Metal injection molding market is anticipated to grow at a CAGR of 7.9% during the forecast period. The global metal injection molding market is being fueled by the exponential growth of the automotive industry, particularly in emerging economies such as India and China. Furthermore, the rapid growth of the market is also attributed due to rising demand of metal injection molding from numerous end-use industries such as automotive & aerospace, consumer goods, and medical devices. Metal parts constructed from MIM technology are employed across industries owing to faster processing time, removal of secondary operations, and better tolerance levels of final products. Technological advancements, and innovation, along with the rising demand for miniature metal parts for the plastic industry are some other factors accelerating the expansion of the metal injection molding market. For instance, in October 2022, Nicolet Plastics is going to install a Mantle production system in 2023. The new 3D metal printing has the potential to simplify toolmaking and accelerate lead times, and eliminates machining and EDM operations by printing parts with the accuracy (+/- 0.001? per inch) and fine features needed for tooling.
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The global metal injection molding market is segmented based on the material type, and end-user industry. Based on the type, the market is sub-divided into soft magnetic material, low alloy steel, and stainless steel. Based on the end-user industry, the market is sub-segmentedinto firearms and defense, industrial, consumer products, automotive, medical sector, and electric and electronics.Based on material type, the stainless steel sub-segment is expectedto be the fastest-growing segment inthe market due toits wide application in various end-use industries.It is easily available ata relatively lower price as compared to other material types. However, the demand for low alloy steel is also expected to rise significantly in the coming years, owing to its growing utilization in manufacturing parts for cars, pumps and valves, heavy trucks, construction and mining equipment, and power generation equipment.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Metal Injection MoldingMarket byMaterial Type
- Soft Magnetic Material
- Low Alloy Steel
- Stainless Steel
Global Metal Injection MoldingMarket by End-Use Industry
- Firearms and Defense
- Industrial
- Consumer Products
- Automotive
- Medical sector
- Electric and Electronics
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- ARC Group Worldwide
- CMG Technologies
- Dean Group International Ltd.
- Fours Industriels BMI SAS
- Husky Technologies
- Indo-MIM
- Metal Powder Products Inc.
- Molex
- org
- Optimim
- Parmaco Metal Injection Molding AG
- Reaux Medical Molding.
- Shanghai Future Group
- Sintex A/S
- Smith Metal Products
- Tanfel Inc.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global metal injection moldingmarket. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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