Report : Europe 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 8.0% CAGR, the Europe Ceramic Injection Molding Market is speculated to be worth US$ 97.98 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Europe ceramic injection molding market was valued at US$ 61.87 million in 2022 and is expected to reach US$ 97.98 million by 2028, registering a CAGR of 8.0% from 2022 to 2028. Various advantages offered by ceramic injection molding and high utilization of ceramic injection molding technology across various end-use industries are the critical factors attributed to the Europe ceramic injection molding market expansion.
Ceramic injection molding is extensively used in industries such as automotive, electronics, consumer goods, and many others. Ceramic injection molding technology can produce highly accurate, complex ceramic components and parts for electronics, mobile phones, and consumer goods. For the past few years, the production of portable computing devices, cellular phones, gaming systems, and other personal electronic devices has increased exponentially. Hence, the rise in the adoption of these products drives the expansion of the ceramic injection molding industry. Rapid industrialization and urbanization resulted in increased disposable income, particularly in the developing countries. This has further led to the rise in the adoption of mobile phones, electronic items, vehicles, and others. The tremendous growth of the automobile industry combined with high demand for ceramic injection molding technology to produce automotive components and parts is stimulating a positive impact on industry growth. The demand for molded miniature products is escalating in the automotive sector, attributed to their high strength and complexity in their structures. Complex and vital components in electronic systems, engines, and locking mechanisms are usually manufactured by injection molding processes, which is a considerable driver to expanding the ceramic injection molding market. Advanced ceramics function efficiently under extreme conditions such as high temperatures, corrosive atmospheres, and abrasive conditions. Also, advanced ceramics integrate with excellent mechanical characteristics with a low specific weight owing to which they are considered lightweight materials and thus find applications in moving aeronautics, automotive components, and engine components. Thus, the rising demand for ceramic injection molded parts across various industries is significantly driving the Europe ceramic injection molding market growth.
On the contrary, time consuming production process of ceramic parts hurdles the growth of Europe ceramic injection molding market.
Based on type, the Europe ceramic injection molding market is segmented into alumina, zirconia, and others. The alumina segment held 58.3% market share in 2022, amassing US$ 36.06 million. It is projected to garner US$ 57.25 million by 2028 to expand at 8.0% CAGR during 2022–2028.
Based on industry vertical, the Europe ceramic injection molding market is segmented into industrial machinery, automotive, healthcare, electrical and electronics, consumer goods, and others. The healthcare segment held 27.3% market share in 2022, amassing US$ 16.89 million. It is projected to garner US$ 27.95 million by 2028 to expand at 8.8% CAGR during 2022–2028.
Based on country, the Europe ceramic injection molding market has been categorized into the UK, Germany, France, Italy, Russia, and the Rest of Europe. Our regional analysis states that the Rest of Europe captured 22.6% market share in 2022. It was assessed at US$ 13.96 million in 2022 and is likely to hit US$ 21.83 million by 2028, exhibiting a CAGR of 7.7% during the forecast period.
Key players dominating the Europe ceramic injection molding market are AMT PTE. LTD., ARBURG GmbH + Co KG, CoorsTek Inc., INDO-MIM, KLAGER, Morgan Advanced Materials, 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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