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Ceramic Injection Molding Market size exceeded USD 372 million in 2022 and is set to register over 8% CAGR between 2023 and 2032. Increasing demand for ceramic injection molded products in the aerospace industry will fuel the global market growth.
Global demand for injection moulded ceramic products is likely to boost the adoption of ceramic injection moulding machines. This technology has the potential to produce highly precise, complicated ceramic components and parts for the mobile phone, electronics, and consumer goods industries. As a result, the increased acceptance of these goods is expected to fuel the growth of the ceramic injection moulding sector. Moreover, the varied qualities of completed injection moulded ceramic goods, such as increased heat, wear, and corrosion resistance, promote their application across a wide range of end-use industries, encouraging the ceramic injection moulding market growth.
Report Attribute | Details |
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Base Year: | 2022 |
Ceramic Injection Molding Market Size in 2022: | USD 372 Million |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 8.1% |
2032 Value Projection: | USD 803 Million |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 350 |
Tables, Charts & Figures: | 108 |
Segments covered: | Material, End-use, and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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Technical ceramics as a material perform well in harsh environments such as corrosive atmospheres, high temperatures, and abrasive situations. Additionally, modern ceramics combine good mechanical properties with a low specific weight. Because of this feature, advanced ceramics are recognised as lightweight building materials, and hence find use in moving automobile, aeronautics, and engine components. Furthermore, essential development tactics such as business expansion, acquisitions, and others are used by major competitors to improve their position in the global market.
The covid-19 pandemic have a negative impact on the ceramic Injection molding market. The manufacturer of various products from ceramic injection moldings faced a huge challenge due to restriction and disruption in supply chain. The production from ceramic injection moldings was low in 2021 due to pandemic. This is due to the measures Chinese authority have taken to contain the spread of pandemic. The global supply chain from raw material sourcing to installation and building was disrupted due to COVID-19 pandemic. These factor has decreased the demand of ceramic injection moldings market globally.
Ceramic injection molding is a cutting-edge technology that provides cost-effective solutions for producing reproducible, complex ceramic parts and components, The CIM method is one of the most adaptable procedures for producing goods that were previously thought to be difficult and expensive to make using other conventional manufacturing techniques. As a result, it is currently widely used in industries like as automotive, medical, and electronics, among others. Similarly, an increase in demand for injection-molded ceramic components in the medical industry to manufacture various components such as endoscopic tools, prosthetic replacements, dental implants, and others is one of the key factors driving the market development.
In the polymer & plastics sector, ceramic injection molding is used to increase the flexibility of the finished type. Accelerated industrialization, rising incomes, changing lifestyles, and the growing use of polymer items in daily lives are contributing to the sector growth. Healthcare, agriculture, textiles, housing, furniture, electronics, and construction applications employ polymer. A substance or material that is added to a material (often a plastic or elastomer) to increase its flexibility, workability, or distensibility is known as a plasticizer or softener. A plasticizer can lower the temperature of the second-order transition, the melt elastic modulus, or the viscosity of the melt.
Based on materials, the ceramic injection molding market is divided into four materials: alumina, zirconia, ferrite,and others. The alumina segment is dominating among these and is predicted to increase at a high rate. This is due to the material's strong strength and performance properties, as well as its use in a variety of end-use industries such as electronics, automotive, and others.
Asia Pacific region is a significant market for ceramic injection molding due to its growing industrial and consumer base. India is estimated to hold a significant market share of the Ceramic Injection Molding market and is anticipated to expand at a significant CAGR. Increasing production and sales of automotive vehicles, growing demand for consumer goods, and robust growth of the electronics industry are a few macroeconomic factors proliferating the sales of products manufactured from ceramic injection molding. The country is also witnessing a significant increase in the demand for several healthcare products, which is also forecast to augment growth of the product market in the country.
Some of the major market players operating in ceramic injection molding market are:
These players are engaged in startergic partneships and colaboration with instllaors and manufacturer inorder to gain a competitive advantage in the market.
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