Metal Injection Molding Market Regional Analysis:
APAC Market Insights
Asia Pacific industry is predicted to hold the largest revenue share of 38% by 2035, owing to growing interest in miniaturizing consumer electronics and an expanding automotive industry. 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 China metal injection molding market is propelled by the booming automobile end use industry. In the first nine months of 2024, auto production was 21.47 million units, registering a 1.9% CAGR, and average monthly sales were 2.8 million units. As per Council on Foreign Relations data, China is likely to deploy 25 million EV units by the end of 2025. In 2023, China was among the top three exporters of cars and held a value of USD 74.5 billion in trade. SCIO PRC states that China supplied 504,000 automobiles in April 2024 alone, upholding a CAGR of 34%. However, the 34% U.S tariffs on imports from China imposed in April 2025 are anticipated to reshape China’s position in the global market.
North America Market Insights
The North America metal injection molding market is estimated to be the second largest, registering a share of about 25% by the end of 2035. The growth is ascribed majorly to the increasing collaboration, joint ventures, and strategies by market players, which will benefit organizations in terms of improving their product offering. Canada MIM market is driven by the high demand from automotive manufacturers. The majority of the global players have their assembly lines set up in Canada. This includes Ford, Stellantis, General Motors, Toyota, and Honda, among others. The automotive aftermarket's yearly retail worth was estimated at USD 16 billion, which remained stable through 2022.
The U.S. metal injection molding market is shaped by the ample production and availability of raw materials, including chromium. In 2021, the chromite ore annual average gross weight (import unit value) spiked by a CAGR of 10%. U.S. chromium usage (produced and recycled) was 614,000 tons on a chromium-content basis. Chromium-containing material imports to and exports from and country constituted chromite ore, ferroalloys, chromium chemicals, metal, stainless steel, and pigments. Based on U.S. Department of Commerce data on foreign trade of chromium, excluding steel mill products, were USD 24.1 million in exports in 2021 (a 27% growth from the previous year) and USD 898 million in imports (a 65% spike from 2020).
