Powder injection molding market up by 11.3%

One of the latest trends gaining traction in this market is the use of 3D printing with sintering to create complex parts. Researchers at Northwestern University, Evanston, Illinois, US, have developed an inexpensive and unique technique that uses rust and metal powders for 3D printing of metal objects like fuel cells, rockets and aircraft parts and components, and batteries. The new technique developed uses only liquid inks and sintering furnaces that make the entire process uniform, fast, and cheap. This technique can be applied to a wide array of metals, alloys, metal mixtures, and metal oxides.

According to the report, a key growth driver is the growing use of leading-edge process control and monitoring systems for injection molding. Several vendors operating in the injection molding industry focus on the development of an effective control system for monitoring and controlling the entire procedure to ensure better efficiency and quality finish. For instance, ComoNeo was introduced in 2015 by Kistler Gruppe, a leading global supplier of force, torque, dynamic pressure, and acceleration measurement technology solutions for the injection molding industry.

Further, the report states that a major factor that could hamper market growth is the high cost of tooling. In the majority of injection molding projects, arriving at an accurate and appropriate budget estimate poses a significant challenge. Injection molding tools involve a high initial cost despite having a comparatively low cost of production. These two factors have a huge impact on the entire process as well as the lifecycle of the product. Injection molding tools are quite expensive.