According to a new market research study on “South America Metal Injection Molding Market Forecast to 2027 – COVID-19 Impact and Analysis – By Material (Stainless Steel, Low Alloy Steel, Soft Magnetic Material, and Others) and Industry Vertical (Automotive, Electrical and Electronics, Consumer Goods, Firearms and Defense, Medical and Orthodontics, and Others),” is expected to reach US$ 120.77 million by 2027 from US$ 72.96  million in 2019 and is expected to grow at a CAGR of 6.6%  from 2020 to 2027. The report provides trends prevailing in the South America Metal Injection Molding market along with the drivers and restraints pertaining to the market growth. Various advantages offered by metal injection molding is the primary factor driving the South America Metal Injection Molding market. However, high cost of raw materials may hinder Metal Injection Molding growth in South America. Besides, COVID-19 is anticipated to cause heavy loss in South America economy. Brazil has the largest COVID-19 cases in the South America region, and is followed by Colombia and Argentina, among others. Disruptions in supply chain impacted the market growth negatively.

The South America Metal Injection Molding market is segmented into material and industry vertical. On the basis of material, the South America 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 South America metal injection molding market.  Based on industry vertical, the South America 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.

Arc Group Worldwide; CMG Technologies; Molex,LLC; INDO-MIM; and MPP are few of the companies amongst the major players operating in Metal Injection Molding Market. These companies provide wide range of product portfolio for metal injection molding market. These companies have their presence in the developing regions which provides a lucrative opportunity for metal injection molding market. These market players are highly focused towards the development of high quality and innovative products to fulfil the customer’s requirements. The companies have realized the immense potential pertaining to antifreeze and were observed highly involved in merger and acquisition, product news rand market initiatives. For example, in 2018 Metal Powder Products LLC, acquired NetShape Technologies Inc. which is a leading manufacturer and solutions provider of engineered metal components using powdered metal and metal injection molding technologies.

The Report Segments The South America Metal Injection Molding Market As Follows:

South America Metal Injection Molding Market, by Material

• Stainless Steel
• Low Alloy Steel
• Soft Magnetic Material
• Others

South America Metal Injection Molding Market, by Industry Vertical

• Automotive
• Electrical and Electronics
• Consumer Goods
• Firearms and Defence
• Medical and Orthodontics
• Others

South America Metal Injection Molding Market, by Country

•  Brazil
• Argentina
• Rest of South America

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