Rockville, MD -- (SBWire) -- 07/01/2019 --Metal Injection Molding (MIM) Powders Market Introduction
Metal Injection Molding (MIM) Powders sometimes also referred to as Powdered Injection Molding (PIM) refer to the powders used in an advanced metal forming technique of metal injection molding for the production of metal parts with high tolerance. The scope of metal injection molding (MIM) powders market growth is expected to be significantly high as it has capabilities of replacing other conventional techniques such as machining and investment casting. In metal injection molding (MIM) powders market, the particle size distribution of powder is a key characteristic as this is the key feature responsible for the surface quality of end-product. Therefore, manufacturers offer metal injection molding (MIM) powders in a range of particle size distribution that typically spans from 16 ?m to 38 ?m. Furthermore, the metal injection molding (MIM) powders market is segmented by the different types of material used for their production that range from stainless steel to alloys that can be high density, soft magnetic and controlled expansion alloys among others.
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Metal Injection Molding (MIM) Powders Market Dynamics
Metal Injection Molding (MIM) Powders Market Drivers
Various advantages offered by the metal injection molding (MIM) powders over others is expected to be one of the key driving factor for the growth of metal injection molding (MIM) powders market. For instance, it offers cost-effective manufacturing to the high volume complex parts manufactures. Also, the production time by the application of metal injection molding (MIM) powders is highly reduced when compared with investment casting. Furthermore, finishing operations required on the end-products are minimum. These advantages offered by the application of metal injection molding (MIM) powders in manufacturing is extensively attractive to the end-users and hence, the sales of metal injection molding (MIM) powders has increased which is expected to increase further due to higher end-use production.
By end use sectors, demand of metal injection molding (MIM) powders is estimated mainly from automotive, electricals and electronics industries that is being witnessed currently due to high production in China and other Asian countries. The flourishing consumer electronics and related components involving a filler conductor material is expected to be the major driving factor leading to the growth of global metal injection molding (MIM) powders market as these are some of the key end-uses of metal injection molding (MIM) powders.
Metal Injection Molding (MIM) Powders Market Restraints
The global metal injection molding (MIM) powders market can be potentially restrained by the products of other technologies such as die casting, investment casting, and machining among others that are also available in the market and are potential competitors of the metal injection molding (MIM) powders.
Metal Injection Molding (MIM) Powders Market Trends
Out of different types of metal injection molding (MIM) powders material, iron and nickel are some of the more preferred material type for metal injection molding (MIM) powders production because of their advantageous features such as easy sintering and melting temperature compatibility. Hence, they are expected to hold dominating shares of the global metal injection molding (MIM) powders market by volume.
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Metal Injection Molding (MIM) Powders Market Segmentation
The global Metal Injection Molding (MIM) Powders market can be segmented on the basis of type, applications, end-use industries and regions.
On the basis of material type, the global Metal Injection Molding (MIM) Powders market can be segmented as:
Iron
Nickel
Chromium
Molybdenum
Stainless Steels
Alloys
On the basis of end-use, the global Metal Injection Molding (MIM) Powders market can be segmented as:
Medical Manufacturing
Firearms Components
Aerospace and Defense
Orthodontics
Automotive
Electronics/Electricals
Industrial and Consumer Applications
Metal Injection Molding (MIM) Powders Market Participants
Some of the market participants identified across the value chain of global Metal Injection Molding (MIM) Powders market are
Sandvik AB
OptiMIM
MPP
MIM International
CRS Holdings Inc.
ARCMIM
AmTech International
Sintex a/s
Sinotech
Alpha Precision Group, LLC
Metal Injection Molding (MIM) Powders Market Regional Outlook
Regionally, the global metal injection molding (MIM) powders market is quite dynamic as the diversity of end-uses of metal injection molding (MIM) powders is vast. The global metal injection molding (MIM) powders market is dominated by Asia Pacific region in terms of electrical and electronics application, while Europe region is dominated because of high consumption of automotive and other consumer products. Defense, medical and orthodontics application of metal injection molding (MIM) powders are expected to hold dominating shares in North America and Latin America.
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The Report covers exhaustive analysis on:
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Regional analysis includes:
North America (U.S., Canada)
Latin America (Mexico, Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
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Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current, and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Market potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint
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Metal Injection Molding (MIM) Powders Market: Expansion Strategies Set to Generate Substantial Revenue in the Near Future