Report : North America 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 8.4% CAGR, the North America Ceramic Injection Molding Market is speculated to be worth US$ 173.77 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the North America ceramic injection molding market was valued at US$ 107.33 million in 2022 and is expected to reach US$ 173.77 million by 2028, registering a CAGR of 8.4% 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 North America ceramic injection molding market expansion.
The ceramic injection molding process is a type of powder injection molding which involves mixing ceramic powders such as alumina and zirconia with binders to form a feedstock which is then molded in a die cavity to form the desired component. The process is similar to metal powder injection molding process. By utilizing this technology, injection-molded ceramic parts of intricate geometries such as sockets, bearings, mobile phone buttons, dental implants, specific laptop keypads, and others could be manufactured with high precision and negligible wastage. Ceramic injection molding helps to obtain intricate designs using a cost-effective process. When a ceramic material is chosen for a specific application, the component's geometry has often been limited by the cost of shaping operations. Ceramic injection molding helps to overcome this issue by forming net shape parts in the tool. This makes it commercially feasible for previously rejected designs that were too difficult or expensive to manufacture using other traditional production techniques. Due to ceramics' inherent hardness, manufacturing components with complex shapes by standard machining processes can be expensive. Ceramic injection molding technology helps businesses to attain financial benefits from high-volume manufacturing, especially if they require new components as an alternative to existing designs. In addition, ceramic injection molding also helps acquire custom-made moldings of exceptional durability that meet all the required industry criteria. Also, ceramic injection molding components offer all the benefits associated with technical ceramics, including corrosion resistance, wear resistance, superior hardness, thermal stability, high mechanical strength, and dimensional stability. Thus, the advantages offered by ceramic injection molding is augmenting the North America ceramic injection molding market growth.
On the contrary, time consuming production process of ceramic parts hurdles the growth of North America ceramic injection molding market.
Based on type, the North America ceramic injection molding market is segmented into alumina, zirconia, and others. The alumina segment held 56.2% North America ceramic injection molding market share in 2022, amassing US$ 60.27 million. It is projected to garner US$ 97.20 million by 2028 to expand at 8.3% CAGR during 2022–2028.
Based on industry vertical, the North America ceramic injection molding market is segmented into industrial machinery, automotive, healthcare, electrical and electronics, consumer goods, and others. The healthcare segment held 28.7% market share in 2022, amassing US$ 30.82 million. It is projected to garner US$ 51.72 million by 2028 to expand at 9.0% CAGR during 2022–2028.
Based on country, the North America ceramic injection molding market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 79.3% market share in 2022. It was assessed at US$ 85.14 million in 2022 and is likely to hit US$ 139.24 million by 2028, exhibiting a CAGR of 8.5% during the forecast period.
Key players dominating the North America ceramic injection molding market are AMT PTE. LTD.; ARBURG GmbH + Co KG; Ceramco, Inc.; 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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