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Metal and Ceramic Injection Molding Market Outlook 2031
- The global metal and ceramic injection molding market was valued over US$ 2.9 Bn in 2020
- It is estimated to expand at a CAGR of 8.4% from 2021 to 2031
- The global metal and ceramic injection molding market is expected to reach the value of US$ 7 Bn by the end of 2031
Collaborative Workshops Help Provide Fully-finished Products Using MIM Technology
In order to gain a competitive edge in the metal and ceramic injection molding market landscape, companies are offering fully finished products to render to a leaner supply chain requirement. Additional capabilities of aerospace precision machining, investment casting, and metal binder jet 3D printing are bolstering credibility credentials of companies. The burgeoning growth in Industry 4.0 is contributing to the growth of the metal and ceramic injection molding market.
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ISO (International Organization for Standardization), IATF (International Automotive Task Force), and other compliances are becoming necessary for manufacturing plants. Established companies are conducting seminars and technical workshops at their customer’s location to disseminate useful information regarding design guidelines for metal injection molding (MIM) technology.
Harmonious Relations with Ecosystem Partners Effective Strategy During COVID-19 Crisis
Business activities in the metal and ceramic injection molding market are surging in a staggered manner due to the ongoing COVID-19 crisis. Participants in the market are adopting contingency planning to overcome volatile demand and supply for products. Market stakeholders are focusing on positive or limited negative impact industries such as healthcare, consumer products, and industrial machinery to keep economies running.
Companies in the metal and ceramic injection molding market are taking data-driven decisions to unlock revenue opportunities in new end-use cases amid the ongoing pandemic. They are adapting to new manufacturing practices and guidelines issued by healthcare organizations to ensure business continuity and maintain the well-being of workers and laborers. Stakeholders are establishing a balanced relationship with suppliers and ecosystem partners to ensure stable income sources.
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Varying Sintering Atmospheres Control Carbon Composition in MIM
In metal injection molding, controlling carbon composition during sintering is a challenge, owing to the excess amount of carbon that can arise due to the binder system. Thus, for steel grades with a very low or high carbon content, the problem could be overcome by varying the sintering atmosphere, either to reactive or neutral atmospheres respectively.
Participants in the metal and ceramic injection molding market are taking special care while processing medium carbon steels.
Controlled Process Environments Help Increase Productivity in CIM
The Six Sigma controlled environment is being publicized in the metal and ceramic injection molding market. This process environment is allowing production engineers and product designers more versatility in the use of ceramics as an alternative material with high productivity, low manufacturing cost, and improved product performance. Ceramic injection molding (CIM) is a good option when users need to replace plastic and metal components that fail to perform adequately.
Participants in the metal and ceramic injection molding market are focusing on quality and precision by working closely with customer specifications and a closely monitored process that meets these requirements. As such, dental, textile, and household appliances, among others, are fueling the demand for CIM.
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