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Metal Injection Molding Market Outlook & Forecast [2028]

01-24-2024 05:40 AM CET | Industry, Real Estate & Construction

Press release from: TechSci Research Pvt Ltd

Global Metal Injection Molding Market stood at USD 1.78 billion in 2022 and will attain USD 3.35 billion by 2028 with a CAGR of 7.

Global Metal Injection Molding Market stood at USD 1.78 billion in 2022 and will attain USD 3.35 billion by 2028 with a CAGR of 7.

According to TechSci Research report, "𝐌𝐞𝐭𝐚𝐥 𝐈𝐧𝐣𝐞𝐜𝐭𝐢𝐨𝐧 𝐌𝐨𝐥𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 - Global Industry Size, Share, Trends, Opportunity, and Forecast 2018-2028", the Global Metal Injection Molding Market is expected to register robust growth during the forecast period owing to a surge in demand in electronics and electrical, healthcare industry driven by technological advancements and the need for lightweight and smaller automotive parts. Also, The Global Metal Injection Molding Market 𝐚𝐜𝐡𝐢𝐞𝐯𝐞𝐝 𝐚 𝐯𝐚𝐥𝐮𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐔𝐒𝐃 𝟏.𝟕𝟖 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟐 𝐚𝐧𝐝 𝐢𝐬 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐚𝐭𝐭𝐚𝐢𝐧 𝐔𝐒𝐃 𝟑.𝟑𝟓 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟐𝟖, 𝐫𝐞𝐟𝐥𝐞𝐜𝐭𝐢𝐧𝐠 𝐚 𝐂𝐨𝐦𝐩𝐨𝐮𝐧𝐝 𝐀𝐧𝐧𝐮𝐚𝐥 𝐆𝐫𝐨𝐰𝐭𝐡 𝐑𝐚𝐭𝐞 (𝐂𝐀𝐆𝐑) 𝐨𝐟 𝟕.𝟓𝟐% 𝐝𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐩𝐞𝐫𝐢𝐨𝐝. This market growth is primarily fuelled by the ability of metal injection molding (MIM) to produce high volumes of precision components, making it increasingly popular in the medical sector. The capabilities of MIM contribute to the creation of features for modern medical device products.

In an era where industries demand increasingly compact and intricate components, Metal Injection Molding (MIM) presents a distinctive advantage for manufacturing highly precise parts. MIM excels in producing intricate shapes with narrow tolerances, making it ideal for applications that necessitate miniaturization, such as electronics, medical devices, and aerospace. MIM offers the potential to customize components according to specific customer requirements, empowering manufacturers to penetrate niche markets with tailored solutions. This adaptability caters to industries with unique demands, including luxury goods, precision instruments, and specialized machinery.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐨𝐯𝐞𝐫 𝐗𝐗 𝐦𝐚𝐫𝐤𝐞𝐭 𝐝𝐚𝐭𝐚 𝐅𝐢𝐠𝐮𝐫𝐞𝐬 𝐬𝐩𝐫𝐞𝐚𝐝 𝐭𝐡𝐫𝐨𝐮𝐠𝐡 𝐗𝐗 𝐏𝐚𝐠𝐞𝐬 𝐚𝐧𝐝 𝐚𝐧 𝐢𝐧-𝐝𝐞𝐩𝐭𝐡 𝐓𝐎𝐂 𝐨𝐧 𝐭𝐡𝐞 "Global Metal Injection Molding Market." @ https://www.techsciresearch.com/report/global-metal-injection-moulding-market/2251.html

The Global Metal Injection Molding Market is segmented based on material type, end-use industry, and region. Based on material type, the market is bifurcated into wood, ceramic, metal, fiber cement, and others. Based on the end-use industry, the market is bifurcated into residential and non-residential. Based on region, the market is further bifurcated into North America, Asia-Pacific, Europe, South America, Middle East & Africa. Based on material type, the Stainless Steel segment is expected to dominate the market during the forecast period.

Stainless steel MIM components often necessitate meticulous sintering processes to attain the desired mechanical properties while upholding corrosion resistance. Certain stainless steel alloys may incur higher costs, impacting overall component expenses.

Advancements in MIM technology are facilitating the production of intricate stainless steel components with precise geometries and enhanced mechanical properties. The recyclability of stainless steel is renowned, contributing to sustainable practices in the MIM industry. The Stainless Steel segment within the Global Metal Injection Molding Market is anticipated to witness growth as industries continue to seek components that offer a blend of mechanical strength, corrosion resistance, and aesthetic appeal.

Based on the end-use industry, the Electrical & Electronics segment is projected to dominate the market throughout the forecast period. The demand for MIM components in the Electrical & Electronics sector is fueled by the necessity for miniaturization, enhanced performance, and increased functionality of electronic devices and systems. The remarkable ability of MIM to manufacture intricate and small parts with exceptional dimensional accuracy perfectly aligns with the industry's requirements. MIM is extensively employed in the production of small connectors, pins, and contacts with intricate shapes and precise dimensions.

These MIM components find applications in switches, sensors, and actuator mechanisms, which are integral to various electronic devices. Furthermore, MIM plays a vital role in manufacturing components for microelectronic packaging, ensuring efficient heat dissipation and reliable electrical connections. The selection of materials in the Electrical & Electronics sector is based on their conductivity, thermal properties, and compatibility with electronic systems. As technology continues to advance, propelling the demand for compact, efficient, and high-performance components, the Electrical & Electronics segment within the Global Metal Injection Molding Market is anticipated to experience significant growth.0

𝐊𝐞𝐲 𝐦𝐚𝐫𝐤𝐞𝐭 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐌𝐞𝐭𝐚𝐥 𝐈𝐧𝐣𝐞𝐜𝐭𝐢𝐨𝐧 𝐌𝐨𝐥𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞:-
1. Tata Steel Ltd
2. Compagnie de Saint Gobain SA
3. Etex Group
4. Kingspan Group
5. James Hardie Industries PLC
6. Boral Limited
7. CSR Building Products
8. Nichiha Corporation
9. Cembrit Holding AS
10. OmniMax International, Inc.

𝐓𝐨 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐑𝐄𝐄 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭📥 @ https://www.techsciresearch.com/sample-report.aspx?cid=2251

𝐂𝐮𝐬𝐭𝐨𝐦𝐞𝐫𝐬 𝐜𝐚𝐧 𝐚𝐥𝐬𝐨 𝐫𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝟏𝟎% 𝐟𝐫𝐞𝐞 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭.

"Asia Pacific is expected to dominate the market during the forecast period. Asia Pacific's renowned reputation for efficient and cost-effective manufacturing serves as a prominent catalyst for the growth of the MIM market. The region's expertise in high-volume production of intricate components aligns seamlessly with the capabilities of MIM technology. Moreover, the increasing healthcare expenditures and demand for medical devices in Asia Pacific present significant opportunities for MIM in the production of components for surgical instruments, orthopedics, dental tools, and other applications. Notably, MIM technology's remarkable ability to manufacture complex shapes and intricate geometries complements the region's ongoing trend towards miniaturization in electronics and precision engineering." said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

"𝐌𝐞𝐭𝐚𝐥 𝐈𝐧𝐣𝐞𝐜𝐭𝐢𝐨𝐧 𝐌𝐨𝐥𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 - 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐒𝐢𝐳𝐞, 𝐒𝐡𝐚𝐫𝐞, 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲, 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭, 𝟐𝟎𝟏𝟖-𝟐𝟎𝟐𝟖, 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐞𝐝 𝐁𝐲 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥 𝐓𝐲𝐩𝐞 (𝐒𝐭𝐚𝐢𝐧𝐥𝐞𝐬𝐬 𝐒𝐭𝐞𝐞𝐥, 𝐋𝐨𝐰 𝐀𝐥𝐥𝐨𝐲 𝐒𝐭𝐞𝐞𝐥 𝐚𝐧𝐝 𝐒𝐨𝐟𝐭 𝐌𝐚𝐠𝐧𝐞𝐭𝐢𝐜 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥), 𝐁𝐲 𝐄𝐧𝐝-𝐮𝐬𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 (𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞, 𝐌𝐞𝐝𝐢𝐜𝐚𝐥 & 𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞, 𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜𝐚𝐥 & 𝐄𝐥𝐞𝐜𝐭𝐫𝐨𝐧𝐢𝐜𝐬 𝐚𝐧𝐝 𝐎𝐭𝐡𝐞𝐫𝐬), 𝐁𝐲 𝐑𝐞𝐠𝐢𝐨𝐧, 𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧," has evaluated the future growth potential of Global Metal Injection Molding Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers make sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Metal Injection Molding Market.

𝐘𝐨𝐮 𝐦𝐚𝐲 𝐚𝐥𝐬𝐨 𝐫𝐞𝐚𝐝:
𝐃𝐢𝐬𝐭𝐞𝐦𝐩𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 [𝟐𝟎𝟐𝟖] - 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐓𝐫𝐞𝐧𝐝𝐬, & 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 @ https://www.techsciresearch.com/report/distemper-market/20422.html

𝐑𝐨𝐚𝐝 𝐇𝐚𝐮𝐥𝐚𝐠𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 | [𝟐𝟎𝟐𝟖] 𝐄𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠 𝐏𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐅𝐮𝐭𝐮𝐫𝐞 & 𝐓𝐫𝐞𝐧𝐝𝐬 @ https://www.techsciresearch.com/report/road-haulage-market/20426.html

𝐔𝐧𝐝𝐞𝐫𝐰𝐚𝐭𝐞𝐫 𝐂𝐨𝐧𝐜𝐫𝐞𝐭𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 | [𝟐𝟎𝟐𝟖] 𝐄𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐏𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥, 𝐓𝐫𝐞𝐧𝐝𝐬@ https://www.techsciresearch.com/report/underwater-concrete-market/20430.html

𝐓𝐚𝐛𝐥𝐞 𝐨𝐟 𝐂𝐨𝐧𝐭𝐞𝐧𝐭-𝐌𝐞𝐭𝐚𝐥 𝐈𝐧𝐣𝐞𝐜𝐭𝐢𝐨𝐧 𝐌𝐨𝐥𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭
1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

Research Methodology
2.1. Baseline Methodology

2.2. Key Industry Partners

2.3. Major Association and Secondary Sources

2.4. Forecasting Methodology

2.5. Data Triangulation & Validation

2.6. Assumptions and Limitations

Executive Summary
Impact of COVID-19 on Global Metal Injection Molding Market
Voice of Customer
Global Metal Injection Molding Market Overview
Global Metal Injection Molding Market Outlook
7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Material Type (Stainless Steel, Low Alloy Steel and Soft Magnetic Material)

7.2.2. By End-use Industry (Automotive, Medical & Healthcare, Electrical & Electronics and Others)

7.2.3. By Region (North America, Europe, South America, Middle East & Africa, Asia Pacific)

7.3. By Company (2022)

7.4. Market Map

𝐂𝐨𝐧𝐭𝐚𝐜𝐭
TechSci Research LLC
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United States- 10170
𝐓𝐞𝐥: +13322586602
𝐄𝐦𝐚𝐢𝐥: sales@techsciresearch.com
𝐖𝐞𝐛𝐬𝐢𝐭𝐞: https://www.techsciresearch.com

TechSci Research is a research based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries.

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