The ceramic injection molding market in North America was valued at US$ 108.49 million in 2019 and is projected to reach US$ 203.73 million by 2027; it is expected to grow at a CAGR of 8.3% from 2020 to 2027.
Various advantages offered by ceramic injection molding is the critical driver for the North America ceramic injection molding market. The ceramic injection molding process is a category of powder injection molding. It is used for mass production of injection molded ceramic parts. By utilizing this technology, injection-molded ceramic parts of intricate geometries, such as sockets, bearings, mobile phone buttons, dental implants, and specific laptop keypads, could be manufactured with high precision and negligible wastage. Ceramic injection molding helps obtain intricate designs using a cost-effective process. When a ceramic material is chosen for a specific application, the component's geometry has often been limited by the cost of shaping operations. Ceramic injection molding helps acquire custom-made moldings of exceptional durability that meet all the required industry criteria. Also, ceramic injection molding components offer all the benefits of technical ceramics, including corrosion resistance, wear resistance, superior hardness, thermal stability, high mechanical strength, and dimensional stability. Thus, the advantages offered by ceramic injection molding are augmenting the growth of the market.
Based on industry vertical, the North America ceramic injection molding market is segmented into industrial machinery, automotive, healthcare, electrical and electronics, consumer goods, and others. The healthcare segment dominated the North America ceramic injection molding market. The segment is anticipated to grow at the fastest rate during the forecast period of 2020 to 2027. Ceramic injection molding is a flexible and cost-effective process that provides solutions to the design makers requiring complex and repeatable ceramics components. Ceramic injection molding materials are a modern development in healthcare applications and processes. These are used in dental implants, prosthetic replacements, tweezers, endoscopic tools, and devices. The manufacturers fabricate numerous ceramic injection molding appliances from the oxides of zirconia and alumina. Several micro-ceramic injection molding parts can be formed using various ceramic materials, such as zirconium dioxide, aluminum oxide, and silicon nitride. The biomedical industry has excellent opportunities for such micro parts. The ceramic injection molding alumina is applied in orthodontic brackets, dental implants, and prosthetic replacements. Various companies also manufacture several injection molding zirconia ceramic tweezers pincers. Endoscopic ceramic insulators produced by ceramic injection molding are increasingly adopted in the endoscopic surgeries conducted in hospitals.
However, the COVID-19 outbreak has affected economies and industries in various countries due to travel bans, lockdowns, and business shutdowns. In the North America region, the US has the highest number of confirmed coronavirus cases, followed by Canada and Mexico. This is expected to impact the chemical & materials industry in the region. Due to the COVID-19 outbreak, the supply chain is expected to get affected and may negatively impact the North America ceramic injection molding market.
The overall North America ceramic injection molding market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the North America ceramic injection molding market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants, such as valuation experts, research analysts, and key opinion leaders specializing in the North America ceramic injection molding market. Key market players include ARBURG GmbH + Co KG; Ceramco, Inc.; CoorsTek Inc.; INDO-MIM; Micro; Morgan Advanced Materials; and OECHSLER AG.