Rapid industrialization across the world is estimated to fuel the market growth over the forecast period. With the huge growth in the automobile industry coupled with heavy production, the demand for this technology is presumed to have a positive impact on the industry's growth shortly. Growth and development in the medical & healthcare sector are expected to further boost the industry growth over the next eight-year period. The rise in disposable income and automobile industry expansion in developing regions is estimated to enhance the market growth. Several advantageous characteristics involved with the usage of these technologies are presumed to contribute to the Metal and ceramic injection molding market expansion. It advances the lenience capacity involved with investment casting moreover it increases mechanical strength and improves the product's shape limitation.
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The low cost along with complex designing capabilities, MIM and CIS technology deliver a higher economy of scale and reduce the time taken to manufacture a product by eliminating production steps such as finishing and machining. The manufacturing process involves mainly four steps in metal and ceramic injection molding feedstock preparation, depending on injection modeling, and sintering. Increasing demand for consumer products such as eyeglasses and watches is expected to further enhance the growth shortly for the metal and ceramic injection molding market. The growing firearms industry is presumed to further propel the metal and ceramic injection molding technologies demand. Heavy demand for minimally invasive cosmetic surgery in the developed regions is expected to boost the industry's growth.
Limitation on finished fragments size and weight is presumed to hinder the market demand shortly. Several new applications for powder injection molding is presumed to open new opportunity for the industry vendors over the next eight-year period. High substitution threat from other molding techniques due to user-friendly easy availability characteristics is expected to challenge the industry demand. Moreover, substitute techniques properties such as easy tooling, cost-effective operation and, moderate working requirements have challenged the industry growth in recent years.
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