Metal Injection Molding Market Segmentation:
Material Segment Analysis
The stainless steel segment is estimated to gain the largest metal injection molding market share of about 38% in the year 2035. The segment growth is 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. Additionally, stainless steel melt shop annual production surged by 7% in 2024 and reached 62.6 million metric tons globally.
Stainless Steel Melt Shop Steel Production, Million Metric Tons
|
Region/ Country |
Quarter |
|
|
|
12 Months |
|
% Change |
|
|
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
|
|
|
|
Europe |
1,563 |
1,625 |
1,506 |
1,394 |
5,997 |
6,088 |
1.5% |
|
The U.S. |
509 |
518 |
482 |
441 |
1,824 |
1,950 |
6.9% |
|
China |
8,655 |
10,152 |
9,898 |
10,736 |
36,676 |
39,441 |
7.5% |
|
APAC* |
1,842 |
1,776 |
1,776 |
1,928 |
6,880 |
7,322 |
6.4% |
|
Others** |
2,076 |
1,761 |
2,029 |
1,954 |
7,163 |
7,820 |
9.2% |
|
Total |
14,644 |
15,833 |
15,690 |
16,453 |
58,539 |
62,621 |
7.0% |
*: APAC w/o South Korea & China
**: Brazil, Indonesia, Russia, South Africa, South Korea
Source: worldstainless
End user Segment Analysis
The automotive segment in metal injection molding market 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:
|
Material |
|
|
End user |
|
