Injection Molding
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2014-2020
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Powder Injection Molding Market - Global Industry Analysis and Opportunity
Assessment 2014 - 2020
Powder injection molding is an industrial manufacturing solution for producing alloy, metal, and ceramic parts. This process is widely used on account of its advantages, such as cleaner product output over other processes. The powder injection molding market is likely to grow with double digit CAGR over the entire forecast period. In addition, it is also expected that powder injection molding market value will grow 2X in 2020 as compared to its 2013 values. The powder injection molding market can be segmented on the basis of its technology, such as ceramic injection molding (CIM) and metal injection molding
(MIM).
These technologies are expected to grow further owing to the demand from applications such as automotive, medical, healthcare, aerospace, consumer products, industrial machinery and others. Growing industrial expansion activities in regions such as Asia
Pacific and Rest of the World are likely to spur the demand for powder injection molding market in such applications.
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Further, on the basis of raw material used; global powder injection molding market can be categorized as stainless steel, soft magnetic alloys, titanium alloys, and low-alloy steels. Raw materials are selected on the basis of its end-use industry where innovation in the material science industry has led to the expansion of application areas. Some of the key end-usages propelling the demand for powder injection molding processes include electronic gadgets, medical equipments,