The Unexpected Growth of Metal Injection Molding

America BCC Research Company has studied the injection molding market in 2005 and 2008. In 2004, the sale was 0.38 billion dollars, and expected that it would rise to 0.571 billion dollars. However, in 2009, it was around 1 billion dollars, and expected that it would reach 1.9 billion dollars.

A new report shows that in 2012, the sale in MIM market was 1.5 billion dollars, it will go up to 2.9 billion dollars in 2018, and CAGR is 11.4%.

In 2008 and 2009, the economic depression affected the sale in MIM industry. With the obvious falling of sale in auto industry, MIM industry was damaged, which made some small companies these paid attention only to auto industry in troubles.

BCC Research noticed that in the period, moderately large companies have survived from it, and become larger and better. The range of application has been expanded, such as medical equipment, dental products, aerospace, electric, communication devices and luxury, which helped them out.

The rising application in cell phones and other electronic products was a great opportunity for MIM industry in the last decade, which has made MIM industry transfer to emerging market and Asia that is producing most of electronic products. This change also has helped to expand the application and market of MIM parts. However, in the beginning of MIM, they were mainly used in dental products and cars.

One more interesting change, the leading MIM companies have broken through the sale of 50 million dollars. ARC Group and Indo-US have done. BCC Research expects that there will be 5-10 MIM companies will reach a sale of 50 million dollars, and several will get to 0.1 billion dollars.