Automotive industry

Automotive industry expansion to help metal and ceramic injection molding market gain US$7 billion valuation by 2031, TMR report

ALBANY, NY, January 19, 2022 /PRNewswire/ — The global metal and ceramic injection molding market is expected to grow at a CAGR of 8.4% during the forecast period of 2021 to 2031, according to a study by Transparency Market Research (TMR).

The metal and ceramic injection molding market is expected to gain lucrative opportunities in Asia Pacificas automakers in several emerging economies in the region increase their investment in research focused on metal injection molding, or MIM, technology.

The increasing use of MIM technology in the automotive and aerospace industries for the development of complex, high-performance, and intact metal parts is resulting in prominent opportunities in the global metal injection molding market. and ceramics.

The COVID-19 pandemic has had a negative impact on the growth of the global metal and ceramic injection molding market. The players operating in this market are using different programs offered by the BSFI sector and the financial support provided by the government authorities in order to stay supported in the crucial situations due to the pandemic.

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Metal and Ceramic Injection Molding Market: Key Findings

  • MIM technology is gaining momentum in the automotive industry, due to its ability to provide several benefits such as dimensional accuracy, material performance capabilities, and design flexibility. Hence, the growing adoption of this technology in the automotive industry is creating profitable prospects in the global metal and ceramic injection molding market.
  • The demand for high complexity and high strength metal injection molded components has increased in recent years, due to their use in gearboxes, engines, locking mechanisms, turbochargers, electronic systems and control systems. direction of vehicles. This factor propels the global metal and ceramic injection molding market.
  • In the medical sector, the metal and ceramic injection molding technique is used by medical device manufacturing companies for the production of a large number of precision components. It is also used to develop high-performance, sophisticated geometric components and surgical instrument parts. Hence, the increase in the adoption of high-end equipment in the healthcare sector is generating a lot of opportunities in the global metal and ceramic injection molding market.
  • Rising prevalence of different health disorders including cardiovascular diseases and increase in R&D activities in the healthcare sector is expected to drive the sales growth of the global metal and ceramic injection molding market during the forecast period

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Metal and Ceramic Injection Molding Market: Growth Boosters

  • The increase in the number of automobile sales worldwide, due to the improved purchasing power of people in both developed and developing countries, translates into significant revenue gains for companies operating in the market.
  • The global metal and ceramic injection molding market is driven by increasing industrialization globally and the use of technologically advanced equipment in the healthcare sector.

Metal and Ceramic Injection Molding Market: Competition Landscape

  • Companies in the global metal and ceramic injection molding market are using strategies such as mergers, acquisitions, collaborations, and joint ventures to expand their businesses
  • Several players in the metal and ceramic injection molding market are increasing cash flow towards R&D projects to advance the quality of existing products and launch new products

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Metal and Ceramic Injection Molding Market: Key Players

The report profiles the following key market players:

  • CMG Technologies
  • ARC Worldwide Group Inc.
  • INDO-MIM
  • Epson Atmix Corporation
  • AMT Pte Ltd
  • PSM Industries
  • Plansee SE
  • NIPPON PISTON RING CO., LTD.
  • Smith Metal Products
  • OptiMIM
  • PTI
  • Greene Group

Segmentation of the metal and ceramic injection molding market

Application

  • Automotive
  • Aerospace
  • Medical & Health care
  • Industrial machinery
  • consumer products
  • Others (including Defense and Electronics)

Regions

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

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SOURCE Transparency Market Research