Market Size of Powder Injection Molding (PIM) Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 10.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Powder Injection Molding (PIM) Market Analysis
The market for powder injection molding (PIM) is expected to register a CAGR of more than 10%, during the forecast period. 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. It is expected to grow during the forecast period, owing to the growing industriessuch asaerospace,consumer electronics, etc.
- 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.
