Metal and Ceramic Injection Molding Market Will Grow at 6% Up to 2024 : CN Innovations Holdings Ltd., Akron Porcelain & Plastics Co., ARC Group Worldwide, Inc., Kinetics

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

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Sellbyville, DE -- (SBWire) -- 11/17/2018 --One of the most swiftly expanding niche verticals of polymers space, metal and ceramic injection molding market has found extensive popularity across myriad business domains. Predominantly utilized to manufacture miniature products in end use sectors along the likes of aerospace, automotive, healthcare, defense, and electronics, metal and ceramic injection molding technologies have transformed remarkably over the recent years.

The rising demand for complex parts that require high-performance materials, particularly stainless steel and silicon, has further boosted the commercialization potential of this business space. In fact, as per reliable estimates, the total remuneration portfolio of metal and ceramic injection molding industry exceeded USD 2.5 billion in the year 2017.

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According to a new research report by Global Market Insights, Inc. Metal And Ceramic Injection Molding Market size will exceed USD 4.0 billion by 2025.

Stainless steel held the larger share of the global metal injection molding market in 2017, and it will continue its dominance till the end of the forecast period. Rising demand for miniature molded stainless steel components in automobiles, and aircrafts is driving the product demand in the entire forecast period.

Alumina held the major share of global ceramic injection molding market in 2017. It continues to show its dominance throughout the forecast period. The properties of alumina such as high strength, flexibility, less machining, and fine surface finish are some of the factors responsible for the increasing demand of alumina for ceramic injection molding processes. Zirconia held the second-major share of ceramic injection molding market.

Metal and ceramic injection molding market size for automotive held the major share of global market by 2017. It dominates the global market over the entire forecast period. Metal injection molded parts are majorly used in automotive engines, locking mechanisms, steering systems, electronic systems, etc. Increasing automotive production in both the developed and developing regions is significantly driving the metal and ceramic injection molding demand over the entire forecast period.

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Moreover, increasing consumption of molded parts for medical end-user will also boost the market size significantly. Increasing product consumption for advanced drug delivery, vascular therapy, etc. will further drive the MCIM market globally till 2025.

The Asia Pacific regional market held the major share of global MCIM market by the end of 2017 and dominates the global market till the projected period. Increasing automotive production, rising industrialization, and expanding medical industry are some of the key factors that are responsible for the growth of Asia Pacific metal and ceramic injection molding market throughout the projected timeline.

Europe market held the second-major share of global MCIM market. Germany contributes the major share of Europe's regional industry, and it will continue its domination till the end of forecast period. Increasing automotive, and aerospace production, coupled with huge product demand for medical applications will significantly boost the regional market till 2025.

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Some of the primary players in the metal and ceramic injection molding market are CMG Technologies, Advanced Materials Technologies, CN Innovations Holdings, Form Technologies Company, ARC Group, Kinetics Climax, Akron Porcelain & Plastics, Nippon Piston Ring, PSM Industries, and Hoganas AB among others.

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