Metal Injection Molding Market Trends

Growth Drivers

• Growing Demand and Benefits of Wood Grain Powder Coating – This technology does not require costly multistage machining processes in order to operate and reduces the product development cycle. In addition, it provides metal parts with detailed product designs. The manufacture of components with a wide variety of shapes and precision tolerances is also possible. Furthermore, it is capable of offering a higher density, tolerance, surface treatment, and branding factor to the customer. The wood grain powder coating market is estimated to reach USD 9000 million by 2022.
• Rising Technical Advancements and Novel Designs – The MIM process enables the highest precision to be obtained from a final product, no matter how complex its design is. Also, precise tolerances can be produced in the production of components. The MIM design is virtually limitless in comparison to traditional metalworking techniques. For instance, improved mechanical properties of MIM biodegradable Fe-Mn alloy with a low C addition were recently launched.
• Increasing Demand for Metal Injection Molding in Healthcare –  The new EP62HT1RM is a two-component epoxy with superior resistance to heating and chemicals, which withstands further harsh sterilization.
• Increasing Mergers and Acquisitions to Drive the Market – It is expected that increasing mergers and collaborations between key players in the industry contributes to the growth of the metal injection molding market in the forecast period. In 2021, metal powder products announced that it had completed the acquisition of Proform Powdered Metals, based in the U.S. It is a leading provider of high-quality sintered bronze bearings and spacers.

Challenges

• Fluctuations in raw materials - The increasing concern amongst individuals for the side effects associated with the consumption of IBS drugs is one of the major factors predicted to slow down the market growth. For instance, pancreatitis, a serious and more common pancreatic inflammation, can arise from the dual mu-opioid nicotinic receptor eluxadoline, which is employed to address digestive problems with incontinence in some people.
• Lack of skilled professionals
• Stringent government regulations