Global Powder Injection Molding (PIM) Market Overview
Global powder injection molding market stood at around $ 4.4 billion in 2018 and is projected to grow to reach $ 6.8 billion by 2024. The growth in the market is led by rising demand for powder injection molding form automotive industry and growing inclination towards miniaturized complex components. Powder injection molding is a technique of molding ceramics or metals to improve its physical, chemical, mechanical and electrical properties. This process is used extensively in manufacturing complex parts of a machine.
Global Powder Injection Molding (PIM) Market Segmentation
Global powder injection molding market has been categorized into raw material, technology, application and region. Based on raw material, the market has been segmented into Cobalt Alloys, Copper Alloys, Titanium Alloys, Tungsten Alloys, Stainless Steel, Nickel Alloy and Others. Based on technology, the market has been bifurcated into metal injection molding (MIM) and ceramics injection molding (CIM). Application of powder injection molding technology depends on the raw material type and its strength. Notably, ceramic injection molding is used in the manufacturing of electronic components such as chargers. On the basis of application, global powder injection molding market has been segmented into aerospace, automotive, electrical and electronics and others.
Global Powder Injection Molding (PIM) Regional Segmentation
North America dominated global powder injection molding market in 2018 and is anticipated to continue its market dominance during forecast period, owing to growing demand for metal injection molding (MIM) from the automotive industry.
Competitive Landscape
Some of the leading companies in global powder injection molding (PIM) market are ARBURG, GKN Plc, ARC Group Worldwide, Advanced Materials Technologies Pte. Ltd, AMT, CNI (Zoltrix Material International), Dynacast, among others.
Years considered for this report
Historical Years2014-2017
Base Year2018
Estimated Year2019
Forecast Period2020-2024
Objective of the Study
- To analyze and forecast global powder injection molding (PIM) market size.
- To forecast global powder injection molding (PIM) market based on raw material, technology, application and regional distribution.
- To identify drivers and challenges for global powder injection molding (PIM) market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global powder injection molding (PIM) market.
- To conduct the pricing analysis for powder injection molding (PIM) market.
- To identify and analyze the profile of leading players involved in the manufacturing of powder injection molding (PIM).
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Some of the leading players in global powder injection molding (PIM) market are ARBURG, GKN Plc, ARC Group Worldwide, Advanced Materials Technologies Pte. Ltd., AMT, CNI (Zoltrix Material International), Dynacast, Epson Atmix Corporation, GKN plc, Indo-US MIM Tec Pvt. Ltd., MPP, ARBURG, ARC Group Worldwide, among others.
Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of leading manufacturers across the globe. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the manufacturers which could not be identified due to the limitations of secondary research. Market insights research analyzed the product offerings, distribution channels and presence of all major players operating in global
Market insights research calculated global
Key Target Audience
- Powder Injection Molding (PIM) manufacturers and suppliers
- Organizations, forums and alliances related to Powder Injection Molding (PIM)
- Government bodies such as regulating authorities and policy market
- Market research and consulting firms
The study is essential in delivering useful information to industry stakeholders such as manufacturing companies, suppliers and other major end users. The report also provides useful insights about which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth opportunities in specific market segments and geographies.