North America Ceramic Injection Molding Market is expected to reach US$ 203.73 Mn by 2027

Healthcare Segment to Dominate North America Ceramic Injection Molding Market during 2020–2027

According to The Insight Partners market research study on “North America Ceramic Injection Molding Market Forecast to 2027 – COVID-19 Impact and Analysis – By Type (Alumina, Zirconia, and Others) and Industry Vertical (Industrial Machinery, Automotive, Healthcare, Electrical and Electronics, Consumer Goods, and Others),” is expected to reach US$ 203.73 million by 2027 from US$ 108.49 million in 2019 and is expected to grow at a CAGR of 8.3% from 2019 to 2027. The report provides trends prevailing in the North America Ceramic Injection Molding Market along with the drivers and restraints pertaining to the market growth. Various advantages offered by ceramic injection molding is the primary factor driving the North America Ceramic Injection Molding Market. However, a longer production time of ceramic parts may hinder ceramic injection moldings' growth in North America. Besides, 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.

The North America Ceramic Injection Molding Market is segmented into type and industry vertical. Based on type, the ceramic injection molding market is categorized into alumina, zirconia, and others. In 2019, the alumina segment dominated the market. On the basis of industry vertical, the North America Ceramic Injection Molding Market is segmented into industrial machinery, automotive, healthcare, electrical and electronics, consumer goods, and others. The healthcare segment dominated the North America Ceramic Injection Molding Market, and it is also anticipated to grow at the fastest growth rate during the forecast period of 2020-2027. 

ARBURG GmbH + Co KG; Ceramco, Inc.; CoorsTek Inc.; INDO-MIM; Micro; Morgan Advanced Materials; and OECHSLER AG are among the leading companies in the North America Ceramic Injection Molding Market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For Instance, In July 2018, CoorsTek Inc. opened a new research and development (R&D) center in Uden, The Netherlands. This new European R&D center is closely connected with CoorsTek R&D teams in the United States and Japan. It is dedicated to developing technical ceramics capabilities to support the company’s customers around the world.

The Report Segments The North America Ceramic Injection Molding Market As Follows:

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