Powder Injection Molding (PIM) Market - Forecast(2021 - 2026)

Powder injection molding is a process of molding metals or ceramics to improve the properties like physical properties, chemical properties, mechanical properties and electrical properties. This process is much used in manufacturing complex parts of a machine. A binder is used in this Powder Injection Molding technology which helps in binding the polymers and helps in manufacturing the parts very precisely. The market for powder injection molding is anticipated to grow with a CAGR of 7.82%.


Powder injection molding  (PIM) Market Outlook:
Powder injection molding technology is used depending on the type of raw materials used. The raw materials used in this technology include cobalt alloys, nickel alloys, stainless steels and others. The applications of this technology depends on the type of raw material and its strength. For example, ceramic injection molding is used in the manufacturing process of electronic components like the chargers. 


Powder injection molding  Market Growth drivers:
The major drivers for the Powder injection molding market is its use in the manufacturing of large parts in automotive industries.  The usage of this technology in the surgical equipments in the medical field is also a driver for this market.  The parts that are used in watches was very difficult by the old conventional methods like the die-casting, precision casting and others.

Powder injection molding  (PIM) Market Challenges:
The major challenge in the Powder injection molding market is the high raw material cost compared to the raw materials used in the previous conventional methods like cast metals and alloys. The process of setting up a plant for this technology is also relatively high over the previous technologies.


Powder injection molding  (PIM) Market Research Scope:
The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Superabsorbent Market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of plastics in the electric vehicle market, and their specific applications in different types of vehicles.

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Location: United States

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