Metal Injection Molding Market Trends

  • Report ID: 4916
  • Published Date: May 22, 2024
  • Report Format: PDF, PPT

Metal Injection Molding Market Trends

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

Metal Injection Molding Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

8.1%

Base Year Market Size (2023)

USD 4.4 Billion

Forecast Year Market Size (2036)

USD 11.8 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)
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Author Credits:  Rajrani Baghel


  • Report ID: 4916
  • Published Date: May 22, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

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

The market size of metal injection molding is anticipated to attain a CAGR of 10.83% over the forecast period, i.e., 2023-2035.

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.

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.

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.

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.

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

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