Global Metal Injection Molding Market is valued USD XXX billion in 2016 is anticipated to grow USD XXX billion with the compounded annual growth of XX% over the forecast period 2018-2025.
New York 14 Aug 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Metal Injection Molding Market industry is poised to raise USD XXX billion by 2025. 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 (debinding) and densify the powders. Finished products are small components used in many industries and applications. The window of economic advantage in metal injection molded parts lies in complexity and volume for small-size parts. 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 for example-watch cases, cellular telephone plugs, and laptop computer hinges. Increased costs for traditional manufacturing methods inherent to part complexity, such as internal/external threads, miniaturization, or identity marking, typically do not increase the cost in a MIM operation due to the flexibility of injection molding.
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Global Metal Injection Molding Market Size study, by Material Type (Stainless Steel, Low Allow Steel, Soft Magnetic Steel), by End Use Industry (Medical & Orthodontics, Electrical & Electronics, Automotive , Industrial, Consumer Products, Firearm & Defence) and by Regional Forecasts 2018-2025
The industry is seeming to be fairly competitive. Some of the leading market players include Rockleigh Industries, Tanfel Inc,, Ernst Reiner GmbH & Co. Kg, Amphenol Corporation, CN Innovations., Taiwan Powder Technology, Jiangsu Gian Mim Parts, Parmaco Metal Injection Molding AG, Dou Yee Technologies Pte Ltd., Parmatech Corporation and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- Asia Pacific is estimated to be the largest market for metal injection molding in 2017 and is expected to continue leading the market till 2025.
- Based on region, the metal injection molding market has been segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
- The Asia Pacific metal injection molding market is also projected to be the fastest-growing market between 2018 and 2025
.Bizwit Research & Consulting LLP has considered following segments for the study:
By Material Type:
- Stainless Steel
- Low Alloy Steel
- Soft Magnetic Material
By End Use Industry:
- Medical & Orthodontics
- Electrical & Electronics
- Consumer Products
- Firearm & Defense
- North America
- Asia Pacific
- Latin America
- Rest of the World