It was invented by Parmatech Company in California in 1973. In the early 1980s, many European countries and Japan also devoted great efforts to the research of this technology, which was quickly popularized. Especially in the mid-1980s, this technology has developed by leaps and bounds since its industrialization, increasing at an alarming rate every year. Up to now, 100 companies in more than ten countries and regions such as the United States, Western Europe and Japan are engaged in product development, research and sales of this technology. Japan's competition is very active and its performance is outstanding. Many large joint-stock companies have participated in the promotion of MIM industry, including Pacific Metal, Mitsubishi Steel, Kawasaki Steel, Kobe Steel, Sumitomo Mine, Seiko-Epson, Datong Special Steel and so on. At present, there are more than 40 companies specializing in MIM industry in Japan, and their total sales of MIM industrial products have already surpassed Europe and caught up with the United States. Up to now, more than 100 companies around the world have been engaged in product development, research and sales of this technology, so MIM technology has become the most active frontier technology field in new manufacturing industry, the frontier technology of the world metallurgical industry, and represents the main direction of powder metallurgy technology development.