South America Ceramic Injection Molding Market Forecast to 2028 - Regional Analysis - by Type (Alumina, Zirconia, and Others) and Industry Vertical (Industrial Machinery, Automotive, Healthcare, Electrical and Electronics, Consumer Goods, and Others)

South America Ceramic Injection Molding Market Forecast to 2028 - Regional Analysis - by Type (Alumina, Zirconia, and Others) and Industry Vertical (Industrial Machinery, Automotive, Healthcare, Electrical and Electronics, Consumer Goods, and Others)

The South America ceramic injection molding market was valued at US$ 10.79 million in 2022 and is expected to reach US$ 16.53 million by 2028; it is estimated to grow at a CAGR of 7.4% from 2022 to 2028.

Tremendous Expansion of Healthcare Industry fuel the South America Ceramic Injection Molding Market

The development and growth in the medical and healthcare sectors are escalating the industry demand. Ceramic injection molding is used to manufacture various medical components such as prosthetic replacements, dental implants, endoscopic tools, tweezers, and scissors. Rising dental implant applications in several therapeutic areas, coupled with the escalating demand for prosthetics, are considered to create market opportunities. The increasing number of dental injuries due to sports injuries and road accidents are also regarded as some of the significant factors favoring the demand for dental implants. Furthermore, the high demand for minimally invasive cosmetic surgery across developed and developing regions is projected to propel the market growth. Changing lifestyles and increased beauty consciousness stimulate the demand for cosmetic procedures, which is anticipated to augment cosmetic surgeries' growth. As per the ‘Plastic Surgery Statistics Report’ published by the American Society of Plastic Surgeons, nearly 15.6 million cosmetic procedures were conducted in 2020. Thus, it is projected that the rapidly expanding healthcare and medical sectors will likely drive the growth of ceramic injection molding market in the coming years.

South America Ceramic Injection Molding Market Overview

The South America ceramic injection molding market is segmented into Brazil, Argentina, and Rest of South America. The ceramic injection molding market in the region is expected to witness a notable growth owing to the presence of well-established automotive industry coupled with rising demand for ceramic items among consumers. The automotive industry in Brazil is growing at a rapid pace. Ceramic injection molded components are widely used in the automobiles in valve components, turbo rotors, swirl chambers, valve seats, radial rotors, among others. Thus, the presence of well-established automotive industry in the region provides strong growth potential to the ceramic injection molding market.

South America Ceramic Injection Molding Market Revenue and Forecast to 2028 (US$ Million)

South America Ceramic Injection Molding Market Segmentation

The South America ceramic injection molding market is segmented based on type, industry vertical, and country. Based on type, the South America ceramic injection molding market is segmented into alumina, zirconia, and others. The alumina segment held the largest market share in 2022.

Based on industry vertical, the South America ceramic injection molding market is segmented into industrial machinery, automotive, healthcare, electrical and electronics, consumer goods, and others. The healthcare segment held the largest market share in 2022.

Based on country, the South America ceramic injection molding market is segmented into Brazil, Argentina, and the Rest of South America. Brazil dominated the South America ceramic injection molding market share in 2022.

MICRO; INMATEC; WITTMANN Technology GmbH; and Morgan Advanced Materials are some leading of the leading players operating in the South America ceramic injection molding market.

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