METAL AND CERAMIC INJECTION MOLDING MARKET ANALYSIS

The global metal and ceramic injection molding market is estimated to account for US$ 3.97 BN in terms of value by the end of 2022.

Global Metal and Ceramic Injection Molding Market: Growth Drivers

More demand in the medical and healthcare sectors

Metal and ceramic injection molding technology is in high demand in the healthcare and medical sectors. Medical devices including implants, tubes, sensors, catheter tips, and micro-optics are all improved by this technique. Furthermore, the demand for micro injection molding is anticipated to be driven by the rising need for tiny components in the production of medical micro parts across the healthcare sector

Global Automobile Manufacturing Expands

In the automobile industry, the injection molding technique is utilized considerably and often during the production process to create mold cavities by injecting molten plastic materials; this procedure is referred to as screw precession. Injection molding has a number of steps, including injection, clamping, cooling, dwelling, opening the mold, and others. The global automobile industry is expanding quickly. Consequently, it is projected that this would contribute significantly to the market's growth throughout the forecast period. For instance, in 2021, almost 65 million autos had been sold all over the world. In 2021-22, nearly 10 million two-wheelers, 0.2 million three-wheelers, 3 million passenger cars, and 0.7 million commercial vehicles were all sold out globally.

Global Metal and Ceramic Injection Molding Market: Restraints

High Machines Tooling cost

The adoption of metal and ceramic injection molding is being hampered by the high cost of the raw materials used in the process, which raises the overall cost of the metal injection molded goods. It is projected that limitations on three-dimensional products production would hinder market expansion. The weight and size issues with the molded parts are impeding market expansion. Over the anticipated period, these issues are anticipated to impede market expansion. For instance, in 2022, Wunder Mold stated that, injection molding utilizes special-purpose machinery for producing large quantities of identical ceramic parts. The machines are essential for the manufacturing process, as only the most advanced equipment can produce the most intricate designs with high levels of precision and repeatability. The cost of these machines is high and can range upward of two-hundred thousand dollars, which affects the price of manufacturing.

Global Metal and Ceramic Injection Molding Market- Impact of Coronavirus (Covid-19) Pandemic

The ongoing COVID-19 situation is causing a staggered upsurge in business activity in the Global metal and ceramic injection molding markets. Members of the market are putting their contingency plans into action to deal with the unstable demand for products and the limited supply. To maintain the health of economies, market participants are focusing on sectors with little or no negative externalities, such as consumer goods, healthcare, and industrial machinery. Companies are making data-driven decisions to open up new end-use cases for the metal and ceramic injection molding sector during the pandemic in order to generate new income possibilities. In order to maintain company continuity and the wellbeing of employees and laborers, they are adjusting to new industrial practices and instructions that healthcare organizations have released

Figure 1. Global Metal and Ceramic Injection Molding Market, Revenue Share (%), By Region, 2022

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Global Metal and Ceramic Injection Molding Market: Market Opportunities

Numerous market prospects are anticipated as powder injection moldings applications are expanded. Emerging applications including the electrical, electromagnetic, and alternative energy sectors are quickly driving up demand for this technology. The market expansion of metal and ceramic injection molding is also anticipated to be aided by the growing usage of powder injection molding technology in the production of a wide range of structures that can be molded in armatures or stators.

Growing market prospects are anticipated as people become more aware of the affordability and creative flexibility that metal and ceramic injection molding provide. Once again, rising consumer demand for goods like watches and eyeglasses is anticipated to fuel industry expansion. Additionally, there is a significant demand for less invasive cosmetic surgery in both developed and developing countries.

Global Metal and Ceramic Injection Molding Market: Key Trends

Due to the rising demand for steel goods, there is a growing trend of employing stainless steel for metal injection molding, which is anticipated to boost market growth. The automobile sector has a great need for stainless steel goods because of their complexity and high strength attributes. This technique may also be used to create intricate and dependable structures like electronic systems, engines, and locking mechanisms. As a result, the market is expanding due to the rising demand for items made of stainless steel.

A significant market trend is the acquisition and merging of big firms. For instance, Boston, Massachusetts-based Artemis Capital Partners purchased Superior Technical Ceramics, a company with headquarters in St. Albans, Vermont, in October 2020.

Figure 2. Global Metal and Ceramic Injection Molding Market, Revenue Share (%), By End Users, in 2022

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Global Metal and Ceramic Injection Molding Market: Market Segmentation

Asia Pacific region dominated the global metal and ceramic injection molding market in 2022, accounting for 54.9% share in terms of value, followed by Europe and North America, respectively.

Global Metal and Ceramic Injection Molding Market: By End Users

The others segment dominated the global metal and ceramic injection molding market in 2022, accounting for 31.10% share in terms of value, followed by automotive and industrial machinery segment, respectively

Global Metal and Ceramic Injection Molding Market: Recent Development

In June 2021, Sumitomo Heavy Industries, Ltd, released the all-electric small injection molding machine SE30EV-A that enables speedy set-up, precise, stability, production management, and reduction of environmental loads. The special features such as an advanced touch panel controller and low vibration greatly lead to improvement in the production field.

In September 2022, Chen Hsong Holdings Limited launched the First New Batch of MK6 & SMTP Injection Molding Machines at its BYD factory for a celebration event. BYD is known to be the largest new energy vehicle manufacturer in China.

In April 2020, Hoganas AB, introduced the development of new product area to meet the rising demand for the metal injection molding within additive manufacturing.

In May 2020, Hoganas, completed the acquisition of H.C. Starck Technology Surface and Ceramic Powder and Metasphere Technology. This acquisition aimed at strengthening the market position of Sweden-based Company, Hoganas.

Global Metal and Ceramic Injection Molding Market: Key companies

Advanced Material Technologies Pte Ltd., ARC Group Worldwide Inc., CMG Technologies Ltd., Epson Atmix Corporation, Indo-US MIM Tec Pvt. Ltd., Kinetics Climax Inc., Plansee Holding AG, PSM Industries, and Nippon Piston Ring Co. Ltd.

*Definition: Metal and ceramic injection molding are technologically advanced manufacturing processes used in the production of the different complex and precision components