Metal and Ceramic Injection Molding Market Growing Rapidly as Consumers in the Developed Countries Are Increasingly Adopting Minimally Invasive Cosmetic Surgeries

 

Injection molding technology has emerged as a promising technological advancement in the auto industry. Rapid advancements in the guns industry is further boosting the market demand for metal and ceramic injection molding especially those parts that are extremely complex and heavy. Metal injection molding is now widely adopted by the guns industry for creating various kinds of automatic heavy-duty shaped parts. This technology can also be used for making parts that are extremely hard-wearing and are designed to meet the demands of extreme weather conditions. High-velocity metal and ceramic injection molding processes are the most popular ways to manufacture heavy-duty parts. These types of process are essential for the manufacturing of complex-shaped metal items

Increasing demand for minimally invasive cosmetic surgery in developed regions is expected to drive the growth of the global Metal and Ceramic Injection Molding market during the forecast period. Rapid demand for advanced technology in the medical industry has led to increased demand for metal and ceramic injection molding. This technology is typically used to develop various medical equipment including tubes, catheter tips, sensors, micro-optics, and implants. Minimally invasive cosmetic surgeries require miniature components for the production of medical macro parts. The healthcare and medical industry is rapidly growing in both developed and emerging economies. According to the India Brand Equity Foundation (IBEF), the Indian healthcare industry reached US$ 19.83 billion in 2020 and is expected to reach US$ 372 billion in 2022. Thus, these factors are expected to drive growth of the global metal and ceramic injection molding market during the forecast period. Moreover, the rapid growth of the firearm industry is expected to boost the global metal and ceramic injection molding market growth over the forecast period.

However, limitations on the manufacturing of 3-D products and challenges associated with the weight and size of molded parts are expected to hamper the global metal and ceramic injection molding market growth over the forecast period. Among regions, North America is expected to witness significant growth in the global metal and ceramic injection molding market during the forecast. This is owing to high demand from the healthcare sector in the region. Furthermore, Europe is expected to register a robust growth rate over the forecast period, owing to increasing demand from Italy and Germany-based automobile manufacturers.

Key companies involved in the global metal and ceramic injection molding market are Advanced Materials Technologies Pte Ltd., Nippon Piston Ring Co Ltd, ARC Group Worldwide Inc., PSM Industries, CMG Technologies Ltd, Plansee Holding AG, Epson Atmix Corporation, Kinetics Climax Inc., and Indo-US MIM Tec Pvt. Ltd.

For instance, in November 2020, Graham Partners Inc., an investment firm, acquired Teamadvantage, a manufacturer of cleanroom injection molding.