Metal Injection Molding Sector: Growth Drivers and Challenges
Growth Drivers
- Rise in firearm trade, a key end user of MIM: The market has widespread use cases in industries like medical, automotive, aerospace, and firearms. High trade potential in military weapons is propelling the MIM market growth. According to the Observatory of Economic Complexity (OEC), the world trade of military firearms held a trade value of USD 1.82 billion in 2023. The export CAGR between 2022 and 2023 was 5.32%, with the U.S. (USD 538 million) being the top supplier and Ukraine (USD 476 million) the top importer in 2023. The category’s trade value has surged at a rate of 10% over the past decade.
Exports and Imports of Military Weapons, 2023
|
Key Exporters |
Export Value |
Key Importers |
Import Value |
|
The U.S. |
$538M |
Ukraine |
$476M |
|
Poland |
$372M |
Poland |
$372M |
|
South Korea |
$213M |
Indonesia |
$93.2M |
Source: OEC
- Innovations in polymer binders: In metal injection molding, the feedstock comprises polymer binders and powder metal. The University of Auckland, the University of Waikato, and the Kunming University of Science and Technology collaborated in June 2024 to formulate and deploy an eco-friendly and low-decomposition temperature binder system for Titanium (Ti) metal injection molding. Titanium and its alloys have unique material attributes, such as biocompatibility, high specific strength, and corrosion resistance. This makes it optimal for aerospace, chemical plants, and biomedical applications. Presently, titanium accounts for roughly 5% of the MIM market.
The binder system constitutes polypropylene (PP) as the backbone polymer (15 wt%), polyoxymethylene (POM) (77 wt%) as the key component, stearic acid (SA) (5 wt%) as a surfactant, and poly (EMA-GMA) (ethylene-co-methyl acrylate-co-glycidyl methacrylate) (3 wt%) as a compatibilizer. Catalytic decomposition-based POM binder system is a promising candidate for Ti-MIM. Similarly, in August 2024, the Oak Ridge National Laboratory
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 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.
Metal Injection Molding Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
8.2% |
|
Base Year Market Size (2024) |
USD 4.76 billion |
|
Forecast Year Market Size (2037) |
USD 13.26 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of metal injection molding is estimated at USD 5.4 billion.
The metal injection molding market size was valued at USD 4.76 billion in 2024 and is likely to cross USD 13.26 billion by 2037, registering more than 8.2% CAGR during the forecast period i.e., between 2025-2037. Increasing demand of wood grain powder coating and rising technical advancements will boost the market growth.
Asia Pacific industry is predicted to hold largest revenue share of 38% by 2037, due to growing interest in miniaturizing consumer electronics and an expanding automotive industry.
The major players in the market are Dynacast, Cobra Golf, Britt Manufacturing, Dean Group International Ltd., Cypress Industries, Sintex, CMG Technologies, Indo-MIM Pvt. Ltd., Real Technik AG, ATW Companies
