Report : Europe Ceramic Injection Molding Market Forecast to 2027 - 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)
According to a new market research study on “Europe Ceramic Injection Molding Market Forecast to 2027 – COVID-19 Impact and Analysis – By Type (Alumina, Zirconia, and Others) and Industry Vertical (Industrial Machinery, Automotive, Healthcare, Electrical and Electronics, Consumer Goods, and Others),” is expected to reach US$ 115.30 million by 2027 from US$ 63.23 million in 2019 and is expected to grow at a CAGR of 7.9% from 2020 to 2027. The report provides trends prevailing in the Europe Ceramic Injection Molding Market and the drivers and restraints pertaining to the market growth. Various advantages offered by ceramic injection molding is the primary factor driving the Europe Ceramic Injection Molding Market. Also, the demand for multiple types of ceramics, such as alumina, zirconia, zirconia, and others, has increased from the end-use industries within the European region, particularly in Germany, France, and the UK. Steady growth in the automotive, electrical & electronics, aerospace & defense, medical, and others industry has had a considerable influence on Europe Ceramic Injection Molding Market. End-use sectors in this region are adopting these CIM processes due to their properties, including abrasion resistance, corrosion, lubricity, reflectivity, electrical conductivity, or appearance. However, a longer production time of ceramic parts may hinder ceramic injection moldings' growth in Europe. Besides, COVID-19 has affected economies and industries in various countries due to travel bans, lockdowns, and business shutdowns. In the Europe region, Russia has the highest number of confirmed coronavirus cases than France, Italy, the UK, and Germany. This is expected to impact the chemical and materials industry in the region. Due to the COVID-19 outbreak, the supply chain is expected to get affected and negatively impact the Europe Ceramic Injection Molding Market.
The Europe Ceramic Injection Molding Market is segmented into type and industry vertical. Based on type, the ceramic injection molding market is categorized into alumina, zirconia, and others. In 2019, the alumina segment dominated the market. 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 dominated the Europe Ceramic Injection Molding Market, and it is also anticipated to grow at the fastest growth rate during the forecast period of 2020-2027.
ARBURG GmbH + Co KG, CoorsTek Inc., INDO-MIM, Morgan Advanced Materials, and OECHSLER AG are among the leading companies in the Europe Ceramic Injection Molding Market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For Instance, in July 2018, CoorsTek Inc. opened a new research and development (R&D) center in Uden, The Netherlands. This new European R&D center is closely connected with CoorsTek R&D teams in the United States and Japan. It is dedicated to developing technical ceramics capabilities to support the company’s customers around the world.
The Report Segments The Europe Ceramic Injection Molding Market As Follows:
Europe Ceramic Injection Molding Market, by Type
Europe Ceramic Injection Molding Market, by Industry Vertical
- Industrial Machinery
- Electrical and Electronics
- Consumer Goods
Europe Ceramic Injection Molding Market, by Country
- Rest of Europe
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