Metal Injection Molding Market Analysis, Region & Country Revenue Share, & Forecast

The global Metal Injection Molding Market was valued at US$ 2,458.68 million in 2019 and is projected to reach US$ 4,338.52 million by 2027; it is expected to grow at a CAGR of 7.5% from 2020 to 2027.

Metal injection molding is a flexible, cost effective, and innovative process that provides versatility to the product designers and production engineers while using metal alloys. Metal act as a good substitute for plastic and ceramics components that are incapable to perform as per requirement. Metal injection molding focusses on quality and precision, as well as the process is closely monitored to meet the requirements. When a metal alloy is chosen for a specific application, the geometry of the component gets limited by the cost of shaping operations. The metal injection molding helps in overcoming this issue with the formation of the net shape parts in the tool. The metal injection molding offer benefits such as resistance to wear & corrosion, thermal stability, high mechanical strength, and dimensional stability.

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Analysis of the Top Market Players:

1. Arc Group Worldwide
2. CMG Technologies
3. Dean Group International
4. Molex, LLC
5. INDO-MIM
6. MPP
7. Sintex A/S
8. Smith Metal Products
9. Shanghai Future Group
10. Form Technologies

In this report, the market has been segmented on the basis of:

Material (Stainless Steel, Low Alloy Steel, Soft Magnetic Material, and Others)
Industry Vertical (Automotive, Electrical and Electronics, Consumer Goods, Firearms and Defense, Medical and Orthodontics, and Others)

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Based on material, the global metal injection molding market is segmented into stainless steel, low alloy steel, soft magnetic material, and others. In 2019, stainless steel segment led the market. Stainless steel has good stiffness, wear, and corrosion resistance properties. It is widely used injection molding material. Stainless steel components that are employed in metal injection molding possess high wear & corrosion stability. The metal injection molding help in enhancing the strength, achieving high densities, corrosion resistance, and flexibility of stainless steels. These materials are produced from elementally blended or pre-alloyed stainless steels, including ferritic, austenitic, and precipitation hardening grades. The utilization of metal injection molding for stainless steel is steadily increasing in the automotive and medical instruments sector. The initial use and overall success of the metal-injection-molded orthodontic brackets demonstrated the corrosion resistance and biocompatibility of injection-molded stainless steel applications.

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