Industria
Expansion of Automotive Industry to Help Metal and Ceramic Injection Molding Market Gain Valuation of US$ 7 Bn by 2031, Report by TMR
ALBANY, N.Y. , Jan. 19, 2022 /PRNewswire/ -- The global metal and ceramic injection molding market is estimated to expand at a CAGR of 8.4% during the forecast period of 2021 to 2031, according to a study by Transparency Market Research (TMR).
The metal and ceramic injection molding market is anticipated to gain lucrative avenues in Asia Pacific , as automakers from several emerging economies of the region are increasing investments in researches focused on the metal injection molding, or MIM, technology.
Rising use of the MIM technology in automotive and aerospace sectors for the development of complex, high performance, and intact metal parts is translating into prominent sales avenues in the global metal and ceramic injection molding market.
The COVID-19 pandemic has impacted negatively on the growth of the global metal and ceramic injection molding market. Players operating in this market are utilizing different schemes offered by the BSFI sector and financial support provided by government authorities in order to stay sustained in the crucial situations due the pandemic.
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