Middle East & Africa Metal Injection Molding Market
No. of Pages: 72 | Report Code: TIPRE00020307 | Category: Chemicals and Materials
No. of Pages: 72 | Report Code: TIPRE00020307 | Category: Chemicals and Materials
Metal injection molding is a flexible, cost effective process 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 of performing as per the requirement. The metal injection molding focusses on quality, precision and is a process which 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 tool. The metal injection molding offer benefits like resistance to wear & corrosion, thermal stability, high mechanical strength, and dimensional stability.
Strategic insights for the Middle East & Africa Metal Injection Molding provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 134.45 Million |
| Market Size by 2027 | US$ 226.34 Million |
| Global CAGR (2020 - 2027) | 6.8% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Material
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
The geographic scope of the Middle East & Africa Metal Injection Molding refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The metal injection molding market in Middle East and Africa was valued at US$ 134.45 million in 2019 and is projected to reach US$ 226.34 million by 2027; it is expected to grow at a CAGR of 6.8% from 2020 to 2027. Metal injection molding is used to manufacture various medical components, surgical instruments ad orthodontics. Medical equipment manufacturers are designing and developing lighter and more intricate products with hard-to-machine materials such as austenitic, martensitic, and precipitation-hardened stainless steel, titanium, and nickel-free alloys. Instruments such as dissectors, knives, conchotomes, scalpels, and spreaders for minimally invasive surgeries are becoming lighter and offer greater freedom of movement. Metal injection molding meets the difficulties associated with the manufacturing of complex medical device parts, and hence it is highly benefitting the key players. Currently, the demand for surgical devices is increasing tremendously due to the rising number of surgeries owing to the increasing accident rates, sports injuries, and cardiac surgeries. Thus, it is projected that the rising number of surgeries will require more surgical devices, thereby helping the growth of the metal injection molding market.
However, high cost of raw materials may hinder metal injection molding growth in Middle East & Africa. Besides, COVID-19 is anticipated to cause heavy loss in Middle East & Africa economy. Saudi Arabia has the largest COVID-19 cases in the Middle East and Africa region, and is followed by South Africa and UAE, among others. UAE was the first country in Middle East and Africa to report a confirmed case of COVID-19. Disruptions in supply chain impacted the market growth negatively.
The Middle East & Africa Metal Injection Molding market is segmented into material and industry vertical. On the basis of material, the Middle East & Africa metal injection molding market is segmented into stainless steel, low alloy steel, soft magnetic material, and others. In 2019, the stainless steel segment dominated the Middle East & Africa metal injection molding market. Based on industry vertical, the Middle East & Africa metal injection molding market is segmented into automotive, electrical and electronics, consumer goods, firearms and defense, medical and orthodontics, and others. The automotive segment is expected to grow at the fastest growth rate during the forecast period of 2020-2027.
A few major primary and secondary sources referred to for preparing this report on the metal injection molding market in Middle East & Africa are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Arc Group Worldwide; CMG Technologies; Molex,LLC; and MPP among others.
Middle East & Africa Metal Injection Molding Market, by Material
Middle East & Africa Metal Injection Molding Market, by Industry Vertical
Middle East & Africa Metal Injection Molding Market, by Country
The Middle East & Africa Metal Injection Molding Market is valued at US$ 134.45 Million in 2019, it is projected to reach US$ 226.34 Million by 2027.
As per our report Middle East & Africa Metal Injection Molding Market, the market size is valued at US$ 134.45 Million in 2019, projecting it to reach US$ 226.34 Million by 2027. This translates to a CAGR of approximately 6.8% during the forecast period.
The Middle East & Africa Metal Injection Molding Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Metal Injection Molding Market report:
The Middle East & Africa Metal Injection Molding Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Metal Injection Molding Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Metal Injection Molding Market value chain can benefit from the information contained in a comprehensive market report.
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