The study provides an in-depth analysis of the global powder injection market to elucidate the prominent investment pockets from 2016 to 2023 and Current trends and future estimations are outlined to determine the overall market scenario.
Powder injection molding (PIM) is an advanced injection molding technique used for manufacturing small components in large quantities using powder form of metals, ceramics, or alloys. Metal injection molding and ceramic injection molding are cumulatively used in this process.
PIM is extensively in various applications, as it provides high tensile strength and durable components. For instance, Apple Inc. uses PIM for manufacturing lightning connectors to compete with other companies.
The applications of PIM have increased in the recent years, owing to surge in the smartphone users, electrical gadgets, and automotive in the recent years.
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The global powder injecting molders market is driven by increase in demand for durable components that can withstand high temperature & pressure for use in various applications such as defense, automotive, aerospace industries, and surgical equipment. However, conventional standards & approvals for export hampers the growth of the market.
Moreover, increased trade unions between countries is expected to provide new opportunities to the market players.
The global powder injection molding market is segmented based on type, industry vertical, and geography. Based on type, it is categorized into metal injection molding and ceramic injection molding.
Based on industry vertical, it is classified into aerospace & defense, automotive, healthcare, consumer goods, 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 Advanced Materials Technologies., Dynacast International, Vibrom, ARC Group Worldwide, ARBURG, Cypress Industries, Reaux Medical Molding., Fours Industriels B.M.I., Mahler GmbH, and Indo-MIM Pvt. Ltd.
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