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US$ 2.94 billion
- The Metal Injection Molding Market was estimated at US$ 2.94 billion in 2022 and is expected to grow at a CAGR of 7.65% during 2023-2028 to reach US$ 4.6 billion in 2028.
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The global metal injection molding market size was valued at USD 2.1 billion in 2015 and is projected to grow at a CAGR of 11.9% from 2016 to 2025.
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The global injection molding market size was estimated at USD 285.5 billion in 2023 and is projected to grow at a CAGR of 4.9% from 2024 to 2030. The growing demand for injection molded components in the automotive industry is driving the demand for the market over the forecast period.
- The injection molding market is expected to grow at a compound annual growth rate of 4.8% from 2022 to 2030 to reach USD 397.6 billion by 2030 Read...
- The Asia Pacific dominated the injection molding market with a share of 40.4% in 2021, owing to the growing industrialization, availability of raw...
- Some of the key players operating in the injection molding market include C&J INDUSTRIES, All-Plastics, Biomerics, HTI Plastics, The Rodon Group, E...
- The key factors that are driving the injection molding market include increasing demand for mass production of components coupled with rising deman...
- Global Metal Injection Molding Market Size
- Current Scenario of The Global Metal Injection Molding Market
- Market Drivers
- Market Restraints
- Segmental Analysis
- Regional Analysis
- Key Players in The Global Metal Injection Molding Market
- Recent Happenings in The Market
The Global metal injection molding market is expected to grow from USD 5.52 billion in 2024 to USD 8.79 billion in 2029, with a CAGR of 9.74% between 2024 and 2029.
Metal injection molding (MIM) is one of the developed molding procedures that assist in imparting the desired shape to molten metals. MIM has replaced the traditional molding technology owing to the call for high-volume metal parts for automotive and military applications. The already-made mixture, usually a binder and metal powder, is added to the...
The growing demand for metal injection molding products from the healthcare industry, rising technological developments and the increasing demand lightweight & smaller automotive parts are the key...
The ability to manufacture large volumes of accurate components utilizing metal injection molding has seen its employment rise across the medical segment in past years. The Metal injection molding capacity tends to make the features for ongoing unique medical devices. The worldwide metal injection molding market is driven by less cost of raw materials, quick urbanization & industrialization, and a rise in investment in the manufacturing businesses. MIM technology is used in a broad range of s...
The rising costs and side effects of raw materials derail the growth trajectory of the metal injection molding market. Moreover, the lack of trained professionals and strict laws and regulations are further obstructing market growth. Apart from this, flow lines, sink marks, surface delamination, weld lines, short shots, wrapping and jetting are the...
Global Metal Injection Molding Market Analysis By Material
The stainless-steel segments account for the biggest portion of close to 40 per cent of the metal injection molding market. It is widely used in several industries and will only grow with time fuelling the segment’s market demand. Moreover, companies have introduced MIM for mixing stainless with the least corrosion and high resistance for medical tools and equipment, firearms and other defence products, industrial equipment, automotive, consumer electronics, etc.
Global Metal Injection Molding Market Analysis By End-user
The automotive segment is the dominant category because of the heightening demand and extensive use of lightweight parts. The metal injection molding (MIM) method has gained traction due to the rising demand for high-strength and heavy components for electronic systems, lock mechanisms, transmission gears, steering systems, and turbochargers. For instance, Germany’s Schunk GmbH manufactures the rocker arms for MIM which are part of BMW engines. The electrical and electronics segment is also a...
North America metal injection molding market is anticipated to expand at a faster rate in the coming years.
The growing demand across different industries, but it is particularly high in healthcare, electronics, automotive, and electricals, driving the regional industry. Moreover, the rising application of lightweight materials in automobiles and technological developments are fuelling the NA’s market share. Europe holds a significant share of the metal injection molding market. The regional trend of a robust manufacturing ecosystem of consumer goods, medical tools, and defense items is propelling...
Companies playing a prominent role in the global metal injection molding market include Indo-MIM (India), Dynacast International (US), ARC Group Worldwide (US), Smith Metal Products (US), NetShape Technologies (US), Husky Injection Molding Systems Ltd, Injectamax International, LLC, Tanfel Metal, D&K ENGINEERING, Reaux Medical Molding, Mahler GmbH,...
Cobra Golf introduced its latest KING MIM Wedges, the very latest in golf to feature a total Metal-Injection-Molded (MIM) 304 stainless steel head construction. The MIM procedure represents a major...Elnik Systems LLC., a worldwide business dominator in the vacuum sintering furnaces production for Metal Injection Moulding, has introduced a laboratory furnace for MIM part and procedure advanceme...Metal Injection Molding (MIM) Market was USD 4,277.50 million in 2023 and will reach USD 8,240.36 million, growing with a substantial CAGR of 8.60% by 2031.
[Research Report] The metal injection molding market was valued at US$ 2,458.68 million in 2019 and is projected to reach US$ 4,338.52 million by 2027; it is expected to grow at a CAGR of 7.5% from 2019 to 2027.
Data Bridge Market Research analyses that the metal injection molding (MIM) market which was USD 8,93,494.89 thousand in 2022, is expected to reach USD 21,65,296.92 thousand by 2030, growing at a CAGR of 11.7% during the forecast period of 2023 to 2030.
Global Metal Injection Molding (MIM) Market size is expected to grow from USD 3.36 Billion in 2023 to USD 5.30 Billion by 2032, at a CAGR of 5.19% during the forecast period (2024–2032).
