The Metal And Ceramic Injection Molding Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Metal And Ceramic Injection Molding Global Market Report 2024, The metal and ceramic injection molding market size has grown rapidly in recent years. It will grow from $3.74 billion in 2023 to $4.12 billion in 2024 at a compound annual growth rate (CAGR) of 10.0%. The growth in the historic period can be attributed to automotive component manufacturing, healthcare industry requirements, advancements in binder systems, rising demand for consumer goods, cost efficiency, material diversity
The metal and ceramic injection molding market size is expected to see strong growth in the next few years. It will grow to $5.97 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to increasing adoption of ceramic components, advancements in powder metallurgy, medical implant manufacturing, global growth in aerospace industry, expansion in defense applications, market entry of new players.. Major trends in the forecast period include integration of industry 4.0 technologies, advancements in material development, focus on sustainability, global market expansion, focus on quality and consistency.
Increased demand for minimally invasive cosmetic surgery is expected to propel the growth of the metal and ceramic injection molding market going forward. Minimally invasive surgery is a surgery done via viewing scopes and specially designed surgical instruments that allow surgeons to perform major surgery through several tiny openings without the need for a large incision. The manufacturing of these surgical instruments uses metal and ceramic injection molding technology. For instance, in April 2022, according to a report published by The Aesthetic Society, a US-based society, aesthetic plastic surgery surged in 2021, with surgical procedures increasing by 54% and non-surgical procedures increasing by 44% compared to 2020. Therefore, the increasing preference for minimally invasive procedures will boost demand for metal and ceramic injection molding over the coming years.
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The metal and ceramic injection molding market covered in this report is segmented –
1) By Material: Iron and Steel, Stainless Steel, Copper, Aluminium, Alumina, Zirconia, Other Materials
2) By Distribution Channel: Online Stores, Offline Stores
3) By Applications: Medical and Healthcare, Industrial Machinery, Consumer Products, Automotive, Aerospace, Other Applications
Technological advancement has emerged as the key trend gaining popularity in the metal and ceramic injection molding market. Major companies operating in the market are focused on developing new technological solutions to strengthen their position in the market. For instance, in April 2022, Hoganas AB, a Sweden-based producer of powdered metal, announced the development of a new product area with advanced technology within the metal injection molding industry. The company announced the addition of a range of titanium powders for additive manufacturing. The use of titanium is ideal, as it has the highest strength-to-weight ratio of all known metals and can be used for various applications, from car components to lightweight aerospace parts. It is highly resistant to corrosion and has high biocompatibility properties, making it well suited for manufacturing customized medical implants.
The metal and ceramic injection molding market report table of contents includes:
1. Executive Summary
2. Medical Lighting Technologies Market Characteristics
3. Medical Lighting Technologies Market Trends And Strategies
4. Medical Lighting Technologies Market – Macro Economic Scenario
5. Global Medical Lighting Technologies Market Size and Growth
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26. South America Medical Lighting Technologies Market
27. Brazil Medical Lighting Technologies Market
28. Middle East Medical Lighting Technologies Market
29. Africa Medical Lighting Technologies Market
30. Medical Lighting Technologies Market Competitive Landscape And Company Profiles
Top Major Players:
- A-Dec Inc
- Brandon Medical Company Limited
- Burton Medical LLC
- Daray Limited
- Draegerwerk AG & Co KGaA
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