During the Plenary Session of Euro PM2017, held in Milan, Italy, from October 1-5, 2017, Philippe Gundermann, President of the European Powder Metallurgy Association (EPMA), presented a ‘Review of the PM Industry from a European Perspective’.
In his review, Gundermann stated that the European Metal Injection Moulding sector has experienced strong European sales growth over the last twenty years, with the industry now experiencing sales ‘above €350 million.’
The EPMA reportedly expects the market to grow at a rate of 11.3% for the period 2016-2020. Gundermann stated that European MIM production totalled around 2,900 tons of MIM parts, mostly driven by Germany, Italy, Spain and France.
Stainless steel parts make up 50% of MIM shipments, with low alloyed steels (25%) in second place. It was stated that, as a result of electrification of cars, the use of soft magnetic materials will rise significantly from today’s 5% market share.
Of the MIM parts shipped in Europe, 43% were for automotive applications, 24% for consumer goods, 17% for mechanical engineering, 12% for medical and 4% for 3C. Gundermann stated that the EPMA sees medical and automotive as key sectors for expanding the MIM market.