Metal and Ceramic Injection Molding Market is expected to experience brisk over the forecast period growth due to increased demand for minimal invasive cosmetic surgery in the developed regions. Huge investment by manufactures in this industry is presumed to fuel the Metal and ceramic injection molding market growth over the next eight year period.
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The key driving factors responsible for the growth of Metal and
Ceramic Injection Molding market :
Metal injection molding (MIM) and
ceramic injection molding (CIM) technology are complex processes in which
materials such as metals & ceramic are put into machined techniques. The
procedure is managed with high accuracy and precision to provide the required
products for a particular industry. Metal and ceramic injection molding
technologies functions as two segments in powder injection molding (PIM). PIM
comprising MIM and CIM is innovative manufacturing technologies to produce
complex and high volume net-shaped components. The components are made with the
metal and ceramic powder usage. The materials which are used to manufacture
several end components include titanium alloys, stainless steel, soft magnetic
alloys, and low-alloy steels. The end components manufactured include medical
equipment, electronic gadgets, firearms, and automotive components for a varied
range of end-user industries. These technologies provide the design flexibility
for unlimited material choice offered by the powder metallurgy (powdered
ceramic and metal).
Rapid industrialisation across
the world is estimated to fuel the market growth over the forecast period. Huge
growth in automobile industry coupled with heavy production the demand for this
technology is presumed to have positive impact on the industry growth in the
near future. Growth and development in medical & healthcare sector is
expected to further boost the industry growth over the next eight year period.
Rise in disposable income and automobile industry expansion is developing
regions is estimated to enhance the market growth. Several advantageous
characteristics involved with the usage of these technologies is presumed to
contribute for the Metal and ceramic injection molding market expansion. It
advances lenience capacity involved with investment casting moreover it
increases mechanical strength, and improves the products shape limitation.
The low cost along with complex
designing capabilities, MIM and CIS technology deliver higher economy of scale
and reduce the time taken to manufacture a product by eliminating production
steps such as finishing and machining. The manufacturing process involves mainly
four steps in metal and ceramic injection molding feedstock preparation,
debinding injection modelling and sintering. Increasing demand for consumer
product such as eyeglasses and watches is expected to further enhance the
growth in the near future for metal and ceramic injection molding market.
Growing firearms industry is presumed to further propel the metal and ceramic
injection molding technologies demand. Heavy demand for minimal invasive
cosmetic surgery in the developed regions is expected to boost the industry
growth.
Limitation on finished fragments
size and weight is presumed to hinder the market demand in the near future.
Several new applications for powder injection molding is presumed to open new
opportunity for the industry vendors over the next eight year period. High
substitution threat from other molding technique due to user friendly easy
availability characteristics is expected to challenge the industry demand.
Moreover, substitute techniques properties such as easy tooling, cost effective
operation and, moderate working requirements has challenged the industry growth
in recent years.
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