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CHEMICALS AND ADVANCED MATERIALS

Metal and Ceramic Injection Molding Market Analysis by Product Type (Plastic, Rubber, Metal and Ceramic); and by End User (Automotive, Packaging, Consumer Goods, Electronics and Healthcare) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • Sumitomo Heavy Industries, Ltd. – Sumitomo Heavy Industries, Ltd released the all-electric small injection molding machine SE30EV-A that enables speedy set-up, precise, stability, production management, and reduction of environmental loads. The special features such as advanced touch panel controller and low vibration greatly leads to improvement in production field.
  • CHARLOTTE, N.C. – To expand the precision casting leader’s footprint outside the US, Signicast, a Form Technologies company, announced that it has signed an agreement to acquire CIREX.

Global Metal and Ceramic Injection Molding Market Size, Forecast, and Trend Highlights Over 2023 – 2033

Base Year

2022

Forecast Year

2023-2033

CAGR

~8%

Base Year Market Size (2022)

 ~ USD 1.5 Billion

Forecast Year Market Size (2033)

~ USD 7 Billion

The global metal and ceramic injection molding market is estimated to garner a revenue of nearly USD 7 Billion by the end of 2033 by growing at a CAGR of ~8% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of around USD 1.5 Billion in the year 2022. The growth of the market can be attributed primarily to the expansion of the chemical industry worldwide. For instance, the Indian chemical industry accounted for nearly USD 170 billion in the year 2019 and is anticipated to reach around USD 300 billion by 2025. 

Metal-and-Ceramic-Injection-Molding-Market-Size

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An injection molding machine is a manufacturing machine used for production of molded plastic parts in large volume. The injection molding machine consists of two main components, i.e. an injection unit and a clamping unit. The machine is filled with a die with molten plastic by means of injecting the molten plastic under very high pressure into the mold. It is used to manufacture products made of plastics, rubber, metal, and ceramic. Rubber is used widely in automotive industry to make lightweight vehicles, which is expanding significantly across the globe. According to the U.S. Department of Energy, about 10% reduction in vehicle weight can result in a 6%-8% fuel economy improvement. Hence, this is estimated to be a significant factor to drive the growth of the global metal and ceramic injection molding market.

Global Metal and Ceramic Injection Molding Market: Growth Drivers and Challenges

Growth Drivers

  • Growing Demand for Automotive Vehicles – Injection molding method is used significantly and widely in the automotive sector. Automotive sector is growing rapidly across the world. Hence, this is anticipated to be an important factor to drive the market growth. Revenue of worldwide automotive manufacturing industry was sized at approximately USD 2.9 trillion in 2021 and it is estimated to increase significantly over the forecast period.
  • Increasing Expansion Rate of Construction Industry – According to estimates, by the end of 2025, the construction industry in India is expected to reach a total value of USD 1.3 trillion.
  • Rising Government Support to Expand the Chemical Industry – Within the Union Budget 2022-23, the Indian government allocated approximately USD 27 million to the Department of Chemicals and Petrochemicals.
  • Growing Demand for Electric and Non-Electric Vehicles – In hybrid and electronic vehicles, injection molding is increasingly used. It was observed that nearly 13,34,000 electric vehicles are in use in India, compared to approximately 27,80,50,000 non-electric vehicles.
  • Increasing Expansion of Chemical Industry across the Globe – Global chemical industry garnered revenue of nearly USD 4 trillion around the world in the year 2021.

Challenges

  • Design Restrictions
  • Lack of Expert Professionals
  • Higher Machine Tooling Cost

The global metal and ceramic injection molding market is segmented and analyzed for demand and supply by end user into automotive, packaging, consumer goods, electronics, and healthcare. Out of these segments, the healthcare segment is expected to hold the highest growth by the end of the year 2033 owing to the existence of a huge patient pool that requires treatment in hospital facilities. Moreover, rising healthcare expenditure per capita on healthcare is also estimated to add to the growth of this segment in the market. As per The World Bank, current health expenditure of the year 2019, accounted to 9.83% of global GDP.

Major Macro-Economic Indicators Impacting the Market Growth

Major Macro Economic Indicators Impacting the Market Graph

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Program), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favorable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labor as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.

Global Metal and Ceramic Injection Molding Market Regional Synopsis

Regionally, the global metal and ceramic injection molding market is studied into five major regions including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa region. Amongst these markets, the market in the North America region is projected to hold the largest market share by the end of 2033 on the back of the rapid technological development, and increasing usage of automotive in the region. As of 2022, over 75 percent of the U.S. population reported having access to their own car, with an additional 19 percent having access to a company or family car.

Metal-and-Ceramic-Injection-Molding-Market-Scope

The global metal and ceramic injection molding market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global metal and ceramic injection molding market includes the following segments:

By Product Type

  • Plastic
  • Rubber
  • Metal
  • Ceramic

By End User

  • Automotive
  • Packaging
  • Consumer Goods
  • Electronics
  • Healthcare

Top Featured Companies Dominating the Global Metal and Ceramic Injection Molding Market

  • Sumitomo Heavy Industries, Ltd
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Chen Hsong Holdings Ltd.
  • The Japan Steel Works, Ltd.
  • Nissei Plastic Industrial Co., Ltd.
  • Negri Bossi S.P.A
  • Husky Injection Molding Systems Ltd.
  • GSH Industries
  • Dongshin Hydraulics Co., Ltd.
  • Milacron Ltd.
  • Arburg Ltd.

 

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