Metal Injection Molding Market Size To Reach USD 6.78 Billion In 2030 | Rapid Urbanization And Increasing Investments In Manufacturing Industries Are Driving Market Revenue Growth, Says Reports and Data

2022-04-22 21:53:51 By : Ms. Tracy Yu

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NEW YORK , April 6, 2022 /PRNewswire/ -- The global metal injection molding market size is expected to reach USD 6.78 Billion in 2030 and register a revenue CAGR of 8.1% over the forecast period, according to latest report by Reports and Data. Rising demand for customized metal components is one of the crucial factors driving metal injection molding market revenue growth.

Metal injection molding is an advanced manufacturing process that aids in imparting desired shape to molten metals. Due to rising demand for high volume, complex metal parts for automotive and defense applications, metal injection molding process has supplanted other traditional molding technology. The prepared mixture, which usually consists of a binder and metal powder, is fed into an injection molding machine, which thereby injects feed into another equipment to achieve desired shape. Metal injection molding has become increasingly popular in manufacturing industry in recent years due to reduced waste generation, cost-effectiveness, and short production time.

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Increasing demand for small metallic components induced with various mechanical properties is driving demand for metal injection molding process. In addition, metal injection molding process is significantly utilized for manufacturing critical medical equipment that is used for various medical procedures. For instance, vascular therapies, intravenous therapies, invasive surgery, and advanced drug delivery equipment require instruments that have high precision and accuracy. Metal injection molding process aids in achieving these qualities due to its advanced manufacturing process.

Some Key Highlights from the Report

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To identify the key trends in the industry, research study at https://www.reportsanddata.com/report-detail/metal-injection-molding-mim-market 

For the purpose of this report, Reports and Data has segmented the metal injection molding market based on material, end-use, and region:

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