Forecast of domestic metal injection molding feedstock demand and market scope analysis in 2022

Metal powder injection molding is a branch of metallurgy and material science. This process mainly uses metal powder (including a small amount of non-metallic powder) as raw material, and uses the "forming + sintering" method to manufacture materials and products. It is a near-net forming process that produces complex parts at a low cost. According to the classification of materials, powder injection molding can be divided into two major categories: MIM (Metal Injection Molding) and CIM (Ceramic Injection Molding).

Metal injection molding feedstock is a composite particle with uniform powder distribution, which is obtained by adding polymer materials to stop mixing with ultra-fine metal powder with low oxygen content and good sphericity. It has excellent properties such as high fluidity, high sintering density, high comprehensive strength, good toughness, and mirror-like polishing effect. Metal injection molding feedstock is mainly used for metal injection molding products in the fields of mobile phone parts, wearable smart terminals, automobile parts, medical devices, aerospace parts, etc.

The main application fields of metal injection molding feedstock

Parts prepared by MIM process are widely used in aerospace, automobile industry, national defense and military industry, electronic communication, medical, machinery and other fields. It has become a high-tech technology that has developed rapidly in the field of powder metallurgy discipline and industry in recent years. According to data estimates, the global MIM market size will grow from 3.1 billion US dollars in 2018 to 4.5 billion US dollars in 2023, with an annual compound growth rate of about 7.50%.

China's MIM market has gradually grown since 2000. In just over a decade, the domestic MIM market has shown a strong development momentum. According to the data statistics of the Powder Metallurgy Branch of the China Iron and Steel Association, the domestic MIM market size broke through 1 billion yuan in 2011, and reached 4.85 billion yuan in 2015, accounting for 35.23% of the global MIM market size. In 2019, the domestic MIM market size increased to 8.4 billion yuan, a year-on-year increase of 20.00%. China's MIM market has developed into an important part of the global MIM market.

China's MIM products are mostly based on stainless steel and iron-based alloy powders as raw materials. With the continuous improvement of diversified and lightweight product requirements in downstream fields, existing stainless steel and iron-based alloy products can no longer meet all market demands. The new demand for MIM feedstock will inevitably increase the market application scope of stainless steel and iron-based alloy materials.

For more detailed research and analysis of this industry, please see Gongyan Network's "China Metal Injection Molding Feedstock Market Research and Investment Strategy Report 2022-2028". At the same time, Gongyan Industry Research Institute also provides industry data, industry research, policy research, industry chain consulting , Industry maps, industry planning, feasibility analysis, business plans, IPO consulting and other products and solutions.