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| Report Code: A03575 | Pages: 197 | ||
| Tables: 82 | Charts: 46 |
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The global ceramic injection molding market size was $375.0 million in 2018 and is projected to reach $746.2 million in 2026, growing at a CAGR of 8.8%. Ceramic injection molding (CIM) is a category of powder injection molding (PIM) process. This process is used for mass production of injection molded ceramic parts. With the help of this technology, injection-molded ceramic parts of complex geometries such as bearings, sockets, dental implants, mobile phone buttons, specific laptop keypads, and others could be manufactured with high precision and negligible wastage.
Increase in demand for injection molded ceramic products globally is expected to drive the adoption of ceramic injection molding machines, and thereby the ceramic injection molding market. This technology is capable to yield highly accurate, complex ceramic components and parts for mobile phones, electronics, and consumer goods industries. Therefore, the rise in adoption of these products is anticipated to boost the expansion of the ceramic injection molding industry. Furthermore, versatile properties such as enhanced heat, wear, and corrosion resistance of finished injection molded ceramic products promote their application across many end-use industries, thereby boosting the ceramic injection molding market growth.
Injection molding of ceramics is an innovative technology that offers economical solutions to produce repeatable, complicated ceramic parts, and components. In addition, the CIM process is one of the most flexible processes to produce products that were considered difficult and expensive to produce using other conventional manufacturing techniques. Hence, it is now being widely utilized in industries such as automotive, medical, electronics, and others. Further, increase in demand for injection-molded ceramic components in the medical industry to manufacture various components, which include endoscopic tools, prosthetic replacements, dental implants, and others is one of the important factors that drives the overall growth of the ceramic injection molding market.
Technical ceramics as material function efficiently under extreme conditions such as corrosive atmospheres, high temperatures, and abrasive conditions. In addition, advanced ceramics merge with excellent mechanical characteristics with a low specific weight. Due to this property of advanced ceramics, they are recognized as lightweight construction materials, and hence finds its applications in moving automotive and aeronautics components as well as in engine components. Further, major players adopt key developmental strategies, including business expansion, acquisitions, and others to strengthen their foothold in the global ceramic injection molding market. To cite an instance, in July 2018, CoorsTek based in the U.S. opened a new technical ceramic R&D center in Uden, the Netherlands. This new R&D center in Europe is committed to building technical ceramics to better serve European customers.
However, there are some restrictions with regards to the ceramic material, which is used in a ceramic injection molding process. A ceramic part made through any of the technology takes time for its production. The manufacturing of ceramic components through the CIM process, requires even more time owing to lengthy de-binding and sintering stages. Hence, the longer production time required by this method hampers the growth of the market. On the contrary, the rise in applications and elevated competition inspire companies to focus on technological advancements to meet consumer demand, thereby creating remunerative opportunities for the global ceramic injection molding market.
The global ceramic injection molding market is segmented on the basis of material, industry vertical, and region. Based on material, the market is divided into alumina, zirconia, and others. The alumina segment is anticipated to dominate the global ceramic injection molding market throughout the study period. Based on industry vertical, the market is divided into industrial machinery, automotive, healthcare, electrical & electronics, consumer goods, and others. The automotive segment is anticipated to dominate the global ceramic injection molding market throughout the study period.
Based on region, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific is expected to dominate the ceramic injection molding market throughout the forecast period.
The key players profiled in this report include ARBURG GmbH + Co KG, Kläger Spritzguss GmbH & Co. KG, CoorsTek, Inc., Ortech Advanced Ceramics, Indo-MIM, MICRO, Morgan Advanced Materials plc, Nishimura Advanced Ceramics, OECHSLER AG, and Paul Rauschert GmbH & Co. KG.
By material, the ceramic injection molding market is segmented into alumina, zirconia, and others. Among these, the alumina segment holds a dominant position, and is expected to grow at a significant growth rate during the forecast period. This is attributed to high strength and high-performance characteristics of this material, and its use in several end-use industries such as electronics, automotive, and others.
The global market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Among these, Asia-Pacific holds a significant global ceramic injection molding market share, and is projected to grow at a substantial CAGR, owing to many small and mid-level players operating in countries such as Japan, China, South Korea, and India.
Ceramic Injection Molding Market Report Highlights
| Aspects | Details |
|---|---|
| By MATERIAL |
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| By INDUSTRY VERTICAL |
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| By Region |
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| Key Market Players | ARBURG GMBH + CO KG, MORGAN ADVANCED MATERIALS PLC, MICRO, NISHIMURA ADVANCED CERAMICS, ORTECH ADVANCED CERAMICS, KLÄGER SPRITZGUSS GMBH & CO. KG, PAUL RAUSCHERT GMBH & CO. KG, INDO-MIM PVT. LTD., OECHSLER AG, COORSTEK, INC. |
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Ceramic injection molding is a sub-category of powder injection molding technology. This technology is used to produce intricate geometries, including bearings, dental implants, sockets, and others. The demand for ceramic injection molding has increased due to the rise in demand for injection molded ceramic products across various end-use industries such as automotive, medical, aviation, and others. Leading companies, such as Morgan Advanced Materials and Kläger Spritzguss GmbH & Co. KG, have witnessed significant growth and expansion of their overall consumer base in the past few years, as they offer numerous types of technical ceramic materials with attractive features and advanced ceramic injection molding technology across the globe. Moreover, innovative marketing and positioning strategies have influenced the expansion of the global ceramic injection molding market size.
Asia-Pacific is expected to be the chief revenue contributor; however, LAMEA is anticipated to provide remunerative growth opportunities to the key players in this market. In addition, the key market players focus on the development and launch of high-quality injection-molded ceramics products and CIM capabilities to cater to the consumer needs and preferences and thereby promote their businesses in the global ceramic injection molding market. For instance, in January 2017, Morgan Advanced Materials PLC developed two innovative materials that deliver greater casting yields and higher performance when utilized in injection-molded ceramic cores for the aerospace industry, thereby boosting the market growth. However, the high threat of substitutes hampers the growth of the market. On the other hand, technological advancements such as co-injection technology is estimated to offer lucrative opportunities for the ceramic injection molding market.
A. The global ceramic injection molding (CIM) market size was $375.0 million in 2018 and is projected to reach $746.2 million in 2026, growing at a CAGR of 8.8%.
A. The forecast period considered for the CIM market is 2019 to 2026, wherein, 2018 is the base year, 2019 is the estimated year, and 2026 is the forecast year.
A. The base year considered in the ceramic injection molding market is 2018.
A. The top companies holding the market share in the CIM market report include ARBURG GmbH + Co KG, Kläger Spritzguss GmbH & Co. KG, CoorsTek, Inc., Ortech Advanced Ceramics, Indo-MIM, MICRO, Morgan Advanced Materials plc, Nishimura Advanced Ceramics, OECHSLER AG, and Paul Rauschert GmbH & Co. KG.
A. On the basis of region, LAMEA is expected to be the most influencing segment growing in the Ceramic Injection Molding (CIM) market report.
A. By industry vertical, in 2018, the automotive segment generated the highest revenue, accounting for almost one-fifth of the market, and is projected to grow at a CAGR of 8.0% from 2018 to 2026.
A. The CIM market report doesn't provide Value Chain Analysis currently. However, based on your requirements, we can provide you with the Value Chain Analysis as an additional customization.
A. The report contains an exclusive company profile section, where leading 10 companies in the market are profiled. These profiles typically covers company overview, geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.
A. The market value of ceramic injection molding market is $414.6 million in 2019.
A. The market growth rate of emerging countries such as India, Africa, Middle East, Rest of Asia-Pacific, and South Korea are 11.7%, 12.7%, 11.5%, 11.0%, and 9.8% respectively.
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