North America 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)
Number of Pages: 67
Market Introduction
Ceramic injection molding is a flexible, cost-effective process and innovative process that provides versatility to the product designers and production engineers while using ceramics. Ceramics act as a good substitute for plastic and metal components incapable of performing as per the requirement. When a ceramic material is chosen for a specific application, the component's geometry gets limited by the cost of shaping operations. The ceramic injection molding helps overcome this issue with the formation of the net shape parts in the tool. The ceramic injection molding offers benefits like resistance to wear & corrosion, thermal stability, high mechanical strength, and dimensional stability.
Market Overview and Dynamics
The ceramic injection molding market in North America was valued at US$ 108.49 Mn in 2019 and is projected to reach US$ 203.73 Mn by 2027; it is expected to grow at a CAGR of 8.3% from 2020 to 2027. Growing focus towards development of manufacturing sector is bolstering the growth of ceramic injection molding market in North America. The government in North America is strongly focused on the development of the manufacturing sector. The demand for ceramic injection molding in North America is rising with the growth in the industries, including manufacturing, metallurgy, automotive, medical, electronics, and many others.
However, a longer production time of ceramic parts may hinder ceramic injection moldings' growth in North America. Besides, COVID-19 has affected economies and industries in various countries due to travel bans, lockdowns, and business shutdowns. In the North America region, the US has the highest number of confirmed coronavirus cases than Canada and Mexico. 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 may negatively impact the North America Ceramic Injection Molding Market.
Key Market Segments
The North America 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. On the basis of 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 dominated the North America Ceramic Injection Molding Market, and it is also anticipated to grow at the fastest growth rate during the forecast period of 2020-2027.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the Ceramic Injection Molding market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are ARBURG GmbH + Co KG; Ceramco, Inc.; CoorsTek Inc.; INDO-MIM; Micro; Morgan Advanced Materials; and OECHSLER AG among others.
Reasons to buy report
North America Ceramic Injection Molding Market Segmentation
North America Ceramic Injection Molding Market, by Type
North America Ceramic Injection Molding Market, by Industry Vertical
North America Ceramic Injection Molding Market, by Country
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 108.49 Million |
| Market Size by 2027 | US$ 203.73 Million |
| CAGR (2020 - 2027) | 8.3% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Material Type
|
|
Regions and Countries Covered
|
|
| North America | US, Canada, Mexico |
| Market leaders and key company profiles |
|
The List of Companies - North America Ceramic Armor Market
The North America Ceramic Armor Market is valued at US$ 108.49 Million in 2019, it is projected to reach US$ 203.73 Million by 2027.
As per our report North America Ceramic Armor Market, the market size is valued at US$ 108.49 Million in 2019, projecting it to reach US$ 203.73 Million by 2027. This translates to a CAGR of approximately 8.3% during the forecast period.
The North America Ceramic Armor Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Ceramic Armor Market report:
The North America Ceramic Armor Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Ceramic Armor Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Ceramic Armor Market value chain can benefit from the information contained in a comprehensive market report.
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