The metal injection molding industry faces few challenges, mainly due to the high cost of raw materials and the feedback employed
The metal injection molding industry was valued at USD 2.28 billion in 2020 and is predicted to reach USD 3.61 billion by 2025, with a CAGR of 7.64% during the foreseen period. Metal infection molding is a procedure for delivering precision metal parts using the innovation of infusion forming. The ultrafine metal powder is bonded with a fixing material to form a raw material that is fed into the infusion forming material. The molded part is cooled and removed from the mold. The coating material is isolated from the mixture by means of a soluble and the rest of the piece is sintered to acquire segments with better properties and greater resistance. As a result, it is driving the expansion of the worldwide metal injection molding industry. In addition, the exceptional properties of the items allow manufacturers to create many parts with high-generation precision, which has been an important factor for business development. Manufacturers tend to favor the MIM process over other standard techniques due to lower spending on raw materials, labor, and inventory. This further drives the expansion of the worldwide metal injection molding industry. Metal injection molding (MIM) is one of the advanced molding processes, which helps to give the molten metals the desired shape. The prepared mixture, usually a binder and a metallic powder, is added to the injection molding machine, which injects the filler into the mold to acquire the desired shape.
Market drivers and restraints:
The worldwide dynamics of metal injection molding in metalworking stems from the need for an advanced molding process to produce complex metal structures that are escalating characterized by high design flexibility and short cycle times. The growing call for miniature metal parts for the automotive and aerospace industries is escalating driving the expansion of the metal injection molding industry. The advent of metal injection molding processors with popular industry accreditations has driven the call for metal and ceramic products manufactured by the molding process. The escalating call for metal injection molding for the production of high precision components in the medical and healthcare industries is a major trend driving the worldwide industry. However, the metal injection molding industry faces few challenges, mainly due to the high cost of raw materials and the feedback employed. Furthermore, there is a limitation on the size of parts produced by metal injection molding processes. However, the growing expectations of end-users to mold high-end materials into complex shapes with an advanced surface finish are underlying burgeoning opportunities in the metal injection molding industry.
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Report segmented as:
By material type:
- Stainless steel
- Low alloy steel
- Soft magnetic material
By end use industry:
- Electrical & electronics
- Medical & orthodontics
- Firearms & Defense
The growing automotive industry in the APAC region and the growing call for miniaturization of consumer...
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