Global Powder Injection Molding (PIM) Market size is expected to reach nearly US$ 2889.1 Mn. by 2026 with the CAGR of 9.8% during the forecast period.
Powder Injection Molding (PIM) Market Overview:
The Powder Injection Molding (PIM) Market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the Powder Injection Molding (PIM) Market, as well as the causes for variances in the industry’s growth in various places
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Powder Injection Molding (PIM) Market Scope:
To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.
Powder Injection Molding (PIM) Market Drivers:
The global powder market is driven by the increased durability that can stand in high temperature and pressure in various applications like defense, aerospace, automotive, medical, etc. The technological advancement in the manufacturing of medical equipment like various surgical tools on large scale is driving the powder injection molding market. moreover, the complex parts of the watch due to innovation is difficult to manufacture by a traditional method like precision casting, die-casting are less preferred and powder injection molding more.
As the demand for metal injections and powder injection molding has increased due to satisfying results and longer stability the demand for raw material supply has also increased. Initially in traditional methods, the cost of raw material was less and in newly developed powder injection molding the cost of raw material is high and this factor acts as a challenge for the manufactures to maintain the overall cost of the end product.
Powder Injection Molding (PIM) Market Segmentation:
By Technology
Metal Injection Molding
Ceramic Injection Molding
By End-User
Surgical Equipment’s
Watches
Electronic Components
Other
By Raw material
Nickel Alloy
Titanium Alloy
Stainless steel
Cobalt Alloy
Other
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Powder Injection Molding (PIM) Market Key Players: The key players are
• Arburg GmbH
• Epson Atmix Corporation
• Phillips-Medsize Corporation
• Zoltrix Material Guangzhou Ltd.
• Morgan Advanced PLC
• Plansee Group
• Reaux Medical Molding.
• Dynacast International
• Vibrom
• Mahler GmbH
• ARC Group Worldwide
• Advanced Materials Technologies
• Cypress Industries
• Fours Industriels B.M.I.
• Indo-US MIM Tec Pvt. Ltd.
Regional Analysis:
Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Powder Injection Molding (PIM) Market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
Key Questions Answered in the Powder Injection Molding (PIM) Market Report are:
Which sub-segment had the largest share in the Powder Injection Molding (PIM) Market?
How is the competitive landscape of the Powder Injection Molding (PIM) Market in 2023?
Which are the key drivers impacting the Powder Injection Molding (PIM) Market growth?
Which region holds the maximum share in the Powder Injection Molding (PIM) Market?
What will be the CAGR of the Powder Injection Molding (PIM) Market during the forecast period (2023-2029)?
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