Los Angeles, CA -- (SBWire) -- 02/02/2019 --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 (debinding) and densify the powders. Finished products are small components used in many industries and applications.
The global MIM Parts industry has a rather high concentration. The major manufacturers are concentrated in North America, Europe and Asia Pacific, such as Indo-MIM, ARC Group, NIPPON PISTON RING, Schunk and Sintex. The global consumption of MIM Parts increases from 9428 MT in 2013 to 16926 MT in 2017, at a CAGR of more than 15.75%. In 2017, the global MIM Parts consumption market is led by Asia Pacific and Asia Pacific is the largest region consumption market, accounting for about 36.57% of global consumption of MIM Parts.
MIM Parts downstream is wide and recently MIM Parts has acquired increasing significance in various fields of Industry, Automotive, Electronics, Medical, Firearms and others. Globally, the MIM Parts market is mainly driven by growing demand for Industry, Automotive, Electronics, Industry, Automotive, Electronics accounts for nearly 67.39% of total downstream consumption of MIM Parts in global. MIM Parts can be mainly divided into Stainless Steel, Steel, Alloy Steel and Other Metal which Stainless Steel captures about 42.66% of MIM Parts market in 2016.
According to our research and analysis, manufacturers from North America are the major leaders in the international market of MIM Parts. Global market is expected to witness significant growth on account of rising applications, so in the next few years, MIM Parts consumption will show a trend of steady growth. In 2024 the consumption of MIM Parts is estimated to be 47138 MT. On product prices, the slow downward trend in recent years will maintain in the future. The global Metal Injection Molding Parts (MIM Parts) market is valued at 2120 million US$ in 2018 is expected to reach 6380 million US$ by the end of 2025, growing at a CAGR of 14.8% during 2019-2025.
This report focuses on Metal Injection Molding Parts (MIM Parts) volume and value at global level, regional level and company level. From a global perspective, this report represents overall Metal Injection Molding Parts (MIM Parts) market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan. At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
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The following manufacturers are covered:
Indo-MIM
ARC Group
Schunk
Sintex
ASH® Industries
AMT
Shin Zu Shing
GIAN
Future High-tech
Segment by Regions
North America
Europe
China
Japan
Segment by Type
Stainless Steel
Steel
Alloy Steel
Segment by Application
Medical
Industrial
Automotive
Electronics
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Metal Injection Molding Parts (MIM Parts) Market Is Grow at a CAGR of 14.8% During 2019-2025 - QYResearch
Metal Injection Molding Parts (MIM Parts) Market status and forecast, categorizes the global market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, Asia-Pacific, South America, and Middle East & Africa.