openPR Logo
Press release

Metal Injection Molding Market Outlook & Forecast [2028]

01-24-2024 05:40 AM CET | Industry, Real Estate & Construction

Press release from: TechSci Research Pvt Ltd

Global Metal Injection Molding Marketย stood at USD 1.78 billion in 2022 and will attain USD 3.35 billion by 2028 with a CAGR of 7.

Global Metal Injection Molding Marketย stood at USD 1.78 billion in 2022 and will attain USD 3.35 billion by 2028 with a CAGR of 7.

According to TechSci Research report, "๐Œ๐ž๐ญ๐š๐ฅ ๐ˆ๐ง๐ฃ๐ž๐œ๐ญ๐ข๐จ๐ง ๐Œ๐จ๐ฅ๐๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ - Global Industry Size, Share, Trends, Opportunity, and Forecast 2018-2028", the Global Metal Injection Molding Market is expected to register robust growth during the forecast period owing to a surge in demand in electronics and electrical, healthcare industry driven by technological advancements and the need for lightweight and smaller automotive parts. Also, The Global Metal Injection Molding Market ๐š๐œ๐ก๐ข๐ž๐ฏ๐ž๐ ๐š ๐ฏ๐š๐ฅ๐ฎ๐š๐ญ๐ข๐จ๐ง ๐จ๐Ÿ ๐”๐’๐ƒ ๐Ÿ.๐Ÿ•๐Ÿ– ๐›๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐ง ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ ๐š๐ง๐ ๐ข๐ฌ ๐ฉ๐ซ๐จ๐ฃ๐ž๐œ๐ญ๐ž๐ ๐ญ๐จ ๐š๐ญ๐ญ๐š๐ข๐ง ๐”๐’๐ƒ ๐Ÿ‘.๐Ÿ‘๐Ÿ“ ๐›๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐›๐ฒ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ–, ๐ซ๐ž๐Ÿ๐ฅ๐ž๐œ๐ญ๐ข๐ง๐  ๐š ๐‚๐จ๐ฆ๐ฉ๐จ๐ฎ๐ง๐ ๐€๐ง๐ง๐ฎ๐š๐ฅ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐‘๐š๐ญ๐ž (๐‚๐€๐†๐‘) ๐จ๐Ÿ ๐Ÿ•.๐Ÿ“๐Ÿ% ๐๐ฎ๐ซ๐ข๐ง๐  ๐ญ๐ก๐ž ๐Ÿ๐จ๐ซ๐ž๐œ๐š๐ฌ๐ญ ๐ฉ๐ž๐ซ๐ข๐จ๐. This market growth is primarily fuelled by the ability of metal injection molding (MIM) to produce high volumes of precision components, making it increasingly popular in the medical sector. The capabilities of MIM contribute to the creation of features for modern medical device products.

In an era where industries demand increasingly compact and intricate components, Metal Injection Molding (MIM) presents a distinctive advantage for manufacturing highly precise parts. MIM excels in producing intricate shapes with narrow tolerances, making it ideal for applications that necessitate miniaturization, such as electronics, medical devices, and aerospace. MIM offers the potential to customize components according to specific customer requirements, empowering manufacturers to penetrate niche markets with tailored solutions. This adaptability caters to industries with unique demands, including luxury goods, precision instruments, and specialized machinery.

๐๐ซ๐จ๐ฐ๐ฌ๐ž ๐จ๐ฏ๐ž๐ซ ๐—๐— ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐๐š๐ญ๐š ๐…๐ข๐ ๐ฎ๐ซ๐ž๐ฌ ๐ฌ๐ฉ๐ซ๐ž๐š๐ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก ๐—๐— ๐๐š๐ ๐ž๐ฌ ๐š๐ง๐ ๐š๐ง ๐ข๐ง-๐๐ž๐ฉ๐ญ๐ก ๐“๐Ž๐‚ ๐จ๐ง ๐ญ๐ก๐ž "Global Metal Injection Molding Market." @ https://www.techsciresearch.com/report/global-metal-injection-moulding-market/2251.html

The Global Metal Injection Molding Market is segmented based on material type, end-use industry, and region. Based on material type, the market is bifurcated into wood, ceramic, metal, fiber cement, and others. Based on the end-use industry, the market is bifurcated into residential and non-residential. Based on region, the market is further bifurcated into North America, Asia-Pacific, Europe, South America, Middle East & Africa. Based on material type, the Stainless Steel segment is expected to dominate the market during the forecast period.

Stainless steel MIM components often necessitate meticulous sintering processes to attain the desired mechanical properties while upholding corrosion resistance. Certain stainless steel alloys may incur higher costs, impacting overall component expenses.

Advancements in MIM technology are facilitating the production of intricate stainless steel components with precise geometries and enhanced mechanical properties. The recyclability of stainless steel is renowned, contributing to sustainable practices in the MIM industry. The Stainless Steel segment within the Global Metal Injection Molding Market is anticipated to witness growth as industries continue to seek components that offer a blend of mechanical strength, corrosion resistance, and aesthetic appeal.

Based on the end-use industry, the Electrical & Electronics segment is projected to dominate the market throughout the forecast period. The demand for MIM components in the Electrical & Electronics sector is fueled by the necessity for miniaturization, enhanced performance, and increased functionality of electronic devices and systems. The remarkable ability of MIM to manufacture intricate and small parts with exceptional dimensional accuracy perfectly aligns with the industry's requirements. MIM is extensively employed in the production of small connectors, pins, and contacts with intricate shapes and precise dimensions.

These MIM components find applications in switches, sensors, and actuator mechanisms, which are integral to various electronic devices. Furthermore, MIM plays a vital role in manufacturing components for microelectronic packaging, ensuring efficient heat dissipation and reliable electrical connections. The selection of materials in the Electrical & Electronics sector is based on their conductivity, thermal properties, and compatibility with electronic systems. As technology continues to advance, propelling the demand for compact, efficient, and high-performance components, the Electrical & Electronics segment within the Global Metal Injection Molding Market is anticipated to experience significant growth.0

๐Š๐ž๐ฒ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ฉ๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐†๐ฅ๐จ๐›๐š๐ฅ ๐Œ๐ž๐ญ๐š๐ฅ ๐ˆ๐ง๐ฃ๐ž๐œ๐ญ๐ข๐จ๐ง ๐Œ๐จ๐ฅ๐๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐š๐ซ๐ž:-
1. Tata Steel Ltd
2. Compagnie de Saint Gobain SA
3. Etex Group
4. Kingspan Group
5. James Hardie Industries PLC
6. Boral Limited
7. CSR Building Products
8. Nichiha Corporation
9. Cembrit Holding AS
10. OmniMax International, Inc.

๐“๐จ ๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐…๐‘๐„๐„ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐š๐ ๐ž๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐Ÿ“ฅ @ https://www.techsciresearch.com/sample-report.aspx?cid=2251

๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ž๐ซ๐ฌ ๐œ๐š๐ง ๐š๐ฅ๐ฌ๐จ ๐ซ๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐Ÿ๐จ๐ซ ๐Ÿ๐ŸŽ% ๐Ÿ๐ซ๐ž๐ž ๐œ๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ.

"Asia Pacific is expected to dominate the market during the forecast period. Asia Pacific's renowned reputation for efficient and cost-effective manufacturing serves as a prominent catalyst for the growth of the MIM market. The region's expertise in high-volume production of intricate components aligns seamlessly with the capabilities of MIM technology. Moreover, the increasing healthcare expenditures and demand for medical devices in Asia Pacific present significant opportunities for MIM in the production of components for surgical instruments, orthopedics, dental tools, and other applications. Notably, MIM technology's remarkable ability to manufacture complex shapes and intricate geometries complements the region's ongoing trend towards miniaturization in electronics and precision engineering." said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

"๐Œ๐ž๐ญ๐š๐ฅ ๐ˆ๐ง๐ฃ๐ž๐œ๐ญ๐ข๐จ๐ง ๐Œ๐จ๐ฅ๐๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ - ๐†๐ฅ๐จ๐›๐š๐ฅ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐’๐ข๐ณ๐ž, ๐’๐ก๐š๐ซ๐ž, ๐“๐ซ๐ž๐ง๐๐ฌ, ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ, ๐š๐ง๐ ๐…๐จ๐ซ๐ž๐œ๐š๐ฌ๐ญ, ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ–-๐Ÿ๐ŸŽ๐Ÿ๐Ÿ–, ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐ž๐ ๐๐ฒ ๐Œ๐š๐ญ๐ž๐ซ๐ข๐š๐ฅ ๐“๐ฒ๐ฉ๐ž (๐’๐ญ๐š๐ข๐ง๐ฅ๐ž๐ฌ๐ฌ ๐’๐ญ๐ž๐ž๐ฅ, ๐‹๐จ๐ฐ ๐€๐ฅ๐ฅ๐จ๐ฒ ๐’๐ญ๐ž๐ž๐ฅ ๐š๐ง๐ ๐’๐จ๐Ÿ๐ญ ๐Œ๐š๐ ๐ง๐ž๐ญ๐ข๐œ ๐Œ๐š๐ญ๐ž๐ซ๐ข๐š๐ฅ), ๐๐ฒ ๐„๐ง๐-๐ฎ๐ฌ๐ž ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ (๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž, ๐Œ๐ž๐๐ข๐œ๐š๐ฅ & ๐‡๐ž๐š๐ฅ๐ญ๐ก๐œ๐š๐ซ๐ž, ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ๐š๐ฅ & ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐จ๐ง๐ข๐œ๐ฌ ๐š๐ง๐ ๐Ž๐ญ๐ก๐ž๐ซ๐ฌ), ๐๐ฒ ๐‘๐ž๐ ๐ข๐จ๐ง, ๐‚๐จ๐ฆ๐ฉ๐ž๐ญ๐ข๐ญ๐ข๐จ๐ง," has evaluated the future growth potential of Global Metal Injection Molding Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers make sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Metal Injection Molding Market.

๐˜๐จ๐ฎ ๐ฆ๐š๐ฒ ๐š๐ฅ๐ฌ๐จ ๐ซ๐ž๐š๐:
๐ƒ๐ข๐ฌ๐ญ๐ž๐ฆ๐ฉ๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ [๐Ÿ๐ŸŽ๐Ÿ๐Ÿ–] - ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ, ๐“๐ซ๐ž๐ง๐๐ฌ, & ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ @ https://www.techsciresearch.com/report/distemper-market/20422.html

๐‘๐จ๐š๐ ๐‡๐š๐ฎ๐ฅ๐š๐ ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ | [๐Ÿ๐ŸŽ๐Ÿ๐Ÿ–] ๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ข๐ง๐  ๐๐จ๐ญ๐ž๐ง๐ญ๐ข๐š๐ฅ, ๐†๐ซ๐จ๐ฐ๐ญ๐ก, ๐…๐ฎ๐ญ๐ฎ๐ซ๐ž & ๐“๐ซ๐ž๐ง๐๐ฌ @ https://www.techsciresearch.com/report/road-haulage-market/20426.html

๐”๐ง๐๐ž๐ซ๐ฐ๐š๐ญ๐ž๐ซ ๐‚๐จ๐ง๐œ๐ซ๐ž๐ญ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ | [๐Ÿ๐ŸŽ๐Ÿ๐Ÿ–] ๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก, ๐๐จ๐ญ๐ž๐ง๐ญ๐ข๐š๐ฅ, ๐“๐ซ๐ž๐ง๐๐ฌ@ https://www.techsciresearch.com/report/underwater-concrete-market/20430.html

๐“๐š๐›๐ฅ๐ž ๐จ๐Ÿ ๐‚๐จ๐ง๐ญ๐ž๐ง๐ญ-๐Œ๐ž๐ญ๐š๐ฅ ๐ˆ๐ง๐ฃ๐ž๐œ๐ญ๐ข๐จ๐ง ๐Œ๐จ๐ฅ๐๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ
1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

Research Methodology
2.1. Baseline Methodology

2.2. Key Industry Partners

2.3. Major Association and Secondary Sources

2.4. Forecasting Methodology

2.5. Data Triangulation & Validation

2.6. Assumptions and Limitations

Executive Summary
Impact of COVID-19 on Global Metal Injection Molding Market
Voice of Customer
Global Metal Injection Molding Market Overview
Global Metal Injection Molding Market Outlook
7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Material Type (Stainless Steel, Low Alloy Steel and Soft Magnetic Material)

7.2.2. By End-use Industry (Automotive, Medical & Healthcare, Electrical & Electronics and Others)

7.2.3. By Region (North America, Europe, South America, Middle East & Africa, Asia Pacific)

7.3. By Company (2022)

7.4. Market Map

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ
TechSci Research LLC
420 Lexington Avenue,
Suite 300, New York,
United States- 10170
๐“๐ž๐ฅ: +13322586602
๐„๐ฆ๐š๐ข๐ฅ: sales@techsciresearch.com
๐–๐ž๐›๐ฌ๐ข๐ญ๐ž: https://www.techsciresearch.com

TechSci Research is a research based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Metal Injection Molding Market Outlook & Forecast [2028] here

News-ID: 3360545 • Views: โ€ฆ

More Releases from TechSci Research Pvt Ltd

India AI in Medical Diagnostics Market Future Outlook (2024-2030)
India AI in Medical Diagnostics Market Future Outlook (2024-2030)
India AI in Medical Diagnostics Market Outlook The India AI in Medical Diagnostics Market, valued at USD 12.87 million in 2024, is poised for significant growth, with a projected compound annual growth rate (CAGR) of 23.10% from 2020 to 2030, reaching an estimated USD 44.87 million by 2030. This robust expansion is driven by the increasing adoption of artificial intelligence (AI) solutions in healthcare, a rising demand for early and accurateโ€ฆ
The Future of Robotic Healthcare Market in India
The Future of Robotic Healthcare Market in India
India Surgical Robotics Market Outlook The India Surgical Robotics Market, valued at USD 24.72 million in 2024, is on a trajectory of significant growth, projected to reach USD 44.91 million by 2030, driven by a robust compound annual growth rate (CAGR) of 10.42%. This expansion is underpinned by a confluence of factors, including the rising demand for minimally invasive surgeries, advancements in robotic technologies, and the rapid development of healthcare infrastructureโ€ฆ
India Medical Lasers Market: Growth, Trends, and Challenges (2020-2030)
India Medical Lasers Market: Growth, Trends, and Challenges (2020-2030)
The India Medical Lasers Market is poised for significant growth, projected to expand at a compound annual growth rate (CAGR) of 12.90%, rising from USD 31.20 million in 2024 to USD 64.75 million by 2030. This robust growth is driven by increasing demand for minimally invasive procedures, a rising prevalence of chronic diseases, and supportive government initiatives such as Ayushman Bharat and Make in India. These programs are enhancing healthcareโ€ฆ
India Pneumococcal Vaccine Market Report Outlook 2030 by TechSci Research
India Pneumococcal Vaccine Market Report Outlook 2030 by TechSci Research
Market Outlook: India Pneumococcal Vaccine Market The India pneumococcal vaccine market is projected to grow from USD 32.52 million in 2024 to USD 48.67 million by 2030, reflecting a CAGR of 6.91%. Growth is being driven by strong government initiatives, such as the inclusion of the Pneumococcal Conjugate Vaccine (PCV) in the Universal Immunization Programme (UIP), rising awareness about pneumonia-related mortality-especially in children-and enhanced local production by domestic manufacturers. Support from internationalโ€ฆ

All 5 Releases


More Releases for MIM

Metal Powder Injection Molding (MIM) Market Size, Key Market Insights, Opportuni โ€ฆ
LOS ANGELES, United States: The report is a brilliant presentation of a highly detailed, comprehensive, and accurate research study on the global Metal Powder Injection Molding (MIM) market. The research study explores some of the important aspects of the global Metal Powder Injection Molding (MIM) market and shows how different factors such as price, competition, market dynamics, regional expansion, gross margin, and consumption are impacting market growth. The report includesโ€ฆ
Metal Injection Molding (MIM) Market: A Comprehensive Overview
Metal Injection Molding (MIM) is revolutionizing the manufacturing industry by combining the benefits of plastic injection molding with the unique properties of metals. This process allows for the production of complex, high-precision metal parts that are both cost-effective and efficient. As industries increasingly demand high-quality, intricately designed metal components, the MIM market has witnessed significant growth. Browse More About This Research Report @ https://www.databridgemarketresearch.com/reports/global-metal-injection-molding-mim-market Overview Metal Injection Molding is a manufacturing techniqueโ€ฆ
Metal Injection Moulding (MIM) Technology Market Size in 2023 To 2029 | OPTIMIM, โ€ฆ
This report provides an in-depth analysis of the global market's competitive landscape, focusing on key players operating in the Metal Injection Moulding (MIM) Technology industry. It offers a comprehensive overview of their performance, highlighting important details such as market value, status, and revenue. By examining these factors, stakeholders gain valuable insights into the competitive advantages of the market. The report delves into the strategies and performance of major competitors, presentingโ€ฆ
AMTMIM Shifting Production to New MIM Plant in Jiangsu
Some of the old plant's business was transferred from Dongguan, in 2017, AMTMIM established a new MIM plant in Jiangsu, China. The new MIM plant in Jiangsu, China, started up last September. AMTMIM recently said it designed the operation to serve the region's automotive, consumer electronics, and telecommunications manufacturers. AMTMIM manages its own 20,000 square meters modern manufacturing facility, though to date it operates ten injection molding machines, eight vacuum sinteringโ€ฆ
Metal Injection Molding Parts (MIM Parts) Market is Projected to Gain Significan โ€ฆ
The Metal Injection Molding Parts (MIM Parts) Market research report Forcast 2023-2030 provides in-depth information on market trends, market capacity, industry size, growth factors, share, innovations, competitive environment, business problems, and more. This report's historical data confirms demand growth on a global, national, and regional scale. The studies on the global industry cover everything from comprehensive research to market size and forecasting to dynamics, growth factors, prospects, and hazards, asโ€ฆ
Metal Injection Molding Parts (MIM Parts) Market Size 2022 By Top Key Players - โ€ฆ
A three-dimensional CAD model is used as the basis for the metal injection moulding (MIM) manufacturing process, which produces parts using metal powder and a binder. In a hopper, the binder and metal powder are mixed, and the resulting material is then injected into a mould. The part is expelled from the mould after the mould has been heated until the binder has dried. When standard machining or casting wouldโ€ฆ