Middle East and Africa Metal Injection Molding (MIM) Market, By Type (Carbonyl Method, High-Pressure Gas Atomization, Ultra-High Pressure Water Atomization), Material (Stainless Steel, Low Alloy Steel, Carbon Steel, Magnetic Alloys, Soft Magnetic Alloy, Cobalt Alloy, Zirconia, Alumina, Tool Steel, Tungsten Steel, Titanium, Controlled Expansion Alloys, Hard Metals, High-Temperature Alloys, Iron, Nickle, Chromium, Molybdenum, Carbonyl Iron Powder and Others), Industry (Automotive, Aerospace, Defense and Firearms, Electrical and Electronics, Power Tools, Industrial, Sporting Goods, Medical and Dental, Oil Exploration, IT, Industrial, Consumer Goods, and Others) - Industry Trends and Forecast to 2023 to 2030.
Middle East and Africa Metal Injection Molding (MIM) Market Analysis and Size
The global metal injection molding (MIM) market is growing by factors such as the cost-effectiveness of raw materials, rapid industrialization, and the growth of industries like automotive, aerospace, consumer goods, and medical devices. MIM technology enables the production of metal parts with faster processing times, elimination of secondary operations, and improved tolerance levels in the final products. These advantages make MIM an attractive choice for various industries seeking efficient and high-quality metal components.
Data Bridge Market Research analyses that the metal injection molding (MIM) market, valued at USD 148.80 million in 2022, will reach USD 291.10 million by 2030, growing at a CAGR of 8.75% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Middle East and Africa Metal Injection Molding (MIM) Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Carbonyl Method, High-Pressure Gas Atomization, Ultra-High Pressure Water Atomization), Material (Stainless Steel, Low Alloy Steel, Carbon Steel, Magnetic Alloys, Soft Magnetic Alloy, Cobalt Alloy, Zirconia, Alumina, Tool Steel, Tungsten Steel, Titanium, Controlled Expansion Alloys, Hard Metals, High-Temperature Alloys, Iron, Nickle, Chromium, Molybdenum, Carbonyl Iron Powder and Others), Industry (Automotive, Aerospace, Defense and Firearms, Electrical and Electronics, Power Tools, Industrial, Sporting Goods, Medical and Dental, Oil Exploration, IT, Industrial, Consumer Goods and Others)
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Countries Covered
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South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
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Market Players Covered
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ASH Industries (U.S.), Rockleigh Industries. (U.S.), Molex (U.S.), Schunk Group (Germany), Sandvik AB (Sweden), TEKNA. (Canada), PSM Industries (U.S.), GKN Powder Metallurgy (U.S.), Advanced Powder Products, Inc. (U.S.), Alpha Precision Group (U.S.), CMG Technologies (U.K.), Epson Atmix Corporation (Japan), Hitachi, Ltd. (Japan), Smith Metal Products. (U.S.), Parmaco Metal Injection Molding AG (Switzerland), INDO-MIM (India), Optimim. (U.S.), ARC Group Worldwide (U.S.), Dou Yee Technologies. (Singapore), Husky Technologies. (Canada)
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Market Opportunities
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Market Definition
Metal injection molding (MIM) is a procedure of joining finely powdered metal with a binder material to make a feedstock output, with the aid of injection molding. After that the feedstock is given shape and solidified, the molding technique allows high-volume, complex parts to be shaped limited time or a few steps. In the molding method, the required part is exposed to conditioning processes to eliminate the binders
Middle East and Africa Metal Injection Molding (MIM) Market Dynamics
Drivers
- Rising demand for wood grain powder coating
The increasing demand for wood grain powder coating is complemented by the time-saving and cost-cutting benefits of metal injection molding (MIM). Unlike traditional machining methods, MIM eliminates the need for expensive equipment and intricate processes, streamlining the product development cycle. MIM enables the production of metal parts with intricate designs, precise tolerances, and enhanced surface treatments, offering users higher density, branding opportunities, and improved overall quality.
- Rising technical advancements and new designs
The rise in technological advancements and the ability to create innovative designs is propelling the growth of metal injection molding (MIM). MIM enables the production of highly precise and complex final products, surpassing the limitations of traditional metalworking techniques. Its virtually boundless design capabilities allow for the creation of structures and shapes with precise tolerances. This flexibility and precision offered by MIM are key factors driving it's expanding market adoption.
Opportunities
- Utilization in different industries
MIM technology has a broad range of utilization such as aerospace, automotive, telecommunications, optical, medical, and watch businesses. The high demand for lightweight and tiny automotive parts is also creating opportunities for MIM businesses, An increasing demand for healthcare businesses, rising technological developments, and the increasing call for lightweight and smaller automotive parts are creating opportunities for the MIM market to grow.
- Active collaboration of key players
The growing mergers and collaborations among key players in the industry pay a vital role in the development and advancement of the metal injection molding market. For instance, metal powder products announced that it had finished the acquisition of Proform Powdered Metals, based in the U.S. It is a leading giver of high-quality sintered bronze bearings and spacers, which creates an opportunity for the MIM market to grow.
Restraints/Challenges
- Fluctuations in raw materials
Fluctuating raw material prices in metal injection molding (MIM) can lead to increased production costs, subsequently impacting product costs. This can create a negative effect on the overall market growth as higher prices may reduce the affordability and competitiveness of MIM products. Careful management of raw material costs becomes essential to mitigate this impact and ensure sustained growth in the MIM market.
- Worker health issue
The growing concern among individuals regarding the negative impact on health-related to the consumption of IBS drugs use in MIM is one of the main factors forecast to slow down the market growth. For instance, a serious and more common pancreatic inflammation can arise from the dual mu-opioid nicotinic receptor eluxadoline, which is aid addressing digestive problems in some people, can restrain the market growth of the MIM market
This metal injection molding (MIM) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the metal injection molding (MIM) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In August 2021, Metal Powder Products declared that it had finished the gaining of Proform Powdered Metals, based in the United States. It is a foremost provider of high-quality sintered bronze bearings, bushings, and spacers.
- In 2020, Indo-MIM Pvt. Ltd. invested around $70 million to expand its manufacturing facilities in India, with a focus on boosting production capacity for MIM components in automotive, aerospace, medical, and defense sectors.
Middle East and Africa Metal Injection Molding (MIM) Market Scope
The metal injection molding (MIM) market is segmented on the basis of type, material and industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Carbonyl Method
- High-Pressure Gas Atomization
- Ultra-High Pressure Water Atomization
Material
- Stainless Steel
- Low Alloy Steel
- Carbon Steel
- Magnetic Alloys
- Soft Magnetic Alloy
- Cobalt Alloy
- Zirconia
- Alumina
- Controlled Expansion Alloys
- Hard Metals
- High-Temperature Alloys
- Iron
- Nickle
- Chromium
- Molybdenum
- Carbonyl Iron Powder
- Others
- Tool Steel
- Titanium
- Tungsten
Industry
- Automotive
- Electrical Systems
- Fuel System
- Interiors
- Powertrain
- Safety System
- Others
- Aerospace
- Fasteners
- Screws
- Seatbelt Components
- Bushings
- Rotors
- Others
- Defense and Firearms
- Fire Suppression
- Cam Block
- Sensor Housings
- Others
- Electrical and Electronics
- Fiber Optic Connectors
- Filter Components
- Heat Sinks
- Micro-Switches
- Connectors
- Others
- Power Tools
- Industrial
- Sporting Goods
- Medical and Dental
- Surgical Instruments
- Orthopaedic
- Implants
- Others
- Oil Exploration
- IT
- Consumer Goods
- Others
Metal Injection Molding (MIM) Market Regional Analysis/Insights
The Metal Injection Molding (MIM) market is analysed and market size insights and trends are provided by type, material and industry as referenced above.
The countries covered in the metal injection molding (MIM) market report are South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
South Africa in the Middle East and Africa is dominating the metal injection molding (MIM) market due to material they provides is high in quality, good finishing than other material.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Metal Injection Molding (MIM) Market Share Analysis
The metal injection molding (MIM) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to metal injection molding (MIM) market.
Some of the major players operating in the metal injection molding (MIM) market are:
- ASH Industries (U.S.)
- Rockleigh Industries. (U.S.)
- Molex (U.S.)
- Schunk Group (Germany)
- Sandvik AB (Sweden)
- TEKNA. (Canada)
- PSM Industries (U.S.)
- GKN Powder Metallurgy (U.S.)
- Advanced Powder Products, Inc. (U.S.)
- Alpha Precision Group (U.S.)
- CMG Technologies (U.K.)
- Epson Atmix Corporation (Japan)
- Hitachi, Ltd. (Japan)
- Smith Metal Products. (U.S.)
- Parmaco Metal Injection Molding AG (Switzerland)
- INDO-MIM (India)
- Optimim. (U.S.)
- ARC Group Worldwide (U.S.)
- Dou Yee Technologies. (Singapore)
- Husky Technologies. (Canada)
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