The Powder Injection Molding(PIM) is forecast to smooth over the next few years. According to the WK-chem Research "Global Powder Injection Molding(PIM) Professional Survey Report 2022, Forecast to 2027", with the increasing demand of the Aerospace Components Manufacturing,the Powder Injection Molding(PIM) industry is developing at an incredible speed. According to the WK-chem regression analysis model, the compound annual growth rate (CAGR) for the period 2022-2027 is expected to be 8.90%.
Powder injection molding refers to the process of molding metals and ceramics into materials with better electrical, mechanical, chemical and physical properties. The powder injection molding process is widely used to manufacture complex machine parts. Binders are used in powder injection molding technology to aid in the bonding of polymers and the precise manufacture of complex machine parts. The global powder injection molding (PIM) market is likely to witness substantial growth over the forecast period owing to increasing demand from various end-use industries.
The demand for power injection molding is increasing as it is widely used to manufacture small parts in high volume. This advanced forming technique makes extensive use of ceramic, metal or alloy powders. Furthermore, powder injection molding is mainly used in various applications as it provides high durability and tensile strength to the components. The application of metal injection molding is high in various industries, but its importance has recently grown in the automotive industry. In the next few years, there is a lot of room for growth in the penetration rate and awareness of MIM in the automotive industry. Furthermore, other characteristics of powder injection molding machines are their ability to withstand high pressure and high temperature, which is driving their demand in defense and aerospace industries. There is also a high demand for powder injection molding machines in surgical equipment. However, traditional export standards and approvals may hinder the growth of the global powder injection molding market. But burgeoning unions between countries may help this market grow.
: This WK-chem market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Powder Injection Molding(PIM) companys that include Reaux Medical Molding., Dynacast International, Vibrom, Mahler GmbH, ARC Group Worldwide, Advanced Materials Technologies., ARBURG, Cypress Industries, Fours Industriels B.M.I., and Indo-US MIM Tec Pvt. Ltd .etc.
: The Powder Injection Molding (PIM) market is segmented by technology and this segment is segmented into Metal Injection Molding, Ceramic Injection Molding. The metal injection molding segment dominates the market due to its high preference for metal injection molding and its durability at high temperatures. Metal injection molding is mainly used in the automotive sector. As the automotive industry involves the manufacture of complex components such as engines, transmissions, power steering systems, turbochargers, and electronic systems. Metal injection is also used for optical fibers in the electrical industry, optical connectors in Apple devices, cold plates, and mainly for smartphone electronic components. With the massive development of the smartphone industry, the metal injection molding market is also growing, as the process allows the use of materials such as titanium, stainless steel, etc., as it uses less material and is more efficient than machines. By end user, this segment is divided into surgical equipment, watches, electronic components, etc. The electronic components segment is driving the market. Due to the high usage rate of metal injection molding in the industry. Since metal injection molding is a fast process, it is used to produce the same product from high precision parts to final product as a good product for consumers. The booming international smartphone market offers huge potential for metal injection molding, as the process can use materials such as stainless steel, titanium and zirconia, which require much less material and are more efficient than machining more cost-effective. Powder Injection Molding(PIM)
Regional Market Analysis
In terms of geography, the global Powder Injection Molding(PIM) market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. The Asia-Pacific region will dominate the market. The Asia-Pacific region has nearly 40% of the global demand and is the most promising market for PIM materials. China is also one of the major markets for powder injection molding (PIM) globally. The strong electronics, aerospace and defense (A&D) sector is witnessing continued demand for powder injection molding (PIM). In addition, China has the world's largest electronics production base and is highly competitive with existing upstream producers such as South Korea, Singapore and Taiwan. Electronic products, such as smartphones, OLED TVs, tablets, etc., are the fastest growing market in consumer electronics. In addition, the growing automotive, aerospace and consumer goods industries in countries such as China, Japan, India, and South Korea further increase the demand for metal injection molding, which in turn creates demand for powder injection molding. Huge market size, coupled with huge growth in Asia Pacific, is helping to expand the overall powder injection molding market.
Region with the largest share: Asia-Pacific
Largest country in largest share region: China
Product Type: Metal Injection Molding, Ceramic Injection Molding
Application: Surgical Equipment, Watches, Electronic Components, etc
Leading Company: Reaux Medical Molding., Dynacast International, Vibrom, Mahler GmbH, ARC Group Worldwide