Asia Pacific Ceramic Injection Molding Market to Grow at a CAGR of 8.5% to reach US$ 331.76 Mn from 2020 to 2027

The ceramic injection molding market in the Asia Pacific was valued at US$ 174.14 Mn in 2019 and is projected to reach US$ 331.76 Mn by 2027; it is expected to grow at a CAGR of 8.5% from 2020 to 2027.

The ceramic injection molding market in Asia Pacific comprises several developing economies, including China, India, South Korea, Japan, and Australia. These emerging nations are witnessing an upsurge due to urbanization, increasing manufacturing industries and growing industrialization, and the impact of social media platforms, which offers ample opportunities for major market players in the ceramic injection molding market

The Asia Pacific region encompasses an ample amount of opportunities for the growth of CIM. This region has been noticed as one of the critical markets for the utilization of ceramic products. China primarily dominates the regional market, followed by other nations such as Japan, Vietnam, Taiwan, Korea, Thailand, Malaysia, and Indonesia. These countries are experiencing rising demand for semiconductors, electronics, automobiles, and others. CIM is extensively utilized in wearable devices, smartphones, and other electronic devices. The demand for smartphones and wearable devices has been increased subsequently with the electronics industry's growth, coupled with a shift in consumer living standards. This shift has further propelled the growth of the ceramic injection molding market in the region. Over the past few years, the manufacturing spending towards the developments of chemicals and electronic industry has grown significantly and is anticipated to grow at a high rate. Rising foreign direct investments also lead to economic growth in this region. Also, the wide use of various types of CIM in medical instruments, aircraft manufacturing, and automobile parts is contributing to the market growth in this region.

Based on type, the Asia Pacific ceramic injection molding market is segmented into alumina, zirconia, and others. The alumina segment dominated the Asia Pacific ceramic injection molding market during 2020-2027. Alumina, also commonly known as aluminum oxide, is white or a colorless crystalline substance produced from bauxite. Ceramic injection molding makes use of ceramic powders like alumina. Alumina ceramic is a high mechanical hardness, thermal conductivity, and high electrical resistivity. It also has good stiffness, wear, and corrosion resistance properties. The alumina components employed in ceramic injection molding possess high wear & corrosion stability, high surface finish quality, and good electrical insulation. They are stable dimensionally and can withstand high working temperatures. Owing to the good mechanical properties and low specific weight, the ceramic injection molding alumina is used in engineering for sensor tubes, sensor covers, and microelectrodes for ultrasonic welding. It is also used in the textile industry for wire guides and textile thread guides. In electrical components, it is used for microwave electric components. Ceramic insulation molding alumina is highly demanded as it is the most commonly used material in micro-CIM and 2C-CIM technologies. Alumina is mainly applied for chemical operations, industrial machinery, and the vacuum industry, where good wear and corrosion resistance are essential. The wide-scale industry vertical of alumina in micro-ceramic injection molding and 2C ceramic injection molding technologies has favored the alumina segment's growth across the Asia Pacific.

However, COVID-19 has affected economies and industries in various countries due to travel bans, lockdowns, and business shutdowns. In the Asia Pacific region, India has the highest number of confirmed coronavirus cases than Japan, China, and Australia. This is expected to impact the chemical and materials industry in the region. Due to the COVID-19 outbreak, the supply chain is expected to get affected and negatively impact the Asia Pacific Ceramic Injection Molding Market.

Asia Pacific Ceramic Injection Molding Market Revenue and Forecast to 2027 (US$ Million)

Asia Pacific Ceramic Injection Molding Market Segmentation

Asia Pacific Ceramic Injection Molding Market, by Type

• Alumina
• Zirconia
• Others

Asia Pacific Ceramic Injection Molding Market, by Industry Vertical

• Industrial Machinery
• Automotive
• Healthcare
• Electrical and Electronics
• Consumer Goods
• Others

Asia Pacific Ceramic Injection Molding Market, by Country

• Australia
• China
• India
• Japan
• South Korea
• Rest of Asia Pacific

Asia Pacific Ceramic Injection Molding Market -Companies Mentioned

• AMT PTE. LTD.
• ARBURG GmbH + Co KG
• CoorsTek Inc.
• INDO-MIM
• MICRO
• Morgan Advanced Materials
• OECHSLER AG

Asia Pacific Ceramic Injection Molding Report Scope