Selbyville, Delaware One of the most rapidly expanding niche segments of the polymers space, metal and ceramic injection molding market has witnessed considerable gains across myriad business domains. Metal injection molding and ceramic injection molding are together known as powder injection molding.
Owing to the vast application spectrum, global metal & ceramic injection molding market size is anticipated to hit US$4 billion in yearly value by 2025.
Predominantly used to produce miniature products in end-user sectors along the likes of automotive, aerospace, defense, healthcare and electronics, powder injection molding solutions have transformed remarkably over the last several years. An increase in demand for complex parts that demand superior-performance materials, especially silicon and stainless steel, has positively influenced the industry trends.
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The molding technology solution is known for used in the manufacture of products boasting superior strength and complex structures along with offering an enhanced surface finish. Keeping in mind its various end-use spectrum and wide profitability scale, metal and ceramic injection companies have been aiming at instituting new product ventures to achieve competitive advantage in the business sphere.
Swedish metal powder company – Höganäs introduced Intralube GS in June 2020, which is a sustainable powder mix that enhances the green strength of compacted parts by nearly 80% as compared to its alternatives. Due to the superior green strength, the product increases the production efficiency of the customers, reduces the scrap rates, and ensures that they work in a sustainable manner.
Demand for the process in APAC automobile industry
The automobile industry in Asia Pacific in particular has witnessed considerable gains over the years due to the improvement in disposable income among people as well as the growing demand for vehicles. The presence of various regional automobile companies such as Toyota, Honda, Kia, Hyundai, and Tata Motors has fueled the demand for auto components across OEMs and aftermarket.
Asia Pacific metal and ceramic injection molding market has emerged as a profitable revenue terrain over the years primarily due to the presence of various medical, automobile, and electronics giants across the emerging nations in the region. This gradual industrial improvement is due to the increase in FDIs received by the countries in APAC as well as initiatives undertaken by the countries to improve the economic conditions.
Reports estimate that nearly 28 million vehicles were sold in China in the year 2018. The automotive industry has emerged as a major consumer of metal injection molded components due to their superior strength allowing it to be used in complex parts such as engines, turbochargers, gearboxes, steering systems, locking mechanisms, and electronic systems, among others.
Coronavirus and its impact on auto production
The recent COVID-19 pandemic has adversely affected businesses across the globe. The automobile industry in particular has witnessed significant losses due to the temporary pause in manufacturing activities as well as the restrictions imposed on the movement of people.
Moreover, due to the slowdown in the movement of supply vehicles, there is also an inadequate availability of raw materials. This may have impacted metal and ceramic injection molding industry to some extent.
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Extensive use of alumina ceramic injection molding
Alumina ceramic injection molding has gained widespread traction as it offers superior strength, flexibility, and reduced machinability when compared to other processes and is being adopted by various end-users as compared to other alternatives. Alumina products in ceramic injection molding showcase excellent electrical properties, corrosion and chemical resistance, wear-resistance and enhanced mechanical strength, thermal stability, and consistent mechanical properties.
The notable application scope comprises automobile, electronics, and industrial use. Major metal and ceramic injection molding market companies include Kinetics Climax Inc., Höganäs AB, CMG Technologies, ARC Group Worldwide, and Nippon Piston Ring Co Ltd., among various others.
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