Transparency Market Research has published a new research report titled “Metal and Ceramic Injection Molding Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020” to their report store.
Albany, NY -- (SBWIRE) -- 12/19/2016 -- Factors such as high demand from the global firearms market and rising demand for powder injection molding components drive the global metal and ceramic injection molding market. Substantial demand for powder injection molding components comes from the healthcare industry, which will further augment the growth of this market in the forthcoming years. Rising demand for powder injection molding can also be attributed to increasing preference for miniaturization of complex parts and components. Surging demand for firearms from the American defense industry is expected to stimulate the global market for metal injection molding. The global metal and ceramic injection molding market is anticipated to expand from US$1.67 billion in 2013 to US$3.57 billion by 2020, thereby registering a CAGR of 11.5% during the forecast period.
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Automotive Industry: The Largest Application Segment of the Global Metal and Ceramic Injection Molding Market
With a share of more than 70%, the market for metal injection molding in 2013 held the highest share in the overall metal and ceramic injection molding market. However, owing to manufacturing bottlenecks with regard to the size and weight of the end product manufactured through powder injection molding, the performance of this market will be sluggish over the next couple of years. It is expected that the basic design of motors will change owing to the latest developments in the area of insulated powders for hard and soft magnetic applications.
The global metal and ceramic injection molding market is segmented on the basis of end users and geography. Consumer products, industrial machinery, aerospace, automotive, medical and healthcare, and defense are a few of the prominent areas of application of metal and ceramic injection molding. Among the application segments, the largest share in the global metal and ceramic injection molding market in 2013 was held by the automotive segment. This was due to high disposable incomes and better standards of living, translating to rising demand for cars, and high investments in the manufacturing sector.
High investments in the global healthcare market is anticipated to stimulate the global market for powder injection molding during the forecast period. Defense and electronics are the two lucrative sectors that will contribute to the growth of the global metal and ceramic injection molding market in the years to come.
Asia Pacific to Lead the Global Market Owing to Increasing Industrial Activity
Regionally, the global metal and ceramic injection molding market is segmented into Asia Pacific, North America, Europe, and Rest of the World. In 2013, Asia Pacific held the highest share in the overall market for metal and ceramic injection molding owing to factors such as developing economic conditions and greater industrial activity. Asia Pacific proved to be a large market both in terms of consumption and production.
By the end of 2013, Asia Pacific held a share of more than 45% in the global market for metal and ceramic injection molding. This region will retain its dominant position in the global metal and ceramic injection molding market during the forecast period as well. Metal injection molding technology is gaining popularity in the regional markets of North America and Europe owing to the prospering healthcare and automotive markets in these regions.
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Innovative applications of powder injection molding will create several growth opportunities in the global metal and ceramic injection molding market in the years to come.
The key companies in the global metal and ceramic injection molding market are Indo-US MIM Tec Pvt. Ltd., PSM Industries Inc., Advanced Materials Technologies Pte. Ltd., ARC Group, Plansee Group, and Epsom Atmix Corporation.
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