The global powder injection molding components (PIM) market reached US$2.0 billion in 2014 and should reach US$3.1 billion in 2020, with a compound annual growth rate (CAGR) of 7.6% over the next six years.
Asian sales for PIM reached US$798 million in 2014 and should reach nearly US$1.3 billion by 2020 at a CAGR of 7.9%, while North American sales for PIM reached US$492 million in 2014 and should reach US$790 million by 2020 at a CAGR of 8.2%. This is according to a new report on the PIM and ceramic injection molding (CIM) market recently published by BCC Research. According to the company, the global markets for metal injection molding (MIM) and ceramic injection molding (CIM) have exhibited spectacular growth over the last two decades. BCC Research has studied this market three times in the past: first in 2005, then in 2008, and most recently in 2014. In 2004, the global market for MIM was reported to be US$382 million, with expected growth to US$571 million by 2009. In 2009, the market for MIM was reported to be US$985 million, with expected growth to US$1.9 billion by 2014. BCC Research then reported the global MIM market to be US$1.5 billion in 2012 with expected growth to nearly US$2.9 billion by 2018. The report covers MIM manufacturers with market analysis of various segments such as firearms, medical and dental products, and the watch industry. It also looks into the technical aspects of the industry, and discusses the technical trends, current challenges and breakthroughs, and potential future directions the industry will take. The report can be found here.
