The Global Market for Metal and Ceramic Injection Molding is Projected to Reach US$5.7 Billion by 2022

Rising Emphasis On Near-Net-Shape & Precision Forming Technologies in Industrial Manufacturing Drives Growth in the Global Metal and Ceramic Injection Molding Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Metal and Ceramic Injection Molding market. The global market for Metal and Ceramic Injection Molding is projected to reach US$5.7 billion by 2022, driven by the rising emphasis on near-net-shape and advanced precision forming techniques in industrial manufacturing processes.

Metal and Ceramic Injection Molding (MIM/CIM) techniques are innovative, near net-shape (NNS), precision forming processes that demonstrate several unique attributes in production of high-quality parts and components. Powder injection molding technologies, both MIM and CIM use sinterable powders made from metals or ceramics to seamlessly facilitate high-volume production of geometrically intricate products featuring close dimensional tolerances in a much faster manner and with minimal or no wastage of feedstock material. Both MIM and CIM technologies offer numerous advantages over machining, investment casting, die casting and other conventional metal processing and powder metallurgy techniques, with process efficiency, cost effectiveness, low-weight, and ‘Green’ benefits being primary advantages.

Significant improvements made in feedstock and processing technologies over the years have helped MIM and CIM to widen their use in the manufacture of versatile and complex composites across various end-use industries. Expanding role of high-quality, robust and miniature parts in consumer products such as smartphones, tablet PCs, laptop PCs, eyewear and watches will continue to buoy demand for MIM and CIM parts.  In the medical devices sector, increasing transition towards minimally invasive surgery is driving demand for metal-injection-molding in the production of microsized components for smaller and complex devices. Prominence of MIM technology in automotive sector especially remains high for manufacturing durable and reliable components that are resilient to high temperature, vibration and exposure to corrosive elements. The trend towards lightweight automotive parts and smaller engines with higher displacement is further creating new opportunities for MIM. In the IT sector, growing investments in high speed data transmission networks bodes well for MIM for components employed in telecommunications cellular backhaul and building-to-building high speed networks.

As stated by the new market research report on Metal and Ceramic Injection Molding, Asia-Pacific and the United States represent the largest markets worldwide. Asia-Pacific ranks as the fastest growing market led by factors such as strong economic growth, increasing disposable incomes and a parallel rise in consumption of manufactured goods, expanding manufacturing industry and increased investments in manufacturing infrastructure upgrades, growing focus on quality and competitiveness and the ensuing manufacturer willingness to invest in sophisticated parts manufacturing techniques and emergence of low cost Asian countries as manufacturing hubs for consumer electronics, automobiles, medical/industrial equipment and a host of other manufactured goods.  

Major players covered in the report include Advanced Materials Technologies, Akron Porcelain & Plastics Co., ARC Group Worldwide, Inc., CMG Technologies, CN Innovations Holdings Ltd., Dynacast International, Inc., Epson Atmix Corp., GKN plc, Indo-MIM Pvt. Ltd., Nippon Piston Ring Co. Ltd., Parmatech Corp., Phillips-Medisize Corp., Polymer Technologies Inc., PSM Industries Inc., Smith Metal Products, SSI-Sintered Specialties Inc., and World Class Technology among others.

The research report titled “Metal and Ceramic Injection Molding: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections in value terms for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), and Rest of World. Further, the report also analyzes the MIM market by end-use sectors – Automotive, Consumer Products, Medical / Healthcare, Mechanical Parts, and Information Technology.

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