Metal injection molding (MIM) market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing at a CAGR of 12.4% in the forecast period of 2020 to 2027 and expected to reach USD 3,054,868.99 thousand by 2027. The metal injection molding (MIM) is the flexible production process which helps the manufacturers to increase the production of the metal products with high quality which increases the demand of the metal injection molding (MIM) in the industry and helps to boost the metal injection molding (MIM) market.
Metal injection molding (MIM) is a process of producing the metal products with the injection technology. The method of metal injection molding (MIM) combines injection molding's design versatility with the strength and integrity of wrought metals to provide cost-effective solutions for highly complex geometries of parts. The process involved several steps such as preparing the feedstock, injection molding, binder removal and sintering which further involves several steps. In the process, several materials are being used in the powder form with the binders which provide the high strength to the metal products and increase the usage of the metal products in handling of heavy load in the industry.
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Metal injection molding (MIM) is a process of producing the metal products with the injection technology. The method of metal injection molding (MIM) combines injection molding's design versatility with the strength and integrity of wrought metals to provide cost-effective solutions for highly complex geometries of parts. The process involved several steps such as preparing the feedstock, injection molding, binder removal and sintering which further involves several steps. In the process, several materials are being used in the powder form with the binders which provide the high strength to the metal products and increase the usage of the metal products in handling of heavy load in the industry.
Metal injection molding (MIM) process is capable of producing both large and small volumes complex shapes from almost all materials which are used in the metal products and that helps to boost the metal injection molding (MIM) market. The requirement for the large area for the machine, equipment and furnace increase the cost for the manufacturers which restrains the growth of the metal injection molding (MIM) market.
This metal injection molding (MIM) market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Asia-Pacific Metal Injection Molding (MIM) Market Scope and Market Size
The metal injection molding (MIM) market is segmented on the basis of material and industry. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of material, the metal injection molding (MIM) market is segmented into stainless steel, low alloy steel, carbon steel, soft magnetic alloy, cobalt alloy, tool steel, tungsten steel, titanium, controlled expansion alloys, high-temperature alloys, carbonyl iron powder and others. In 2020, the demand of stainless steel material is increasing as the material is light weight and can be mixed with the other materials within fewer steps which make the stainless steel material dominating in the region.
- On the basis of industry, the metal injection molding (MIM) market is segmented into automotive, aerospace, defense and firearms, electronics, power tools, industrial, sporting goods, medical and dental, oil exploration, IT, consumer goods and others. In 2020, IT industry is dominating in the market as the demand of the mobile phones is increasing as approximately 65% of the metal injection molding (MIM) material is used in the China for the production of the mobile phones which makes IT industry dominating in the market.
Asia-Pacific Metal Injection Molding (MIM) Market Country Level Analysis
Asia-Pacific metal injection molding (MIM) market is analysed and market size information is provided by country, material and industry.
The countries covered in the Asia-Pacific metal injection molding (MIM) market report are Japan, China, South Korea, India, Singapore, Thailand, Indonesia, Malaysia, Philippines, Australia and New Zealand, Hong Kong, Taiwan and Rest of Asia-Pacific.
Asia-Pacific metal injection molding (MIM) market is dominating the market due to high demand of IT products in the region.
The country section of the Asia-Pacific metal injection molding (MIM) market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
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Growths in the Metal Injection Molding (MIM) Industry
Asia-Pacific metal injection molding (MIM) market also provides you with detailed market analysis for every country growth in installed base of different kind of products for metal injection molding (MIM) market, impact of technology using life line curves and changes in infant formula regulatory scenarios and their impact on the metal injection molding (MIM) market. The data is available for historic period 2010 to 2018.
Growth in the Metal Injection Molding (MIM) Industry
Asia-Pacific metal injection molding (MIM) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to Asia-Pacific metal injection molding (MIM) market.
The major players covered in the Asia-Pacific metal injection molding (MIM) market report are Optimim, Molex, LLC, MPP, Sandvik AB, TEKNA (as a subsidiary of Arendals Fossekompani ASA), GKN Sinter Metals Engineering GmbH, Epson Atmix Corporation (A Subsidiary of Seiko Epson Corporation), Hitachi Metals, Ltd., INDO-MIM and ARC Group Worldwide, Inc. among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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