According to a new technical market research report, METAL AND CERAMIC INJECTION MOLDING (AVM049B) from BCC Research, the global market for metal injection molding (MIM) will be worth $984.9 million in 2009. This should increase to $1.9 billion in 2014, for a compound annual growth rate (CAGR) of 14.0%.

The MIM market is broken down into the geographic regions of North America, Asia, Europe, and the rest of the world. Asia has the largest segment of the market, estimated to be worth $460.8 million in 2009 and $959.0 million in 2014.

Europe has the next largest MIM market segment, and is expected to generate $279.7 million in 2009 and $484.0 million in 2014, for a CAGR of 11.6%.

North America has the third largest share of the MIM market, worth an estimated $231.0 million in 2009 and $424.0 million in 2014, a CAGR of 12.9%.

The global ceramic injection molding (CIM) market is expected to be worth $394.5 million in 2009 and $801.0 million in 2014, a CAGR of 15.2%. This market is also broken down by geographic region, with North America capturing the largest share of the market. North America is expected to generate $276.5 million in 2009 and $512.6 million in 2014, for a CAGR of 13.1%.

Europe is the next largest CIM segment of the market, worth an estimated $75.1 million in 2009 and $152.2 million in 2014, a CAGR of 15.2%.

The third largest market CIM segment is Asia, which is expected to generate $39.5 million in 2009. This should increase at a CAGR of 24.9% to reach $120.2 million in 2014.¹

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¹AZO Materials; AZOM.com
²Image Credit: Morgan Advanced Ceramics; www.macstourport.com