According to the report, the
global metal and
ceramic
injection molding market
was valued at USD 1.67 billion
in 2013 and is likely to reach
USD 3.57 billion in 2020,
expanding at a CAGR of 11.5%
between 2014 and 2020.
Factors such as rising demand
for powder injection molding
components in the medical and
healthcare industry are expected
to boost demand for PIM
components during the forecast
period. Furthermore, increase in
consumption of firearms in the
defense industry, particularly
in the U.S., is anticipated to
propel the metal injection
molding industry. Demand for
powder injection molding is
rising, due to increasing demand
for miniaturization of complex
components and high performance
materials in various industries.
The metal injection molding
industry accounted for the
largest share (more than 70%) of
the global powder injection
molding market in 2013. However,
growth rate of the market is
likely to be sluggish in the
near future, due to
manufacturing limitations
pertaining to the weight and
size of the end-product through
PIM. Recent developments in the
production of insulated powders
for soft and hard magnetic
applications are anticipated to
change the fundamental design of
motors. In accordance to this,
new applications in the powder
injection molding industry are
projected to offer new
opportunities for market
growth.
Demand for metal and ceramic
injection molded components was
the largest from the automotives
sector in 2013 and accounted for
over 20% of the global market
share in 2013, due to
substantial investments by
manufacturers due to high demand
and changing lifestyles through
rising disposable income of
consumers. Growth in investment
in the medical and healthcare
industry across the globe is
also expected to support the
market growth for powder
injection molding over the next
few years. Electronics and
defense are some of the other
promising industry sectors where
future growth is likely to boost
the demand for the metal and
ceramic injection molding
market.
In terms of revenue, Asia
Pacific accounted for the
largest market share in the
global powder injection
molding market in 2013. Asia
Pacific emerged as one of
the leading producers and
consumers of powder
injection molded products,
due to a rapid increase in
industrial activities and
current economic conditions
in mature markets such as
Western Europe. At the end
of 2013, Asia Pacific
accounted for over 45% of
the metal and ceramic
injection molding market.
Furthermore, the region is
expected to witness the
fastest growth rate during
the forecast period.
Browse the full Metal and
Ceramic Injection Molding
Market for Automotives,
Aerospace, Medical and
Healthcare, Industrial
Machinery, Consumer Products
and Other
Applications -
Global Industry Analysis,
Size, Share, Growth, Trends
and Forecast, 2014 - 2020
report at Transparency
Market Research.
Metal and Ceramic Injection
Molding Market - Application
Analysis
-
Automotives
-
Aerospace
-
Medical and healthcare
-
Industrial machinery
-
Consumer products
-
Others (Including defense,
electronics, etc.)
Metal and Ceramic Injection
Molding Market - Regional
Analysis
-
North America
-
Europe
-
Asia Pacific
-
Rest of the World (RoW)
