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Powder injection molding refers to the process of molding metals and ceramics to better electrical properties, mechanical properties, chemical properties, and physical properties in the material. Powder injection molding process is widely utilized in the making of complicated parts of machines. A binder is utilized in the powder injection molding technology, which assists in the binding of polymers and accurate making of complex machine parts. The global powder injection molding (PIM) market is likely to grow substantially over the forecast tenure, thanks to its increased demand from various end use industries.

Some of the typical areas of operation of the powder injection molding technology are as mentioned below:

  • Watch industry
  • Electrical industry
  • Optical industry
  • Aeronautics and space industry
  • Automotive industry
  • Machine building
  • Medical technology

The entire process of powder injection molding takes place in four different phases, which are as mentioned below:

  • Sintering
  • Debinding
  • Forming
  • Material preparation

The global powder injection molding (PIM) market is likely to gather momentum from its extensive use in the automotive industries. This technology finds use in the medical industry as well, it is used in surgical equipments, which is estimated to bolster demand for powder injection molding in years to come. In addition, in the watch making industry, old traditional methods such as precision casting, die-casting are not as useful as powder injection molding technology.

In terms of region, Asia Pacific is estimated to account for a leading share of the global powder injection molding (PIM) market over the period of review. China is forecasted to account for most of the demand in the region, owing to the strong presence of defense, aerospace, and electronics sectors. It is mostly from the electronics industry, particularly the mobile phone industry, the powder injection molding is expected to benefit the most in China.

Global Powder Injection Molding (PIM) Market: Overview

The demand for power injection molding has increased as it is widely used in manufacturing small components in large quantities.  Powder of ceramics, metals or alloys is used in large quantities in this advanced molding technique.  In addition, powder injection molding is employed largely in various applications, as it provides high durability and tensile strength to components.   

The report on the global powder injection molding market includes all the major factors driving the growth in this market in different regions. The report elucidates on the key ongoing trends in the market and unveils various opportunities that can assists in the growth of this market. Positive and negative both the factors are systematically elucidated in the report to give out the clear picture of the market and how it can grow in the coming years. All the information provided in the report is derived from various authentic sources including journals, podcast, interviews, and various similar platforms. Geographic analysis and competitive landscape is also mentioned in the report help decision makers to take well-informed decisions.  

Global Powder Injection Molding (PIM) Market: Trends and Opportunities  

Application of metal injection molding has been high in various industries but its significance has recently grown the automotive industry. There is a huge scope of growth of penetration and awareness of MIM in the automotive industry in the coming years. Moreover, other property of powder injecting molders is its capability to withstand high pressure and temperature has fueled its demand in defense and aerospace industries. There is a high demand for powder injection molders in surgical equipment as well. 

However, traditional standards and approvals for export might obstruct the growth in the global powder injection molding market. But rapidly growing trade unions between countries might assist the growth in this market.  

Global Powder Injection Molding (PIM) Market: Geographic Analysis 

In terms geographic analysis, Asia Pacific is projected to lead the market in the coming years. There is huge demand for powder injection molding in the rapidly growing electronic equipment market in this region. Among the various countries, China is likely to create the largest demand for powder injection moldings in the near future. Significant growth in mobile phone industry in China as well as India has also accelerated the growth in this market.  Including China and India, South Korea has also offered lucrative growth prospects for this market with the increasing use of powder injection molding in aerospace, automotive, and consumer goods industries. 

Global Powder Injection Molding (PIM) Market: Companies Mentioned 

This section focuses on the prominent players operating in the global powder injection molding market. It includes all the crucial information related to the competitive landscape, key strategies, and major steps taken by some of the players that will have a significant impact on the market. According to the report, Reaux Medical Molding., Dynacast International, Vibrom, Mahler GmbH, ARC Group Worldwide, Advanced Materials Technologies., ARBURG, Cypress Industries, Fours Industriels B.M.I., and Indo-US MIM Tec Pvt. Ltd. are some of the key players operating in this market.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Powder Injection Molding Market