The global metal injection molding market size was valued at USD 3,841.96 Million in 2021, and is expected to register a revenue CAGR of 10.67% during the forecast period. Major factors driving market revenue growth include technological enhancement, rising industrialization, and infrastructural growth, among others. The sector growth is also driven by increasing mass production from end-use industries such as automotive, consumer goods, and electronics, among others. Major manufacturing companies are shifting towards this process as it enhances efficiency of the products, minimizes manufacturing steps and reduction in material wastage. Adoption of this process for accurate shapes and sizes to molten metals would drive the sector growth from various end use industries over the forecast period. This technology has replaced conventional manufacturing technologies owing to its preciseness and surging demand for production of high volume parts from the defense and automotive sectors.
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Top Players in the Global Metal Injection Molding Market:
ARC Group Worldwide, Tanfel Metals, INDO-MIM Pvt. Ltd., Smith Metal Products, Dean Group International Ltd, Sintex a/s, Metal Powder Products, Inc., CMG Technologies Ltd, GKN Ltd, Dou Yee Technologies, CN Innovations Ltd, Sinotech, Husky Technologies, Connor Corporation, and ASH Industries.
Metal Injection Molding (MIM) also termed as Powdered Injection Molding (PIM) is an advanced metalworking process in which mixture of powder and binder is added in machine for generating desired shape and size, resulting in specified simple or complex metal structures and low waste material. It helps in manufacturing of high-density and complex geometrical parts for the critical end-use sectors where accuracy is considered as a most essential parameter.
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Market segmentation based on Material Outlook:
- Stainless Steel
- Low Alloy Steel
- Soft Magnetic Steel
- Others
End-Use Outlook:
- Electrical & Electronics
- Fiber Optic Connectors
- Filter Components
- Heat Sinks
- Micro-Switches
- Connectors
- Others
- Automotive
- Electrical Systems
- Fuel System
- Interiors
- Powertrain
- Safety System
- Others
- Medical
- Surgical Instruments
- Orthopedic
- Implants
- Others
- Aerospace
- Fasteners
- Screws
- Seatbelt Components
- Bushings
- Rotors
- Others
- Firearms & Defense
- Fire Suppression
- Cam Block
- Sensor Housings
- Others
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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