Dublin, Aug. 03, 2021 (GLOBE NEWSWIRE) — The “Metal Injection Molding Market Forecast to 2027 – COVID-19 Impact and Global Analysis by Material and Industry Vertical” report has been added to ResearchAndMarkets.com’s offering.
The global metal injection molding market was valued at US$ 2,458.68 million in 2019 and is projected to reach US$ 4,338.52 million by 2027; it is expected to grow at a CAGR of 7.35% from 2019 to 2027.
Metal injection molding is a flexible, cost effective, and innovative process that provides versatility to the product designers and production engineers while using metal alloys. Metal act as a good substitute for plastic and ceramics components that are incapable to perform as per requirement. Metal injection molding focusses on quality and precision, as well as the process is closely monitored to meet the requirements. When a metal alloy is chosen for a specific application, the geometry of the component gets limited by the cost of shaping operations. The metal injection molding helps in overcoming this issue with the formation of the net shape parts in the…
