North America Ceramic Injection Molding Market Segments and Growth by 2027

The ceramic injection molding market in North America was valued at US$ 108.49 Mn in 2019 and is projected to reach US$ 203.73 Mn by 2027; it is expected to grow at a CAGR of 8.3% from 2020 to 2027.

The North American region comprises developed economies such as the US and Canada as well as Mexico as a developing nation. The companies are continuously enhancing their overall business processes to meet the customers' demands in the best possible way. Several domestic and international companies operating in the ceramic injection molding market have a strong foothold in the North American region. In this region, the United States is a significant market for ceramic injection molding, followed by Canada and Mexico. The North American region primarily supports the ceramic injection molding market's growth through effective manufacture and trade policies.

Furthermore, the North American ceramic injection molding market is expected to experience brisk during the forecast period growth owing to increased demand for minimally invasive cosmetic surgery, mainly in the developed countries. The manufacturers' massive investment in this industry is presumed to boost the ceramic injection molding market growth during the next eight-year period. An enormous increase in the automobile industry and colossal production demand for this technology are anticipated to have a positive impact on the industry growth in the upcoming years. Growth and development in the medical & healthcare sectors are further expected to boost the industry demand over the next seven-year period. The rise in disposable income with increasing living standards in developing countries is again estimated to enhance the market growth. Several advantageous characteristics involved with utilizing these technologies are presumed to contribute towards the metal and ceramic injection molding market expansion.      

Based on type, the ceramic injection molding market is categorized into alumina, zirconia, and others. In 2019, the alumina segment dominated the market.  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. The ceramic injection molding alumina is one of the most widely used injection molding ceramic material. 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.  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 fair wear and corrosion resistance are essential. The vast scale industry vertical of alumina in micro-ceramic injection molding and 2C ceramic injection molding technologies has favored the alumina segment's growth across North America.

However, COVID-19 has affected economies and industries in various countries due to travel bans, lockdowns, and business shutdowns. In the North America region, the US has the highest number of confirmed coronavirus cases than Canada and Mexico. 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 may negatively impact the North America Ceramic Injection Molding Market.

North America Ceramic Injection Molding Market Revenue and Forecast to 2027 (US$ Million)

North America Ceramic Injection Molding Market Segmentation

North America Ceramic Injection Molding Market, by Type

• Alumina
• Zirconia
• Others

North America Ceramic Injection Molding Market, by Industry Vertical

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

North America Ceramic Injection Molding Market, by Country

• US
• Mexico
• Canada

North America Ceramic Injection Molding Market -Companies Mentioned

• ARBURG GmbH + Co KG
• Ceramco, Inc.
• CoorsTek Inc.
• INDO-MIM
• Micro
• Morgan Advanced Materials
• OECHSLER AG

North America Ceramic Injection Molding Report Scope