Home > Chemicals & Materials > Advanced Materials > Metal Molds Market
Metal Molds Market Size
- Report ID: GMI4904
- Published Date: Dec 2022
- Report Format: PDF
Metal Molds Market Size
Metal Molds Market for Plastic Injection Molding size was recorded at USD 4.5 billion in 2022. Driven by increasing construction projects, the industry is anticipated to grow at more than 3% CAGR from 2023 to 2032.
Metal molding for plastic injection molding is gaining positive attention among manufacturers of consumer goods. One of the primary factors driving the market share is the mounting product demand from the healthcare industry. Metal injection molding is cheap, flexible, ideal for mass production, results in less wastage, are durable, and is reliable compared to counterparts. The growth in physical disorders and damages has raised the demand for surgical instruments and high-quality dental implants.
Moreover, the surging purchasing power of people has propelled the uptake of automobiles, which, in turn, is accelerating product penetration in the automotive sector. Metal injection molding is useful in fabricating components of automobiles, including gearboxes, steering systems, turbochargers, rocker arms, and shift levers, which are complex and high-strength engine parts. Furthermore, the role of government in the smooth functioning of the industry is also augmenting the market growth.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Metal Molds Market Size in 2022: | USD 4.5 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 3.4% |
| 2032 Value Projection: | USD 6.5 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 350 |
| Tables, Charts & Figures: | 574 |
| Segments covered: | Material, Manufacturing Process, Application, and Region |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Frequently Asked Questions (FAQ) :
Metal Molds Market Scope
