Metal injection molding powders, which are also known as powders injection molding, is a technology used in the manufacturing of complex, net-shape and precision components from metal powder. In this process, the most important characteristic is the particle size of powder, which ranges from 16 µm to 38 µm. This particle size is a key component, as it helps in determining surface quality of the end product.
The metal injection molding powders market is expected to exhibit significant growth over the forecast period, owing to cost-effectiveness of these powders in the manufacturing of high volume complex parts. Moreover, the time required for the manufacturing activities is highly reduced as compared to other techniques such as investment casting. The finishing activities, which are required to be performed on the end products, are also reduced. This helps in saving both time and cost. The growing consumer electronics industry, which involve a filler conductor material is also expected to drive growth of the market. However, growth of the market is expected to be hampered by the deployment of other technologies such as investment casting and die casting among others.
Among end use, the aerospace and defense segment is expected to exhibit significant growth over the forecast period. This industry is recognized as one of the major and most potential market for metal injection molding powders. However, unique requirement of the sector along with limited public exposure for successful applications in aerospace sector has resulted in low market penetration. The major growth potential for its use in the aerospace industry would be in terms of its ability to contribute to cost reduction, which would be a result of the near net shape capability and improved resource efficiency with regards to lower energy consumption and higher material utilization levels.
The global metal injection molding powders market is quite dynamic, owing to the diversity of end-users from various industry verticals. Among all the regions, Asia Pacific region holds dominant position in the global metal injection molding powders market and is expected to maintain its dominance over the forecast period. The expansion of automotive industry in emerging economies such as India, China, and Japan is driving growth of the market in this region. Furthermore, the market is driven by the growth of electronics industry and lower cost of production in the region.
Key players operating in the global metal injection molding powders market include Sandvik AB (Sweden), OptiMIM (U.S.), MIM International (India), CRS Holdings Inc. (U.S.), ARCMIM (U.S.), AmTech International (U.S.), Sintex a/s (Denmark), Sinotech (China), and Alpha Precision Group, LLC (U.S.) among others.
On the basis of material type, the global metal injection molding powders market is segmented into:
- Stainless Steels
On the basis of application, the global metal injection molding powders market is segmented into:
- Medical Manufacturing
- Firearm Components
- Aerospace and Defense
- Industrial and Consumer Applications
On the basis of region, the global metal injection molding powders market is segmented into:
- North America
- South America
- Rest of South America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Middle East & Africa