The study provides an in-depth analysis of the global metal injection molding market to elucidate the prominent investment pockets from 2016 to 2023. Current trends and future estimations are outlined to determine the overall market scenario.
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Metal injection molding (MIM) is one of the advanced molding processes, which helps in imparting the desired shape to molten metals. MIM has replaced the conventional molding technology due to the demand for high volume metal parts for automotive and military applications.
The prepared mixture, usually a binder and metal powder, is added to injection molding machine, which injects the feed into the mold to acquire a desired shape. In the recent years, manufacturing industries have incorporated MIM due to less wastage of raw materials, cost-effectiveness, and low production time.
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The global metal injection molding market is driven by low cost of raw materials, rapid urbanization & industrialization, and increase in investment in the manufacturing industries. However, stringent government regulations hamper the growth of the market.
Moreover, digitalization of manufacturing components globally is expected to provide new opportunities in the market.
The global metal injection molding market is segmented based on component, industry vertical, and geography. Based on component, it is bifurcated into hardware and software.
Based on the industry vertical, it is classified into consumer goods, aerospace & defense, healthcare, and others. Geographically, it is analyzed across North America (U.S., Mexico, and Canada), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, Taiwan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
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The major players profiled in the report includes Dynacast, ARCMIM, Husky Injection Molding Systems Ltd., Injectamax International, LLC., Tanfel Metal, MIM India Company, D&K ENGINEERING, Reaux Medical Molding., FOURS INDUSTRIELS B.M.I., and Mahler GmbH.
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