Powder Injection Molding Market

Global Powder Injection Molding Market Size Analysis

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.

Market Dynamic

COVID-19 INFLUENCES THE GROWTH OF THE POWDER INJECTION MOLDING MARKET

Medical equipment demand has surged due to COVID-19, which has significantly enhanced market potential for powder injection molding.

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.

HIGH RAW MATERIALS COSTS HAMPER THE MARKET

The price of raw materials in the market for powder injection molding is significantly higher than the cost of raw materials used in earlier conventional processes, such as cast metals and alloys. In comparison to earlier technologies, the process of building up a factory for this technology is also rather expensive.

Market 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)

Segment-Wise Analysis

What are the usages of Metal Injection Molding?

Metal injection molding is used in the aircraft industry to make parts for high-performance engines, seatbelts, locks and 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.

How is the Healthcare Segment getting influenced by the Powder Injection Molding Market?

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.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, the Middle East, and Africa.

• Currently, North America holds a market share of 27.4% for ceramic and metal injection molding globally. The powder injection molding market is most common in the automotive industry, with the machine and machine-component makers accounting for the lion’s market share.
• Despite strong government regulations, technologically advanced machine tool markets, such as those in Europe, are projected to open up various global powder injection molding market opportunities.

Competition Analysis

The powder injection molding (PIM) industry is fragmented and fiercely competitive with many competitors.

A list of some of the key suppliers present in the market are:

• ARC Group
• Advanced Materials Technologies Pte. Ltd.
• Epsom Atmix Corporation
• PSM Industries Inc.
• Plansee Group
• Indo-US MIM Tec Pvt. Ltd.

Global Powder Injection Molding Market 2022-2032: Report Coverage and Highlights

• Assessment of the historical and current market size (2017-2021), market projections (2022-2032), and its contribution to the parent market
• Key drivers, restraints, opportunities, and key emerging trends impacting market growth
• Predictions on critical supply, demand, and technological trends and changes in consumer behavior
• Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
• Segment-wise, country-wise, and region-wise market analysis
• Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
• Key product innovations and regulatory framework
• Covid-19 impact on the market and how to navigate
• Strategic market analysis and recommendations on crucial winning strategies