About the Powder Injection Molding (PIM)
The powder injection molding (PIM) technique was invented by Dr. Raymond Wiech in the US in the 1970s. Though the PIM process is a simple concept, it is complex in real-time operations. The use of thermoplastic additives to plasticize powdered raw materials that are subjected to the injection molding process to obtain complex molded parts was a novel method that was initially developed to build ceramic components.PIM is the most effective technique to manufacture parts as it eliminates expensive machining operations while simultaneously enabling large-scale production of parts that justifies the cost of the mold to a great extent. Metal injection molding also helps in designing complex shapes by combining various features of the multi-part assembly into a single component.
Technavio’s analysts forecast the global powder injection molding (PIM) market to grow at a CAGR of 11.3% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global powder injection molding (PIM) market for 2016-2020. To calculate the market size, Technavio considers the revenue generated from the sales of PIM components in major end-user application sectors. The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Powder Injection Molding (PIM) Market 2016-2020
Technavio recognizes the following companies as the key players in the global powder injection molding (PIM) market: ARBURG, Dynacast, Indo-US MIM, Philips-Medisize, and Zoltrix.
Other Prominent Vendors in the market are: Advanced Material Technologies, Atect, CoorsTek, Dou Yee Technologies, Dynamic Group, Ecrimesa, Elnik Systems, Engel Austria, GKN Sinter Metals, Matrix Microfusione, Osram, Praxis Technology, Rauschert, Sembach Technical Ceramics, Silicon Plastic, Sints Precision Technology, Taiwan Powder Technologies, and Vibrom.
Commenting on the report, an analyst from Technavio’s team said: “One of the latest trends gaining traction in this market is the use of 3D printing with sintering to create complex parts. Researchers at Northwestern University, Evanston, Illinois, US, have developed an inexpensive and unique technique that uses rust and metal powders for 3D printing of metal objects like fuel cells, rockets and aircraft parts and components, and batteries. The new technique developed uses only liquid inks and sintering furnaces that make the entire process uniform, fast, and cheap. This technique can be applied to a wide array of metals, alloys, metal mixtures, and metal oxides.”
According to the report, a key growth driver is the growing use of leading-edge process control and monitoring systems for injection molding. Several vendors operating in the injection molding industry focus on the development of an effective control system for monitoring and controlling the entire procedure to ensure better efficiency and quality finish. For instance, ComoNeo was introduced in 2015 by Kistler Gruppe, a leading global supplier of force, torque, dynamic pressure, and acceleration measurement technology solutions for the injection molding industry.
Further, the report states that a major factor that could hamper market growth is the high cost of tooling. In the majority of injection molding projects, arriving at an accurate and appropriate budget estimate poses a significant challenge. Injection molding tools involve a high initial cost despite having a comparatively low cost of production. These two factors have a huge impact on the entire process as well as the lifecycle of the product. Injection molding tools are quite expensive.
ARBURG, Dynacast, Indo-US MIM, Philips-Medisize, Zoltrix, Advanced Material Technologies, Atect, CoorsTek, Dou Yee Technologies, Dynamic Group, Ecrimesa, Elnik Systems, Engel Austria, GKN Sinter Metals, Matrix Microfusione, Osram, Praxis Technology, Rauschert, Sembach Technical Ceramics, Silicon Plastic, Sints Precision Technology, Taiwan Powder Technologies, Vibrom.