Metal and Ceramic Injection Molding Market Size

Metal And Ceramic Injection Molding Market size was over USD 1.08 Billion in 2023 and is likely to reach USD 3.01 Billion by the end of 2036, witnessing around 8.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of metal and ceramic injection molding is assessed at USD 1.17 Billion. The growth of the market can be attributed to the escalated utilization of ceramic in the manufacturing of spark plugs, race car brakes, skis, body armor, cooktops, space shuttle tiles, artificial joints, and others. Ceramics are utilized to make this structure since this type of molding technology is highly suitable for complex structures and high strength. The higher production and sales volume of skiing equipment is estimated to propel the market growth over the forecast period. For instance, in 2019, around 650,000 snowboards were sold out across the globe while nearly 3 million alpine skis were purchased by people globally. The sales volume of cross-country skis was estimated to be around 1 million in a similar year.

Global metal and ceramic injection molding market trends such as the growing inclination of the global population towards skiing triggering the demand for skiing equipment and expansion in the chemical industry with robust demand for metal and ceramic injection molding are expected to hike the market growth over the forecast period. For instance, it is projected that approximately 350 million people visit ski resorts every year. Furthermore, ceramic is used widely in the automotive industry to make lightweight vehicles, which is expanding significantly across the globe. According to the U.S. Department of Energy, about a 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.