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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:
By Application:
By Region and Country:
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.
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:
Global Powder Injection Molding Market 2022-2032: Report Coverage and Highlights
| Research Scope | Details |
| Forecast period | 2022-2032 |
| Historical data available for | 2017-2021 |
| Market analysis | USD Million for Value and Tons for Volume, and CAGR from 2022 to 2030 |
| Key regions covered | North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa |
| Key countries covered | US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt |
| Key segments covered | By Technology, Application, and Region |
| Customization scope | Available upon Request |
| Pricing and purchase options | Available upon Request |
Market Size Data
Market Background
Pricing Analysis
Value Chain Analysis
Competition Analysis
Country Coverage
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific
Why Choose CVC Market Research?;
In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 7.6%.
Medical equipment demand has surged due to COVID-19, which has significantly enhanced market potential for powder injection molding.
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.
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.
North America is expected to account for the largest market revenue share in the Global Powder Injection Molding market.
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