Global Powder Injection Molding Market Size Worth $5,820.6 Million By 2032 | Usuage of powder injection molding to create medical micro-parts for different medical procedures boding well for market growth: ChemView Consulting

Global Powder Injection Molding Market Overview

According to a research survey conducted by ChemView Consulting, in 2022, the Global Powder Injection Molding Market was worth US$ 2,798.0 Mn and is expected to grow at a CAGR of 7.6% over the forecast period. While the historical CAGR is 6.7%, the market is expected to hit US$ 5,820.6 Mn by 2032 end.

Powder injection molding is an industrial production method for making alloy, metal, and ceramic products. Due to its benefits over other procedures, such as cleaner product output, this process is extensively employed.

According to chemview consulting, the growing demand for complicated components that can be downsized and used as -performance materials for various end-user industries is one of the main reasons propelling the worldwide powder injection molding market.

The need for powder injection molding to create medical micro-parts for different medical procedures and techniques has also increased due to the rising demand for medical equipment. Vascular therapy, intravenous therapy, improved medication administration, and invasive surgery require proper equipment using cutting-edge manufacturing techniques.

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Segments Covered in Report

By Technology:

  • Ceramic injection molding (CIM)
  • Metal injection molding (MIM)

By Application:

  • Automotive
  • Medical
  • Healthcare
  • Aerospace
  • Consumer products
  • Industrial machinery

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Key Takeaways

  • Based on technology, metal injection molding is used in the aircraft industry to make parts for high-performance engines, seatbelts, locks, fittings, spray nozzles, and vane adjustment levers, to name a few. However, most of MIM’s current aerospace applications would almost definitely remain classified. The aerospace sector has recently rekindled its interest in using metal injection molding to create super alloy components for essential aero-engine applications. Lightning connections for Apple devices, fiber-optic components, cold plates, heat sinks, and mobile phone parts, to name a few, are all made using metal injection molding.
  • Based on application, precision equipment created using cutting-edge manufacturing methods is required for invasive surgery, intravenous therapy, improved medication delivery, and vascular therapy. Complex-shaped medical equipment demands the employment of particular manufacturing processes. The powder injection molding method’s ability to provide exact geometries compared to conventional production processes drives growth in the medical and healthcare field.
  • Based on region, North America holds a market share of 27.4% for ceramic and metal injection molding globally. The automotive industry is where the powder injection molding market is most common, with the machine and machine-component makers accounting for the lion’s share of the market

Competition Summary

Key Global Powder Injection Molding Market players are ARC Group, Advanced Materials Technologies Pte. Ltd., Epsom Atmix Corporation, PSM Industries Inc., Plansee Group, Indo-US MIM Tec Pvt. Ltd.

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Report Key Highlights and Coverage

  • Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
  • Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
  • The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
  • Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
  • Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
  • Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
  • Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
  • Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
  • Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
  • Strategic market analysis, recommendations, and future headways on crucial winning strategies.

About ChemView Consulting

ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have been collaborating with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.

What sets ChemView Consulting apart?

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