Metal Injection Molding Market Analysis

Metal And Ceramic Injection Molding Market Analysis

The metal injection molding market has been segmented by type into iron & steel, stainless steel, copper, aluminum, and others. Stainless steel for metal injection molding led the global MCIM market, with a share of over 40% in 2017. The demand for stainless steel molded products in automotive, aerospace, and general industrial end-users is significantly increasing due to the high strength of the metal, thereby driving their product demand from the past few years. The demand for these products is expected to rise significantly over the coming years.

The ceramic injection molding market has been segmented by type into alumina, zirconia, others which included products such as ferrites, piezoelectric ceramics, etc. Alumina products offer high strength, less machinability, and flexibility compared to other materials, thus preferred more by the end-users compared to other materials. Alumina products in the ceramic injection molding market are predicted to show their significance till the end of the forecast period. Increasing demand for alumina molded products in automotive, electronics, and general industrial end-users is expected to boost the global MCIM market significantly over the forecast period.

Metal and ceramic injection market for automotive end-users held the largest share of the global market in 2017, and this will continue to show its dominance till the end of the forecast period. The demand for molded miniature products is increasing the automotive industry, due to their high strength and complexity in their structures. Complex and important components in engines, electronic systems, and locking mechanisms are majorly manufactured by injection molding processes, which is a significant driver to the growth of metal and ceramic injection molding market over the forecast period.

Defense & aerospace, medical, and electronics end-users also held significant shares in MCIM market by the end of 2017. The demand for metal and ceramic injection molded products in these end-users is also predicted to drive the global metal and ceramic injection molding market till the end of 2025.

Asia Pacific metal and ceramic injection molding market led the global market in terms of both volume and revenue throughout the forecast period, owing to the strong presence of numerous manufacturers which are growing at a significant growth rate. Automotive, aerospace, medical and electronics are some the end-users, where metal and ceramic injection molding perform a key role in manufacturing superior parts. Asia Pacific held a share of over 40% of global market by the end of 2013 and is also predicted to continue its lead over the global market over the coming years. This is majorly due to the increasing industrialization in the developing nations of Asia Pacific like China, India, and Japan majorly. The market growth is further attributed by the rising automotive production in these countries over the forecast timespan.
 

Europe, and North America are also predicted to increase their usage of metal and ceramic injection molding, while Asia Pacific is expected to grow at a higher CAGR in the coming years.