Global Metal and ceramic injection molding market is expected to experience brisk over the forecast period growth due to increased demand for minimal invasive cosmetic surgery in the developed regions. Huge investment by manufactures in this industry is presumed to fuel the Metal and ceramic injection molding market growth over the next eight year period.
Metal injection molding
(MIM) and ceramic injection molding (CIM) technology are complex processes in
which materials such as metals & ceramic are put into machined techniques.
The procedure is managed with high accuracy and precision to provide the
required products for a particular industry. Metal and ceramic injection
molding technologies functions as two segments in powder injection molding
(PIM). PIM comprising MIM and CIM is innovative manufacturing technologies to
produce complex and high volume net-shaped components. The components are made
with the metal and ceramic powder usage. The materials which are used to
manufacture several end components include titanium alloys, stainless steel,
soft magnetic alloys, and low-alloy steels. The end components manufactured
include medical equipment, electronic gadgets, firearms, and automotive
components for a varied range of end-user industries. These technologies
provide the design flexibility for unlimited material choice offered by the
powder metallurgy (powdered ceramic and metal).
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Rapid industrialisation
across the world is estimated to fuel the market growth over the forecast
period. Huge growth in automobile industry coupled with heavy production the
demand for this technology is presumed to have positive impact on the industry
growth in the near future. Growth and development in medical & healthcare
sector is expected to further boost the industry growth over the next eight
year period. Rise in disposable income and automobile industry expansion is
developing regions is estimated to enhance the market growth. Several
advantageous characteristics involved with the usage of these technologies is
presumed to contribute for the Metal and ceramic injection molding market
expansion. It advances lenience capacity involved with investment casting
moreover it increases mechanical strength, and improves the products shape
limitation.
The low cost along with
complex designing capabilities, MIM and CIS technology deliver higher economy
of scale and reduce the time taken to manufacture a product by eliminating
production steps such as finishing and machining. The manufacturing process
involves mainly four steps in metal and ceramic injection molding feedstock
preparation, debinding injection modelling and sintering. Increasing demand for
consumer product such as eyeglasses and watches is expected to further enhance
the growth in the near future for metal and ceramic injection molding market.
Growing firearms industry is presumed to further propel the metal and ceramic
injection molding technologies demand. Heavy demand for minimal invasive
cosmetic surgery in the developed regions is expected to boost the industry
growth.
Limitation on finished
fragments size and weight is presumed to hinder the market demand in the near
future. Several new applications for powder injection molding is presumed to
open new opportunity for the industry vendors over the next eight year period.
High substitution threat from other molding technique due to user friendly easy
availability characteristics is expected to challenge the industry demand.
Moreover, substitute techniques properties such as easy tooling, cost effective
operation and, moderate working requirements has challenged the industry growth
in recent years.
The metal and ceramic
injection molding market can be classified based on end users as automotive,
medical & healthcare, consumer’s product, aerospace, industrial machinery,
electronics and defense among several others.
Key regional markets include North America, Central & South America,
Europe, Middle East & Africa, and Asia Pacific. Developed regions such as
North America are estimated to witness positive growth over the next eight year
period owing to huge demand form healthcare sector. Europe is expected to
witness rapid growth due to increase in demand from Germany and Italy based
automotive manufacturers. Developing regions such as Asia Pacific and Central
& South America are expected to experience rapid growth in industry over
the next eight years period owing to rising awareness, rise in disposable
income and high demand for metal and ceramic devices. Emerging economies such as
India and China is presumed to have huge growth in the near future due to rapid
industrialization. Innovation and development towards quality product is
anticipated to further enhance the growth in this region in near future.
Vendors are investing on
research and development to generate advanced product which give them
competitive advantage over other vendors. The companies are expected to take
strong measures to gain market share and to deliver better quality product
demand. Prominent industry participants include AB Components, Hong Ya
Industrial, Abbot Furnace Company, Cypress Industries, G-Mag International,
Datumag Inc., Affinity International LLC., and Britt Manufacturing Co.
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