According to a latest report from the BCC Research Center, the global metal injection molding (MIM) and ceramic injection molding (CIM) parts market reached $1.5 billion in 2012, and is expected to increase to $2.9 billion in 2018, with a growth rate of 11.4%. In the past two decades, the global metal injection molding and ceramic injection molding markets have shown astonishing growth, and this trend is expected to continue. The application of injection molded parts is becoming increasingly widespread, including medical, electronic and communication, and luxury goods. In addition, there are also some new applications, especially firearms.
In the past decade, the growth of injection molded parts in mobile phones, other handheld products, and the electronics industry has also promoted the development of the industry. This has also led to the gradual transfer of industry foundations to emerging markets and Asian markets that have the majority of electronic manufacturing.
Another major change in the industry is that the largest enterprise in the industry is starting to break through the $50 million mark. The first two MIM manufacturers that exceeded $50 million were ARC Group and Indo-US MIM. The BCC Research Center believes that by 2018, there may be five to ten companies exceeding $50 million, with several exceeding $100 million.
Keywords: Metal powder metallurgy Metal powder injection molding Metal powder injection molding PIM Powder metallurgy MIM Powder injection molding CIM Powder injection molding Ceramic powder injection molding Ceramic powder injection molding