DUBLIN–(BUSINESS WIRE)–The “Ceramic Injection Molding – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Amid the COVID-19 crisis, the global market for Ceramic Injection Molding estimated at US$396 Million in the year 2020, is projected to reach a revised size of US$651.5 Million by 2027, growing at a CAGR of 7.4% over the analysis period 2020-2027.
Alumina, one of the segments analyzed in the report, is projected to record a 7.2% CAGR and reach US$312.2 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Zirconia segment is readjusted to a revised 8.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $117 Million, While China is Forecast to Grow at 6.9% CAGR
The Ceramic Injection Molding market in the U.S. is estimated at US$117 Million in the year 2020. China, the world’s second largest economy, is forecast to reach a projected market size of US$114 Million by the year 2027 trailing a CAGR of 6.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.8% and 6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 6.1% CAGR.
Other Materials Segment to Record 6.9% CAGR
In the global Other Materials segment, USA, Canada, Japan, China and Europe will drive the…