Metal and Ceramic Injection Molding Global Market Report 2024

The global metal and ceramic injection molding market 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 observed in the historic period can be attributed to several factors, including the demand from automotive component manufacturing, the specific needs within the healthcare industry, advancements in binder systems, increasing consumer demand for goods, the pursuit of cost efficiency, and the expansion of material diversity within manufacturing processes.

The global metal and ceramic injection molding market 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 anticipated growth in the forecast period can be linked to several factors, notably the rising adoption of ceramic components, advancements in powder metallurgy, increased manufacturing of medical implants, global expansion within the aerospace industry, and the broadening utilization of defense applications. Furthermore, the entry of new players into the market is expected to contribute to this growth. Key trends expected during this period encompass the integration of Industry 4.0 technologies, advancements in material development, a heightened focus on sustainability practices, global market expansion initiatives, and an increased emphasis on ensuring quality and consistency within the industry.

The metal and ceramic injection molding market anticipates significant growth due to rising demand for minimally invasive cosmetic surgery. This demand surge stems from the effectiveness of these technologies in crafting surgical instruments for procedures that prioritize smaller incisions and scopes. Notably, recent statistics from The Aesthetic Society highlight a substantial increase in both surgical and non-surgical cosmetic procedures in 2021 compared to the previous year, signaling a growing preference for minimally invasive techniques.

An upsurge in the automotive industry is poised to fuel the expansion of the metal and ceramic injection molding market. This molding technique plays a pivotal role in producing intricate, lightweight automotive components that contribute to improved vehicle performance and fuel efficiency. Recent data from Statistics Canada underlines a notable rise in vehicle registrations in Canada in 2021 compared to the previous year, accentuating the automotive industry's growth, thus driving the demand for metal and ceramic injection molding.

The prevailing trend in the metal and ceramic injection molding market revolves around technological advancements. Key market players are intensively focused on innovating new technological solutions to fortify their market presence. Notably, in April 2022, Hoganas AB unveiled advancements in metal injection molding by introducing a range of titanium powders for additive manufacturing. Titanium's exceptional properties, including high strength-to-weight ratio and corrosion resistance, make it ideal for diverse applications, from automotive components to aerospace parts and customized medical implants.

Major companies within the metal and ceramic injection molding arena are strategically emphasizing the introduction of 3D-printed tooling solutions to gain a competitive edge. This strategy involves leveraging additive manufacturing techniques to create tailored tools, molds, or fixtures. For example, in February 2023, Arburg GmbH + Co KG unveiled the Two-hybrid ALLROUNDER 470 H machines, combining electric clamping with hydraulic injection. This innovation not only reduces the machine's price and operational costs but also significantly minimizes its carbon footprint. These machines are touted to consume up to 50% less energy compared to similar hydraulic models and have the potential to save substantial amounts of CO2 emissions annually based on their application.

In January 2022, Nichols Portland, a US-based manufacturer specializing in fluid transfer devices like pumps and powdered metal components, completed the acquisition of Alpha Precision Group for an undisclosed sum. This strategic acquisition aims to enhance and complement Nichols Portland's current value proposition, expanding its array of products and services. Alpha Precision Group, also based in the US, specializes in offering high-value, technically advanced powder metal, metal injection molding (MIM), and additive manufacturing solutions.

Major companies operating in the metal and ceramic injection molding market report are Form Technologies Inc., ARC Group Worldwide Inc., CMG Technologies Ltd., PSM Industries Inc., Nippon Piston Ring Co. Ltd., Polymer Technologies Inc., INDO-MIM Pvt. Ltd., Parmaco Metal Injection Molding AG, Parmatech Corporation, Phillips-Medisize Corporation, Dynacast International Inc., Advanced Materials Technologies Pte Ltd., NetShape Technologies Inc., Morgan Advanced Materials PLC, Arburg GmbH + Co KG, Ortech Inc., Chen Hsong Holdings Ltd., CoorsTek Inc., Epsom Atmix Corporation, FineMIM Co. Ltd., GKN Sinter Metals Engineering GmbH, Innovative MIM Solutions Inc., Jiangsu Gian MIM Technology Co. Ltd., Kinetics Climax Inc., MIM International Inc., MPP Inc., Metal Injection Molding Company Inc., Nissei Plastic Industrial Co.Ltd., Praxis Powder Technology Inc., Rauschert GmbH, Sembach Technical Ceramics GmbH, Shandong Jinzhu New Material Technology Co. Ltd., Sintex A/S, Smith Metal Products Inc., Stackpole International Inc., Taiwan Powder Technologies Co. Ltd., The Japan Steel Works Ltd., Thixomat Inc., Ticona Engineering Polymers Inc., Tosoh Corporation, Xcentric Mold & Engineering Inc., Zoltrix Material Co. Ltd., Zirconium Research Corporation, Zollern GmbH & Co. KG

Asia-Pacific was the largest region in the metal and ceramic injection molding market in 2023. The regions covered in the metal and ceramic injection molding market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the metal and ceramic injection molding market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The materials at the core of metal and ceramic injection molding encompass iron, steel, stainless steel, copper, aluminum, alumina, zirconia, and more. Specifically, 'iron and steel' denote the utilization of these metals in fabricating high-strength, intricate products through this molding technique, ensuring enduring durability. The avenues for distribution span online and offline stores, serving applications across medical, industrial, consumer goods, automotive, aerospace, and other sectors.

This report provides metal and ceramic injection molding market statistics, including metal and ceramic injection molding industry global market size, regional shares, competitors with a metal and ceramic injection molding market share, detailed metal and ceramic injection molding market segments, market trends and opportunities, and any further data you may need to thrive in the metal and ceramic injection molding industry. This metal and ceramic injection molding market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The metal and ceramic injection molding market consists of sales of materials such as soft magnetic material, tool steel, titanium, and tungsten. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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