Global Metal Injection Molding Market Report 2023: Sector to Reach $7.1 Billion by 2028 at a CAGR of 10.5%

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Mar 30, 2023, 12:00 ET

DUBLIN, March 30, 2023 /PRNewswire/ -- The "Metal Injection Molding Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.

The global metal injection molding market size reached US$ 3.9 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 7.1 Billion by 2028, exhibiting a CAGR of 10.5% during 2022-2028.

Companies Mentioned

Amphenol Corporation
ARC Group Worldwide Inc.
ATW Companies Inc.
CMG Technologies
CN Innovations Ltd.
Dean Group International Ltd
Ernst Reiner GmbH & Co. KG
Metal Powder Products LLC
Parmaco Metal Injection Molding AG
Sintex a/s
Smith Metal Products and Tanfel Metal

Metal injection molding (MIM) refers to an advanced, cost-effective, metalworking procedure, wherein finely powdered metal is mixed with binder material to manufacture the output of feedstocks. These raw materials are further solidified and shaped accurately with the assistance of injection molding.

After formation, conditioning operations are executed on finished feedstocks for sintering, removing blinders, and densifying the powders. MIM offer corrosion, thermal stability, high mechanical strength, and dimensional stability to small, finished metal products, due to which they are extensively employed across various industrial applications.

One of the key factors primarily driving the metal injection molding market growth is the widespread product adoption in the automotive sector for producing precise, lightweight, and high-quality motorized parts in large quantity. These components are further used to manufacture various vehicular parts, such as steering, gearbox, locking mechanisms and turbochargers.

In line with this, the extensive deployment of metal injection molding technology for manufacturing surgical equipment, including ablation electrodes, endoscopic graspers, scissors, orthopedic tools, and trauma plates is acting as another growth-inducing factor.

Moreover, the shifting inclination of manufacturers toward MIM solutions over conventional molding procedures is contributing to the market growth. Metal injection molding assists in completing operations at affordable prices and reducing the production time and wastage of raw materials used in the production of feedstocks.

Other factors, such as rapid urbanization and industrialization, particularly in emerging economies, strategic collaborations amongst key players and the rising investments in research and development (R&D) activities to introduce advanced MIM for mass designing complex shaped metal components are creating a positive outlook for the market.

Key Questions Answered in This Report
1. What was the size of the global metal injection molding market in 2022?
2. What is the expected growth rate of the global metal injection molding market during 2023-2028?
3. What has been the impact of COVID-19 on the global metal injection molding market?
4. What are the key factors driving the global metal injection molding market?
5. What is the breakup of the global metal injection molding market based on the material type?
6. What is the breakup of the global metal injection molding market based on the end use industry?
7. What are the key regions in the global metal injection molding market?
8. Who are the key players/companies in the global metal injection molding market?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Metal Injection Molding Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Material Type
6.1 Stainless Steel
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Low Alloy Steel
6.3 Soft Magnetic Material
6.4 Others

7 Market Breakup by End Use Industry
7.1 Electrical and Electronics
7.2 Automotive
7.3 Medical and Orthodontics
7.4 Consumer Products
7.5 Firearms and Defense
7.6 Others

8 Market Breakup by Region

9 SWOT Analysis

10 Value Chain Analysis

11 Porters Five Forces Analysis

12 Price Analysis

13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/wisdr6

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SOURCE Research and Markets