Metal Injection Molding Market Share

Global Metal Injection Molding Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Metal Injection Molding Market size is estimated to reach ~USD 16 Billion by the end of 2035 by growing at a CAGR of ~10.83% over the forecast period, i.e., 2023 – 2035. In addition to this, in the year 2022, the market size of metal injection molding was ~USD 5 Billion. The growth of the market can be attributed to the increasing demand from various end-user industries. Further, technical advancements in the field are also estimated to contribute to the growth of the market in the forecast period. For instance, In 2021, metal powder products announced that it had completed the acquisition of Proform Powdered Metals, based in the U.S. It is a leading provider of high-quality sintered bronze bearings and spacers.

In addition to these, factors that are believed to fuel the metal injection molding market growth of metal injection molding include the rise in demand from the automobile sector. Injection molding service providers are offered opportunities in the automotive industry as a result of the introduction of electric vehicles around the world. The components used for brakes, clutch systems, and driving trains are parts made using injection molding which includes gears, seals, and magnets. In addition, during the forecast period, it is expected that demand for replacing metal components with plastic parts in cars will increase. It is estimated that the EV industry is worth more than $250 billion and this is predicted to grow in the forecast period.

Global Metal Injection Molding Market: Growth Drivers and Challenges

Growth Drivers

Growing Demand and Benefits of Wood Grain Powder Coating – This technology does not require costly multistage machining processes in order to operate and reduces the product development cycle. In addition, it provides metal parts with detailed product designs. The manufacture of components with a wide variety of shapes and precision tolerances is also possible. Furthermore, it is capable of offering a higher density, tolerance, surface treatment, and branding factor to the customer. The wood grain powder coating market is estimated to reach USD 9000 million by 2022.
Rising Technical Advancements and Novel Designs – The MIM process enables the highest precision to be obtained from a final product, no matter how complex its design is. Also, precise tolerances can be produced in the production of components. The MIM design is virtually limitless in comparison to traditional metalworking techniques. For instance, improved mechanical properties of MIM biodegradable Fe-Mn alloy with a low C addition were recently launched.
Increasing Demand for Metal Injection Molding in Healthcare – The new EP62HT1RM is a two-component epoxy with superior resistance to heating and chemicals, which withstands further harsh sterilization.
Increasing Mergers and Acquisitions to Drive the Market – It is expected that increasing mergers and collaborations between key players in the industry contributes to the growth of the metal injection molding market in the forecast period. In 2021, metal powder products announced that it had completed the acquisition of Proform Powdered Metals, based in the U.S. It is a leading provider of high-quality sintered bronze bearings and spacers.

Challenges

Fluctuations in raw materials - The increasing concern amongst individuals for the side effects associated with the consumption of IBS drugs is one of the major factors predicted to slow down the market growth. For instance, pancreatitis, a serious and more common pancreatic inflammation, can arise from the dual mu-opioid nicotinic receptor eluxadoline, which is employed to address digestive problems with incontinence in some people.
Lack of skilled professionals
Stringent government regulations

Global Metal Injection Molding Market Segmentation

The global metal injection molding market is segmented and analyzed for demand and supply by material into stainless steel, low alloy steel, and soft magnetic materials. Out of the three types of metal injection molding, the stainless steel segment is estimated to gain the largest market share of about ~38% in the year 2035. The growth of the segment can be attributed to the increasing and widespread application of stainless steel in a variety of end-use industries. Metal injection molding with a material of stainless steel combining high strength, hardness, and wear resistance in moderate corrosion has been launched by companies. In particular, Optimum launched a new range of products with good strength, hardness, and wear resistance on the market in 2019. The segment is expected to experience significant growth, as stainless steel molds with high heat transfer capability and excellent conductivity are foreseen to aid market expansion over the coming years. All these factors are estimated to contribute to the growth of the market growth in the forecast period.

The global metal injection molding market is also segmented and analyzed for demand and supply by end-user into electrical & electronics, automotive, consumer, industrial, and others. Amongst these five segments, the automotive segment is expected to garner a significant share in the year 2035. The demand for injection molded metal parts has also increased in the automobile sector. Engines, transmission gears, turbochargers, lock mechanisms, steering systems, and electronic systems are equipped with high-strength and heavy-complexity parts. For example, metal injection molded rocker arms are produced by Schunk GmbH in Germany. These are BMW engines using these weapons. A hollow configuration, reducing the weight which is difficult to achieve by other processes, was used. This, as a result, is anticipated to create numerous opportunities for the growth of the segment in the coming years.

Our in-depth analysis of the global metal injection molding market includes the following segments:

By Material	Stainless Steel Low Alloy Steel Soft Magnetic Material
By End User	Electrical & Electronics Automotive Consumer Industrial Others

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

Global Metal Injection Molding Market Regional Synopsis

The market share of metal injection molding in Asia Pacific, amongst the market in all the other regions, is projected to be the largest with a share of about ~38% by the end of 2035. The growth of the metal injection molding market can be attributed majorly to the increasing growth of the region's market is growing interest in miniaturizing consumer electronics and an expanding automotive industry around the world. In this region, as a consequence of the fact that major players from the Asia Pacific have set up their manufacturing facilities there, labor costs are lower than elsewhere. For instance, BASF has set up a new manufacturing facility at the Kuanyin site in Taiwan with the purpose of producing Catamolds. Furthermore, a new Technical Service Laboratory has been set up at the BASF MIM feedstocks business in Shanghai, China. In Pudong, a new Technical Service Laboratory for Catamold is established at the BASF Innovation Campus in Asia Pacific to provide technical support and customer training. The sector is driven by rapid industrialization, technological progress, high GDP growth rates and a growing demand from the automotive, consumer durables and machine tools sectors. All these factors are expected to contribute to the growth of the market in the forecast period.

The North American metal injection molding market is estimated to be the second largest, registering a share of about ~25% by the end of 2035. The growth of the market can be attributed majorly to the increasing collaboration, joint ventures and strategies by market players which will benefit organizations in terms of improving their product offering on Metal Injection Molding. Tozmetal Ticaret Ve Sanayi AS became the property of GKN Sinter Metal Engineering GmbH on June 2017. This is estimated to contribute to the growth of the market in the forecast period.

Further, the market in the Europe, amongst the metal injection molding market in all the other regions, is projected to hold a majority of the share by the end of 2035. The growth of the market can be attributed majorly to the increasing demand from the healthcare industry. The healthcare and medical industry have robust demand for metal injection molding (MIM) injection for the technology. This technology is being applied for the improvement of medical devices including implants, tubes, sensors, catheter tips and microoptics. Furthermore, the increasing demand for miniature constituents in manufacturing medical micro parts across the healthcare industry is again expected to drive the demand for micro injection molding.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the metal injection molding market?

Ans: Increasing demand of wood grain powder coating and rising technical advancements are the major factors driving the market growth.

2) What would be the CAGR of metal injection molding market over the forecast period?

Ans: The market size of metal injection molding is anticipated to attain a CAGR of ~10.83% over the forecast period, i.e., 2023 â€“ 2035.

3) What are the challenges affecting the metal injection molding market growth?

Ans: The major players in the market are Dynacast, GKN Plc, Britt Manufacturing, Dean Group International Ltd., Cypress Industries, Sintex, CMG Technologies, Indo-MIM Pvt. Ltd., Real Technik AG, and ATW Companies.

4) Which region will provide more business opportunities for growth of metal injection molding market in future?

Ans: The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

5) Who are the major players dominating the metal injection molding market?

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the metal injection molding market?

Ans: The market is segmented by material, end user, and by region.

8) Which segment captures the largest market size in the material segment in the metal injection molding market?

Ans: The stainless steel segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

Base Year	2022
Forecast Year	2023-2035
CAGR	~10.83%
Base Year Market Size (2022)	~ USD 5 Billion
Forecast Year Market Size (2035)	~ USD 16 Billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Metal Injection Molding Market Size & Share, by Material (Stainless Steel, Low Alloy Steel, Soft Magnetic Material); End-user (Electrical & Electronics, Automotive, Consumer, Industrial) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035