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Metal Injection Molding (MIM) is a variation on conventional plastic injection molding that allows the fabrication of solid metal parts using injection molding technology. In this process, the raw material, mentioned to as the feedstock, is a powder mixture of metal and polymer. For this reason, MIM is sometimes mentioned to as Powder Injection Molding (PIM). By a standard injection molding machine, the powder is melted and injected into a mold, where it cools and solidifies into the shape of the preferred part. Furthermore, some of the metals used to produce MIM parts range from low alloy steels and nickel alloys, to cobalt alloys and stainless steels. A process is used to making components for surgical instruments, electronics and a wide selection of consumer applications, fittings and ornaments, medical equipment and other precision instrument components and various other applications.
Demand from emerging economies, advancement in technology and increasing demand from automotive industry, healthcare industries are some of the factors driving the metal injection molding market. However, volatility in raw material prices and expensive for small production capacities are the factors hampering the metal injection molding market.
The metal injection molding is segmented by material type, end user and geography
Based on material type, the metal injection molding market is segmented into stainless steel, low alloy steel, soft magnetic material and others such as tool steel, titanium, tungsten. Stainless steel segment is consumed extensively, due to its moderately lower price as compared to other material types. This factor is anticipated to drive the demand for stainless steel during the forecast period.
By end user, the metal injection molding market is segmented into medical & orthodontics, electrical & electronics, automotive, industrial, consumer products, firearms & defence and others. Among these, the electrical & electronics segment dominated the metal injection molding market in 2018, due to the increasing demand for reduction of electronic devices, which has resulted in the growing demand for small and complex metal injection molded parts.
Based on geography, the market is segmented into Asia-Pacific, North America, Western Europe, Central & Eastern Europe, Middle East & Africa and South America. Asia Pacific emerged as the largest consumer and dominated the metal injection molding market in 2018, owing to huge demand for metal injection molding from countries such as Japan, China, India and increasing consumption for metal injection molding in various end use industries is benefitting the overall regional market.
The global metal injection molding market is led by key companies such as Indo-Mim Pvt Ltd, Dynacast International Inc., ARC Group Worldwide Inc., Phillips-Medisize, Smith Metal Products, Netshape Technologies Inc., Dean Group International, Sintex A/S, CMG Technologies, Future High-Tech Co. Ltd., Parmatech Corporation, 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 and Dou Yee Technologies Pte Ltd. Foremost companies have invested huge capital in mergers & acquisitions and research & development activities to develop advanced products in the market.
The metal injection molding is segmented by material type, end user and geography. Based on material type, the metal injection molding market is segmented into stainless steel, low alloy steel, soft magnetic material and others. Stainless steel segment is consumed extensively, due to its moderately lower price as compared to other material types. This factor is anticipated to drive the demand for stainless steel during the forecast period. By end user, the metal injection molding market is segmented into medical & orthodontics, electrical & electronics, automotive, industrial, consumer products, firearms & defence and others. Among these, the electrical & electronics segment dominated the metal injection molding market in 2018, due to the increasing demand for reduction of electronic devices, which has resulted in the growing demand for small and complex metal injection molded parts. Based on geography, the market is segmented into Asia-Pacific, North America, Western Europe, Central & Eastern Europe, Middle East & Africa and South America. Asia Pacific emerged as the largest consumer and dominated the metal injection molding market in 2018, owing to huge demand for metal injection molding from countries such as Japan, China, India and increasing consumption for metal injection molding in various end use industries is benefitting the overall regional market.
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