The global metal and ceramic injection molding components market to grow to nearly $2.9 billion by 2018.
Wellesley, Mass (PRWEB) January 20, 2014
According to a new technical market research Metal and Ceramic Injection Molding, from BCC Research (http://www.bccresearch.com), the global metal and ceramic injection molding components market was valued at $1.5 billion in 2012. BCC Research projects the market to grow to nearly $2.9 billion by 2018, and register a six-year compound annual growth rate of 11.4% from 2012 to 2018.
The global market for metal injection molding (MIM) and ceramic injection molding (CIM) has exhibited spectacular growth over the last two decades, and the trend is expected to continue. While the market crash in 2008 and 2009 had its share of repercussions in the MIM industry, with automotive sales dropping significantly across the world, larger companies have weathered the storm and have grown stronger and larger in the meantime. Key to this staying power has been diversification across other applications such as medical and dental, aerospace, electronics and communications, and luxury products. Additionally, the market has branched into several new applications, firearms being the most prominent.
Growth in the cell phone and other handheld products and electronics have been a boon to the MIM industry for the last decade, and this has also resulted in the industry shifting its base slowly to emerging markets and Asia, where most of the electronics manufacturing takes place. This shift is also helping to open new markets for the technology, as the original technologies were developed in the U.S. and were focused in the dental and automotive markets.
Another significant change in the industry is the size of the largest players starting to cross the $50 million mark. The first two MIM manufacturers to break this barrier are the ARC Group, because of its recent acquisition, and Indo-U.S. MIM. BCC Research expects that there could be five to ten players crossing the $50 million mark by 2018, and several crossing the $100 million threshold as well. On the supply side also, several players are expected to be enjoying $50 million in sales from MIM industry in the next few years.
This technical market research report from BCC Research provides an overview of the global market for ceramic and metal injection molding technologies, covering both powder and liquid processes for the metal injection segment, including analyses of global market trends, with data from 2012, and projections of CAGRs through 2018. Assessments of the current technology, new developments, and business opportunities are also presented, as well as reviews and analysis of the patents awarded in the CIM and MIM technologies, by technology, by year, and by geography. This study also provides detailed analysis of various supplier products and technologies supporting the MIM marketplace, by technology and by geography, including comprehensive lists of suppliers by product.
This report is intended for suppliers to the MIM and CIM industry who will benefit from understanding the details of their customer market, major players, technical trends, and general market requirements. This group includes metal powder, feedstock, and equipment suppliers. In addition, MIM and CIM manufacturers will benefit from understanding their industry scenario as well as the changes in their supply and customer markets. End users of MIM and CIM products will also find this report to be a valuable resource, as will professionals in the financial marketplace such as private equity companies, investment managers, owners, and C-level executives in companies, as well as outside entities considering entry into the MIM and CIM market.