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
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