Powder Metallurgy Market Size, Share, Trends, Competitive Scenario and Segmentation Analysis
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. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
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.
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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)
Scope of the Powder Metallurgy Market Report:
The powder metallurgy market is segmented on the basis of product type, process, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
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
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Powder Metallurgy Market Regional Analysis/Insights
The Powder Metallurgy market is analyzed and market size insights and trends are provided by country, material type, end user and application 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.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Powder Metallurgy within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Powder Metallurgy market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
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