The essential factors contributing to the growth of the metal injection molding (MIM) market in the forecast period of 2023 to 2030 include the rising mass production in various industries such as automotive, consumer goods, electronics, and others which extensively use metal injection molding. Several manufacturing industries are shifting towards metal injection molding as it improves the efficiency of the products, reduces manufacturing steps, and decreases material wastage due to which it is widely opted by consumers which drives the market’s growth.

Data Bridge Market Research analyses that the metal injection molding (MIM) market which was USD 1,482.07 million in 2022, is expected to reach USD 3,009.94 million by 2030, growing at a CAGR of 9.26% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand. 799905.9

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Market Definition

Metal injection molding (MIM) technology is used for the production of metal products. During the procedure injection molding’s design is combined with the strength and reliability of wrought metals for providing cost-effective resolves for very complex geometries of parts. The metal injection molding (MIM) process can produce both large and small volumes of complex shapes with all available materials. Several steps are involved in the process of metal injection molding such as preparing the feedstock, injection molding, binder removal, and others.

Some of the major players operating in the metal injection molding (MIM) market are:

• ASH Industries (U.S.)
• Rockleigh Industries. (U.S.)
• Molex (U.S.)
• Schunk Group (Germany)
• Sandvik AB (Sweden)
• TEKNA. (Canada)
• PSM Industries (U.S.)
• GKN Powder Metallurgy (U.S.)
• Advanced Powder Products, Inc. (U.S.)
• Alpha Precision Group (U.S.)
• CMG Technologies (U.K.)
• Epson Atmix Corporation (Japan)
• Hitachi, Ltd. (Japan)
• Smith Metal Products. (U.S.)
• Parmaco Metal Injection Molding AG (Switzerland)
• INDO-MIM (India)
• Optimim. (U.S.)
• ARC Group Worldwide (U.S.)
• Dou Yee Technologies. (Singapore)
• Husky Technologies. (Canada)

Asia-Pacific Metal Injection Molding (MIM) Market Scope

The metal injection molding (MIM) market is segmented on the basis of type, material and industry. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Carbonyl Method
• High-Pressure Gas Atomization
• Ultra-High Pressure Water Atomization

Material

• Stainless Steel
• Low Alloy Steel
• Carbon Steel
• Magnetic Alloys
• Soft Magnetic Alloy
• Cobalt Alloy
• Zirconia
• Alumina
• Controlled Expansion Alloys
• Hard Metals
• High-Temperature Alloys
• Iron
• Nickle
• Chromium
• Molybdenum
• Carbonyl Iron Powder
• Others
• Tool Steel
• Titanium
• Tungsten

Industry

• Automotive
• Electrical Systems
• Fuel System
• Interiors
• Powertrain
• Safety System
• Others
• Aerospace
• Fasteners
• Screws
• Seatbelt Components
• Bushings
• Rotors
• Others
• Defence and Firearms
• Fire Suppression
• Cam Block
• Sensor Housings
• Others
• Electrical and Electronics
• Fibre Optic Connectors
• Filter Components
• Heat Sinks
• Micro-Switches
• Connectors
• Others
• Power Tools
• Industrial
• Sporting Goods
• Medical and Dental
• Surgical Instruments
• Orthopaedic
• Implants
• Others
• Oil Exploration
• IT
• Consumer Goods
• Others

Asia-Pacific Metal Injection Molding (MIM) Market Regional Analysis/Insights

The metal injection molding (MIM) market is analysed and market size insights and trends are provided by type, material and industry as referenced above.

The countries covered in the metal injection molding (MIM) market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC)

The country section of the 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 like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

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