Europe Metal Injection Molding (MIM) Market is expected to reach USD 2207.68 million by 2029, registering a CAGR of 12.1%

Data Bridge Market Research analyses that the metal injection molding (MIM) market was valued at USD 885.3 million in 2021 and is expected to reach USD 2207.68 million by 2029, registering a CAGR of 12.1% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Market Definition

Metal injection moulding (MIM) is a technique for producing metal products using injection technology. Metal injection moulding (MIM) combines the design versatility of injection moulding with the strength and integrity of wrought metals to offer cost-effective solutions for highly complex part geometries. The process included several steps, including feedstock preparation, injection moulding, binder removal, and sintering, which also included several steps. Several materials are used in powder form with binders to provide high strength to the metal products and increase their usage in handling heavy loads in the industry.

View Detailed Report : https://www.databridgemarketresearch.com/reports/europe-metal-injection-molding-mim-market

Opportunities

Rise in demand due to increase applications

Increasing applications of the powder injection molding is expected to deliver huge opportunities in the market. This technology is rapidly gaining demand from evolving applications such as alternative energy industries electrical and electromagnetic. Furthermore, growing use of powder injection molding technology in manufacturing many structures that can be molded in stators or armatures is further expected to drive the market growth of the metal injection molding (MIM).

Some of the major players operating in the metal injection molding (MIM) market are:
Indo-MIM (India)
Dynacast (U.S.)
ARC Group (U.S.)
Phillips-Medisize - a Molex Company (U.S.)
Rockleigh Industries (U.S.)
Smiths Metal Centres Limited (U.S.)
Dean Group (U.S.)
GKN Sinter Metals Engineering GmbH (Germany)
PSM industries (U.S)
Sintex A/S (Denmark)
CMG Technologies (U.K.)
Future Hi-Tech Batteries (China)
ATW Companies (U.S.)
Hitachi Metals, Ltd (Japan)
Parmaco Metal Injection Molding AG (Switzerland)
Europe Metal Injection Molding (MIM) Market Scope

The metal injection molding (MIM) market is segmented on the basis of material and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

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

Application

Aerospace
Automotive
Defense and Firearms
Electronics
Power Tools
Industrial
Sporting Goods
Medical and Dental
Oil Exploration
I.T.
Consumer Goods
Others

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