Global Powder Injection Molding Market is projected to grow at CAGR of 7.82% to reach $3800 million by 2023.
In the Report “Powder Injection Molding (PIM) Market: By Technology (Metal Injection Molding, Ceramic Injection Molding); By Materials (Steel, Stainless Steels, Soft Magnetic, Titanium/Tungsten Alloys, Ceramics and Others); By Application (Automotive, Electronics, Industrial, Medical, Consumer, Aerospace and Others) & Geography - (2018 - 2023)” published by IndustryARC, the market is now set to be driven by the field of aluminum injection molding, which is future advancement on the technological front.
Asia-Pacific dominates with major share and growth in the Powder Injection Molding Market
Asia-Pacific is the leading market for powder injection molding market, where China and India are the head regions. The Asia-Pacific region is forecast to lead in the market with a growing CAGR of 8.05% to reach revenue of $1852.29 million by 2023 from $1165 million in 2017. The major players have established their setups in this region. The region is poised with a large number of oil importers. America is the second leading region for PIM Market, with a wide range of industrial groups and high level of manufacturing activates. The North America region has contributed towards 405 of shares of the total GDP. The American market is expected to grow at a CAGR of 8.57%, which is the fastest among all the regions. The American PIM market is expected to reach revenue of $834.13 million by 2023 from $509.7 million in 2017. Europe is amongst the most technologically advanced regions with high demand for powder injection molding in this region. Powder injection market for Europe is expected to grow at a CAGR of 7.50% to reach revenue of $929.73 million by 2023 from $602.9 million in 2017. Traditional industries are undergoing restructuring themselves, and coming out with new business models, where major industries are from Germany.
Powder Injection Molding Market Type done in the full Report:
Powder Injection Molding Market is segmented into two types of technology which are Metal Injection Molding (MIM) and Ceramic Injection Molding (CIM). The metal injection molding sector generated the maximum revenue of $1665 million in the overall powder injection molding market. The present finding says the MIM market is expected to grow at a CAGR of 7.61% to reach revenue of $2782.16 million by 2023 from $1793.3 million in 2017. The market for CIM was $627.2 million in 2017. The market is projected to grow at a CAGR of 8.42% to reach revenue of $1017.69 million by 2023. Electronic and automotive are the major applications areas for the powder injection molding market, whereas applications such as industrial, medical and many more will also become vital contributors to this market.
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Excerpts on Powder Injection Molding Market Growth Factors
Industrial, hand tool and household applications remain strong and the continuous automation of the different industry propels the demand for Powder Injection Molding Market.
Asia is the major continent for the production of stainless steel worldwide. Easy accessibility is the vital reason behind the increasing market for Metal Powder Injection Molding Market in the Asia-Pacific region.
Growing demand in small and high volume components has allowed the electronic sector to increase its demand for high-frequency modules. In accordance to increasing communication network, the automotive sensors market will be the main reason behind the development.
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Key players of the Powder Injection Molding Market
Advanced Materials Technologies Pte. Ltd., Arburg GmbH, Philips-Medisize Corp. (US), Dynacast International, Inc., Epson and ARC group are some leading players in powder injection molding market. The companies are known for manufacturing powder injection molding for major segments like automobile and electronics with the constant launch of product and developments. ARC group has products such as Automotive Components, Aerospace Components, Medical Components, and Firearms. Epson is known for a product like MIM Powder, S.W.A.P.® Powder, and Granulated Powder. Arburg GmbH’s is a private company, and competing well enough with other international brands by providing products such as Sensor and Flat Dripper.
Powder Injection Molding Market report is segmented as below
A.Powder Injection Molding Market – By Technology
1.Metal Injection Molding (MIM)
2.Ceramic Injection Molding (CIM)
B.Powder Injection Molding Market – By Materials
1.Steel
2.Stainless steel
3.Soft magnetic
4.Titanium/Tungsten alloys
5.Ceramics
6.Others
C.Powder Injection Molding Market – By Application
1.Automotive
2.Electronics
3.Industrial
4.Medical
5.Consumer
6.Aerospace & Defense
7.Others
D.Powder Injection Molding Market by Geography (covers 10+ countries)
E.Powder Injection Molding Entropy Market
Companies Citied / Interviewed
1.Morgan Advanced Materials Plc
2.PSM Industries, Inc.
3.Zoltrix Material Guangzhou Ltd
4.Conway Marsh Garrett Technologies Ltd.
5.Advanced Materials Technologies Pte Ltd
6.Arburg Gmbh
7.Company 10+
Related Report:
A.Composites Market
B.Plastic Polymers Market
What can you expect from the report?
The Powder Injection Molding Market Report is Prepared with the Main Agenda to Cover the following 20 points:
1. Market Size by Product Categories
2. Market Trends
3. Manufacturer Landscape
4. Distributor Landscape
5. Pricing Analysis
6. Top 10 End User Analysis
7. Product Benchmarking
8. Product Developments
9. Mergers & Acquisition Analysis
10. Patent Analysis
11. Demand Analysis (By Revenue & Volume)
12. Country-level Analysis (15+)
13. Competitor Analysis
14. Market Shares Analysis
15. Value Chain Analysis
16. Supply Chain Analysis
17. Strategic Analysis
18. Current & Future Market Landscape Analysis
19. Opportunity Analysis
20. Revenue and Volume Analysis
Frequently Asked Questions:
Q. Does IndustryARC publish country or application based reports in Powder Injection Molding Market segment?
Response: Yes, we do have separate reports as mentioned below:
1.America Powder Injection Molding Market Report (2018-2023)
2.Europe Powder Injection Molding Market Analysis (2018-2023)
3.Asia-Pacific Powder Injection Molding Market Size (2018-2023)
4.Technology Powder Injection Molding Market Share (2018-2023)
5.Material Powder Injection Molding Market Trends (2018-2023)
6.Application Powder Injection Molding Market Forecast (2018-2023)
Q. Does IndustryARC provide customized reports and charge additionally for limited customization?
Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:
1. Increase the level of data in the application or end user industry.
2. Increase the number of countries in geography chapter.
3. Find out market shares for other smaller companies or companies which are of interest to you.
4. Company profiles can be requested based on your interests.
5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end-use segment.
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