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Metal And Ceramic Injection Molding Market to gain rapid growth from Automotive Industry by 2024

Author : Rahul Varpe | Published Date : 2019-05-03 

Global Market Insights provides a detailed overview of Metal And Ceramic Injection Molding market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of Metal And Ceramic Injection Molding market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

Global powder injection molding market is primarily accelerated by the expanding demand from medical, defense & aerospace, and automotive end-users. Budding demand for molded miniature parts in aerospace and automotive end-users is primarily attributing to the metal and ceramic injection molding market growth till the end of projected period.

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Bearing in mind its varied end use spectrum and massive profitability scale, the prominent metal and ceramic injection molding market participants have been focusing on instituting new product ventures to gain competitive edge in this business sphere. For instance, the Swedish producer of powdered metals, Hoganas AB, has recently developed a cutting-edge product venture which aims at the metal injection molding and additive manufacturing processes.

Speaking of the geographical growth landscape of metal and ceramic injection molding industry, the Asia Pacific region has been the forerunner in the past few years. This is primarily attributed to the presence of numerous automotive, medical, and electronics sector biggies across developing nations of the region. Analysts cite the rapid expansion of automotive vertical across emerging nations like China and India to further fuel the Asia Pacific metal and ceramic injection molding market, which apportioned over 40% of the total revenue share of this business sphere at the end of 2017.

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Stainless steel had the highest share of global MIM market by 2017 and will lead till the projected period, growing at a CAGR of over 6.5%. This segment will generate a revenue of over USD 1.7 billion by the end of 2025. Growing stainless steel components' demand in automobiles, aircrafts for use in engines, locking mechanisms will primarily drive the powder injection molding demand over the projected period.

Alumina will hold the major portion of global CIM market by the end of 2025, generating a revenue of over USD 360.0 million by 2025. It further dominates the global CIM market through the projected timespan. Alumina properties like high flexibility, strength, and less machining are some key factors accountable for the growing alumna-based molded parts' demand. Zirconia had the second-higher share of CIM market. Alumina is highly preferred over zirconia, due to its favorable molding properties.

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The growing of global powder injection molding market is primarily opposed by molded components' shape and size limitations and expensive nature of raw material. The feed stock required for injection molding are a blend of metal or ceramic powder along with polymer binders. The high costs of both materials, will restrain the global powder injection molding market till 2025.

Key stakeholders in the metal and ceramic injection molding market are CN Innovations Holdings, Advanced Materials Technologies, Kinetics Climax, Form Technologies Company, CMG Technologies, ARC Group, Nippon Piston Ring, Akron Porcelain & Plastics, Hoganas AB, and PSM Industries among others.

 

 

Related News: https://www.marketwatch.com/press-release/asia-pacific-material-handling-equipment-market-is-experiencing-appreciable-growth-form-automated-guided-vehicles-over-2019-2024-2019-04-18

 

 

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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.

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About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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