Metal Injection Molding Market was valued at USD 2.40 Billion in 2016 and is projected to reach USD 3.77 Billion by 2027, at a CAGR of 7% during the forecast period 2021-2027.
Metal Infection Molding is a procedure that uses injection molding innovations to provide precise metal parts. The ultrafine metal powder is combined with the fastener material to form a feedstock that is fed to the injection molding hardware. The molded part is cooled and removed from the foam. The cover material utilizes solubility to separate from the mixture and the rest of the part is sintered to obtain segments with upgraded properties and better resistance. This in turn is driving the growth of the global metal injection molding market. In addition, excellent item properties enable manufacturers to produce numerous parts with high production accuracy, which has become an important driving force in business development. Manufacturers prefer the MIM process over other standard technologies because of the low cost of raw materials, labor, and inventory. This further propels the growth of the global metal injection molding market.
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Market Segments
Metal Injection Molding Market By Material Type:
- Stainless Steel
- Low Alloy Steel
- Soft Magnetic Material
- Others (Tool Steel, Titanium, Tungsten)
Metal Injection Molding Market By End-Use Industry
- Electrical & Electronics
- Automotive
- Medical & Orthodontics
- Consumer Products
- Industrial
- Firearms & Defense
- Others (Jewelry, Aerospace)
Key Players
Some of the top plyers vying for large stakes in the metal injection molding market are Nippon Piston Ring Co Ltd., PSM Industries, Kinetics Climax Inc, ARC Group Worldwide, Inc., Akron Porcelain & Plastics Co., CN Innovations Holdings Ltd., Form Technologies Company, and Advanced Materials Technologies Pte. Ltd.
Scope of the Report
The research study analyzes the global Metal Injection Molding industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
A full report of Global Metal Injection Molding Market is available at: https://www.orionmarketreports.com/metal-injection-molding-market/62426/
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Metal Injection Molding Market Report
1. What was the Metal Injection Molding Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of the Metal Injection Molding Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Metal Injection Molding Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Metal Injection Molding market.
- The market share of the global Metal Injection Molding market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Metal Injection Molding market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Metal Injection Molding market.
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