Metal Injection Molding Market Outlook 2023-2028: Top Manufactures, Cost Module, Growth(CAGR of 9.9% ), Sales Statistics, Revenue and Forecast
What is the Size of Metal Injection Molding Market ? :
IMARC Group’s latest research report,
titled “Metal Injection Molding Market: Global Industry Trends, Share, Size,
Growth, Opportunity and Forecast 2023-2028,” the global metal injection molding market size reached
US$ 3.9 Billion in 2022. Looking forward, IMARC Group expects the market to
reach US$ 7.1 Billion by 2028, exhibiting a growth rate (CAGR) of 9.9% during
2023-2028.
Metal Injection Molding Market Uses:
Metal injection molding (MIM)
represents advanced metalworking procedures wherein finely powdered metals are
mixed with binder materials for creating feedstocks, which are then solidified
and shaped using injection molding. They can be performed on numerous types of
materials, including stainless steel, low alloy steel, soft magnetic materials,
etc. Metal injection molding systems allow high volume and complex parts to be
shaped in a single step. They provide thermal and dimensional stability,
corrosion resistance, and high mechanical strength to small, finished metal products.
As a result, metal injection molding solutions find extensive applications
across various sectors, such as electrical, automotive, medical, consumer
products, firearms and defense, etc.
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Metal Injection Molding Market Production and Development:
The increasing production of
lightweight, precise, and high-quality motorized and vehicular parts in large
quantities, including steering, gearbox, locking mechanisms, turbochargers,
etc., is among the key factors driving the metal injection molding market. In
addition to this, the escalating deployment of the technology to manufacture
several surgical equipment, which include orthopedic tools, ablation
electrodes, endoscopic graspers, and trauma plates, is acting as another
significant growth-inducing factor. Besides this, the shifting preferences
among manufacturers from conventional metal molding procedures toward MIM in
order to complete operations at affordable rates and reduce the production time
and wastage of raw materials utilized in the making of feedstocks are also
positively influencing the global market. Moreover, the inflating investments
by leading players in research and development (R&D) activities for
introducing advanced MIM to facilitate the mass designing of complex-shaped
metal components are expected to bolster the metal injection molding market in
the coming years.
Key Players Included in Global Metal
Injection Molding Market Research Report:
- Amphenol Corporation
- ARC Group Worldwide Inc
- ATW Companies Inc
- CMG Technologies
- CN Innovations Ltd.
- Dean Group International Ltd
- Ernst Reiner GmbH & Co. KG
- Metal Powder Products LLC
- Parmaco Metal Injection Molding AG
- Sintex a/s
- Smith Metal Products
- Tanfel Metal
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Key Market Segmentation:
Breakup by Material Type:
- Stainless Steel
- Low Alloy Steel
- Soft Magnetic Material
- Others
Breakup by End Use Industry:
- Electrical and Electronics
- Automotive
- Medical and Orthodontics
- Consumer Products
- Firearms and Defense
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar,
Iraq, Other)
TOC for the Metal Injection Molding
Market Research Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Global Metal Injection Molding Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
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