This BCC Research report studies the the current growth, potential future growth and the changes that are taking place in the MIM market. Since CIM is a related market, this industry is also covered in this report, with coverage expanded from the previous reports. Forecast provided through 2020.
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Understand the current growth, potential future growth and the changes that are taking place in the MIM market. Learn about assessments of the current technology, new developments, and business opportunities for powder injection molding (PIM) components. Learn from company profiles of global players that participate in the ceramic and metal injection molding business. Analyze U.S. patents related to the MIM industry.
The global powder injection molding components (PIM) market reached $2.0 billion in 2014 and should reach $3.1 billion in 2020, with a compound annual growth rate (CAGR) of 7.6% over the next six years. Asian sales for PIM reached $798 million in 2014 and should reach nearly $1.3 billion by 2020 at a CAGR of 7.9%. North American sales for PIM reached $492 million in 2014 and should reach $790 million by 2020 at a CAGR of 8.2%.
STUDY GOALS AND OBJECTIVES
The global markets for metal injection molding (MIM) and ceramic injection molding (CIM) have exhibited spectacular growth over the last two decades. BCC Research has studied this market three times in the past: first in 2005, then in 2008, and most recently in 2014.
In 2004, the global market for MIM was reported to be $382 million, with expected growth to $571 million by 2009. In 2009, the market for MIM was reported to be $985 million, with expected growth to $1.9 billion by 2014. BCC Research then reported the global MIM market to be $1.5 billion in 2012 with expected growth to nearly $2.9 billion by 2018.
Currently, BCC Research is reporting the market at $2.0 billion in 2014, with projected growth to $3.1 billion by 2020.
The main objective of this report is to understand the current growth, potential future growth and the changes that are taking place in the MIM market. Since CIM is a related market, this industry is also covered in this report, with coverage expanded from the previous reports.
On the supply side, the report also takes a deeper look into numerous metal and alloy powder markets worldwide. Countries that are strong in the manufacture of various metal powders, as well as lists of exporters and importers, are provided where such data is available. The titanium powder market in particular is covered in detail, as the aerospace market is growing strongly for this application segment.
On the application side, the report covers MIM manufacturers with detailed market analysis of various segments such as firearms, medical and dental products, and the watch industry. The 3C market is also discussed. Numerous lists of customers that import products in these market segments are provided, which should help MIM manufacturers grow their market base in a targeted geographical manner.
The report also looks into the technical aspects of the industry, and discusses the technical trends, current challenges and breakthroughs, and potential future directions the industry will take. A chapter has been devoted to analysis of the U.S. patents related to the MIM industry. Here trends in various subcategories are discussed. Companies that are at the forefront of MIM processes as well as application technologies are listed.
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