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(EMAILWIRE.COM, September 10, 2019 )
Metal injection molding 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 and densify the powders.
The global metal injection molding market size was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period.
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Rising demand for the healthcare industry, increasing technological advancements and rising demand for lightweight & smaller automotive parts are the major driving factors for the market growth.
By end-user, the metal injection molding market is segmented into automotive, industrial, firearms, aerospace & defense, electrical & electronics, consumer goods, and medical & orthodontics. The global metal injection molding market size by end-use industry was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period. Consumer good is expected to hold high CAGR rate in the forecast period.
The global metal injection molding market size by material type was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period. Stainless steel is expected to grab the major market share for in the forecast period due to its lower price as compared to other material types.
The Asia Pacific metal injection molding market size was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period. The Asia Pacific is expected to dominate the global metal injection molding market in 2018 and estimated to hold largest market size over the forecast period (2019-2026). The growing interest for miniaturization of consumer electronics and increasing automotive industry worldwide are the major impacting factor for the growth of the market Asia Pacific.
The metal injection molding market is competitive with existing players in the market.
Some of the major players include MIM India Company, Tanfel Metal, Husky Injection Molding Systems Ltd., Reaux Medical Molding., Injectamax International, LLC., Fours Industriels B.M.I, Parmaco Metal Injection Molding AG, Optimum, ARC Group Worldwide Inc., Smith Metal Products and Netshape Technologies Inc.
The key players are adopting various key strategies such as product launches, collaborations, mergers & acquisitions which are contributing to the growth of the Metal Injection Molding Market.
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