MIM process penetration rate increase, folding screen open industry growth space from Justin Hotban's blog

MIM technology using mold metal injection molding blanks, by enhancing the complexity of the mold to keep the cost constant, the higher the complexity of the product, the MIM process cost advantage is more obvious.MIM technology has the advantages of the conventional powder metallurgy process process, no cutting or less cutting, overcoming the traditional products of uneven material and the main disadvantages of the complex structure, suitable for large-scale production of small, precision and metal parts manufacturing with special requirements. Special requirements for the manufacture of metal parts.

MIM industry is in the first stage to the second and third stage of the conversion process, the logic of enterprise growth gradually changed from sales-driven to R & D and sales-driven dual-wheel drive. In the early stage of the domestic MIM industry's core raw materials are mostly supplied by BASF, the model, weakening the impact of R & D for enterprise growth, enterprise growth is mainly driven by sales; two or three stages, new products such as foldable cell phone hinges, etc., the technical barriers are high, and the difficulty of research and development has increased greatly, R & D capability of MIM companies will be able to seize the first opportunity to upgrade and iterate in the product.

The global MIM market is growing steadily, and the domestic MIM market is expected to reach 23.5 billion yuan in 2026.

According to Maximize Market Research, the market size was $2.87 billion in 2018 and is expected to reach $6.92 billion in 2026, corresponding to a compound annual growth rate (CAGR) of 11.9% from 2019-2026. We assume that the domestic MIM industry market size in 2026 is expected to occupy 50% of the global market size, corresponding to a domestic market space of RMB 23.5 billion.

Europe and the United States market MIM downstream application market is the largest arms, automotive and medical industries.

The combined largest market for MIM in the European and American markets is industrial components, including pump housings, solenoids and fittings. Automotive components are the second largest market for MIM, accounting for 14% of global value, with a higher downstream share of European MIM. Consumer products are the third largest market, accounting for 11% of MIM sales, and these markets are dominated by Asia (cellular, consumer and computer parts).

Compared with Europe and the United States and other mature markets, the domestic MIM downstream application market is dominated by cell phones and smart wearable, military, medical and automotive industries still have a large penetration space. China's MIM application market, cell phones accounted for 56%, smart wearable accounted for 12%, computers accounted for 8%, while medical, military and automotive accounted for less than 5%.

https://www.harbermetal.com/China-MIM-Industry-Background-Analysis.html