Metal Injection Molding Market Report|Industry Trends|Market Insights|Market Forecast to 2026
The Global Metal Injection Molding market size was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period.
(EMAILWIRE.COM, October 22, 2019 ) Market Overview:
Metal injection molding is a metalworking process in which finely powdered metal is mixed with binder material to create a feedstock that is then shaped and solidified using injection molding. The molding process allows high volume, complex parts to be shaped in a single step. After molding, the part undergoes conditioning operations to remove the binder and densify the powders.
Finished products are small components used in many industries and applications. MIM materials are comparable to metal formed by competing methods, and final products are used in a broad range of industrial, commercial, medical, dental, firearms, aerospace, and automotive applications.
Market Dynamics:
Rising demand for the healthcare industry, increasing technological advancements and rising demand for lightweight & smaller automotive parts are the major driving factors for the market growth. The rising demand for healthcare industry is the major driving factor for the market growth. The ability to produce high volumes of precision components using MIM has seen its use grow across the medical sector in recent years. Metal injection molding (MIM) capabilities lend to create the features for today's unique medical device products.
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Market Segmentation:
By end-use industry, the metal injection molding market is segmented into automotive, industrial, firearms, aerospace & defense, electrical & electronics, consumer goods, and medical & orthodontics.
Consumer good is expected to hold high CAGR rate in the forecast period. MIM process is broadly used in the manufacture of components consumer goods such as phone casings, camera components, charging cables, laptop hinges, mobile connectors, and among others.
The Metal Injection Molding Market size by material type was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period. Stainless steel is expected to grab the major market share for in the forecast period due to its lower price as compared to other material types. The extensive application of stainless steel in various end-use industries is the major impacting reason for market growth worldwide. These materials are manufactured from pre-alloyed or elementally blended stainless steel and include austenitic, ferritic, and precipitation hardening grades.
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Geographical Analysis:
Geographically, the market is divided into North America, Europe, South America, Asia-Pacific and the Middle East and Africa.
The Asia Pacific is expected to dominate the Metal Injection Molding Market in 2018 and estimated to hold largest market size over the forecast period (2019-2026). The growing interest for miniaturization of consumer electronics and increasing automotive industry worldwide are the major impacting factor for the growth of the market Asia Pacific.
The production cost in this region is lower as compared to the other regions because the prominent players from the Asia Pacific are operating their production facilities in the region. For instance, BASF has set up a new Catamold® production facility at its Kuanyin site in Taiwan. In addition, BASF has opened a new technical service lab for the company’s MIM feedstock business in Shanghai, China. The new technical service lab for Catamold® is located within BASF’s Innovation Campus Asia Pacific in Pudong, providing technical support as well as customer training.
Competitive Analysis:
Some of the major players include MIM India Company, Tanfel Metal, Husky Injection Molding Systems Ltd., Reaux Medical Molding., Injectamax International, LLC., Fours Industriels B.M.I, Parmaco Metal Injection Molding AG, Optimum, ARC Group Worldwide Inc., Smith Metal Products and Netshape Technologies Inc.
View Full Report Sample: https://www.datamintelligence.com/research-report/metal-injection-molding-market
About Us:
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: pr@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Metal injection molding is a metalworking process in which finely powdered metal is mixed with binder material to create a feedstock that is then shaped and solidified using injection molding. The molding process allows high volume, complex parts to be shaped in a single step. After molding, the part undergoes conditioning operations to remove the binder and densify the powders.
Finished products are small components used in many industries and applications. MIM materials are comparable to metal formed by competing methods, and final products are used in a broad range of industrial, commercial, medical, dental, firearms, aerospace, and automotive applications.
Market Dynamics:
Rising demand for the healthcare industry, increasing technological advancements and rising demand for lightweight & smaller automotive parts are the major driving factors for the market growth. The rising demand for healthcare industry is the major driving factor for the market growth. The ability to produce high volumes of precision components using MIM has seen its use grow across the medical sector in recent years. Metal injection molding (MIM) capabilities lend to create the features for today's unique medical device products.
Download free Report Sample: https://www.datamintelligence.com/download-sample/metal-injection-molding-market
Market Segmentation:
By end-use industry, the metal injection molding market is segmented into automotive, industrial, firearms, aerospace & defense, electrical & electronics, consumer goods, and medical & orthodontics.
Consumer good is expected to hold high CAGR rate in the forecast period. MIM process is broadly used in the manufacture of components consumer goods such as phone casings, camera components, charging cables, laptop hinges, mobile connectors, and among others.
The Metal Injection Molding Market size by material type was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period. Stainless steel is expected to grab the major market share for in the forecast period due to its lower price as compared to other material types. The extensive application of stainless steel in various end-use industries is the major impacting reason for market growth worldwide. These materials are manufactured from pre-alloyed or elementally blended stainless steel and include austenitic, ferritic, and precipitation hardening grades.
Download Free Sample Report:
Geographical Analysis:
Geographically, the market is divided into North America, Europe, South America, Asia-Pacific and the Middle East and Africa.
The Asia Pacific is expected to dominate the Metal Injection Molding Market in 2018 and estimated to hold largest market size over the forecast period (2019-2026). The growing interest for miniaturization of consumer electronics and increasing automotive industry worldwide are the major impacting factor for the growth of the market Asia Pacific.
The production cost in this region is lower as compared to the other regions because the prominent players from the Asia Pacific are operating their production facilities in the region. For instance, BASF has set up a new Catamold® production facility at its Kuanyin site in Taiwan. In addition, BASF has opened a new technical service lab for the company’s MIM feedstock business in Shanghai, China. The new technical service lab for Catamold® is located within BASF’s Innovation Campus Asia Pacific in Pudong, providing technical support as well as customer training.
Competitive Analysis:
Some of the major players include MIM India Company, Tanfel Metal, Husky Injection Molding Systems Ltd., Reaux Medical Molding., Injectamax International, LLC., Fours Industriels B.M.I, Parmaco Metal Injection Molding AG, Optimum, ARC Group Worldwide Inc., Smith Metal Products and Netshape Technologies Inc.
View Full Report Sample: https://www.datamintelligence.com/research-report/metal-injection-molding-market
About Us:
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: pr@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Contact Information:
DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
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DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results