2023 Mim Industry Development Analysis

By Author: mimmetal
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1、Industry development history
MIM process can be traced back to the 1970s when the powder injection molding process of ceramic spark plugs began. For a long time, the powder injection molding process is mainly used in the field of ceramic injection molding. It was not until 1979, when two metal injection molding products from the U.S. company Parmatech won the International Powder Metallurgy Congress Product Design Competition, that the MIM process was brought to the attention of the powder metallurgy industry. With the development of new binder, powder and degreasing and other related processes continue to progress, the process has also been a relatively rapid development, to the early 1990s, has been gradually industrialized.

As a typical product with the highest penetration rate, the most diverse forms and the greatest demand among mobile intelligent terminals, the role of smartphone as a carrier has been rising. The extensive coverage of smartphones continues to affect people's work and lifestyle, and the use of various types of cell phone ...
... applications and services through the Internet has contributed to the continued deepening of people's dependence on cell phones - and in 2013, the release of wearable devices, such as Google glasses and Samsung smartwatches, marked a breakthrough in hardware innovation in the Internet era, and the consumer awareness of such products has also continued to increase, and in that year, there was an increase in the number of smartphones. Consumer awareness of this type of product is also increasing, that year, more than 50% of consumers are interested in health monitoring and fitness tracking type of wearable devices.
2、Industry Development Overview
(1) IM process has a wide range of applications, the global market size is considerable MIM technology process compared with the traditional process, has a high degree of precision, uniformity of organization, excellent performance, batch degree of high characteristics. Globally, MIM process has also been widely used in automotive, electronic products, medical devices, consumer goods and many other fields. However, there are obvious differences in the structure of MIM applications around the world: MIM process is mainly used in the electronics industry in the Asian market, in the North American market is mainly used in the field of medical equipment, etc., and in Europe, it is more in favor of the automotive and consumer goods industries - according to the statistics provided by the Powder Metallurgy Branch of the China Steel Construction Association, driven by the development of the electronics, automotive, machinery, medical and other fields, the global MIM market size was 9.5 million in 2010, which is equivalent to the global MIM market size of 9.5 million. MIM market size of $950 million (about 6.175 billion yuan people), in 2022 the global market size exceeded $ 3.59 billion. After analysis, the 2010-2022 global MIM market size compound annual growth rate has reached 17.39%. In the future, driven by the rapid growth of electronic products and the substitution of MIM manufactured parts for traditional process manufactured parts, the global MIM market will still maintain a favorable development. According to the forecast of China Steel Structure Association Powder Metallurgy Branch, the global MIM market size will reach nearly 3.7 billion U.S. dollars (about 25.5 billion yuan) in 2023. It can be seen that the global MIM market has been growing rapidly in recent years The market size is sizable, and the industry has great potential for future development.

(2)Significant domestic technological progress, rapid market growth

China's MIM technology laboratory research began in the late 1980s, but limited by the Lack of funds, strict confidentiality of foreign technology, no breakthrough progress for a long time. Until the Ninth Five-Year Plan period, the research of MIM technology was firstly included in the high-tech program of China Nonferrous Metal Industry Corporation. MIM Company's high-tech program - since then, the National 863 Program, the National Natural Science Foundation of China, the State Education Commission National 863 Program, National Natural Science Foundation of China, National Education Commission of China, National Program for Cultivating Outstanding Talents across the Century, National Outstanding Youth Science Foundation, National 973 Program, etc. The research and development of this field has been funded by the National Natural Science Foundation, the National Education Commission's Cross-century Excellent Talents Training Program, the National Outstanding Young Scientist Fund, and the National 973 Program, which have contributed to the The research work of metal injection molding in China has made great progress, and a series of technical inventions and scientific and technological achievements with independent intellectual property rights have been achieved. However, due to the industrial structure and various industries However, due to the influence of industrial structure and the cognition of MIM process in various industries, the application structure of MIM process in China is more complicated than that in Europe, America and other countries. However, due to the influence of industrial structure and various industries' knowledge of MIM process and other factors, the application structure of MIM process in China has obvious differences compared with that in Europe and the United States. The electronics industry is the most widely covered field of MIM application in China. The significant progress of domestic technology has greatly promoted the rapid growth of the domestic market. In fact In fact, China's MIM market has been growing gradually since 2000, and in just over ten years, the domestic MIM market has shown a relatively strong development. The domestic MIM market has shown a strong development momentum - according to the data of China Steel Structure Association Powder Metallurgy Branch, in 2011, the domestic MIM market has shown a strong development momentum. According to the statistics of China Steel Structure Association Powder Metallurgy Branch, the size of domestic MIM market exceeded 1 billion yuan mark in 2011, and by 2015 In 2011, the domestic MIM market exceeded 1 billion yuan, and in 2015, the market size was close to 5 billion yuan, reaching 4.85 billion yuan, which is equivalent to 35.23% of the global MIM The MIM market in China has developed into an important part of the global MIM market, and it is expected that by 2018, the MIM market in China will become an important part of the global MIM market. Meanwhile, it is expected that China's MIM market scale will exceed 7 billion yuan by 2018, and the future China's MIM market is still facing a large space for development. (3) The rapid growth of the consumer electronics industry, such as smart phones and wearable devices, is driving the MI MIM market continues to develop From a global point of view, since 2007 Apple (Apple) released iOS1.0 and 2008 Google
(Google) released Android 1.1 since the intelligent operating system, intelligent human-computer interaction, mobile phone screen display, application processor technology, and Since Google released Android 1.1 in 2008, a number of key technologies for smart operating systems, smart human-computer interaction, mobile phone screen display, application processor technology and battery and charging technology have made rapid development. Since the release of Android 1.1, a number of key technologies for smart devices, such as smart operating system, smart phone screen display, application processor technology and battery and charging technology, have achieved rapid development. smartphones, wearable devices and other consumer electronics products have also continued to enter the market.

According to IDC's latest data statistics, global smartphone shipments in 2022 for 1.21 billion units, global smartphone shipments in 2016 for 871 million units, is expected to 2023 annual cell phone shipments for 1.084 billion units, 2016-2022 compound annual growth rate is expected to reach 7.19%, growth is relatively unstable; in comparison, in 2015 global wearable device shipments of 0.77 billion units, global wearable device shipments of 492 million units in 2022, is expected to grow rapidly to 504 million units by 2023, the 2016-2022 compound annual growth rate reached 27.97%, the growth is more rapid.

At the same time, the development trend of thin and light consumer electronics products such as smartphones and wearable devices is accelerating, and the core fog components of such products tend to be more precise and complex. In this context, the application prospects of the MIM process are becoming increasingly clear, and the process has been widely used in the manufacture of appearance structural parts for consumer electronic products such as cartouches, camera rings, pushbuttons, connector interfaces, built-in structural parts, watch cases, watch clasps, etc. According to the statistical data provided by the Powder Metallurgy Sub-committee of the China Steel Structure Association, in 2015, the global MIM manufacturing components in the field of smartphones and wearable devices The market size was RMB 4.76 billion and RMB 1 billion, respectively. According to the organization's forecast, it is expected that the global market size of MIM manufacturing parts in the fields of smartphones and wearable devices will reach RMB 8 billion and RMB 5 billion respectively in 2022, with a CAGR of 8.02% and 40.95% respectively from 2015 to 2022, showing a rapid growth momentum.

In the future, with the year-on-year increase in shipments of the above products, the demand for MIM products in this market segment will also gradually expand. At the same time, Apple (Apple), Samsung (SAMSUNG) and other consumer electronics giants are also expanding the application of MIM products in their smart products, which will also lead other cell phone companies to scale the application of the product, which will further drive the continued development of the MIM industry market.

From a domestic perspective, in recent years, China's electronic consumer industry, represented by smart phones and wearable devices, has developed strongly and maintained a high growth rate. With the increasing saturation of the smartphone market in Europe and the United States, the emerging market represented by China has been emphasized by global smartphone companies, coupled with the mature electronic information industry support, China has rapidly developed into the world's largest smartphone market.

According to the statistics of the Ministry of Industry and Information Technology, China's smartphone shipments were 254 million in 2012, and the number has reached 1.21 billion in 2022, with a compound annual growth rate of 19.69% and steady growth.

In contrast, the domestic smart wearables market has seen explosive growth in recent years. According to Yi Guan think tank statistics, in 2014 China's smart wearable device market size of 2.2 billion yuan, in 2016 has reached 12.58 billion yuan, an increase of 5.72 times in two years, and it is expected that in 2016-2022 China's smart wristbands market size of the compound annual growth rate will reach 105.73%, the speed of development is faster.

At the same time, MIM process in the domestic consumer electronics market recognition is also increasingly high, to Apple (Apple) production of the iPhone as the representative of high-end electronic products on the application of MIM products is becoming more and more extensive, and greatly driven by other smartphone companies have to apply MIM products. At present, the domestic well-known cell phone brands such as Huawei, OPPO, vivo, millet, Meizu, etc. has been in the card bracket, camera ring, LED ring, buttons and other appearance of the structural components in the use of MIM parts, and MIM process has also been in the case, buckle, caseback, and other wearable equipment fog parts have been applied in large quantities.

With the MIM process in the field of smart phones and wearable devices in the application of increasingly mature and more extensive, coupled with Apple (Apple), Google (Google), Samsung (SAMSUNG) and other well-known enterprises on the continuous innovation, optimization, upgrading of products produced by a strong demonstration of the driving effect, the MIM process will be faced with a more broad market space, the development of the above industries will further provide a solid foundation for the growth of the MIM product market. The development of the above industries will further lay a solid industrial foundation for the market growth of MIM products. It can be predicted that in the future there will be more and more brand manufacturers to choose the MIM process to manufacture complex precision parts and components products, the entire market size of MIM products will appear more rapid growth.

(4) Notebook and not board computers, automotive and medical equipment and other fields to expand the application of MIM products market layout diversification in recent years, with the rapid development of the mobile Internet, smart phones continue to move toward the large screen, lightweight and powerful functions, rich in the direction of the development of smart phones, smart phones, especially large-screen smart phones are constantly seizing the consumer electronics market, resulting in the demand for notebooks and tablet PCs have appeared. The demand for notebooks and tablet PCs has declined to a certain extent. According to Wind information statistics, in 2015 the global notebook computer shipments of 158 million units, down 8.94% compared with 2014, down 6.03% in 2016 compared with 2015, the rate of decline has been narrowed; and during the same period of the global tablet PC shipments also declined, shipments of 206 million units in 2015, down 9.71% compared with 2014, down 15.31% in 2016 compared with 2015, and the global tablet PC shipments also declined, shipments of 206 million units in 2015, down 9.71% compared with 2014, down 15.31% in 2016 compared with 2015. The rate of decline has expanded with a 15.31% decline in 2016 compared to 2015.

In order to cope with the challenges posed by smartphones, more and more notebook and tablet manufacturers have to adopt differentiated market competition strategies, such as accelerating the layout of business office, medical, education and other fields, in order to ensure their relatively stable market demand. At the same time, for the advantage of smart phones in portability, many notebook and tablet manufacturers continue to enhance their products in the processor, battery life and other aspects of the hardware configuration, and choose a more lightweight technology to enhance the irreplaceability of the product and the use of portability, and such as the ultra-thin fan and other advanced MIM products are precisely in line with the market's future development of the technology needs.

At present, the MIM process in the field of notebooks and non-board computers are mainly used for fans, spindles and other parts of the supporting, in general, MIM products in the field of application scale is still relatively small, however, notebooks and non-board computers have been embodied in the trend of thin and lightweight, MIM products will be further promoted by the application of thin and lightweight development. In the future, with the notebook and not board computer other parts of MIM products on the scale of application, even if the notebook and tablet PC shipments fell back, MIM in the field will also show the fog scattered application to the scale of the application development trend, thus contributing to the rapid release of MIM product demand. In the field of auto parts manufacturing, MIM process as a non-cutting metal fog parts forming process, can save a lot of material, reduce production costs, and even reduce the weight of the fog parts, is conducive to automotive lightweight and reduce environmental pollution, and thus by the automotive industry attaches great importance to, and began to be applied to the auto parts market in the 1990s. After years of development, the automotive industry has been a large number of MIM process to produce some complex shapes, bimetallic parts, as well as groups of small and medium-sized parts, such as turbocharging fog parts, adjusting the ring, injector parts, blades, gearshifts, gearboxes, locks, sensors, airbags, seatbelt adjusters, ignition switches, reversing gears, movable roof parts, power steering parts, and so on. The automotive industry has become one of the most widely used areas for MIM process.

China has become the world's largest automobile producer, and the automobile industry occupies an important position in China's economic development. In recent years, driven by many factors such as the accelerating urbanization process, the continuous growth of per capita disposable income, the increasing improvement of highways and other infrastructure support, as well as the gradual upgrading of the residents' consumption concepts, China's automobile demand continues to grow, which leads to the simultaneous expansion of automobile production. According to the statistics of the National Bureau of Statistics, China's automobile production reached 28,193,100 units in 2016, with a compound growth rate of 10.75% from 2009 to 2016, continuing to maintain the momentum of unsteady growth. With the continuation of urbanization in China, the demand for automobiles in China will be further released in the future.

The international use of powder metallurgy products per car is 14 kilograms in Europe, 16 kilograms in Japan, and 19.5 kilograms in the United States. And the domestic automobile MIM product usage is only about 5 kilograms. It can be predicted that, driven by the continuous growth of automobile production, the future application of MIM products in the automobile industry will face a broader space for development.

In the field of medical devices, MIM process production of medical parts has a high degree of precision, to meet the majority of precision medical devices on the parts needed for small, high complexity, high mechanical properties and other requirements, in recent years, has also been more and more widely used, such as scalpel handles, scissors, tweezers, dental parts, otological parts, orthopedic joints and fog parts, and so on. Medical device is an important foundation for the construction of medical and healthcare system, medical device industry is highly strategic, driven and growing, its strategic position is generally valued by countries around the world, has become an important symbol of a country's scientific and technological progress and national economic level, and has become one of the most active industries in the world's trade exchanges nowadays. According to the statistics of EvaluateMedTech, the global medical device market reached 390.3 billion U.S. dollars in 2015, an increase of 35 billion U.S. dollars compared with 2011 - the compound growth rate of 2011-2015 was only 2.38%; while in 2015, China's medical device market size of 308 billion yuan, the compound growth rate of 2011-2015 reached 20.31%, a far-reaching growth rate of 20.31%. The growth rate reached 20.31%, far exceeding the global growth rate. At the same time, the organization predicts that the global medical device market size will grow to 677.5 billion U.S. dollars in 2023, with a global compound growth rate of about 4.12% in 2015-2022, which is expected to continue to grow erratically.

In fact, China's medical device industry started late, but the overall development of the industry is faster, starting from the 1980s, after 30 years of sustained high-speed development, China has initially built a complete professional categories, complete industrial chain, the industrial base of the perfect medical device industry system, a variety of medical device product output ranked in the world's forefront-according to the statistics of the General Administration of Customs, 2016- 2022, the annual compound growth rate of China's exports and imports of medical instruments and apparatus is 9.19% and 11.62% respectively, and the overall import and export volume maintains the growth trend. It can be predicted that with the rapid development of the medical device field, the application scale of MIM products in this field will also continue to grow-

To summarize, with the expansion of the application scale of MIM process in the fields of notebook and no-board computer, automobile and medical equipment, the market layout of MIM products will also tend to be more diversified. During the "13th Five-Year" period, the development of our region faces many opportunities and favorable conditions. The fundamentals of China's long-term economic improvement has not changed, the development is still in an important period of strategic opportunity, the major judgment has not changed, but the connotation of the period of strategic opportunity has undergone profound changes, is changing from the original accelerate the speed of development opportunities to accelerate the transformation of the mode of economic development, is changing from the original scale of rapid expansion of the opportunity to improve the quality of the development of the opportunity to improve the efficiency of the development of the transformation of the development of our region to match the development of the trend. The trend of development.

During the "Tenth Five-Year Plan" period, the development of our region also faces some difficulties and challenges. From the macro situation, the world economy is still in recession, the development situation is complicated and changeable, the downward pressure of the domestic economy is increasing, the traditional industries are facing major changes, the regional competition is more intense, and the factor cost is increasing, the development of the region will continue to face the new situation, the new situation and new challenges. From our own point of view, our region is still in the "critical period" of industrial cultivation, "sensitive period" of social stability and "offensive period" of transformation and development, there are a lot of economic and social development issues need to be resolved, especially the economic aggregate is not large enough! In particular, the total economic volume is not large enough, the industrial structure is not good enough, the reconstruction of the pillar industry system is a long way to go, the resource bottleneck constraints are still prominent, the weak foundation of the innovation factors, the development of insufficient power and other issues need to break through, to maintain security and stability pressure to safeguard and reform the people's livelihood is a heavier task.

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