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Greenness and Environmental Protection Polices Require the MIM Parts Industry to Develop in the Direction of Green, Environmental Protection and Energy Saving.

Metal injection molding (MIM) is a metalworking process in which finely-powdered metal is mixed with binder material to create a "feedstock" that is then shaped and solidified using injection molding. The molding process allows high volume, complex parts to be shaped in a single step. After molding, the part undergoes conditioning operations to remove the binder and densify the powders. Finished products are small components used in many industries and applications. Metal injection molding is a technology derived from the plastic injection molding industry. As we all know, plastic injection molding technology produces various products with complex shapes at a low price, but the strength of plastic products is not high. In order to improve its performance, it can be added to plastic Metal or ceramic powder to obtain products with higher strength and good wear resistance. In recent years, this idea has evolved to maximize the content of solid particles. This new powder metallurgy forming method is called metal injection molding. The basic process steps of metal injection molding are: firstly, select the metal powder and binder that meet the requirements, and then use an appropriate method to mix the powder and binder uniformly at a certain temperature. After granulation, the injection molding is obtained. After degreasing treatment, the compact is sintered and densified into the final product.

Stainless steel is a family of iron-based alloys that contain a minimum of approximately 11% chromium, a composition that prevents the iron from rusting, as well as providing heat-resistant properties. Steel is an alloy of iron with typically a few percent of carbon to improve its strength and fracture resistance. Many other additional elements may be present or added. A magnetic alloy is a combination of various metals from the periodic table such as ferrite that contains at least one of the three main magnetic elements: iron (Fe), nickel (Ni), or cobalt (Co) etc. Copper is a chemical element that is soft, malleable, and ductile with very high thermal and electrical conductivity. In 2019, these different types of metal injection molding parts respectively covered a market share of 64.34%, 20.83%, 3.78% and 3.33%.

MIM Parts products can be widely used in various industries such as automobiles, agricultural machinery, mining and metallurgical heavy machinery, construction machinery, machine tools, power generation and electricity, rail transit, ships, water supply and drainage, etc. The continuous vigorous development of the manufacturing industry provides a broad range for the MIM Parts industry and development platform. With the continuous development of human material needs, many new product types are constantly emerging, and many of these products have to be provided by MIM Parts companies, which has expanded the application range of MIM Parts products to a certain extent, and promoted the development of the industry.

The Current Situation of Global Metal Injection Modeling Industry

North America was the largest revenue market with a market share of 39.93% in 2015 and 41.32% in 2019, an increase of 0.39%. In 2019, the Europe market share was 21.18%, ranking second. Metal Injection Molding Parts (MIM Parts) companies are mainly from USA; the industry concentrate rate is moderate. The top three companies are Indo-MIM, Form Technologies, Shin Zu Shing with the revenue market share of 4.91%, 4.50% and 4.38% in 2019.

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Stainless steel is the most important upstream raw material in the Metal Injection Molding Parts (MIM Parts) industry. In terms of the supply of stainless steel raw materials, except for the expected shortage of nickel, the remaining supply is still relatively loose. The global production capacity of chrome ore and crude steel has been relatively stable in recent years, and the growth rate has fluctuated. The price has recently fallen, which is conducive to reducing the raw material cost of stainless steel. In addition, the social inventory of stainless steel continues to grow, which verifies the oversupply of MIM Parts\' upstream industry. In summary, the upstream raw material market prices and supply are relatively stable.

During the COVID-19 period, the downstream market of the MIM Parts industry almost all stalled. Taking the automotive industry as an example, the global automotive industry is encountering an unprecedented crisis in history from production to consumption. The epidemic first caused the shutdown of factories. At present, almost all factories in the world except China have still stopped production, and at least 120 auto factories have been temporarily closed. In the United States alone, many auto industry workers died of the new crown virus. Under the pressure of the union, the three major US automakers Ford, General Motors, and Fiat Chrysler announced in mid-March that their North American factories had stopped production. The European automobile manufacturing industry has been also gradually shut down. Global car sales are also plummeting. Demand is the most important driving factor in the industry. The decrease in downstream demand during the epidemic is bound to limit the development of the MIM Parts industry in a short period of time.

Global Metal Injection Modeling Parts Industry Development Forecast

According to our research, the Global Metal Injection Molding Parts (MIM Parts) market has a total revenue of 1390.0 M USD back in 2015, and increased to 2158.8 M USD in 2019. We made a series of functional calculation and deduced the past 5 year’s data with scientific model. Finally, we made the prediction that the value of Metal Injection Molding Parts (MIM Parts) markets can be 4194.3 M USD by 2026. The CAGR of Metal Injection Molding Parts (MIM Parts) is 11.46%from 2020 to 2026. In recent years, with the continuous increase in demand and the support of a large number of policies, MIM Parts companies in the Asia-Pacific region, especially the Asian region, have generally made large investments in equipment during the technological transformation of new project construction. At present, a small number of China and India The overall equipment level of the MIM Parts company has reached the level of foreign industrialized countries. These companies rely on advanced process technology and equipment to support the manufacturing of key MIM Parts for mainframes and major technical equipment in Asia. They have become an important force in the independent manufacturing capabilities of MIM Parts in the fields of automobiles, electronics, and defense, and have the ability to compete in the international market.

The MIM Parts industry is a capital-intensive industry. The limited sources of funding in areas with poor development will restrict the ability to follow-up development. In the MIM Parts industry in the developing regions, a large number of enterprises are private enterprises. The main source of funds is the rolling investment of retained earnings of enterprises and indirect bank financing. The financing channels are single and cannot be better. Locally promote the continuous expansion of enterprise scale and improve international competitiveness, and the subsequent development potential of enterprises in the industry is restricted. MIM Parts companies in developing regions lack scale advantages and industrial chain synergy. At present, the market concentration of MIM Parts manufacturing industry in the AsiaPacific region is relatively low. Most companies have small production capacity. There are relatively few companies with scale advantages in the entire industry. Only a few companies have product scheme design, mold design and manufacturing, and material development. It is difficult for the MIM Parts industry as a whole to obtain the synergy effect of the industrial chain in production and R&D, which is not conducive to the improvement of the overall competitiveness of the industry

The MIM industry has always been considered an industry with high energy consumption and high pollution. Therefore, the impact of environmental protection policies on the industry is particularly important. Green manufacturing is the future development trend of the MIM Parts industry. As the development mode of the global economy shifts to the policy of adjusting and optimizing the structure, focusing on benefits and environmental protection, and upgrading the industrial level, more and more regions have put forward strict requirements on the greenness and environmental protection of production. This requires the MIM Parts industry to develop in the direction of green, environmental protection and energy saving. This will place higher requirements on manufacturers in the industry and increase the manufacturing costs of MIM Parts manufacturers. This will also raise the barriers to entry for the industry, thereby reducing the number of new entrants in the industry.

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