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Metal Injection Molding Market To Be Driven By Rising Demand For Small & Complex Components From Manufacturers And Reduction in Wastage of Raw Materials Till 2025 | Million Insights

May 09
10:42 2019
Metal Injection Molding Market To Be Driven By Rising Demand For Small & Complex Components From Manufacturers And Reduction in Wastage of Raw Materials Till 2025 | Million Insights

Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, the metal injection molding (MIM) industry is estimated to grow at a significant CAGR of 11.9% over the forecast period as the scope and its applications are rising enormously across the globe.

Global Metal Injection Molding (MIM) Market is expected to reach USD 6.52 billion by 2025. Metal Injection Molding (MIM) combines two recognized technologies; “powdered metallurgy” and “plastic injection molding” to offer cost-efficient solutions for complex geometries. The MIM process is executed in four main steps like mixing, injection molding, debinding, and sintering. The Metal Injection Molding Market is estimated to grow at a significant CAGR of 11.9% over the forecast period as the scope and its applications are rising enormously across the globe.

The factors that are playing a major role in the growth of Metal Injection Molding (MIM) market are growing demand for small and complex components from manufacturers, reduction in wastage of raw materials, cost-efficient raw materials, and growing investment in the defense and medical sector. However, strict government policy may restrain overall market growth in the years to come. Metal Injection Molding Market is segmented based on material type, end user, and region.

Full Research Report On Global Metal Injection Molding (MIM) Market Analysis available at: https://www.millioninsights.com/industry-reports/metal-injection-molding-mim-market

The soft magnetic material, stainless steel, low alloy steel, and the other material types could be explored in Metal Injection Molding (MIM) in the forecast period. The other sector comprises tungsten, tool steel, and titanium. The stainless steel sector accounted for the significant market share of Metal Injection Molding (MIM) and is estimated to lead the overall market in the years to come. This could be due to its availability at lower cost in comparison with the other material types.

The market may be categorized based on end users such as firearms & defense, electrical & electronics, industrial, automotive, consumer products, medical & orthodontics, and others that could be explored in the forecast period. The electrical & electronics sector is estimated to grow at a significant CAGR in the years to come. This may be because of growing demand for complex and small metal injection molded parts.

Globally, Asia Pacific accounted for the substantial market share of Metal Injection Molding (MIM) and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be increasing demand from end users like firearms & defense, automotive, industrial, electrical & electronics, and others. The developing countries like India and China are the major consumers of Metal Injection Molding (MIM) in this region.

Instead, North America and Europe are also estimated to have a positive influence on the future growth. North America is the second largest region with significant market share. The reason behind the overall market growth could be Canadian and U.S. government initiative by providing several tax benefits. However, Europe is estimated to grow at fastest pace in the foremost period.

The key players of Metal Injection Molding (MIM) Industry are Parmaco Metal Injection Molding, Indo-MIM, Parmatech Corporation, Dynacast International, Future High-Tech, ARC Group Worldwide, CMG Technologies, Phillips-Medisize, Sintex A/S, Smith Metal Products, Dean Group International, and NetShape Technologies. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition.

Request for Free Sample Copy at: https://www.millioninsights.com/industry-reports/metal-injection-molding-mim-market/request-sample

Market Segment:

Metal Injection Molding End-Use Outlook (Revenue, USD Million, 2014 – 2025)
    • Automotive
    • Consumer Product
    • Medical
    • Industrial
    • Defense
    • Others

Metal Injection Molding Regional Outlook (Revenue, USD Million, 2014 – 2025)
    • North America
        • U.S.
        • Canada
        • Mexico
    • Europe
        • Germany
        • UK
        • France
    • Asia Pacific
        • China
        • India
        • Japan
    • CSA
        • Brazil
    • MEA
        • South Africa

Related Reports of this Category available at Million Insights: https://www.millioninsights.com/industry/chemicals-and-materials

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