The latest research study “Powder Metallurgy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global powder metallurgy market size reached a value of US$ 2.58 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 4.63 Billion by 2027 exhibiting a CAGR of 9.80% during 2022-2027.
Powder metallurgy (PM) is an energy-saving advanced process that provides design flexibility and enhanced performance compared to conventional producing methods. It involves synthesizing, processing, and shaping different materials. It also offers numerous benefits, such as reducing scrap losses and machining, producing good surface finish, permitting a wide variety of alloy systems, and facilitating the manufacture of unique or complex shapes. In addition, it is used to produce inert machine parts, including gears, bearings, bushings, rotors, and magnets while saving time, money, and effort. Owing to these properties, powder metallurgy finds extensive applications in the electronics, aerospace, automotive, medical, and dental industries across the globe.
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Powder Metallurgy Market Trends and Drivers:
The market is primarily driven by the expanding automotive industry and the surging demand for PM to produce lightweight materials, cars, and alternative energy sources via metal powder forging, heated compaction, and injection molding. In addition, PM assists in the manufacturing of materials with a high melting point.
As a result, it is used in copiers, postage meters, hunting knives, hydraulic assemblies, fuel cells, X-ray shielding, hardware, washing machines, power tools, and oil and gas drilling well-head components. Moreover, the increasing adoption of 3D printing or additive manufacturing (AM) and the growing utilization of titanium in the aerospace industry to produce aircraft parts represent another major growth-inducing factor.
Other factors, including various technological advancements, extensive investments in research and development (R&D) activities, and rising disposable incomes of individuals, are also creating a positive market outlook across the globe.
Global Powder Metallurgy Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Powder Metallurgy Companies:
BASF SE, Carpenter Corporation, Catalus Corporation, Comtec Mfg.Inc., Fine Sinter Co. Ltd., Horizon Technology Inc., Melrose Industries PLC, Perry Tool & Research Inc., Phoenix Sintered Metals LLC, Precision Sintered Parts LLC, Sandvik AB and Sumitomo Electric Industries Ltd.
The report has segmented the market on the basis of region, type, material, manufacturing process and application.
Breakup by Type:
- Ferrous
- Non-Ferrous
Breakup by Material:
- Titanium
- Steel
- Nickel
- Aluminum
- Others
Market Breakup by Manufacturing Process:
- Additive Manufacturing
- Powder Bed
- Blown Powder
- Metal Injection Molding
- Powder Metal Hot Isostatic Pressing
- Others
Breakup by Application:
- Automotive
- Aerospace
- Electrical and Electronics
- Oil and Gas
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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