Press release
Metal Injection Molding (MIM) Market is expected to grow at a CAGR of 11.7% during the forecast period of 2023-2030 : Cognitive Market Research
Metal Injection Molding (MIM) Market is expected to grow at a CAGR of 11.7% during period of 2023-2030 : Cognitive Market Research
- Metal injection molding (MIM) is a metalworking process in which finely-powdered metal is mixed with binder material to create a feedstock that is then shaped and solidified using injection molding. Due to this, MIM is sometimes referred to as Powder Injection Molding (PIM). This process allows high-volume, complex parts to be shaped in a single step. The powder is melted and injected into a mold using a typical injection molding process, where it cools and hardens into the shape of the desired object. A high-density metal component is created after additional heating procedures remove the undesired polymer.
Summary:
- The global metal injection molding market size was valued at USD 3.8 billion in 2022 and is expected to register a revenue CAGR of 11.7% during the forecast period 0f 2023-2030. Further, Asia Pacific is dominating region for the metal injection molding market.
"To know more The Metal Injection Molding Market statistics click here: https://www.cognitivemarketresearch.com/metal-injection-molding-market-report
Market Dynamics
- Increasing mass production from end-use industries such as automotive, and electronics, among others, and increasing adoption of this process for accurate shapes and sizes, are propelling the growth of the market. The rising demand for Electric Vehicles and initiatives taken by governments of various countries for the adoption of EVs is leading to rising demand for automotive components, which leads to the growth of the metal injection molding market. Further, technical advancements can create opportunities for the metal injection molding market. However, this process is expensive for small production units, which can hamper the growth of the market.
Market Segmentation:
Material
• Stainless Steel
• Low Alloy Steel
• Carbon Steel
• Soft Magnetic Alloy
• Cobalt Alloy
• Tool Steel
• Tungsten Steel
• Titanium
• Controlled Expansion Alloys
• High-Temperature Alloys
• Carbonyl Iron Powder
• Others
End Users
• Electrical & Electronics
• Automotive
• Medical
• Aerospace
• Firearms & Defense
The Electrical & electronics segment is further classified into, fiber optic connectors, filter components, heat sinks, micro-switches, connectors, and others. Further, the automotive segment is bifurcated into electrical systems, fuel system interiors, powertrains, safety systems, and others. In addition, the medical segment is classified into surgical instruments, orthopedic, implants, and others. The aerospace segment includes fasteners, screws, seatbelt components, bushings, rotors, and others.
The Major Players in Metal Injection Molding Market are:
Indo-MIM, Form Technologies, Schunk, ARC Group, ASH Industries, NIPPON PISTON RING, CMG Technologies, Praxis Powder Technology, Sintex, Smith Metal Products, GIAN, MPP, Future High-tech, Shin Zu Shing, AMT, Dou Yee Technologies
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News
- Argon Medical Devices, Inc. Acquired Matrex Mold and Tool, Inc. (December 2021)
Argon Medical Devices, Inc., a manufacturer of medical devices for interventional procedures, announced the acquisition of Wisconsin-based Matrex Mold and Tool, Inc., a custom mold manufacturer for plastic injection molding. Matrex produces metal injection production and prototype molds for the medical device, residential, and automotive industries.
Regional Analysis:
- Asia Pacific is dominating region for the market and is also anticipated to register a significant growth rate during the forecast period, owing to the rising automotive, aerospace, and electrical & electronics sectors in developing economies like India and China. In addition, several market players of this market have manufacturing plants in the APAC region, which is also fuelling the market growth. On the other hand, North America is estimated as the second-largest market for metal injection molding. This is due to the adoption of advanced technologies in aerospace industries and the strong presence of major automobile manufacturers in this region.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Metal Injection Molding Market
Chapter 4 Global Metal Injection Molding Market Overview
• 4.1 Metal Injection Molding Introduction
• 4.2 Global Metal Injection Molding Market Statistics by Regions (2018-2030)
4.2.1 North America Metal Injection Molding Market Share, Status and Prospect (2018 - 2030)
4.2.2 Europe Metal Injection Molding Market Share, Status and Prospect (2018 - 2030)
4.2.3 Asia Pacific Metal Injection Molding Market Share, Status and Prospect (2018 - 2030)
4.2.4 Latin America Metal Injection Molding Market Share, Status and Prospect (2018 - 2030)
4.2.5 Middle East and Africa Metal Injection Molding Market Share, Status and Prospect (2018 - 2030)
Chapter 5 Competitive Analysis (Subject to Availability)
• 5.1 Global Metal Injection Molding Market Revenue and Share by Manufacturers (2018-2022)
• 5.2 Global Metal Injection Molding Industry Mergers and Acquisition Analysis
• 5.2 Global Metal Injection Molding New Launches Analysis
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Metal Injection Molding Market by Material Segmentation Analysis (2018-2030)
Chapter 9 Global Metal Injection Molding Market by End-User Segmentation Analysis (2018-2030)
Chapter 10 Global Metal Injection Molding Market Regional Analysis
Chapter 11 North America Metal Injection Molding Market Outlook (2018 - 2030)
Chapter 12 Europe Metal Injection Molding Market Outlook (2018 - 2030)
Chapter 13 Asia Pacific Metal Injection Molding Market Outlook (2018 - 2030)
Chapter 14 Latin America Metal Injection Molding Market Outlook (2018 - 2030)
Chapter 15 Middle East and Africa Metal Injection Molding Market Outlook (2018 - 2030)
Chapter 16 Research Findings
To know more Metal Injection Molding Market TOC click here: https://www.cognitivemarketresearch.com/metal-injection-molding-market-report#table_of_contents
Related Reports
• Injection Molding Machine Market - https://www.cognitivemarketresearch.com/injection-molding-machine-market-report
• Polymer Microinjection Molding Market - https://www.cognitivemarketresearch.com/polymer-microinjection-molding-market-report
• Metal and Ceramic Injection Molding Market - https://www.cognitivemarketresearch.com/metal-and-ceramic-injection-molding-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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