London, 29 October 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Powder Injection Molding Market 2014-2018, which is expected to grow at a CAGR of 11.37 percent during the period 2014-2018.
PIM is used for manufacturing products such as medical devices, aerospace components, and automotive components using net-shaping techniques. Powder is injected into an injection molding machine and then molded into precise designs as per specifications. PIM is useful in manufacturing complex product components in high volumes.
“All PIM vendors have begun to provide rapid prototyping technique with their machines to add incremental benefits to their customers and also as a point of differentiation from their competitors,” says Faisal Ghaus, Vice President of TechNavio.
Key Market Drivers
- Increased Need for Cost Reduction
- Rising Demand for Complex Designs
- Increased Demand for Near Net-shape Manufacturing
- Increased Need for Environment Protection
Key Market Trends
- Development of Rapid Prototyping
- Increased Demand from APAC Region
- Increase in Number of M&A
- Increase in Adoption of Application-specific Products
Key Market Vendors
- Advanced Materials Technologies
- Dynacast International
- Phillips-Medisize
- Plastic Products Company
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
