Selbyville, DE -- (SBWire) -- 05/07/2019 --Asia Pacific PIM market will reach over USD 1.7 billion by the end of projected time, growing at a CAGR of over 6.5%. Rising production of automobiles, growing industrialization, and developing medical end-user industry are the primary factors attributing to Asia Pacific metal and ceramic injection molding market growth through the estimated timeline.
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The revenue graph of metal injection molding market has been growing tremendously over the last few years in line with the increasing importance delegated to design flexibility that helps strengthen and develop highly complex, cost-effective geometric parts on a large scale. As of now, depending upon the application scope of the manufactured product, several industries have been adopting different types of finishing processes including sintering, molding, compounding, and de-binding. In particular, the aerospace, automotive, and medical equipment manufacturing industries have been extensively using metal injection molding processes that will have a significant impact on the industry growth over the years ahead.
With the rapid growth in the industrialization and surging development of modern technologies such as additive manufacturing, players in the metal injection molding market have been traversing toward a path defined by a swift change in the metal product manufacturing practices. For instance, recently, Spanish 3D printer manufacturer, Triditive decided to adopt additive manufacturing for developing complex metal parts. With the help of additive manufacturing, the Spanish company is looking forward to developing a series of extremely precise and complex metal and plastic products where injection molding technology could be used to optimize the extrusion process.
The growing of global powder injection molding market is primarily opposed by molded components? shape and size limitations and expensive nature of raw material. The feed stock required for injection molding are a blend of metal or ceramic powder along with polymer binders. The high costs of both materials, will restrain the global powder injection molding market till 2025.
Stainless steel had the highest share of global MIM market by 2017 and will lead till the projected period, growing at a CAGR of over 6.5%. This segment will generate a revenue of over USD 1.7 billion by the end of 2025. Growing stainless steel components demand in automobiles, aircrafts for use in engines, locking mechanisms will primarily drive the powder injection molding demand over the projected period.
Alumina will hold the major portion of global CIM market by the end of 2025, generating a revenue of over USD 360.0 million by 2025. It further dominates the global CIM market through the projected timespan. Alumina properties like high flexibility, strength, and less machining are some key factors accountable for the growing alumna-based molded parts? demand. Zirconia had the second-higher share of CIM market. Alumina is highly preferred over zirconia, due to its favorable molding properties.
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MIM market for the automotive end-user will reach over USD 1.0 billion by the end of 2025, growing at a CAGR over 7.5%. MIM components are primarily consumed in locking mechanisms, automotive engines, electronic systems, steering systems, and others. Rising production of automobiles in developing and developed nations will significantly drive the powder injection molding demand in the projected period.
Europe PIM market held second-highest share globally. Germany contributed the larger portion of Europe?s market, and this will show its domination throughout the forecast period. Growing product demand due to growing automobile and aircraft production, with rising demand from medical end-users will accelerate the Europe PIM market till the end of estimated period.
Key stakeholders in the metal and ceramic injection molding market are CN Innovations Holdings, Advanced Materials Technologies, Kinetics Climax, Form Technologies Company, CMG Technologies, ARC Group, Nippon Piston Ring, Akron Porcelain & Plastics, Hoganas AB, and PSM Industries among others.
Table of Contents:
Chapter 1. Methodology and Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Definitions & forecast parameters
1.1.4.1. Definitions
1.1.4.2. Forecast parameters
1.2. Data sources
1.2.1. Primary
1.2.2. Secondary
1.2.2.1. Paid Sources
1.2.2.2. Public Sources
Chapter 2. Executive Summary
2.1. Metal and ceramic injection molding industry 360 degree synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Type by end-user trends
2.1.3. End-user trends
2.1.4. Regional trends
Chapter 3. Metal And Ceramic Injection Molding Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Profit margin
3.3.2. Value addition
3.3.3. Distribution channel analysis
3.3.4. Vendor matrix
3.3.4.1. List of key manufacturers/suppliers
3.3.4.2. List of key/potential customers
3.4. Raw material analysis
3.4.1. U.S.
3.4.2. China
3.4.3. Europe
3.5. Industry impact forces
3.5.1. Growth drivers
3.5.1.1. Global drivers
3.5.1.2. Regional drivers
3.5.2. Industry pitfalls & challenges
3.6. Regulatory trends
3.6.1. U.S.
3.6.2. Europe
3.6.3. China
3.7. Growth potential analysis
3.8. Competitive landscape
3.8.1. Company market share, 2016
3.8.2. Strategy dashboard
3.8.3. Patent analysis
3.9. Porter's analysis
3.9.1. Buyer's power
3.9.2. Supplier's power
3.9.3. Threat of substitutes
3.9.4. Threat of new entrants
3.9.5. Degree of competition
3.10. Pricing analysis
3.10.1. Cost structure analysis
3.10.1.1. R&D cost
3.10.1.2. Manufacturing & equipment cost
3.10.1.3. Raw material cost
3.10.1.4. Distribution cost
3.10.1.5. Operating cost
3.10.1.6. Miscellaneous cost
3.10.2. Price by product
3.10.3. Price by end-user
3.10.4. Price by region
3.11. PESTEL analysis
Chapter 4. Metal Injection Molding Market, Type By End-User
4.1. Metal injection molding market, type by end-user, 2017 & 2025.
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Related Reports: -
2018 Global Metal Injection Molding Industry Report - History, Present and Future
The global market size of Metal Injection Molding is $XX million in 2017 with XX CAGR from 2013 to 2017, and it is expected to reach $XX million by the end of 2023 with a CAGR of XX% from 2018 to 2023.
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Metal Injection Molding Market to Soar at a CAGR 6% to 2025
Market Study Report LLC provides a detailed overview of Metal Injection Molding market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of Metal Injection Molding market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.