Development and application of North American MIM market

Development and application of North American MIM market

Firearm parts accounted for the largest proportion of North American MIM product. After 2016, with the shrinking of the US gun market, the proportion of MIM products for medical equipment and dental parts was highlighted. The market size of the North American metal injection molding industry was about 500 million US dollars, an increase of about 10% per year. There are about 25 to 30 factory-type companies and 15 to 18 affiliated workshops in the North American metal injection molding industry. It is estimated that the total amount of metal injection-molded powder consumed in North America in is 1 765.0 to 2,000.0 t. The material is still dominated by stainless steel and low alloy steel, accounting for approximately 83% of total usage (based on product sales). Other materials include: soft magnetic materials, tungsten alloys, titanium, tool steel, Inconel 625 and 718, and tungsten carbide. The proportion of MIM products in North America was 30% for firearms, 30% for medical and dental, and 20% for machinery/hardware. Electronics 8%, defense/aviation 6%, cars 5%, and other 1%