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Global Powder Injection Molding Market Will Reach At CAGR Of 11.3% Between 2016-2020 Marketing Articles | August 9, 2016
MarketResearchReports.biz has recently announced the addition of a market study “Global Powder Injection Molding Market 2016-2020” Matt Dumba Wild Jersey , is a comparative analysis of the global market.
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.
Technavios 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:
Americas
APAC
EMEA
Technavio's report Ryan Suter Wild Jersey , Global Powder Injection Molding (PIM) Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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