Selbyville, Delaware, May 08, 2018 (GLOBE NEWSWIRE) --
Metal And Ceramic Injection Molding Market is expected to cross USD 4.0 billion by 2025; according to a new research report by Global Market Insights, Inc. 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.
Metal and ceramic injection molding market 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 and ceramic 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.
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Stainless steel held the larger share of the global metal injection molding market in 2017, and it will continue its dominance till the end of the forecast period. Rising demand for miniature molded stainless steel components in automobiles, and aircrafts is driving the product demand in the entire 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.
Metal and ceramic 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.
Browse key industry insights spread across 500 pages with 618 market data tables & 24 figures & charts from the report, “Metal Injection Molding Market Share & Forecast, 2018 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/metal-ceramic-injection-molding-market
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 MCIM market globally till 2025.
The Asia Pacific regional market held the major share of global MCIM 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 and ceramic injection molding market throughout the projected timeline.
Europe market held the second-major share of global MCIM 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.
Some of the primary players in the metal and ceramic injection molding market are CMG Technologies, Advanced Materials Technologies, CN Innovations Holdings, Form Technologies Company, ARC Group, Kinetics Climax, Akron Porcelain & Plastics, Nippon Piston Ring, PSM Industries, and Hoganas AB among others.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.