Metal injection molding (MIM) is a metalworking process in which finely-powdered metal is mixed with binder material to create a "feedstock" that is then shaped and solidified using injection molding. The molding process allows high volume, complex parts to be shaped in a single step. After molding, the part undergoes conditioning operations to remove the binder and densify the powders. Finished products are small components used in many industries and applications.
The global consumption of MIM Materials increases from 16831 MT in 2016 to 18099 MT in 2020. In 2020, the global MIM Materials consumption market is led by Asia Pacific. Asia Pacific is the largest region consumption market, accounting for about 38.49% of global consumption of MIM Materials. The global Metal Injection Molding Materials market was valued at US$ 1983.96 million in 2020.
Global Metal Injection Molding Materials Market- Key Players
Indo-Mim, OptiMIM (Form Technologies), ARC Group, Phillips-Medisize (Molex), Smith Metal Products, Netshape Technologies (MPP), Dean Group International, Sintex, CMG Technologies, Future High-Tech, Parmatech Corporation (ATW Companies), Nippon Piston Ring, Tanfel, Schunk, Amphenol Corporation, CN Innovations, Shin Zu Shing, GIAN, Parmaco Metal Injection Molding AG, Dou Yee Technologies, are some of the key players in the global Metal Injection Molding Materials market.
The industry is highly fragmented. The largest supplier is Indo-Mim, only accounting for about 8% revenue share globally.
Global Metal Injection Molding Materials Market: Segmental Analysis
Based on the materials, the market can be divided into Stainless Steel; Steel; Magnetic Alloys; Copper and Others Alloys.
In 2020, Stainless Steel accounted for a major share of 58.65% the global Metal Injection Molding Materials market, this product segment is poised to reach US$ 1779.99 million by 2027 from US$ 1282.24 million in 2021. Steel type is the follower with more than 25% share.
The advantages of the metal injection molding process lie in its capability to produce mechanical properties nearly equivalent to wrought materials, while being a net-shape process technology with good dimensional tolerance control. Metal injection molded materials offer a nearly unlimited shape and geometric-feature capability, with high production rates possible through the use of multi-cavity tooling. The market will keep positive growing. it is expected to reach US$ 3079.03 million by the end of 2027, growing at a CAGR of 5.82% during 2021-2027.
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