Asia Pacific Ceramic Injection Molding Market Forecast to 2027 - COVID-19 Impact and Analysis - By Type and Industry Vertical

Alumina Segment to Dominate Asia Pacific Ceramic Injection Molding Market during 2020-2027

According to a new market research study on “Asia Pacific 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$ 331.76 million by 2027 from US$ 174.14 million in 2019 and is expected to grow at a CAGR of 8.5% from 2020 to 2027. The report provides trends prevailing in the Asia Pacific Ceramic Injection Molding Market and the drivers and restraints pertaining to the market growth. Various advantages offered by ceramic injection molding is the primary factor driving the Asia Pacific Ceramic Injection Molding Market. A large population of Asia Pacific is directly dependent on more food products, medical facilities, more smart vehicles, consumer electronics, and others.

The emerging countries of Asia Pacific are witnessing an upsurge in the middle-class population and growth in urbanization, which offers ample opportunities for the key market players in the CIM market. Factors such as growing demand for ceramic injection molding from manufacturing industries coupled with increasing use by the medical sector is driving the demand in the Asia-Pacific region. However, a longer production time of ceramic parts may hinder ceramic injection moldings' growth in the Asia Pacific. Besides, COVID-19 has affected economies and industries in various countries due to travel bans, lockdowns, and business shutdowns. In the Asia Pacific, India has the highest number of confirmed coronavirus cases than Japan, China, and Australia. 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 negatively impact the Asia Pacific Ceramic Injection Molding Market.

The Asia Pacific 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. Based on industry vertical, the Asia Pacific Ceramic Injection Molding Market is segmented into industrial machinery, automotive, healthcare, electrical and electronics, consumer goods, and others. The healthcare segment dominated the Asia Pacific Ceramic Injection Molding Market, and it is also anticipated to grow at the fastest growth rate during the forecast period of 2020-2027.

AMT PTE. LTD., ARBURG GmbH + Co KG, CoorsTek Inc., INDO-MIM, MICRO, Morgan Advanced Materials, and OECHSLER AG are among the leading companies in the Asia Pacific 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, On 30 September 2020, the new ARBURG Technology Center (ATC) was open in Pinghu, China, which offers space for more than 60 ALLROUNDER injection molding machines configured and automated on-site according to customer requirements. Together with local partners, the company can implement a wide range of automation solutions and adapt the machines to the customer's specific needs.

The Report Segments The Asia Pacific Ceramic Injection Molding Market As Follows:

By Type

• Alumina
• Zirconia
• Others

By Industry Vertical

• Industrial Machinery
• Automotive
• Healthcare
• Electrical and Electronics
• Consumer Goods
• Others

By Country

• Australia
• China
• India
• Japan
• South Korea
• Rest of Asia Pacific

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