Metal Injection Molding Powders Market Continues To Grow With Metal Powder Products LLP Acquiring Netshape Technologies, A Major Manufacturer Of Engineered Metal Components Using Powdered Metal

Metal Injection Molding Powders Market


 Metal Injection Molding is the process of creating metal objects out of liquid material such as plastic, sand, or other polymers. Metal Injection Molding uses two different methods to create the metal object; the first process is the direct injection molding method, in which the material is melted and injected into the mold as it is being prepared. The metal injection molding powders are also being used in the second process called the die casting process, wherein the molten metal is shot into the molds and then allowed to cool so that it solidifies into the metal product. Die casting is a more complex process than direct injection molding, as it needs to have the metal casting fluid in its perfect state at all times, or the entire process will be ineffective. Metal Injection Molding powders are used in both processes, as it is a fast process to set up, easy to use, and allows for greater flexibility.

Technological advancements in metal injection molding are expected to drive growth of the global metal injection molding powders market. Key companies operating in metal injection molding are focused on research and development activities, in order to gain a competitive edge in the market. For instance, in October 2017, Smith Metals Products launched titanium metal injection molding (TiMIM) capabilities for materials including alloys, stainless steel, and ceramics. Hence, such factors are expected to drive growth of the global metal injection molding powders market. Furthermore, growing demand from the healthcare sector is expected to propel the global metal injection molding powders market growth in the near future. The healthcare and medical industry is rapidly growing in both developed and emerging economies. According to the India Brand Equity Foundation (IBEF), the Indian healthcare industry reached US$ 19.83 billion in 2020 and is expected to reach US$ 372 billion in 2022.

However, limitations on the manufacturing of 3-D products and challenges associated with the weight and size of molded parts are expected to hamper the global metal injection molding powders market growth in the near future. Among regions, North America is expected to witness significant growth in the global metal injection molding powders market. This is owing to high demand from the healthcare sector in the region. Furthermore, Europe is expected to register a robust growth rate over the forecast period, owing to increasing demand from Italy and Germany-based automobile manufacturers.

Major companies operating in the global metal injection molding powders market are Phillips-Medisize, CMG Technologies, Smith Metal Products, Dean Group International, NetShape Technologies, ARC Group Worldwide, InjectMax, Dynacast International, Britt Manufacturing, Cypress Industries, and ATW Companies.

For instance, in February 2018, Metal Powder Products LLP acquired NetShape Technologies, a major manufacturer of engineered metal components using powdered metal.  

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