Analysis of Metal Injection Molding Market: Rising Demand for Miniaturized Composite Elements is Driving the Growth of Industry – Reviewed till 2027
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Metal Injection Molding- Drivers
Rising demand for miniaturized composite elements that are used as a high performance materials in several end-use industries is one of the most significant factors, which is driving the growth of metal injection molding market during the projected period. Moreover, rising demand for various medical equipment is also responsible in fueling the demand for metal injection molding. These metal injection molding are used in manufacturing of medical micro-parts to be utilized in several medical techniques and procedures. Few vascular therapies and some other medical procedures such as intravenous therapy, invasive surgery and advanced drug delivery require accurate equipment which are manufactured by using the method of state of the art. Specialized manufacturing methods are required to give intricate shape to medical devices. Metal injection molding have the ability to give such shapes, which is supporting the growth of mental injection molding market.
Metal Injection Molding- Regional Outlook
At a global level, Asia-Pacific region is presently dominating the metal injection molding market. The market for metal injection molding has a remarkable presence in automotive industry where manufacturers of machine and machine component grab dominant market share. Asia Pacific region has a good presence of automotive industry and that’s the reason the market for metal injection molding is flourishing in Asia Pacific region. The market for metal injection molding in North America region is dominated by the application such as healthcare and medical. Therefore it is anticipated that the regional metal injection molding market differs on wider spectrum owing to differences in technology along with the disparity in the growth of end-use industries in respective regions.
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Metal Injection Molding- Key Players
CMG Technologies in UK, Indo-MIM in India, Dean Group International in US, Dynacast International in US, Phillips-Medisize in US, NetShape Technologies in US, ARC Group Worldwide in US, and Smith Metal Products in US are some of the key players that are functioning in the metal injection molding market.
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