At 7.4% CAGR, the South America Ceramic Injection Molding Market is projected to be worth US$ 16.53 million by 2028, says Business Market Insights

According to Business Market Insights’ research, the South America ceramic injection molding market was valued at US$ 10.79 million in 2022 and is expected to reach US$ 16.53 million by 2028, registering a CAGR of 7.4% 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 South America 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 market in the coming years. This is expected to drive the South America ceramic injection molding market during the forecast period.

On the contrary, time-consuming production process of ceramic parts hurdles the growth of South America ceramic injection molding market. 

Based on type, the South America ceramic injection molding market is categorized into alumina, zirconia, and others. The alumina segment held 57.6% market share in 2022, amassing US$ 6.21 million. It is projected to garner US$ 9.57 million by 2028 to expand at 7.5% CAGR during 2022–2028.

Based on industry vertical, the South America ceramic injection molding market is categorized into industrial machinery, automotive, healthcare, electrical and electronics, consumer goods, and others. The healthcare segment held 27.0% share of South America ceramic injection molding market in 2022, amassing US$ 2.91 million. It is projected to garner US$ 4.70 million by 2028 to expand at 8.3% CAGR during 2022–2028.

Based on country, the South America ceramic injection molding market has been categorized into Brazil, Argentina, and the Rest of South America.  Our regional analysis states that Brazil captured 56.9% share of South America ceramic injection molding market in 2022. It was assessed at US$ 6.13 million in 2022 and is likely to hit US$ 9.73 million by 2028, exhibiting a CAGR of 8.0% during 2022–2028.            

Key players operating in the South America ceramic injection molding market MICRO; INMATEC; WITTMANN Technology GmbH; and Morgan Advanced Materials among others.

• In Mar 2023, INMATEC strengthens sales in South America through cooperation with ADDITIVA.
• In April 2021, MICRO Expands Full-Service Medical Contract Manufacturing Operations with New Costa Rica Facility.

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