Market Size of Powder Injection Molding (PIM) Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 10.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Powder Injection Molding (PIM) Market Analysis
The market for powder injection molding (PIM) is expected to register a CAGR of more than 10%, during the forecast period. Major factors driving the market studied are the rise in demand for metal injection molding (MIM) from the automotive industry and the shift of focus from conventional metal forming techniques in the manufacturing of aerospace components. However, the growth of bio-based polymers is expected to hinder the market growth.
- The metal injection molding (MIM) technology segment dominated the market. It is expected to grow during the forecast period, owing to the growing industriessuch asaerospace,consumer electronics, etc.
- Emerging applications in the optical fiber industry are likely to act as an opportunity in the future.
- Asia-Pacific dominated the global market, with the largest consumption generated from China and Japan.
Powder Injection Molding (PIM) Industry Segmentation
The scope of the powder injection molding (PIM) market report includes:
| By Technology | |
| Metal Injection Molding (MIM) | |
| Ceramics Injection Molding (CIM) |
| By Application | |
| Aerospace and Defense | |
| Automotive | |
| Electrical and Electronics | |
| Medical and Orthodontics | |
| Fire Arms | |
| Consumer Goods | |
| Other Applications |
| Geography | |||||||||
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Powder Injection Molding (PIM) Market Size Summary
The powder injection molding (PIM) market is poised for significant growth, driven by increasing demand from the automotive and aerospace industries, which are shifting from traditional metal forming techniques. The metal injection molding (MIM) segment, in particular, is expected to lead the market due to its applications in high-strength, complex parts used in various sectors such as automotive, consumer electronics, and aerospace. The automotive industry, a major consumer, utilizes MIM for components like engines and gearboxes, while the electronics sector in Asia-Pacific heavily relies on MIM for parts like lightning connectors and mobile phone components. Despite the promising growth, the rise of bio-based polymers presents a challenge to market expansion.
Asia-Pacific stands out as the largest and most promising market for PIM, with China and Japan leading in consumption. The region's dominance is attributed to its robust electronics and automotive industries, with China being a significant player due to its vast electronics production base. The market in China has benefited from the booming smartphone industry and the demand for advanced electronics. The competitive landscape of the PIM market is fragmented, with numerous players such as ARBURG, ARC Group Worldwide, and GKN PLC, contributing to its dynamic nature. The ongoing developments in the automotive, aerospace, and consumer goods sectors across Asia-Pacific further bolster the market's growth prospects.
Powder Injection Molding (PIM) Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Rise in Demand for Metal Injection Molding (MIM) from Automotive Industry (in Combustion Engines, Gear Box Parts, Ignition Lock Parts, etc.)
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1.1.2 Shifting Focus from Conventional Metal-forming Techniques in the Manufacturing of Aerospace Components
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1.1.3 Rising Demand for Ceramic Injection Molding (CIM) in the Manufacturing of Watch and Jewellery Industry
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1.2 Restraints
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1.2.1 Growth of Bio-based Polymers
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1.2.2 Rising Environmental Concerns and Stringent EPA Regulations
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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1.5 Raw Material Analysis
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1.6 Regulation Analysis
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1.7 Patent Analysis
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2. MARKET SEGMENTATION
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2.1 By Technology
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2.1.1 Metal Injection Molding (MIM)
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2.1.2 Ceramics Injection Molding (CIM)
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2.2 By Application
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2.2.1 Aerospace and Defense
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2.2.2 Automotive
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2.2.3 Electrical and Electronics
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2.2.4 Medical and Orthodontics
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2.2.5 Fire Arms
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2.2.6 Consumer Goods
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2.2.7 Other Applications
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 ASEAN Countries
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2.3.1.6 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.2.4 Rest of North America
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 France
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2.3.3.4 Italy
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2.3.3.5 Spain
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2.3.3.6 Russia
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2.3.3.7 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle East & Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle East & Africa
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Powder Injection Molding (PIM) Market Size FAQs
What is the current Powder Injection Molding (PIM) Market size?
The Powder Injection Molding (PIM) Market is projected to register a CAGR of greater than 10% during the forecast period (2024-2029)
Who are the key players in Powder Injection Molding (PIM) Market?
ARBURG, ARC Group Worldwide, GKN PLC, MPP and Indo-US MIM Tec Pvt. Ltd are the major companies operating in the Powder Injection Molding (PIM) Market.
