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 .
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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 .
The metal and ceramic injection molding market can be classified based on end users as automotive , medical & healthcare , consumer ’ s product , aerospace , industrial machinery , electronics and defense among several others . Key regional markets include North America , Central & South America , Europe , Middle East & Africa , and Asia Pacific . Developed regions such as North America are estimated to witness positive growth over the next eight year period owing to huge demand form healthcare sector .
Europe is expected to witness rapid growth due to increase in demand from Germany and Italy based automotive manufacturers . Developing regions such as Asia Pacific and Central & South America are expected to experience rapid growth in industry over the next eight years period owing to rising awareness , rise in disposable income and high demand for metal and ceramic devices . Emerging economies such as India and China is presumed to have huge growth in the near future due to rapid industrialization . Innovation and development towards quality product is anticipated to further enhance the growth in this region in near future .