South America Ceramic Injection Molding Market Forecast to 2027 – COVID-19 Impact and Analysis – By Type and Industry Vertical

South America Ceramic Injection Molding Market Forecast to 2027 – COVID-19 Impact and Analysis – By Type and Industry Vertical

  • February 2021 •
  • 59 pages •
  • Report ID: 6027860 •
  • Format: PDF
The ceramic injection molding market in South America was valued at US$ 11.18 million in 2019 in 2019 and is projected to reach US$ 19.52 million by 2027; it is expected to grow at a CAGR of 7.3% from 2020 to 2027.

Development and growth in medical and healthcare sectors are escalating the ceramic injection molding market.Ceramic injection molding is used to manufacture various medical components, such as prosthetic replacements, dental implants, endoscopic tools, tweezers, and scissors.

Moreover, rise in awareness regarding the design flexibility and low-cost delivered by ceramic injection molding are estimated to provide potential market opportunities in the coming years.Various key players, such as Indo-MIM, are providing awareness regarding the cost-efficiency of the technology.

Besides, the cost-efficiency and complex designing capabilities of ceramic injection molding technology offer a higher economy of scale by eliminating the production steps, such as machining and finishing.Ceramic injection molding is an innovative technology that provides economical solutions to produce complicated, repeatable ceramic parts and components.

Moreover, injection molding eradicates the necessity for secondary operations, which are normally required to produce complex geometrical shapes. Based on type, the ceramic injection molding market is categorized into alumina, zirconia, and others. The zirconia segment is expected to grow at the fastest rate during the forecast period of 2020 to 2027. Zirconium oxide, also known as zirconia, refers to a white crystalline oxide of zirconium. Ceramic powder of zirconia is widely used in injection molding. Zirconia possesses greater thermal expansion capacity compared to alumina. It is biocompatible and has high chemical inertness, high fracture resistance, and low thermal conductivity. Zirconia powder is employed in the production of dental implants through injection molding. The zirconia powder is mainly used in the injection molding of optical fibers ferrules and wire bond nozzles. The zirconia toughened alumina ceramics serve as impressive materials for biomedical and engineering industry verticals due to their hardness, high strength, and abrasion resistance. For this reason, ceramic injection molding appears to be an attractive option for producing zirconia toughened alumina. Zirconia is mainly used in industry verticals where alumina strength is considered to be insufficient. The more excellent thermal stability and strength of zirconia than alumina drive this segment’s growth in the ceramic injection molding market. However, the COVID-19 outbreak has affected economies and industries in various countries due to travel bans, lockdowns, and business shutdowns. In the South America region, Brazil has the highest number of confirmed coronavirus cases, followed by Ecuador, Chile, Peru, and Argentina. This is expected to impact the chemicals & materials industry in the region. Due to the COVID-19 outbreak, the supply chain is expected to get affected and negatively impact the South America ceramic injection molding market.The overall South America ceramic injection molding market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the South America ceramic injection molding market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants, such as valuation experts, research analysts, and key opinion leaders specializing in the South America ceramic injection molding market. Key market players include ARBURG GmbH + Co KG, INDO-MIM, Morgan Advanced Materials, and OECHSLER AG.
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