Powder Metallurgy Market Size, Share, Opportunities and Key Drivers
Powder Metallurgy Market - Overview, Size, Share, Industry Trends and Opportunities
Global Powder Metallurgy Market, By Product Type (Ferrous, Non-Ferrous), Process (Additive Manufacturing, Metal Injection Moulding, Powder Metal Hot Isostatic Pressing), Application (Aerospace, Automotive, Electrical and Electronics, Industrial Machinery, Medical, Others), End User (OEM’s, AM Operators) - Industry Trends and Forecast to 2030.
Data Bridge Market Research analyses that the global powder metallurgy market which was USD 2.56 billion in 2022 is expected to reach USD 5.60 billion by 2030 and is expected to undergo a CAGR of 10.26 % during the forecast period 2023-2030. The “automotive” industry is said to dominate the global powder metallurgy market. This is because powder metallurgy is extensively used to manufacture components like gears, bearings, and structural parts in automobiles, benefiting from the industry's large-scale production and demand for lightweight, durable parts.
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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 global 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)
Key Coverage in the Powder Metallurgy Market Report:
- Detailed analysis of Powder Metallurgy Market by a thorough assessment of the technology, product type, application, and other key segments of the report
- Qualitative and quantitative analysis of the market along with CAGR calculation for the forecast period
- Investigative study of the market dynamics including drivers, opportunities, restraints, and limitations that can influence the market growth
- Comprehensive analysis of the regions of the Powder Metallurgy industry and their futuristic growth outlook
- Competitive landscape benchmarking with key coverage of company profiles, product portfolio, and business expansion strategies
Table of Content:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Global Powder Metallurgy Market Landscape
Part 04: Global Powder Metallurgy Market Sizing
Part 05: Global Powder Metallurgy Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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