Global Metal Injection Molding Parts (MIM Parts) Market Growth 2023-2029

Global Metal Injection Molding Parts (MIM Parts) Market Growth 2023-2029

This report studies the Metal Injection Molding (MIM) market, Metal injection molding (MIM) 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 and densify the powders. Finished products are small components used in many industries and applications. Metal injection molding—MIM—offers a manufacturing capability for producing complex shapes in large quantities. The process utilizes fine metal powders (typically less than 20 micrometers) which are custom formulated with a binder (various thermoplastics, waxes, and other materials) into a feedstock which is granulated and then fed into a cavity (or multiple cavities) of a conventional injection molding machine. After the “green” component is removed, most of the binder is extracted by thermal or solvent processing and the rest is removed as the component is sintered (solid-state diffused) in a controlled-atmosphere furnace. The MIM process is very similar to plastic injection molding and high-pressure die casting, and it can produce much the same shapes and configuration features. However, it is limited to relatively small, highly complex parts that otherwise would require extensive finish machining or assembly operations if made by any other metal-forming process. The advantages of the metal injection molding process lie in its capability to produce mechanical properties nearly equivalent to wrought materials, while being a net-shape process technology with good dimensional tolerance control. Metal injection molded parts offer a nearly unlimited shape and geometric-feature capability, with high production rates possible through the use of multi-cavity tooling.
LPI (LP Information)' newest research report, the “Metal Injection Molding Parts (MIM Parts) Industry Forecast” looks at past sales and reviews total world Metal Injection Molding Parts (MIM Parts) sales in 2022, providing a comprehensive analysis by region and market sector of projected Metal Injection Molding Parts (MIM Parts) sales for 2023 through 2029. With Metal Injection Molding Parts (MIM Parts) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Metal Injection Molding Parts (MIM Parts) industry.
This Insight Report provides a comprehensive analysis of the global Metal Injection Molding Parts (MIM Parts) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Metal Injection Molding Parts (MIM Parts) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Metal Injection Molding Parts (MIM Parts) market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Metal Injection Molding Parts (MIM Parts) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Metal Injection Molding Parts (MIM Parts).
The global Metal Injection Molding Parts (MIM Parts) market size is projected to grow from US$ 2297.9 million in 2022 to US$ 3435.4 million in 2029; it is expected to grow at a CAGR of 3435.4 from 2023 to 2029.
Global Metal Injection Molding Parts (MIM Parts) key players include Indo-MIM, Schunk, NIPPON PISTON RING, MPP, Shin Zu Shing, etc. Global top five manufacturers hold a share about 20%. North America is the largest market, with a share about 35%, followed by Europe and Asia-Pacific, both with a share about 30 percent. In terms of product, Stainless Steel is the largest segment, with a share about 60%. And in terms of application, the largest application is Electronic, followed by Automotive, Industrial Components, Medical & Dental, Firearms, Consumer Products, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Metal Injection Molding Parts (MIM Parts) market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Stainless Steel
Steel
Magnetic Alloys
Copper
Others Alloys
Segmentation by application
Electronic
Automotive
Industrial Components
Medical & Dental
Firearms
Consumer Products
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Indo-MIM
ARC Group
NIPPON PISTON RING
Schunk
Sintex
Praxis Powder Technology
ASH Industries
Form Technologies
Smith Metal Products
CMG Technologies
MPP
AMT
Dou Yee Technologies
Shin Zu Shing
GIAN
Future High-tech
CN Innovations
Key Questions Addressed in this Report
What is the 10-year outlook for the global Metal Injection Molding Parts (MIM Parts) market?
What factors are driving Metal Injection Molding Parts (MIM Parts) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Metal Injection Molding Parts (MIM Parts) market opportunities vary by end market size?
How does Metal Injection Molding Parts (MIM Parts) break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

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