Report : Asia Pacific Ceramic Injection Molding Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Alumina, Zirconia, and Others) and Industry Vertical (Industrial Machinery, Automotive, Healthcare, Electrical and Electronics, Consumer Goods, and Others)
At 8.6% CAGR, the Asia Pacific Ceramic Injection Molding Market is speculated to be worth US$ 283.48 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Asia Pacific ceramic injection molding market was valued at US$ 173.22 million in 2022 and is expected to reach US$ 283.48 million by 2028, registering a CAGR of 8.6% from 2022 to 2028. Increasing awareness regarding design flexibility and low-cost offered by ceramic injection molding and tremendous expansion of healthcare industry are the critical factors attributed to the Asia Pacific ceramic injection molding market expansion.
Rising awareness regarding the design flexibility and low-cost delivered by ceramic injection molding are estimated to provide potential market opportunities in the coming years. Various key players such as Indo-MIM and Coorstek, Inc. are providing awareness regarding the cost-efficiency of the technology. Besides, the cost efficiency and complex designing capabilities of ceramic injection molding technology offer a higher economy of scale by eliminating the production steps such as machining and finishing. Ceramic injection molding is an innovative technology that provides economical solutions to produce complicated, repeatable ceramic parts and components. Also, the ceramic injection molding process is a highly flexible process to manufacture products that are considered difficult and expensive to produce using other conventional manufacturing techniques. Ceramic injection molding technology is most advantageous when traditional machining methods are highly expensive or incapable of performing. The technology is ideal for parts with an intricate shape and where high volumes and consistent quality are critical. Using sub-micron ceramic powder, ceramic injection molded products have a high surface finish and ultrafine grain structures – close to theoretical densities. Also, injection molding eradicates the necessity for secondary operations normally required to produce complex geometrical shapes. Thus, the increasing awareness related to the reduced cost of ceramic injection molding is considered to create lucrative opportunities for the Asia Pacific ceramic injection molding market in the coming years.
On the contrary, time consuming production process of ceramic parts hurdles the growth of Asia Pacific ceramic injection molding market.
Based on type, the Asia Pacific ceramic injection molding market is segmented into alumina, zirconia, and others. The alumina segment held 53.2% market share in 2022, amassing US$ 92.07 million. It is projected to garner US$ 150.55 million by 2028 to expand at 8.5% CAGR during 2022–2028.
Based on industry vertical, the Asia Pacific ceramic injection molding market is segmented into industrial machinery, automotive, healthcare, electrical and electronics, consumer goods, and others. The healthcare segment held 23.8% market share in 2022, amassing US$ 41.16 million. It is projected to garner US$ 70.26 million by 2028 to expand at 9.3% CAGR during 2022–2028.
Based on country, the Asia Pacific ceramic injection molding market has been categorized into China, India, Japan, South Korea, Australia, and the Rest of Asia Pacific. Our regional analysis states that China captured 42.3% market share in 2022. It was assessed at US$ 73.30 million in 2022 and is likely to hit US$ 124.42 million by 2028, exhibiting a CAGR of 9.2% during the forecast period.
Key players dominating the Asia Pacific ceramic injection molding market are AMT PTE. LTD.; ARBURG GmbH + Co KG; CoorsTek Inc.; INDO-MIM; MICRO; Morgan Advanced Materials; Nishimura Advanced Ceramics Co., Ltd.; and Oechsler AG among others.
- In 2019, Indo-MIM and Desktop Metal Announce Strategic Partnership to Accelerate the adoption of metal 3D printing.
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