The global Metal Injection Molding Market size is expected to reach USD 6.78 Billion in 2030 and register a revenue CAGR of 8.1% over the forecast period, according to the latest report by Reports and Data. Increasing government investments in defense equipment are driving Metal Injection Molding Machine market revenue growth.
Metal Injection Molding Machine is a versatile, cost-effective, and innovative process that provides product designers and production engineers with versatility when working with metal alloys. Metal is an excellent replacement for plastic and ceramic components as they are unable to perform as expected. Metal Injection Molding Machine focuses on quality and precision and the process is closely monitored to ensure that it meets the needs. When a metal alloy is selected for a specific application, the geometry of the component is constrained by the cost of shaping operations. With the formation of net shape parts in the tool, Metal Injection Molding Machine helps to overcome this issue. Metal Injection Molding Machine has advantages such as resistance to wear and corrosion, thermal stability, high mechanical strength, and dimensional stability.
Metal injection molded components are increasingly used in drug delivery and joint replacements, which is driving the market growth. There has been significant progress in developing implantable Metal Injection Molding Machine products in healthcare. For instance, the base plate of an implantable infusion pump is a costly component that combines several functional elements. Moreover, it has an aspect ratio of 78 mm diameter and 1 mm wall thickness which is challenging to achieve using a traditional cold running tool. Thus, a hot runner is being employed to achieve desired mold dimension.
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The global materials chemicals industry involves the production, distribution, sales, and consumption of industrial chemicals, specialty chemicals, commodity (bulk) chemicals, and raw materials such as natural gas, oil, paper pulp, and metals minerals. The growth of the global materials chemicals industry is mainly attributed to fast-paced industrialization and extensive usage of bulk petrochemicals, electronic chemicals, polymers, inorganic chemicals, fertilizers, adhesives, sealants, coatings, and various other products in different industries including oil gas, pharmaceutical, food beverage, cosmetics personal care, textile, manufacturing, petrochemical, and water, and wastewater treatment industries. Technological innovations in the electronics and semiconductor industries, rising demand for nanomaterials, and increasing preferences for environmentally sustainable chemicals and materials are other major factors contributing to the global materials chemicals industry growth.
Top companies operating in the market and profiled in the report include:
ARCMIM, Dynacast, Husky Injection Molding Systems Ltd., Tanfel Metal, Injectamax International, LLC. MIM India Company, Reaux Medical Molding, DK ENGINEERING, Mahler GmbH, NetShape Technologies, and Smith Metal Products, among others.
Metal Injection Molding Machine Market Segmentation:
The report segments the Metal Injection Molding Machine markets on the basis of product types, end-use industries, technology, and region.
Product Outlook (Revenue, USD Billion; 2020-2028)
- Carbonyl Method
- High-Pressure Gas Atomization
- Ultra-High Pressure Water Atomization
Material Type Outlook (Revenue, USD Billion; 2020-2028)
- Stainless Steel
- Low Alloy Steel
- Soft Magnetic Material
End Users Outlook (Revenue, USD Billion; 2020-2028)
- Automotive
- Medical and Orthodontics
- Electrical and Electronics
- Consumer Industrial
- Aerospace and Defense
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Major Regions covered in the report:
- North America (U.S.A., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of Europe)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Points Illustrated in the Regional Analysis:
- Regional contribution to the overall market revenue
- Forecast revenue share of each regional market
- Vital information and data related to the production and consumption rates in all the regions
- Factors driving the regional market growth over the forecast period
- Leading products and application segments in each regional market
- Presence of key market competitors in each of these regions
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