Asia Pacific Metal Injection Molding (MIM) Market
The Asia-Pacific Metal Injection Molding (MIM) market is expected to reach USD 477 million by 2031 from USD 245 million in 2023, growing with a substantial CAGR of 8.75% in the forecast period of 2024 to 2031.
Market Segmentation:
Material (Ferrous Alloys, Tungsten Alloys, Hard Metals, Special Material, and Others), Industry (Consumer Products, Electronics, Automotive, Medical and Dental, Defense and Firearms, Industrial, Aerospace, Power Tools, Sporting Goods, and Others), Countries (China, Japan, India, South Korea, Taiwan, Singapore, Vietnam, Myanmar, Cambodia, Laos, Brunei, Australia & New Zealand, Thailand, Indonesia, Malaysia, Philippines, Hong Kong, Bangladesh, Nepal, Bhutan, rest of Asia-Pacific)- Industry Trends and Forecast to 2031
Some of the major factors contributing to the growth of the Asia-Pacific Metal Injection Molding (MIM) market:
Driver
• Increasing demand for precision components in medical applications
Restraint
• High initial setup and tooling costs for MIM
Opportunity
• Advancements in MIM technologies
Market Players:
The key players operating in the Asia-Pacific Metal Injection Molding (MIM) market are:
• Molex
• Proterial, Ltd.
• GKN Powder Metallurgy
• Seiko Epson Corporation
• SZS Co., Ltd.
• Jiangsu Gian MIM Parts
• Schunk Mobility
• INDO-MIM
• Reich MIM GmbH
• Shenzhen Pacific Union Precision Manufacturing Company Ltd.
• ARC Group Worldwide
• CHENMING ELECTRONIC TECH. CORP.
• Shanghai Future Group.
• Dou Yee Technologies Pte Ltd.
• Rockleigh Industries
• 3ERP
• VDR Metals Inc.
• ABIS MOLD Technology Co.,Ltd
• Shilpan Steelcast Pvt. Ltd.
• AMT Pte Ltd
• REDSTONE MANUFACTURING
• Taiwan Kodai Co., Ltd.
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