The scope of our recent study titled "Ceramic Injection Molding Market Forecast to 2028 - Global Analysis - by Type (Alumina, Zirconia, and Others) and Industry Verticals (Industrial Machinery, Automotive, Healthcare, Electricals and Electronics, Consumer Goods, and Others)" includes the description of factors fueling the market growth, estimation and forecast of revenue, and identification of significant market players and their key developments. The report also provides a market share analysis.
The ceramic injection molding market is projected to reach US$ 603.17 million by 2028 from US$ 349.84 million in 2021. It is expected to register a CAGR of 8.3% from 2022 to 2028.
Ceramic injection molding is a flexible, cost-effective, and innovative process that provides versatility to the product designers and production engineers while using ceramics. Ceramics act as a good substitute for plastic and metal components that are incapable of performing as per the requirement. The ceramic injection molding focusses on quality, precision, and is a process which is closely monitored to meet the requirements. When a ceramic material is chosen for a specific application, the geometry of the component gets limited by the cost of shaping operations. The ceramic injection molding helps in overcoming this issue with the formation of the net shape parts in the tool. The ceramic injection molding offer benefits such as resistance to wear & corrosion, thermal stability, high mechanical strength, and dimensional stability.
Based on type, the ceramic injection molding market is segmented into alumina, zirconia, and others. The alumina segment held the largest share of the ceramic injection molding market in 2020. Owing to the notable mechanical properties along with low specific weight, the ceramic injection molding alumina is used in engineering for sensor tubes, sensor covers, and micro electrodes for ultrasonic welding. It is also used in the textile industry for wire guides and textile thread guides. In electrical components, it is used for microwave electric components. Ceramic insulation molding alumina is being highly demanded as it the most commonly used material in micro-CIM and 2C-CIM technologies. Alumina is mainly applied for parts such as chemical operations, industrial machinery, and vacuum industry where good wear and corrosion resistance is essential.
The ceramic injection molding market is segmented into five main regions: North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America (SAM). Europe held the largest share of the ceramic injection molding market in 2020, and Asia Pacific is expected to register the fastest CAGR during the forecast period. APAC encompasses ample opportunities for the growth of CIM. This region has been noticed as one of the prominent markets for the utilization of ceramic products. Asia has ranked highest among chemical producing regions. China is mainly dominating the regional market, followed by other countries such as Japan, Taiwan, Vietnam, Korea, Thailand, Malaysia, and Indonesia. These countries are experiencing rising demand for semiconductors, electronics, automobiles, and others. CIM is extensively utilized in wearable devices, smartphones, and other electronic devices. The demand for smartphones and wearable devices has been increased subsequently with the growth of the electronics industry, coupled with a shift in consumer living standards. This shift has further propelled the growth of the ceramic injection molding market in the region. Over the past few years, the manufacturing spending toward the developments of chemicals and electronic industry has grown significantly and is anticipated to grow at a high rate. Rising foreign direct investments also lead to economic growth in this region. Increasing expenditure toward research and development activities to diversify the application base of CIM has also led to market growth. Also, the wide use of various types of CIM in medical instruments, aircraft manufacturing, and automobile parts is contributing to the market growth in this region.
The report segments the ceramic injection molding market as follows:
Based on type, the ceramic injection molding market is segmented into alumina, zirconia, and others. Based on industrial verticals, the market is segmented into industrial machinery, automotive, healthcare, electricals and electronics, consumer goods, and others. Based on geography, the ceramic injection molding market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America.
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