Wednesday, 30 December 2015

Metal and Ceramic Molding Market Poised to Reach US$3.5 bn by 2020, Propelled by Rapid Growth in Automotive Industry : TMR

Transparency Market Research (TMR), a market research and intelligence firm, has published a research report on the global metal and ceramic injection molding market , estimating it to expand at a healthy CAGR of 11.50% over the period from 2014 to 2020, rising from a value of US$1.6 bn in 2013 to US$3.5 bn by the end of the forecast period.The market report, titled “Metal and Ceramic Injection Molding Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020”, states that the increasing demand for powder injection molding (PIM) components from the medical and healthcare industry is the key factor boosting this market as metal and ceramic injection molding are integral parts of PIM.

The report analyzes the global market for metal and ceramic injection molding on two fronts: application and regional distribution. The automotive segment is the biggest application market for metal and ceramic injection molding at present. It alone contributed over 20% of the overall revenue generated by the market in 2013. The increasing investment for further advancement of metal and ceramic injection molding techniques has fueled this market extensively in recent times.The development in the electronics and defense sectors is also expected to trigger the demand for the metal and ceramic injection molding during the forecast period, states the research report.

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According to the market report, North America, Asia Pacific, Europe, and the Rest of the World are the key regional markets for metal and ceramic injection molding. Asia Pacific is the market leader among these. The soaring demand for metal and ceramic injection molding techniques from the automotive industry, as well as the electronics market, is the key driving force behind the growth of this regional market.

The Asia Pacific market for metal and ceramic injection molding accounted for more than 45% of the overall market in 2013. Analysts at TMR project this regional market to retain its position throughout the forecast period.Other regional metal and ceramic injection molding markets such as Europe and North America are also anticipated to show a steady growth in market share on account of the rapid development in the automotive as well as the medical and healthcare industry in these regions, notes the market study.

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The report also presents the prevalent competitive landscape of the worldwide market for metal and ceramic injection molding by evaluating the company profiles of major market participants. PSM Industries, Nippon Piston Ring Co Ltd., Plansee Holding AG, Indo-US MIM Tec Pvt. Ltd., Kinetics Climax Inc., Epson Atmix Corp., ARC Group Worldwide Inc., CMG Technologies Ltd., and Advanced Materials Technologies Pte Ltd. are the key players operating in the global metal and ceramic injection molding market, states the research report.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.


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