Metal Injection Molding (MIM) Market Analysis 2024-2032: Increasing Need for Lightweight and High Integrity Components Worldwide

Dublin, May 09, 2024 (GLOBE NEWSWIRE) -- The "Metal Injection Molding Market Report by Material Type, End Use Industry, and Region 2024-2032" report has been added to's offering.

The global metal injection molding industry is experiencing significant growth, with expectations to almost double from a value of US$ 4.2 billion in 2023 to US$ 9.1 billion by 2032. This growth is anticipated to occur at a compound annual growth rate (CAGR) of 9% over the forecast period from 2023 to 2032. The expansion has been largely attributed to the method's precision and cost-efficiency, which cater to the demanding automotive sector and the increasing need for lightweight and high integrity components.

The metal injection molding (MIM) market has seen a surge, driven by factors such as the transition of manufacturers from traditional fabrication methods to MIM, due to its various operational benefits. MIM enables the production of components that exhibit excellent corrosion resistance, thermal and dimensional stability, and high mechanical strength. This scalability promotes a wide array of industrial applications, including an influencing presence in the medical field for the creation of intricate surgical tools.

Strategic Moves and Urbanization Uplift Market Horizons

In addition to advancements within the industry itself, an array of external factors has been identified as influencing market growth. Urbanization and industrial development, especially in burgeoning economies, have elevated the market’s prospects. Furthermore, strategic alliances and an augmented focus - and concurrent investment - in research and development to further innovate within the MIM sphere are bolstering the market landscape. These factors collectively contribute to a dynamic market environment poised for continued evolution.

Market Segmentation Highlights and Regional Outlook

The market report segments the global metal injection molding market based on material, end-use industry, and region. A comprehensive analysis shows significant demand across varied segments, including stainless steel and low alloy steel, each catering to diverse industries from automotive and electronics to medical and defense sectors. Regional analysis notes a robust market presence in North America and the Asia-Pacific region, with countries like the United States, China, and India at the forefront of market consumption and innovation.

The Competitive Landscape

The market’s competitive environment is dynamic, with key players focusing on technological advancements and capacity expansions to meet the rising demand for MIM products. The comprehensive competitive landscape includes prominent industry participants, reinforcing the market's vigorous nature and the relentless pursuit of excellence and innovation among competitors.

Companies Featured

  • Amphenol Corporation
  • ARC Group Worldwide Inc.
  • ATW Companies Inc.
  • CMG Technologies
  • CN Innovations Ltd.
  • Dean Group International Ltd.
  • Ernst Reiner GmbH & Co. KG
  • Metal Powder Products LLC
  • Parmaco Metal Injection Molding AG
  • Sintex a/s
  • Smith Metal Products
  • Tanfel Metal

Key Attributes

Report AttributeDetails
No. of Pages143
Forecast Period2023-2032
Estimated Market Value (USD) in 2023$4.2 Billion
Forecasted Market Value (USD) by 2032$9.1 Billion
Compound Annual Growth Rate9%
Regions CoveredGlobal

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Metal Injection Molding Market