrict the global metal and ceramic injection molding from growth till the end of the forecast period.
Alumina held the major share of global ceramic injection molding market in 2017. It continues to show its dominance throughout the forecast period. The properties of alumina such as high strength, flexibility, less machining, and fine surface finish are some of the factors responsible for the increasing demand of alumina for ceramic injection molding processes. Zirconia held the second-major share of ceramic injection molding market.
Browse key industry insights spread across 500 pages with 618 market data tables & 24 figures & charts from the report, “Metal Injection Molding Market Size By Product (Iron & Steel, Stainless Steel, Copper, Aluminum), By Application (Automotive, Medical, Firearms, Electronics, Defense/Aerospace, General Industrial), Ceramic Injection Molding Market Size By Product (Alumina, Zirconia), By Application (Automotive, Medical, Electronics, Defense/Aerospace, General Industrial), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, France, UK, Spain, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2025” in detail along with the table of contents:
Metal injection molding market size for automotive held the major share of global market by 2017. It dominates the global market over the entire forecast period. Metal injection molded parts are majorly used in automotive engines, locking mechanisms, steering systems, electronic systems, etc. Increasing automotive production in both the developed and developing regions is significantly driving the metal and ceramic injection molding demand over the entire forecast period.
Moreover, increasing consumption of molded parts for medical end-user will also boost the market size significantly. Increasing product consumption for advanced drug delivery, vascular therapy, etc. will further drive the Metal injection molding market globally till 2025.
The Asia Pacific region held the major share of global metal injection molding market by the end of 2017 and dominates the global market till the projected period. Increasing automotive production, rising industrialization, and expanding medical industry are some of the key factors that are responsible for the growth of Asia Pacific metal injection molding market throughout the projected timeline.
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Europe held the second-major share of global metal injection molding market. Germany contributes the major share of Europe’s regional industry, and it will continue its domination till the end of forecast period. Increasing automotive, and aerospace production, coupled with huge product demand for medical applications will significantly boost the regional market till 2025.
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