The global powder injection molding market is expected to develop at a healthy rate of 9.3% between 2022 and 2032.
Furthermore, rising need for medical equipment has spurred demand for powder injection molding to produce medical micro-parts for usage in a variety of medical treatments and techniques. Invasive surgery, intravenous therapy, improved medication delivery, and vascular therapy necessitate precision equipment built using cutting-edge manufacturing techniques.
Medical gadgets with intricate forms necessitate specialized production procedures. When compared to traditional manufacturing methods, the ability of powder injection molding to generate exact shapes is boosting the expansion of the medical and healthcare application market.
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Asia Pacific is currently the dominant market for ceramic and metal injection molding at a global level. Powder injection molding market is mostly prevalent in the automotive industry, where machine and machine-component manufacturers serve as the dominant market share end-user group for powder injection molding process.
Further, powder injection molding market is supplemented by new environmental regulations, mandatory for companies to streamline production methodologies and reduce emissions. Consequently, the market for powder injection molding is growing as it produces parts to near net shape, thereby eliminating secondary machining processes.
Moreover, increasing firearms usage in the defense industry, especially in the U.S., is expected to boost powder injection molding industry growth in North America. Asia Pacific demand for powder injection molding is driven by the demand from electronics component applications.
Europe powder injection molding market is dominated by automotive application, whereas, North America powder injection molding market is dominated by medical & healthcare applications.
Powder Injection Molding Market: Key Segmentation
By Technology
- Ceramic injection molding (CIM)
- Metal injection molding (MIM)
By Application
- Automotive
- Medical
- Healthcare
- Aerospace
- Consumer products
- Industrial machinery
By Raw Material
- Stainless steel
- Soft magnetic alloys
- Titanium alloys
- Low-alloy steels
Powder Injection Molding Market: Competitive Evaluation
The FMI’s Powder Injection Molding market report provides a comprehensive analysis on key players operating in the Powder Injection Molding market. Some of the key players are:
- ARC Group
- Advanced Materials Technologies Pte. Ltd.
- Epsom Atmix Corporation
- PSM Industries Inc.
- Plansee Group
- Indo-US MIM Tec Pvt. Ltd.
With a detailed analysis on positioning of top companies across the globe, emerging players, strategic players and innovators, the FMI’s study presents the strengths, weaknesses, growth prospects and challenges of key players over the forecast period.
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Why Buy FMI’s Report?
- Extensive analysis on high growth niche markets across major regions
- Detailed assessment on key segments and sub-segments
- Recent and upcoming strategies tracked of manufacturers for the Powder Injection Molding market
- Reliable information on new product launches, technological advancements, and more
- Valuable insights on the impact of regulatory framework on the global Powder Injection Molding market
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