Powder Injection Molding (PIM) Market - Growth, Trends, and Forecast (2019 - 2024)

The Market is Segmented by Technology (Metal Injection Molding and Ceramics Injection Molding), Application (Aerospace and Defense, Automotive, Electrical and Electronics, Medical Applications, Fire Arms, Industrial Applications, Consumer Applications, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa).

Market Snapshot

Powder Injection Molding (PIM) Market - Market Summary
Study Period:


Base Year:


Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

Key Players:

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Market Overview

The market for powder injection molding (PIM) is expected to register a CAGR of more than 10%, during the forecast period of 2019-2024. Major factors driving the market studied are the rise in demand for metal injection molding (MIM) from the automotive industry and the shift of focus from conventional metal forming techniques in the manufacturing of aerospace components. However, the growth of bio-based polymers is expected to hinder the market growth.

  • The metal injection molding (MIM) technology segment dominated the market in 2018. It is expected to grow during the forecast period, owing to the growing aerospace, automotive, and consumer electronics industries.
  • Emerging applications in the optical fiber industry are likely to act as an opportunity in the future.
  • Asia-Pacific dominated the global market, with the largest consumption generated from China and Japan.

Scope of the Report

The scope of the powder injection molding (PIM) market report includes:

By Technology
Metal Injection Molding (MIM)
Ceramics Injection Molding (CIM)
By Application
Aerospace and Defense
Electrical and Electronics
Medical Applications
Fire Arms
Industrial Applications
Consumer Applications
Other Applications
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
United States
Rest of North America
United Kingdom
Rest of Europe
South America
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Key Market Trends

Rise in Demand for Metal Injection Molding (MIM) from Automotive Industry

  • The automotive industry was an early adopter of MIM technology, compared to the other applications. In addition, there is high scope to increase the awareness and penetration of MIM in the automotive market.
    • Metal injection molding (MIM) is a molding technology, which achieves precise net-shape metal parts. The process involves the combination of ultra-fine metal powders and a polymer binder system to create a feedstock suitable for injection molding. MIM is best suitable for parts with complex geometries, low part mass, and medium-to-high production volumes.
  • The most important applications in cars are high strength, high complexity parts, which include turbocharger parts, gearboxes, powertrain applications, locking mechanisms, steering systems, sensors and other electronic systems, and parts for fuel injection systems.
  • The production of metal injection molded (MIM) parts accounts for around 90% of the total market for powder PIM products. The automotive business is one of the leading application segments for metal injection molding (MIM).
  • In Europe, the automotive application is the leading application segment for PIM, with more than 40% of the market share. Europe accounted for almost 23% of the global car production in 2018. The impact of the rise in demand for the metal injection molding market from the automotive industry can be witnessed, due to the aforementioned factors. This trend may gain momentum in the near future, thus igniting the demand for powder injection molding.
Powder Injection Molding (PIM) Market - Market Dynamics

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Asia-Pacific to Dominate the Market

  • With nearly 40% of the global demand, Asia-Pacific is the most promising market for PIM materials. China accounts for over 60% of the demand for PIM in the region.
  • China is also one of the major global markets for powder injection molding (PIM). Sustained demand for powder injection molding (PIM) is witnessed through its robust electronics, aerospace, and defense (A&D) sectors.
  • The powder injection molding market in China benefited from the electronics industry (such as the mobile phone industry), which has seen the whole industry skyrocket since 2009.  
  • Moreover, China has the world’s largest electronics production base and offers a tough competition to existing upstream producers, such as South Korea, Singapore, and Taiwan. Electronic products, such as smartphones, OLED TVs, tablets, etc., have the highest growth in the market in the consumer electronics segment.
  • Despite a decrease in the production of the automotive industry, in 2018, the significant development of the medical and electronics industries resulted in significant growth of the Chinese powder injection molding (PIM) industry. 
  • In addition, the growing automotive, aerospace, and consumer goods industries in the countries, like China, Japan, India, and South Korea, further augmented the demand for metal injection molding, which, in turn, created the demand for powder injection molding.
  • The large market size, coupled with the huge growth of Asia-Pacific, is instrumental in the expansion of the overall powder injection molding market.
Powder Injection Molding (PIM) Market - Regional Trends

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Competitive Landscape

The powder injection molding (PIM) market is highly fragmented and highly competitive in nature, with the presence of numerous players. The major companies include ARBURG, ARC Group Worldwide, GKN PLC, MPP, and Indo-US MIM Tec Pvt. Ltd.

Major Players

  2. ARC Group Worldwide
  3. GKN PLC
  4. MPP
  5. Indo-US MIM Tec Pvt. Ltd

* Complete list of players covered available in the table of contents below

Powder Injection Molding (PIM) Market - Market Concentration

Table of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Rise in Demand for Metal Injection Molding (MIM) from Automotive Industry (in Combustion Engines, Gear Box Parts, Ignition Lock Parts, etc.)

      2. 4.1.2 Shifting Focus from Conventional Metal-forming Techniques in the Manufacturing of Aerospace Components

      3. 4.1.3 Rising Demand for Ceramic Injection Molding (CIM) in the Manufacturing of Watch and Jewellery Industry

    2. 4.2 Restraints

      1. 4.2.1 Growth of Bio-based Polymers

      2. 4.2.2 Rising Environmental Concerns and Stringent EPA Regulations

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porters Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

    5. 4.5 Raw Material Analysis

    6. 4.6 Regulation Analysis

    7. 4.7 Patent Analysis


    1. 5.1 By Technology

      1. 5.1.1 Metal Injection Molding (MIM)

      2. 5.1.2 Ceramics Injection Molding (CIM)

    2. 5.2 By Application

      1. 5.2.1 Aerospace and Defense

      2. 5.2.2 Automotive

      3. 5.2.3 Electrical and Electronics

      4. 5.2.4 Medical Applications

        1. Orthodontics

        2. Others

      5. 5.2.5 Fire Arms

      6. 5.2.6 Industrial Applications

      7. 5.2.7 Consumer Applications

      8. 5.2.8 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. ASEAN Countries

        6. Rest of Asia-Pacific

      2. 5.3.2 North America

        1. United States

        2. Canada

        3. Mexico

        4. Rest of North America

      3. 5.3.3 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Spain

        6. Russia

        7. Rest of Europe

      4. 5.3.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.3.5 Middle East & Africa

        1. Saudi Arabia

        2. South Africa

        3. Rest of Middle East & Africa


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Advanced Materials Technologies Pte. Ltd

      2. 6.4.2 AMT

      3. 6.4.3 ARBURG

      4. 6.4.4 ARC Group Worldwide

      5. 6.4.5 CNI (Zoltrix Material International)

      6. 6.4.6 Dynacast

      7. 6.4.7 Epson Atmix Corporation

      8. 6.4.8 GKN plc

      9. 6.4.9 Indo-US MIM Tec Pvt. Ltd

      10. 6.4.10 MPP

      11. 6.4.11 OptiMIM

      12. 6.4.12 Ortech Advanced Ceramics

      13. 6.4.13 Parmaco AG

      14. 6.4.14 Parmatech Corporation (ATW Companies)

      15. 6.4.15 RHP-Technology

      16. 6.4.16 Schunk GmbH

    5. *List Not Exhaustive

    1. 7.1 Rapidly Increasing Demand from Packaging Sector

    2. 7.2 Emerging Applications in the Optical Fiber Industry

    3. 7.3 Increase of Consumption in Mobile Casing

**Subject to Availability

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