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Growing Demand for Stainless Steel in Healthcare Industry Fillips Metal Injection Molding Fabrication Market
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The global metal injection molding fabrication market is growing steadily over the years owing to the wide range of applications in consumer electronics, automotive, firearms and medical. Power injection molding mechanism is mainly used in producing plastic. In metal injection, a polymer and an inorganic material are used as feedstock for molding process. Although, a metal is mostly used as feedstock in case of metal injection molding or MIM.
Metal injection molding fabrication has a wide range of application starting from powder metallurgy to plastic injection molding technology. The process helps in producing complex and small-shaped parts from alloy or metal powders, which show properties such as wrought and machined metal. Many conventional production processes such as press sintering, machining, and low-wax casting are successfully replaced by metal injection molding. Materials such as nickel alloys, low-carbon steels, titanium alloys, ceramics, and tungsten alloys are highly suitable for metal injection molding parts.
Growing demand for stainless steel, increasing usage of stainless steel in automotive and healthcare industries, and rapid industrialization are the factors driving the global metal injection molding fabrication market. In healthcare industry, stainless steels are extensively used in producing tiny materials for medical cameras, X-ray machines, MRI, and various surgical tools. Increasing adoption of automotive fuel-injectors in automotive industries fuels demand for MIM products, which in turn boosting the global metal injection molding fabrication market.
Furthermore, a trend towards miniaturization combined with the demand for developing newer components with increased mechanical strength is also propelling the global metal injection molding fabrication market. Along with these, growing need for MIM products in police pistols, computer peripherals, shot gun trigger guards, and rotors for stepper motors are also thrusting the growth in the global metal injection molding fabrication market.
Region wise, North America is leading the global metal injection molding fabrication market as the region has seen rapid industrialization. Growing demand for MIM products in medical and orthodontics, firearms and defense, electronics, and consumer products are responsible for fueling the metal injection molding fabrication market in the region.
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Some of the prominent players in the global metal injection molding fabrication market are Abbott Furnace, Dou Yee Technologies, Netshape technologies, OBE GmbH, and Phillips-Medisize.
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