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Powder Metallurgy Market research report delivers key data about the product portfolios, product values, company profiles, shares, and contact data for the company. This promotional market document on the worldwide market also represents all the regions as well as countries across the globe, which showcase a regional manufacturing status, such as volume, market size, value and price details. It also represents a brief summary of sales, revenue share, demand/supply data, and market growth analysis during the predicted period. Powder Metallurgy business report showcases an overall mapping of the industry vendors and the analysis of the competitive landscape.
Global Powder Metallurgy Market was valued at USD 2.33 billion in 2021 and is expected to reach USD 5.08 billion by 2029, registering a CAGR of 10.26% during the forecast period of 2022-2029.
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Market Overview:
Powder metallurgy is the process of manufacturing or producing components or materials from metal powders. It is primarily used to create one-of-a-kind components that are impossible to create through melting or forming, such as tungsten carbide. Powder metallurgy reduces manufacturing yield losses and produces lower-cost products. It is a method that saves time, money, and effort. It converts the starting material into the necessary powder form and then sticks the powder together to form a desirable unique product. Powder metallurgy is also used in the production of inert machine parts such as rotors, gears, bearings, bushings, and magnets.
Some of the major players operating in the powder metallurgy market are
- BASF SE (Germany)
- Carpenter Corporation (U.S.)
- Comtec Mfg.Inc. (U.S.)
- Fine Sinter Co. Ltd. (Japan)
- Melrose Industries PLC (U.K.)
- Phoenix Sintered Metals LLC (U.S.)
- Precision Sintered Parts (U.S.)
- Sandvik AB (Sweden)
- Sumitomo Electric Industries, Ltd. (Japan)
- General Electric (U.S.)
- Miba AG (Austria)
- ExOne (U.S.)
- Showa Denko Materials Co., Ltd. (Japan)
- PMG Holding GmbH (Germany)
- Siemens (Spain)
- Shanghai Electric (China)
- ABB (Switzerland)
- Hitachi Ltd. (Japan)
Powder Metallurgy Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- High Utilisation Across Automotive Industry
Power metallurgy is a popular technique in the automotive industry. Powder metallurgy applications in the automotive industry are steadily increasing, as powder metallurgy is widely regarded as a cost-effective alternative to machined or cast parts. The growing awareness in several developing regions to improve fuel efficiency drives the demand for powder metallurgy in the automotive sector. The demand for powder metallurgy components is being driven by the rise in demand for lightweight vehicles, lightweight materials, and alternative energy sources via metal injection molding, metal powder forging, and warm compaction. Powder metallurgy components are used to manufacture a wide range of automotive components, due to which the market will have an accelerated demand from automotive sector.
Opportunities
- Investments and Advancements
Furthermore, the market players are considerably investing in research and development activities that further enhance product applications and extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the advancement in electrical and electronics components further expand the future growth of the powder metallurgy market.
Global Powder Metallurgy Market Scope
Product Type
- Ferrous
- Iron Powder
- Steel Powder
- Non-Ferrous
- Aluminium
- Copper
- Nickel
- Cobalt
- Tungsten
- Titanium
- Chromium
- Molybdenum
Process
- Additive Manufacturing
- Metal Injection Molding
- Powder Metal Hot Isostatic Pressing
Application
- Aerospace
- Automotive
- Electrical and Electronics
- Industrial Machinery
- Medical
- Others
End User
- OEM’s
- AM Operators
Powder Metallurgy Market Regional Analysis/Insights
The powder metallurgy market is analyzed and market size insights and trends are provided by country, product type, process, application and end user as referenced above.
The countries covered in the powder metallurgy market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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