According to the latest report by IMARC Group, titled “Powder Metallurgy Market Share : Global Industry Trends, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global powder metallurgy market. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global powder metallurgy market 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) refers to advanced metal-forming techniques to fabricate various metallic materials or components by heating compacted metal powders. It involves blending the fine powder, pressing it into a desired shape or form, and heating the compressed material in a controlled atmosphere for bonding. It offers several benefits in shape complexity, material utilization, and near-net-shape dimensional control than traditional methods such as forging and metal casting. As a result, PM is widely used in manufacturing oil and gas drilling well-head components, hardware, washing machines, power tools, hunting knives, hydraulic assemblies, fuel cells, and X-ray shielding.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape
- Strategies of major players and product offerings
Powder Metallurgy Market Trends and Drivers:
The global powder metallurgy market is primarily driven by the rising preference of PM among automotive original equipment manufacturers (OEMs). Additionally, the increasing penetration of additive manufacturing or 3D printing in the aerospace, defense, and healthcare industries due to its reduced weight, complexity in designs, and cost-effectiveness, is another major growth-inducing factor.
In line with this, several leading players are making heavy investments in research and development (R&D) activities to enhance their production capacity, efficiency, and profitability, which in turn, is propelling the market growth.
Other factors, including the rising establishment of manufacturing plants, emerging medical and dental applications, growing automobile production, rapid industrialization, and technological advancements, are also anticipated to drive the market further in the coming years.
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Global Powder Metallurgy Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these top key players include:
- 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
- Sumitomo Electric Industries Ltd
The report has segmented the market on the basis of region, type, material, manufacturing process and application.
Breakup by Type:
Breakup by Material:
Breakup by Manufacturing Process:
- Additive Manufacturing
- Powder Bed
- Blown Powder
- Metal Injection Molding
- Powder Metal Hot Isostatic Pressing
Breakup by Application:
- Electrical and Electronics
- Oil and Gas
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.
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